Profitability and Firm Size on Firm Value with Intellectual Capital as Moderating Variable on LQ45 Company listed on BEI Period 2018 – 2020

Authors

  • Vitalis Ari Widiyaningsih STIE St. Pignatelli
  • Daniel Budi Pratama STIE St. Pignatelli
  • Darmanto Darmanto

DOI:

https://doi.org/10.29040/ijebar.v6i3.6146

Abstract

This study aims to examine the effect of profitability and firm size on firm value and also to determine the effect of intellectual capital as a moderating variable on the relationship between profitability and firm value and firm size on firm value. The population of this study are companies that are members of the LQ45 index for the 2018-2020 period. The sample selection used purposive sampling technique. The data analysis technique used is moderated regression analysis (MRA). This study shows that profitability as measured by ROI has a significant effect on firm value, but GPM as a measure of profitability has no significant effect. Firm size has a positive effect on firm value in LQ45 companies. Intellectual Capital can moderate the relationship between profitability as measured by ROI and GPM. Intellectual Capital also moderates the relationship between firm size and firm value in LQ45 companies for the 2018-2020 period. Keyword: Profitability, Size, LQ45, The Value of the Company, Intellectual Capital

References

Agnes Sawir, 2015, Analisis Kinerja Keuangan dan Perencanaan Keuangan Perusahan, Gramedia Pustaka Utama, Jakarta.

Agung Sugiarto. (2011). Analisa Pengaruh BETA, Size Perusahaan, DER dan PBV Ratio terhadap Return Saham. Jurnal Dhinamika Akuntansi, Vol. 3, No. 5

Akmalia, Alien dan Kevin Dio, & Nurul Hesty. (2017). Pengaruh Kinerja Keuangan Terhadap Nilai Perusahaan dengan Corporate Social Responsibility dan Good Corporate Governance sebagai Variabel Pemoderasi. Vol 8, No.2 September 2017.

Amato, Louis dan Ronald P. Wilder. 2015. The Effects of Firm Size on Profit Rates in U.S. Manufacturing. Southern Economic Journal University of North Carolina. 52(1), hal:181-190

Anamtuan, O., Zuhroh, D., & Sihwahjoeni, S. (2020). Asset Management and Capital Ownership on Firm Value: Through Profitability. AFRE Accounting and Financial Review, 3(1), 83–92. https://doi.org/10.26905/afr.v3i1.4296

Andriana, Denny. 2014. Pengaruh Intellectual Capital terhadap Kinerja Keuangan Perusahaan. Jurnal Riset Akuntansi dan Keuangan Universitas Pendidikan Indonesia. 2(1), hal: 251-260

Aprianingsih, Astri 2016. Pengaruh Penerapan Good Corporate Governance, Struktur Kepemilikan dan Ukuran Perusahaan terhadap Kinerja Keuangan Perbankan yang Terdaftar di Bursa Efeke Indonesia Tahun 2011-2014. Skripsi Yogyakarta : Program Studi Akuntansi Jurusan Pendidikan Akuntansi Fakultas Ekonomi Universitas Negri Yogyakarta 2016.

Ashari, Darsono. “Pedoman Praktis Memahami Laporan Keuangan.†Managerial Finance, 2018, doi:10.1108/MF-08-2017-0303.

Buallay, A. (2017). The Relationship Between Intelellectual Capital and Firm Perforamnace. Corporate Governance and Organizational Behavior Review, 1(1). https://doi.org/10.22495/cgobr

Casimira. (2016). Pengaruh Return On Assets, Rasio Likuiditas, Dan Rasio Solvabilitas Terhadap Nilai Perusahaan Dengan Pengungkapan Corporate Social Responsibility Sebagai Variabel Pemoderasi. Jurnal Profita Edisi 8 Tahun 2016

Chandrarin, G., & Cahyaningsih, D. S. (2018). Identifikasi Struktur Modal Melalui

Profitabilitas, Pertumbuhan Penjualan dan Ukuran Perusahaan. AFRE Accounting and Financial Review, 1(1), 36–45. https://doi.org/10.26905/afr.v1i1.2246

Chang, W. S., & Hsieh, J. J. (2011). Intellectual Capital and Value Creation-Is Innovation Capital a Missing Link? International Journal of Business and Management, 6(2), 3–12.https://doi.org/10.5539/ ijbm.v6n2p3

Chen, L. Ju dan S. Yu Chen. 2011. The Influence of Profitability on Firm Value with

