Faktor-Faktor yang Mempengaruhi Nilai Perusahaan dengan Profitabilitas sebagai Variabel Intervening
Abstract
This study aims to analyze the factors that affect Company Value by using profitability as an Intervening Variable. The research data was obtained from the annual financial statements of the banking sub-sector companies listed on the Indonesia Stock Exchange in 2016 to 2018. Data analysis used path analysis techniques. The analysis shows that the intellectual capital variable measured by VAICTM has no effect on profitability that is proxied by ROE and the value of the company is measured using the total amount of assets, this is because there are still many companies that do not pay attention to intellectual capial on their companies, companies tend to pay more attention tangible assets while Good corporate governance which is proxied by the number of audit committees only has a significant effect on firm value while profitability (ROE) has a significant effect on firm value.
Keywords: Company Value; Profitability; Intellectual Capital; Good Corporate Governance.
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References
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Sudibya, diva cicilya arum, & Restuti, M. M. D. (2014). Pengaruh Modal Intelektual Terhadap Nilai Perusahaan Dengan Kinerja Keuangan Sebagai Variable Intervening. Journal Manajemen Dan Bisnis.
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Widigdo, Idie. 2013. Effect of Corporate Social Performance, Intellectual Capital, Ownership Structure, and Corporate Governance on Corporate Performance and Firm Value (Studies on Comapnies Listed in the Sri-Kehati Index). International Journal of Business, Economics and Law, Vol. 2, Issue 1 (June) 2013 ISSN 2289-1552
www.idx.co.id.
Bontis, N., Janošević, S., & Dženopoljac, V. (2015). Intellectual capital in serbia’s hotel industry. International Journal of Contemporary Hospitality Management. https://doi.org/10.1108/IJCHM-12-2013-0541
Dianawati, C. P., & Fuadati, S. R. (2016). Pengaruh CSR Dan GCG Terhadap Nilai Perusahaan: Profitabilitas Sebagai Variabel Intervening. Jurnal Ilmu Dan Riset Manajemen.
Diarto, Ade Putri dan Siti Aisjah. 2016. Analisis Tingkat Kesehatan Bank dengan Menggunakan Metode RGEC (Risk Profile, GCG, Earning, Capital): Studi pada PT. BRI (persero) Tbk periode 2011-2014. Fakultas Ekonomi dan Bisnis. Universitas Brawijaya Malang.
Dženopoljac, V., Janoševic, S., & Bontis, N. (2016). Intellectual capital and financial performance in the Serbian ICT industry. Journal of Intellectual Capital. https://doi.org/10.1108/JIC-07-2015-0068
Earnest, Dewi Fariha and Saudah Sofian. 2013. The Mediating Role of Corporate Governance on Intellectual Capital and Corporate Performance. Journal of Economics, Business and Management, Vol. 1, No. 4, November.
Fatimah, Malavia, mardani ronny, & Budi, W. (2017). Pengaruh Good Corporate Governance Terhadap Nilai Perusahaan Dengan Kinerja Keuangan Sebagai Variabel Intervening. E-Jurnal Riset Manajemen Prodi Manajemen.
Farida, Anisatul. 2016. Pengaruh Struktur Corporate Governance dan Intellectual Capital terhadap Kinerja Perusahaan yang terdaftar di Jakarta Islamic Index (JII) Periode 2011-2014. Fakultas Syari'ah dan Hukum, Universitas Islam Negeri Sunan Kalijaga Yogyakarta.
Hadiwijaya, Rendi Cahyono dan Abdul Rohman. (2013) “pengaruh intellectual capital terhadap nilai perusahaan dengan kinerja keuangan sebagai variabel intervening diponegoro journal of accounting Volume 2, Nomor 3, Tahun 2013, Halaman 1-7 http://ejournal-s1.undip.ac.id/index.php/accountingISSN (Online): 2337-3806
Hanum, M., Kamal, M., Mat, R. C., Rahim, N. A., Husin, N., & Ismail, I. (2012). Intellectual Capital And Firm Performance Of Commercial Banks In Malaysia. Asian Economic and Financial Review Journal
Harryani, Sri, Bagus Nurcahyo, Renny Nur’aini. 2013. Impact of Intellectual Capital on the Firm’s Market Value: The Mediation Role of Financial Performance (Empirical Study From The Indonesian Banking Companies since 2007-2011). 10th Ubaya International Annual Symposium on Management
Hashim, Maryam Jameelah, Idris Osmanb, Syed Musa Alhabshic. 2015. Effect of Intellectual Capital on Organizational Performance. 2nd Global Conference on Business and Social Science-2015, GCBSS-2015, 17-18 September 2015, Bali, Indonesia
Rajannoor, Muhammad dan Aulia Fuad Rahman. 2014. Analisis Pengaruh Penerapan Good Corporate Governance terhadap manajemen Laba pada perusahaan BUMN (Studi Pada Perusahaan BUMN yang Terdaftar di Bursa Efek Indonesia 2012-2014). Universitas Diponegoro Semarang.
