THE INTELLECTUAL CAPITAL ON COMPANY GROWTH AND COMPANY VALUE WITH FINANCIAL PERFORMANCE AS AN INTERVENING VARIABLE IN THE AUTOMOTIVE INDUSTRY

Authors

  • Sri Utami Ady Universitas Dr. Soetomo, Indonesia
  • Miftha Choirul Akbar Universitas Dr. Soetomo, Indonesia

DOI:

https://doi.org/10.29040/ijebar.v7i4.10970

Abstract

This study aims to determine the effect of Intellectual Capital with Financial Performance as an intervening variable on Company Growth and Company Value of the Automotive and Components Sub-sectors listed on the IDX. The population was 13 companies, and the sample was six with a purposive sampling technique. Analysis tools using Sem-PLS. The results showed that VAIC significantly influenced the company's financial performance. VAIC does not influence company growth. VAIC has a significant effect on firm value. The company's financial performance can mediate between VAIC and Company Growth with the status of the mediating result of Indirect-Only (complete mediation) significant and direct effects not substantial.

Author Biographies

Sri Utami Ady, Universitas Dr. Soetomo

Fakultas Ekonomi dan Bisnis

Miftha Choirul Akbar, Universitas Dr. Soetomo

Fakultas Ekonomi dan Bisnis

References

Abdillah, W., & Jogiyanto, H. (2015). Partial Least Square (PLS) Alternatif Structural Equation Modeling (SEM) dalam Penelitian Bisnis. In book. C.V Andi Offset.

Aminda, R. S., Timur, B., Purnahayu, I., Yulia, E., & Maftukha, M. (2022). Determinants of Firm Value with Financial Performance as Moderating Variable. Jurnal Minds: Manajemen Ide Dan Inspirasi, 9(1), 35–52.

Carolina, V., Debbianita, & Natalia, M. (2023). Influence of Intellectual Capital on Company Growth With Company Performance As Intervening Variables. Kinerja, 22(2), 81–90. https://doi.org/10.24002/kinerja.v23i2.2023

Dewi, N. A. C., & Isynuwardhana, D. (2014). Intelectual Capital terhadap Nilai Perusahaan dengan Kinerja Keuangan Sebagai Variabel Intervening. Jurnal Keuangan Dan Perbankan, 18(2), 233–248. https://jurnal.unmer.ac.id/index.php/jkdp/article/view/799/451

Fahmi, I. (2014). Manajemen Keuangan Perusahaan dan Pasar Modal (1st ed.). Mitra Wacana Media.

Freeman, R. E., & Reed, D. L. (1983). Stockholders and Stakeholders: A New Perspective on Corporate Governance. California Management Review, 3(2), 88–106. http://ejournalfia.ub.ac.id/index.php/profit/article/view/630%0Ahttps://teorionline.wordpress.com/2010/03/15/variabel-intervening-intervening-variable/

Gani, P. (2022). Pengaruh Intellectual Capital Terhadap Kinerja Keuangan dan Nilai Perusahaan (Studi Pada Perusahaan Makanan dan Minuman Yang Terdaftar di BEI). Owner, 6(1), 518–529.

Gozali, A., & Hatane, S. E. (2014). Pengaruh Intellectual Capital Terhadap Kinerja Keuangan Dan Nilai Perusahaan Khususnya Di Industri Keuangan Dan Industri Pertambangan Yang Terdaftar Di Bursa Efek Indonesia Tahun 2008 – 2012. Business Accounting Review, 2(2), 208–217. http://publication.petra.ac.id/index.php/akuntansi-bisnis/article/view/2401

Khusnah, H., & Anugraini, M. (2021). Mediation Effect of Financial Performance on The Influence of Intellectual Capital on Firm Value. Jurnal Ilmiah Akuntansi Dan Keuangan, 10(2), 106–114. https://doi.org/10.32639/jiak.v10i2.743

Kuryanto, B., & Syafruddin, M. (n.d.). Pengaruh modal intelektual terhadap kinerja perusahaan. Ekonomi, 1–30.

Kusumo, B. P. (n.d.). Studi Empiris Pengaruh Modal Intellectual Terhadap Kinerja dan Nilai Pasar Pada Perusahaan Yang Terdaftar Di Bursa Efek Indonesia ( BEI. Ekonomika Dan Bisnis.

