Mediation Effect of Financial Performance on The Influence of Intellectual Capital on Firm Value

Autor:	Mardiyah Anugraini, Hidayatul Khusnah
Rok vydání:	2021
Předmět:	Financial performance Enterprise value Mediation Business Classical economics Intellectual capital
Zdroj:	Jurnal Ilmiah Akuntansi dan Keuangan. 10:106-114
ISSN:	2580-510X 2548-9453
Popis:	This study aims to determine the mediating effect of financial performance on the effect of intellectual capital on firm value. This research was conducted at companies incorporated in LQ-45 listed on the Indonesian stock exchange. The sample of this research is the financial statements of companies incorporated in LQ-45 in the 2014-2019 period that publish financial statements continuously. Analysis of the data in this study using SEM-PLs using WarpPLs 6.0 software. The results of this study indicate that VACA, VAHU and STVA have a positive effect on firm value. In addition, this study also found that of the three intellectual capital proxies, only VACA and STVA had a positive effect on financial performance, while VAHU did not support the research hypothesis because it had a negative effect on financial performance. Further findings show that financial performance mediates the effect of VACA and STVA on firm value.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::58d41857bb569f196ea4559a5f801e61 https://doi.org/10.32639/jiak.v10i2.743 Zobrazit plný text záznamu