Pengaruh Modal Intelektual Terhadap Nilai Perusahaan Dengan Profitabilitas Sebagai Variabel Moderasi

Ririn  Yuliawati; Natasia Alinsari

doi:10.33395/owner.v6i3.939

Authors

Ririn Yuliawati Universitas Kristen Satya Wacana
Natasia Alinsari Universitas Kristen Satya Wacana

DOI:

10.33395/owner.v6i3.939

Keywords:

Keywords: Firm Value; Intellectual Capital; Profitability

Abstract

The purpose of this study is to analyze and provide empirical evidence whether profitability moderates the relationship between intellectual capital and increasing firm value on the IDX. This study uses secondary data in the form of annual reports of banking companies from 2018-2020. This research method is included in quantitative descriptive research using purposive sampling technique using certain criteria as a determination. The sample in this study were 35 banking companies and the number of observations or observations was 105 data. The data analysis tool used is multiple linear regression and Moderated Regression Analysis (MRA) with the help of Eviews version 10 software. The results show that the intellectual capital variable has an effect on firm value measured using Tobin's Q. There is a moderating variable in profitability as measured by Return On Assets (ROA) is proven to be able to moderate the influence of intellectual capital on firm value. The conclusions in this study is the companies that use optimal intellectual capital can increase the value of the company. Companies that have high profitability are also considered to have high performance in making profits. High profit generated and optimal use of intellectual capital will make the market give more assessments through their share prices.

Downloads

Download data is not yet available.

Plum-X Analityc

References

A Wijayanto, Suhadak, M Dzulkirom, N. F. N. (2017). The effect of intellectual capital on financial performance of manufacturing companies listed in Indonesia Stock Exchange period 2007-2011. The Indonesian Accounting Review, 3(02), 193. https://doi.org/https://doi.org/10.14414/tiar.v3i02.205

Afief, M. R. I., Tinangon, J. J., & Gamaliel, H. (2020). Pengaruh Modal Intelektual Terhadap Nilai Perusahaan Dengan Kinerja Keuangan Sebagai Variabel Intervening Pada Perusahaan Sub Sektor Real Estate Yang Terdaftar Di Bursa Efek Indonesia. Jurnal Riset Akuntansi Dan Auditing, 14(1), 68–82. https://doi.org/10.48042/jurakunman.v14i1.74

Amirullah, H. R., Dharma, F., & Putri, W. R. E. (2021). Pengaruh Intellectual Capital terhadap Nilai Perusahaan saat Pandemi COVID 19 dengan Profitabilitas sebagai Variabel Moderasi. Jurnal Akuntansi Bisnis Dan Ekonomi, 7(2), 2039–2050.

Aulia, A. N., Mustikawati, R. I., & Hariyanto, S. (2020). Profitabilitas, Ukuran Perusahaan Dan Intellectual Capital Terhadap Nilai Perusahaan. Jurnal Riset Mahasiswa Manajemen, 6(1), 1–7. https://doi.org/10.21067/jrmm.v6i1.4463

Awaliyah, N., & Safriliana, R. (2017). Pengaruh Intellectual Capital Pada Nilai Perusahaan Perbankan. Jurnal Reviu Akuntansi Dan Keuangan, 6(2), 913–922. https://doi.org/10.22219/jrak.v6i2.03

Ginting, M. C., & Sagala, L. (2020). Pengaruh Modal Intelektual Terhadap Nilai Perusahaan (Studi Kasus Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Periode Tahun 2017-2019). Jurnal Manajemen, 6(2), 91–100.

Halim, K. I. (2020). Pengaruh Intellectual Capital, Profitabilitas, dan Ukuran Perusahaan Terhadap Nilai Perusahaan. Jurnal Revenue, 01(1), 227–232. https://doi.org/10.46306/rev.vli2.27

Herli, M., & Hafidhah. (2017). Pengaruh Modal Intelektual Terhadap Nilai Perusahaan dengan Profitabilitas sebagai Variabel Moderasi. Performance Bisnis & Akuntansi, VII(1), 67–85.

Lestari, D. A. D., & Satyawan, M. D. (2019). Pengaruh Intellectual Capital Terhadap Nilai Perusahaan Dengan Profitabilitas Sebagai Variabel Intervening. Jurnal Eksplorasi Akuntansi, 1(3), 1541–1555. https://doi.org/10.24036/jea.v1i3.161

Nabila, F., Surasni, N. K., & Husnan, L. H. (2021). Pengaruh Intellectual Capital dan Struktur Modal Terhadap Nilai Perusahaan Dengan Profitabilitas sebagai Variabel Pemediasi. Husnan … Jurnal EMBA, 9(1), 618–627.

