Analisis Modal Intelektual Dan Ukuran Perusahaan Terhadap Nilai Perusahaan Melalui Kinerja Perusahaan Sebagai Variabel Antara

Bayu Aji Kurniawan, muslichah muslichah

Abstract


This study examines the effect of intellectual capital and firm size on firm value with the company's financial performance as an intervening variable.. The sample used in this study is a food and beverage company that is listed on the Indonesia Stock Exchange (IDX) it the period 2014-2018. Data obtained by 65 samples. Data of this study is analyzed using path analysis. The results show that intellectual capital and firm size had a positive effect oncompany performance and firm value, and company performance mediate the effect of intellectual capital and firm size on firm value.

Keywords


Intelectual Capital, Firm Size, Company Performance, Firm Value

Full Text:

PDF

References


DAFTAR PUSTAKA

A. Ross, Stephen, dkk. 2015. Pengantar Kuangan Perusahaan. Jakarta: Salemba Empat.

Abidin, Sawarjuwono dan Kadir, 2003, “Intellectual Capital Disclosure Commitment : Myth or Reality?”, Journal of Intellectual Capital, Vol.13, No. 1, pp. 39-56

Ahmed Bounfour, (2003),"The IC-dVAL approach", Journal of Intellectual Capital, Vol. 4 Iss: 3 pp. 396 – 413

Akpinar, E. 2014. The Use of Interactive Computer Animations Based on POE as a Presentation Tool in Primary Science Teaching. Diakses secara online. Vol 23, no. 4, pp: 527 – 537.

Allazy, Muhammad Reza. 2013. Pengaruh Leverage, Profitabilitas, Likuiditas, Kebijakan Deviden, Ukuran Perusahaan dan Pertumbuhan Perusahaan Terhadap Nilai Perusahaan. Jurnal Ilmiah Universitas Bakrie. Vol.1, No.02.

Ang, Robert. 1997. Buku Pintar Pasar Modal Indonesia (The Intelligent Guide to Indonesian Capital Market). Jakarta: Mediasoft Indonesia.

Berzkalne, I., & Zelgalve, E. (2014). Intellectual capital and company value. Procedia-Social and Behavioral Sciences, 110, 887-896.

Bchini, B. (2015). Intellectual capital and value creation in the Tunisian manufacturing companies. Procedia economics and finance, 23, 783-791.

Bontis, N., William, C. C. L., & Richardson, R. (2000). Intellectual capital and business performance in Malaysian industries. Journal of Intellectual Capital, 1(1), 85- 100.

Chen, et al. 2005. An empirical investigation of the relationship between intellectual capital and firm’s market value and financial performance. Journal of Intellectual Capital, Vol 6, Issue 2.

Cheng, C., Li, S., Zhao, W., Wei, Q., Nie, S., Sun, S., and Zhao, C, 2012, The Hydrodynamic Permeability and Surface Property of Polyethersulfone Ultrafiltration Membranes with Mussel-Inspired Polydopamine Coatings, Journal of Membrane Science, s 417 – 418 : 228 – 236.

Ernawati dan Widyawati , 2015. Pengaruh Profitabilitas, Leverage dan Ukuran Perusahaan Terhadap Nilai Perusahaan. Jurnal Ilmu & Riset Akuntansi Vol. 4 No. 4 (2015)

Fajarini, Indah & Riza Firmansyah. 2012. “Pengaruh Intellectual Capital Terhadap Kinerja Keuangan Perusahaan (Studi Empiris Perusahaan LQ 45)”. Jurnal Dinamika Akuntansi. Vol.4. No.1.

Ferraro, O., & Veltri, S. (2011). The Value Relevance of Intellectual Capital on the Firm’s Market Value: An Empirical Survey on the Italian Listed Firms. International Journal of Knowledge-Based Development, 2, 66–84.

Firer, S dan Williams, M. 2003. Intellectual Capital and Traditional Measures of Corporate Performance. Journal of Intellectual Capital. Vol. 4 No. 3, pp. 348- 360.

Heidarpoor, Farzaneh, and Malekpoor, Somayeh. 2012. Survey The Effective Factors on Tobin’s Index In Tehran Stock Exchange, World Applied Sciences Journal, 18 (4): 575-579.

Hong, C.,H., Lee, Y.,B.,Bae, J.,Y., Nam., B., U., Hwang, T., W., Performance of Polypropylene/Clay Nanocomposit for Automotive Parts Applications, J. Ind. Eng. Chem., 2005, 76-82.

Idah Zuhroh,(2019),“The Effects of Liquidity, FirmSize, and Profitability on the Firm Value with Mediating Leverage” in The 2nd International Conference on Islamic Economics, Business, and Philanthropy (ICIEBP)

Jogiyanto. (2000). Teori Portofolio dan Analisis Investasi. Edisi Kedua, BPFE UGM,Yogyakarta.

Khumairoh et al (2015). Pengaruh Leverage, Profitabilitas, dan Ukuran Perusahaan Terhadap Nilai Perusahaan. ISSN 2460-0784

Khlif, Hichem, Achraf Guidara, Mohsen Souissi, 2015. Corporate Social and Environmental Disclosure and Corporate Performance Evidence From South Africa and Morocco, Journal of Accounting in Emerging Economies, 5 (1): 51-69.

