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Assessing determinant of firm value: Indonesia conventional bank analysis

Author

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  • Febrina Rahmi Rahmi
  • Muhammmad Arfan
  • Mulia Saputra

Abstract

The objectives of this paper is to examines the factors of intellectual capital, financial leverage, institutional ownership, and working capital management (WCM) on firm value and the role of profitability in influencing firm value. The research analysis unit focuses on the conventional banking sector on the Indonesia Stock Exchange. The panel data was taken from 28 commercial banks for five years (2016–2020), with 140 observations and data analysis using Path Analysis. Based upon hypothesis testing, the study concluded a positive correlation between profitability and firm value. Intellectual capital, financial leverage, institutional ownership, and WCM also positively affect firm value and profitability. Based on data analysis using path analysis by comparing the path coefficient substructure, the results show that profitability acts as mediation the effect of intellectual capital, financial leverage, institutional ownership, and WCM on firm value.

Suggested Citation

  • Febrina Rahmi Rahmi & Muhammmad Arfan & Mulia Saputra, 2023. "Assessing determinant of firm value: Indonesia conventional bank analysis," Jurnal Akuntansi dan Auditing Indonesia, Accounting Department, Faculty of Business and Economics, Universitas Islam Indonesia, vol. 27(1).
    • Handle: RePEc:uii:jaaife:v:27:y:2023:i:1:id:25447
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