Marfuah, & Ulfa, M. (n.d.). Pengaruh Intellectual Capital Terhadap Profitabilitas. Ekbisi, IX(1), 1–14.

Marpaung, P., Br Bukit, R., & Absah, Y. (2023). The Impact of Intellectual Capital on Firm Value and Financial Performance as Intervening Variables in Manufacturing Companies in the Basic and Chemical Industrial Sectors on Indonesia Stock Exchange Year 2012-2020. International Journal of Economic, Business, Accounting, Agriculture Management and Sharia Administration (IJEBAS), 3(1), 44–54.

Nurhayati, E., & Uzliawati, L. (2017). Intellectual Capital Disclosure Based Stakeholders Pada Perbankan Indonesia. Jurnal Akuntansi, 21(3), 484–496. https://doi.org/10.24912/ja.v21i3.253

Oktavia, M. C., & Daljono. (2014). Pengaruh Intellectual Capital terhadap Kinerja Keuangan, Pertumbuhan, dan Nilai Pasar Perusahaan. Diponegoro Journal of Accounting, 3(3), 1–15. https://ejournal3.undip.ac.id/index.php/accounting/article/view/6200

Pulic, A. (1998). Measuring the performance of intellectual potential in the knowledge economy. The 2nd" World Congress on the Management of Intellectual Capital", 1–20.

Saputra, R., Efni, Y., & Savitri, E. (2018). Pengaruh intellectual capital terhadap kinerja keuangan pertumbuhan perusahaan dan nilai pasar pada perusahaan property dan real estate yang terdaftar di Bursa Efek Indonesia. Jurnal Tepak Manajemen Bisnis Universitas Riau, 10(2), 385–407.

Solikhah, B. (2010). Implikasi Intellectual Capital Terhadap Financial Growth Dan Market Value. 1–29. http://lib.ibs.ac.id/materi/Prosiding/SNA XIII (simposium nasional akuntansi XIII) Unsud/makalah/AKPM_50.pdf

Sudana, I. M. (n.d.). Manajemen Keuangan Perusahaan Teori & Praktik. In Edisi Kedua : Erlangga.

Suryanto. (2017). Kajian Empiris: Pengaruh Modal Intelektual terhadap Pertumbuhan Perusahaan di INdonesia. Transparansi, Jurnal Ilmiah Ilmu Administrasi, 9(1), 1–11. https://ejournal.poltektegal.ac.id/index.php/siklus/article/view/298%0Ahttp://repositorio.unan.edu.ni/2986/1/5624.pdf%0Ahttp://dx.doi.org/10.1016/j.jana.2015.10.005%0Ahttp://www.biomedcentral.com/1471-2458/12/58%0Ahttp://ovidsp.ovid.com/ovidweb.cgi?T=JS&P

Zhao, X., Lynch, J. G., & Chen, Q. (2010). Reconsidering Baron and Kenny: Myths and truths about mediation analysis. Journal of Consumer Research, 37(2), 197–206. https://doi.org/10.1086/651257

Downloads

Published

2023-12-06

How to Cite

Ady, S. U., & Akbar, M. C. (2023). THE INTELLECTUAL CAPITAL ON COMPANY GROWTH AND COMPANY VALUE WITH FINANCIAL PERFORMANCE AS AN INTERVENING VARIABLE IN THE AUTOMOTIVE INDUSTRY. International Journal of Economics, Business and Accounting Research (IJEBAR), 7(4), 1299–1309. https://doi.org/10.29040/ijebar.v7i4.10970

Issue

Vol. 7 No. 4 (2023): IJEBAR, Vol. 7 Issue 4, December 2023

Section

Articles

Citation Check

License

Authors who publish with IJEBAR agree to the following terms: Authors retain copyright and grant the IJEBAR right of first publication with the work simultaneously licensed under a Creative Commons Attribution License (CC BY-SA 4.0) that allows others to share (copy and redistribute the material in any medium or format) and adapt (remix, transform, and build upon the material) the work for any purpose, even commercially with an acknowledgement of the work's authorship and initial publication in IJEBAR. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in IJEBAR. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).