Li, Y., & Zhao, Z. (2018). The dynamic impact of intellectual capital on firm value: evidence from China. Applied Economics Letters, 25(1), 19-23.

Mehralian, G., Rasekh, H. R., Akhavan, P., & Sadeh, M. R. (2012). The Impact of Intellectual Capital Efficiency on Market Value: An Empirical Study from Iranian Pharmaceutical Companies. Iranian Journal of Pharmaceutical Research, 11, 195–207.

Mhedhbi, I. (2013). Identifying The Relationship Between Intellectual Capital And Value Creation Of The Company Using Structural Equations Analysis-The Case Of Tunisia. Journal of Business Studies Quarterly, 5(2), 216.

Morris, R. D. (1987). Signaling, Agency Theory and Accounting Policy Choice, Accounting and Business Research, Vol. 18, No. 69, pp 47- 56

Nabavand, Behrooz, and Rezaei, Javad and. 2015. Review Between Tobin’s Q With Performance Evaluation Scale Based Accounting and Marketing Information In Accepted Companies In Tehran Stock Exchange, Journal of Applied Environmental and Biological Sciences, 4(5S);138-146.

Nawaiseh, Musa Abdel Latif Ibrahim al. 2017. The Impact of the Financial Performance on Firm Value: Evidence from Developing Countries, International Journal of Applied Business and Economic Research, 15(16): 241-253

Petty, R. and Guthrie, J. 2000. Intellectual Capital Literature Review:Measurement, Reporting and Management. Journal of Intellectual Capital, 1 (2): 155- 176.

Rompas, Gisela Prisilia.2013. Likuiditas Solvabilitas dan Rentabilitas terhadap Nilai Perusahaan BUMN yang terdaftar BEI. Jurnal EMBA 253Vol.1 No.3 September 2013

Sawarjuwono, Tciptohadi, Agustine Prihatin K. 2003. “Intellectual Capital : Perlakuan, Pengukuran dan Pelaporan”. Jurnal Akuntansi dan Keuangan Vol. 5, No. 1.

Seftianne dan Handayani. 2011. Faktor – Faktor yang Mempengaruhi Struktur Modal pada Perusahaan Publik Sektor Manufaktur. Jurnal Bisnis dan Akuntansi, Volume 13, No. 1, April 2011, Halaman 39 - 56.

Setiadharma, S., & Machali, M. (2017). The effect of asset structure and firm size on firm value with capital structure as intervening variable. Journal of Business & Financial Affairs, 6(4), 1-5.

Shiri, M. M., Mousavi, K., Pourreza, A., & Ahmadi, S. (2012). The effect of intellectual capital on market value added. Journal of Basic and Applied Scientific Research, 2(7), 7214-7226.

Spence, Michael. (1973) “Job Market Signaling”. The Quarterly Journal of Economics, 87,( 3) (Aug., 1973), pp. 355-374. The MIT Press.)

Sudibya dan Restuti. Juni 2014. Pengaruh Modal Intelektual Terhadap Nilai Perusahaan Dengan Kinerja Keuangan Sebagai Variabel Intervening. Volume 18 – Nomor 1, hal 14-29.

Sujoko dan Ugy Soebiantoro. 2007. Pengaruh Struktur Kepemilikan Saham, Leverage, Faktor Interen dan Faktor Eksteren terhadap Nilai Perusahan. Jurnal Manajemen dan Kewirausahaan. Vol 9, No. 1.

Tanideh, S. (2013). Relationship between innovation capital and intellectual capital with value and financial performance. Life Science Journal, 10, 251–254.

Tisna, G., & Agustami, S. 2016. Pengaruh Good Corporate Governance Dan Ukuran Perusahaan Terhadap Kinerja Keuangan Perusahaan (Pada Perusahaan Perbankan Yang Terdaftar Di Bursa Efek Indonesia (Bei) Tahun 2010-2014). Jurnal Riset Akuntansi Dan Keuangan, 4(2), 1035–1046.

Ulum, Ihyaul. 2008. “Intellectual Capital Performance Sektor Perbankan di Indonesia”. Jurnal Akuntansi dan Keuangan, Vol. 10, No. 2. Universitas Muhammadiyah Malang.

Veronica, Sylvia, dan Siddharta Utama. 2005. Pengaruh Struktur Kepemilikan, Ukuran Perusahaan, dan Praktek Corporate Governance terhadap Pengelolaan Laba (Earnings Management). Artikel yang Dipresentasikan pada Simposium Nasional Akuntansi 8 Solo.

Yusuf dan P. Sawitri. (2009). “Modal Intelektual dan Market Performance Perusahaan-Perusahaan yang Terdaftar di Bursa Efek Indonesia”. Proceeding PESAT (Psikologi, Ekonomi, Sastra, Arsitektur & Sipil) Universitas Gunadarma, Depok, 49-55.

Zuhroh, I. (2019). The Effects of Liquidity, Firm Size, and Profitability on the Firm Value with Mediating Leverage. KnE Social Sciences, 203-230.




DOI: http://dx.doi.org/10.29040/jap.v20i1.574

Refbacks

  • There are currently no refbacks.


Jurnal Akuntansi dan Pajak, ISSN 1412-629X l E-ISSN 2579-3055

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.
web analytics