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The Dynamic Impact of Intellectual Capital on Firm Value: Evidence from Indonesia

In: Proceedings of the International Conference on Business, Accounting, Banking, and Economics (ICBABE 2022)

Author

Listed:
  • Dina Ermawati

    (Universitas Muhammadiyah Semarang, Department of Accounting)

  • Nurcahyono Nurcahyono

    (Universitas Muhammadiyah Semarang, Department of Accounting)

  • Desi Novita Sari

    (Universitas Muhammadiyah Purwokerto, Department of Accounting)

  • Iwan Fakhruddin

    (Universitas Muhammadiyah Purwokerto, Department of Accounting)

Abstract

Increasing business growth encourages companies to increase company achievements, prosper shareholders and grow company value. This study aims to show the effect of the mechanism of Institutional Ownership, Leverage, Profitability, Intellectual Capital, Current Ratio, and Earning Per Share on Firm Value and the effect of independent commissioners as a moderating variable. The study used secondary data from financial reports listed on the IDX for 2017–2021. Analysts data with multiple linear regression using SPSS 26. This test proves that profitability and leverage positively affect firm value. In contrast, institutional ownership, intellectual capital, current ratio, and earnings per share have a negative impact on firm value. Other results show that independent commissioners can moderate by weakening the link between leverage and company value. Still, independent commissioners cannot moderate the relationship between intellectual capital and the importance of financial sector companies listed on the Indonesia Stock Exchange for 2017–2021. This research contributes knowledge about the relationship between institutional ownership, leverage, intellectual capital, current ratio, earnings per share, and company value. Intellectual capital as a novelty is used to determine how influential intellectual capital is in increasing company value. In this study, an independent commissioner was used to influence the relationship between the independent variables and the dependent variable.

Suggested Citation

  • Dina Ermawati & Nurcahyono Nurcahyono & Desi Novita Sari & Iwan Fakhruddin, 2023. "The Dynamic Impact of Intellectual Capital on Firm Value: Evidence from Indonesia," Advances in Economics, Business and Management Research, in: Chih Wen-Hai & Ali Mursid (ed.), Proceedings of the International Conference on Business, Accounting, Banking, and Economics (ICBABE 2022), pages 246-262, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-154-8_23
    DOI: 10.2991/978-94-6463-154-8_23
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