Natsir, K., & Bangun, N. (2021). The Role of Intellectual Capital in Increasing Company Value with Profitability as an Intervening Variable. Proceedings of the Ninth International Conference on Entrepreneurship and Business Management (ICEBM 2020), 174(Icebm 2020), 101–110. https://doi.org/10.2991/aebmr.k.210507.016

Nurkharimah, M., Hardiyanto, A. T., & Iryani, L. D. (2019). Pengaruh Intellectual Capital Terhadap Profitabilitas Perusahaan Manufaktur Sub Sektor Makanan Dan Minuman yang Terdaftar Di BEI Tahun 2014-2018. Jurnal Akuntansi, 1, 105–112.

Papula, J., & Volná, J. (2014). The Level of Intellectual Capital Management in Slovak Companies. 6th European Conference on Intellectual Capital, April 2014, 135–144. http://academic-conferences.org/ecic/ecic2014/ecic14-proceedings.htm

Puspitasari, D. P., & Suryono, B. (2020). Modal Intelektual, Ukuran Perusahaan Dan Struktur Modal Terhadap Nilai Perusahaan Dengan Profitabilitas Sebagai Variabel Intervening. Jurnal Ilmu Dan Riset Akuntansi, 9(1), 287–295.

Putri, A. J., Agustin, H., & Helmayunita, N. (2019). Pengaruh Intellectual Capital terhadap Nilai Perusahaan dengan Profitabilitas Sebagai Variabel Intervening. Jurnal Eksplorasi Akuntansi, 1(3), 1541–1555.

Putri, A. S., & Miftah, D. (2021). Pengaruh Intellectual Capital, Leverage, Profitabilitas, Dan Likuiditas Terhadap Nilai Perusahaan. CURRENT: Jurnal Kajian Akuntansi Dan Bisnis Terkini, 2(2), 259–277. https://doi.org/10.31258/jc.2.2.259-277

Rifana, R., & Nuswantara, D. A. (2021). Pengaruh Intellectual Capital terhadap Nilai Perusahaan pada Perusahaan Food and Beverages yang Terdaftar di BEI 2015-2018. Jurnal Akuntansi Unesa, 10(1). https://journal.unesa.ac.id/index.php/akunesa

Rivandi, M., & Septiano, R. (2021). Pengaruh Intellectual Capital Disclosure Dan Profitabilitas Terhadap Nilai Perusahaan. Jurnal Akuntansi Trisakti, 8(1), 123. https://doi.org/10.25105/jat.v8i1.7631

Salsabila, L., & Rejeki, D. (2021). Pengaruh Value Added Capital Employed (VACA), Value Added Human Capital (VAHU), Structural Capital Value Added (STVA) Terhadap Profitabilitas. Jurnal Akuntansi Dan Bisnis Krisnadwipayana, 8(c).

Sayyidah, U., & Saifi, M. (2017). Pengaruh Intellectual Capital Terhadap Nilai Perusahaan Dengan Profitabilitas Sebagai Variabel Moderasi (Studi Pada Perusahaan Sub Sektor Property Dan Real Estate Di Bursa Efek Indonesia Periode 2013-2015). Jurnal Administrasi Bisnis S1 Universitas Brawijaya, 46(1), 163–171.

Soewarno, N., & Tjahjadi, B. (2020). Measures that matter: an empirical investigation of intellectual capital and financial performance of banking firms in Indonesia. Journal of Intellectual Capital, 21(6), 1085–1106. https://doi.org/10.1108/JIC-09-2019-0225

Subagyo, H., & Waluyo, D. E. (2020). Intellectual Capital and Business Performance In Indonesian Manufacture Companies. International Journal of Economics and Management Systems, 05, 50–61.

Subaida, I., Nurkholis, & Mardiati, E. (2018). Intellectual Capital Disclosure on Firm Value. Journal of Applied Management (JAM), 16(36), 125–135.

Tangngisalu, J. (2021). The Impact of Intellectual Capital on Company Value. Jurnal Manajemen Bisnis, 8(1), 182–190. https://doi.org/10.33096/jmb.v8i1.690

Widyaningrum, A. (2004). Modal Intelektual. Jurnal Akuntansi Dan Keuangan Indonesia, 1(1), 16–25. https://doi.org/10.21002/jaki.2004.02

Yaseen, S. G., Dajani, D., & Hasan, Y. (2016). The impact of intellectual capital on the competitive advantage: Applied study in Jordanian telecommunication companies. Computers in Human Behavior, 62, 168–175. https://doi.org/10.1016/j.chb.2016.03.075

Yulandari, L. F., & Gunawan, H. (2019). Pengaruh Intellectual Capital Terhadap Nilai Pasar Dan Kinerja Keuangan Perusahaan Yang Terdaftar Di Bursa Efek Indonesia. Journal of Applied Managerial Accounting, 3(1), 36–50. https://doi.org/10.30871/jama.v3i1.938