This study aims to determine the effect of financial performance, on the value of the company with disclosure of sustainability report as a mediating variable. The population in this study are companies listed on the Indonesia Stock Exchange and consistently included in the SRI-KEHATI Index from 2012-2016 as many as 19 companies. The selection of samples using purposive sampling method and the sample used in this study amounted to 14 companies for 5 years. The method of analysis uses multiple regression. The results showed that profitability and liquidity as a measure of the company's financial performance did not affect the disclosure of sustainability bother while the solvency had an effect on disclosure of sustainability bother. Profitability and solvency affect the value of the company, but liquidity and sustainability report disclosure do not affect the value of the company. This study also shows that sustainability report disclosure cannot mediate the effect of financial performance on firm value.
Penelitian ini bertujuan untuk menganalisis pengaruh modal intelektual (IC), biaya promosi, dan perputaran persediaan (ITO) terhadap profit (ROA) serta implikasinya terhadap nilai perusahaan (PER). Populasi pada penelitian ini adalah perusahaan pada Sektor Industri Manufaktur Barang Konsumsi yang terdaftar di Bursa Efek Indonesia periode tahun 2012 sampai dengan tahun 2016 dengan jumlah 42 perusahaan. Pemilihan sampel dilakukan dengan menggunakan metode purposive sampling dan sampel yang digunakan dalam penelitian ini berjumlah 18 perusahaan. Jenis penelitian yang digunakan dalam penelitian ini adalah explanatory research tipe kausal yang berupaya menguji pengaruh antar variabel dalam sebuah model struktural.Hasil penelitian menunjukkan bahwa modal intelektual berpengaruh terhadap profit perusahaan tetapi tidak berpengaruh terhadap nilai perusahaan. Biaya promosi tidak berpengaruh terhadap profit dan nilai perusahaan. Perputaran persediaan tidak berpengaruh terhadap profit tetapi berpengaruh terhadap nilai perusahaan. Kata Kunci: Modal Intelektual, Biaya Promosi, Perputaran Persediaan, Profit, Nilai Perusahaan
Penelitian ini bertujuan untuk menguji peran modal intelektual dalam memoderasi risiko investasi dan struktur modal terhadap nilai perusahaan. Modal Intelektual diukur dengan value added intellectual capital coefficient (VAIC), Risiko investasi diukur menggunakan standar deviasi (SD) dan struktur modal diukur dengan menggunakan debt to equity ratio (DER) dan nilai perusahaan diukur menggunakan price to book value (PBV). Populasi dalam penelitian ini adalah perusahaan manufaktur.Tbk yang terdaftar di Bursa Efek Indonesia (BEI) periode 2017-2018 sub sektor makanan dan minuman. Sampel penelitian berjumlah 12 perusahaan. Metode sampel menggunakan purposive sampling. Hasil penelitian menunjukkan bahwa R Square sebelum adanya moderasi peran modal intelektual, struktur modal dan resiko investasi terhadap nilai perusahaan memberikan masukan sebesar 24,6% dan pada saat modal intelektual memoderasi struktur modal terhadap nilai perusahaan dan resiko bisnis terhadap nilai perusahaan R square sebesar 25,8 %. Hasil penelitian model tanpa moderasi menunjukkan bahwa modal intelektual berpengaruh positif signifikan sebesar 25 %, resiko investasi berpengaruh negative signifikan sebesar -1,063 dan struktur modal berpengaruh negative tidak signifika sebesar -2,121 terhadap nilai perusahaan. Peran modal intelektual dalam memoderasi resiko invesatasi dengan nilai perusahaan berpengaruh positif tidak signifikan sebesar 40,1 % dan antara struktur modal dengan nilai perusahaan berpengaruh negative dan tidak signifikan sebesar -52,7 %.
This study aims to analyze the effect of intellectual capital (VAHU), working capital (working capital turnover / WCT), and leverage (DER) in influencing profitability (ROE) in relation to company value (PBV). The population in this study are companies in the mining, plantation, and consumer goods manufacturing industries listed on the Indonesia Stock Exchange from 2014 to 2018 with a total of 40 companies. The sample selection is done using the purposive sampling method and the samples used in this study were 14 companies. This type of research used in this study is a causal type of explanatory research that seeks to test the influence of variables in a structural model. The results showed that: 1). Intellectual capital affects the profitability and value of the company, 2). Working capital turnover does not affect the profitability and value of the company, 3). Time affects the profitability and value of the company, 4). Profitability affects the value of the company.
The research purposes to analyze the influence of business intelligence and intellectual capital on firm value, and also the role of real earnings management as moderated variable. This research used annual report as secondary data. The number of beginning samples were 420 manufacturing firms. The final samples were 284 samples had a positive cash flow, because this study did not use samples with negative cash flow. This research uses moderated multiple regression and treat real earnings management as pure moderated variables. The results showed that business intelligence and intellectual capital had positive effects on firm value. Moreover, real earnings management significantly moderated the relationship between business intelligence, intellectual capital and firm value. The implication of the research showed that the company must give attention to business intelligence, intellectual capital and real earnings management. All independent variables can explain 86% of the variation in firms value.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.