Intellectual Capital and Firm Value: The Role of Financial Performance as Intervening Variable
Journal Title: Journal of Economics, Finance and Management Studies - Year 2022, Vol 5, Issue 05
Abstract
This study aims to determine the effect of intellectual capital on firm value with financial performance as an intervening variable. This study is a quantitative study using related methods. The goal is for all commercial banks in Indonesia to be listed on the Indonesia Stock Exchange (IDX). The sampling used the purposive sampling method and resulted in 42 commercial banks in Indonesia. The data in this study is secondary data in the form of annual financial reports from 2017 to 2021. Path analysis is used with SPSS version 23 software for data analysis. The results showed that Intellectual Capital (VAICTM) had a significant effect on Financial Performance (ROE), Intellectual Capital (VAICTM) had no significant effect on Firm Value (PER), Financial Performance (ROE) had a significant effect on Firm Value (PER), Intellectual capital ( VAICTM) has an indirect impact on firm value (PER) through financial performance (ROE) as an intervening variable.
Authors and Affiliations
Jumratun Choirunnisyah, Esy Nur Aisyah
Keywords
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- EP ID EP707213
- DOI 10.47191/jefms/v5-i5-11
- Views 81
- Downloads 0
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