Does The Value of the Company Affected Intellectual Capital with Financial Performance as Interesting Variables?

Rio Ahmad Junaedi Rio Ahmad Junaedi,Elva Nuraina Elva Nuraina,Nur Wahyuning Sulistyowati Nur

doi:10.52728/ijtc.v1i2.78

Rio Ahmad Junaedi Rio Ahmad Junaedi, Elva Nuraina Elva Nuraina + Show 1 more

Open Access

https://doi.org/10.52728/ijtc.v1i2.78

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Abstract

This study aims to examine the effect of intellectual capital on firm value through financial performance as an intervening variable in the property and real estate sub-sector companies which is quantitative research by applying hypothesis testing and conducting path analysis using linear regression. To test the influence of mediation in this study applying the Sobel test with the results of financial performance cannot mediate the relationship of intellectual capital and firm value because financial performance is not the only factor that influences the movement of company values, and intellectual capital itself is a factor that cannot be measured directly different from financial performance.

Highlights

At present the growing variety of investments is investing in land or property which has an impact on the high level of development of the property and real estate industry plus more and more companies are participating in taking advantage of this opportunity (Hamidy, Wiksuana, & Artini, 2015)
Some of the explanations above, this study aims to examine the influence of intellectual capital on firm value and financial performance and to test the ability of financial performance to mediate the relationship of intellectual capital with firm value which theoretically has a contribution to increase knowledge in the accounting world, discussing related to value added information which is the output of Intellectual Capital and its influence on the optimization of financial performance and corporate value
After a regression analysis the results obtained are constant values of 0.010, VAICTM of 0.000, and ROA of 0.705 which can be observed from table 3

Summary

Introduction

At present the growing variety of investments is investing in land or property which has an impact on the high level of development of the property and real estate industry plus more and more companies are participating in taking advantage of this opportunity (Hamidy, Wiksuana, & Artini, 2015). PT Agung Podomoro Land has decreased by 12 points to 5.31% or Rp. 214. PT Summarecon Agung decreased by 45 points to 3.81% or Rp. 1,135. All perceptions are only temporary due to good economic and corporate fundamentals (Ningrum, 2018). With this phenomenon, it encourages researchers to find out about the weakening of company performance and value in the property and real estate sub-sector companies, is it because the company is not maximally utilizing the existing wealth (tangible and intangible assets), namely intellectual capital, because some theories state that intellectual capital is the most important part in increasing a company's wealth

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