Capital Structure as the Mediator and Firm Size and Industry as Moderators. Investment Management and Financial Innovation. 8(3)

Darmanto, Mugi Harsono, Tulus Haryono, 2014, The Relationship between Strategy Orientation and Marketing Performance: The Role of Organizational Change apability, American International Journal of Contemporary Research,. Volume 4:1, 221-229

Desnerita, Amdani dan. 2015. Pengaruh Struktur Modal dan Working Capital Turnover terhadap Profitabilitas (Studi Empiris pada Pembayar Pajak Perusahaan yang Diperiksa oleh KPP Madya Jakarta Pusat). Jurnal Akuntansi Universitas Persada Indonesia. 19(3), hal: 398:419

Dewi, P. Y. S., Yuniarta, G. A., AK, S. E., Atmadja, A. T., & SE, A. (2014). Pengaruh

Struktur Modal, Pertumbuhan Perusahaan Dan Profitabilitas Terhadap Nilai Perusahaan Pada Perusahaan LQ 45 Di BEI Periode 2008-2012. JIMAT (Jurnal Ilmiah Mahasiswa Akuntansi) Undiksha, 2(1).

Dwipayani, C. C. dan A. Prastiwi. 2014. Pengaruh Intellectual Capital terhadap Profitabilitas dan Kinerja Pasar. Journal of Accounting Universitas Diponegoro. 3(3), hal: 1

Profitabilitas, Ukuran Perusahaan dan GCPI. Jurnal Dinamika Manajemen. Jurnal Dinamika Manajemen, 5(2), 183–199. https://doi.org/10.15294/jdm.v5i2.3660

Dhani, I. P., & Utama, A. A. G. S. (2017). Pengaruh Pertumbuhan Perusahaan, Struktur Modal, dan Profitabilitas terhadap Nilai Perusahaan. Jurnal Riset Akuntansi Dan Bisnis Airlangga, 2(1).

Elfiswandi, Pratiwi, H., & Melmusi, Z. (2019). The influence of intellectual capital on

financial performance:A Study on Banking Companies Listed in Indonesia Stock Exchange. Review of Integrative Business and Economics Research, 8(2), 300–312. https://doi.org/10.2991/insyma-18.2018.15

Fahmi, Irham. 2014. Analisis Laporan Keuangan. Bandung: Alfabeta.

Fitriani Saragih. 2017. Analisis Du Pont System Dalam Mengukur Kinerja Keuangan Pada PT. Milenium Primarindo Sejahtera. Jurnal Ilmiah. Universitas Muhammadiyah Sumatera Utara.

Fristiani, N. L., Pangastuti, D. A., & Harmono, H. (2020). Intellectual Capital Dan

Kinerja Keuangan Terhadap Nilai Perusahaan: Pada Industri Perbankan. AFRE Accounting and Financial Review, 3(1), 35–42. https://doi.org/10.26905/ afr.v3i1.4223

Rudangga dan Sudiarta. 2016. “Pengaruh Ukuran Perusahaan, Leverage, dan Profitabilitas Terhadap Nilai Perusahaanâ€. E-Jurnal Manajemen Unud. Vol. 5, No. 7. ISSN: 2302-8912

Rumondor, Regina. dkk. (2015). “Pengaruh Struktur Modal, Ukuran Perusahaan Dan Risiko Perusahaan Terhadap Nilai Perusahaan Pada Sub Sektor Plastik Dan Pengemasan Di BEIâ€. Jurnal Riset Ekonomi, Manajemen, Bisnis Dan Akuntansi, 3.3. http://ejournal.unsrat.ac.id.

Sari, Putu Indah Purnama dan Abundanti, Nyoman. 2014. Pengaruh Pertumbuhan Perusahaan dan Leverage Terhadap Profitabilitas dan Nilai Perusahaan. E-Jurnal Manajemen Universitas Udayana Vol 3 No.5.

Downloads

Published

2022-08-01

How to Cite

Widiyaningsih, V. A., Pratama, D. B., & Darmanto, D. (2022). Profitability and Firm Size on Firm Value with Intellectual Capital as Moderating Variable on LQ45 Company listed on BEI Period 2018 – 2020. International Journal of Economics, Business and Accounting Research (IJEBAR), 6(3), 2350–2357. https://doi.org/10.29040/ijebar.v6i3.6146

Citation Check

Most read articles by the same author(s)

1 2 > >>