Jayanti, L. D., & Binastuti, S. (2017). Pengaruh Intellectual Capital Terhadap Nilai Perusahaan Dengan Kinerja Keuangan Sebagai Variabel Intervening. Jurnal Ekonomi Bisnis.
Khanqah, V. T., Khosroshahi, M. A., & Ebrati, M. R. (2012). An Investigation of the Association between Working Capital Management and Corporate Performance. Int. Journal of Management and Business Research.
Langeroodi, Iman Salemi. 2014. The Effect of the Knowledge Management and Intellectual Capital on Organizational Performance in State Banks of RASHT. Indian Journal of Fundamental and Applied Life Sciences ISSN: 2231– 6345 (Online). An Open Access, Online International Journal Available at http:// http://www.cibtech.org/sp.ed/jls/2014/01/jls.htm. 2014 Vol. 4 (S1) April-June, pp. 1393-1404/Langeroodi
Lisdayanti, Agustya dan Suhendra. 2016. The Effect of Intellectual Capital on Firm Value Through Firm Performance (Empirical Study on Manufacturing Companies listed on the Indonesia Stock Exchange). FE-Universitas Gunadarma Jakarta.
Mojtahedi, Payam and Eskandar Jafari. 2013. Investigating the impact of Intellectual Capital on Market Value Added Evidence from Malaysian firms. Technical Journal of Engineering and Applied Sciences. Available online at www.tjeas.com ©2013 TJEAS Journal-2013-3-20/2696-2701 ISSN 2051-0853 ©2013 TJEAS
Natalia Ogolmagai. 2013. Leverage Pengaruhnya Terhadap Nilai Perusahaan pada Industry Manufaktur yang Go Public di Indonesia. Jurnal EMBA Vol.1 No.3 Juni 2013, Hal 81-89. ISSN: 2303-1174.
Nida, Shofwatun. 2015. Pengaruh Intellectual Capital dan Good Corporate Governance terhadap Profitabilitas Bank Umum Syariah Periode 2010-2013. Konsentrasi Perbankan Syariah, Program Studi Muamalat, Fakultas Syariah dan Hukum, Universitas Islam Negeri (UIN) Syarif Hidayatullah Jakarta.
Nuryaman. 2015. The Influence of Intellectual Capital on The Firm’s Value with The Financial Performance as Intervening Variable. 2nd Global Conference on Business and Social Science-2015, GCBSS-2015, 17-18 September 2015, Bali, Indonesia
Sawarjuwono, T., & Kadir, A. P. (2003). Intellectual Capital : Perlakuan, Pengukuran dan Pelaporan. Jurnal Akuntansi Dan Keuangan.
Seyed Alireza Mosavi. (2012). A study of relations between intellectual capital components, market value and finance performance. African Journal of Business Management. https://doi.org/10.5897/ajbm11.1466
Sudibya, diva cicilya arum, & Restuti, M. M. D. (2014). Pengaruh Modal Intelektual Terhadap Nilai Perusahaan Dengan Kinerja Keuangan Sebagai Variable Intervening. Journal Manajemen Dan Bisnis.
Sunarsih, N. M., & Mendra, N. P. Y. (2012). Pengaruh Modal Intelektual Terhadap Nilai Perusahaan Dengan Kinerja Keuangan Sebagai Variabel Intervening Pada Perusahaan Yang Terdaftar Di Bursa Efek Indonesia. SNA XV Banjarmasin.
Wany, E. (2010). Pengaruh Intellectual Capital Terhadap Produktivitas, Profitabilitas, Nilai Pasar Pada Perusahaan Manufaktur Di Bursa Efek Indonesia. AKRUAL: Jurnal Akuntansi. https://doi.org/10.26740/jaj.v2n1.p20-42
Widigdo, Idie. 2013. Effect of Corporate Social Performance, Intellectual Capital, Ownership Structure, and Corporate Governance on Corporate Performance and Firm Value (Studies on Comapnies Listed in the Sri-Kehati Index). International Journal of Business, Economics and Law, Vol. 2, Issue 1 (June) 2013 ISSN 2289-1552
www.idx.co.id.
Published
2020-07-10
How to Cite
SURYANI, Cahya; HANDAJANI, Lilik; EFFENDY, Lukman.
Faktor-Faktor yang Mempengaruhi Nilai Perusahaan dengan Profitabilitas sebagai Variabel Intervening.
E-Jurnal Akuntansi, [S.l.], v. 30, n. 7, p. 1857 - 1871, july 2020.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/60256>. Date accessed: 14 nov. 2024.
doi: https://doi.org/10.24843/EJA.2020.v30.i07.p18.
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