Effect of Intellectual Capital, Capital Structure and Managerial Ownership Toward Firm Value of Manufacturing Sector Companies Listed in Indonesia Stock Exchange (Idx) Period 2010-2014

Hamidah, Hamidah; Ahmad, Gatot Nazir; Aulia, Rahma

doi:10.21009/jrmsi.006.2.04

Cited by 9 publications

(17 citation statements)

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“…The results of this study are supported by research conducted (Hamidah et al, 2015). However, this research contradicts the research results (Lesmana & Musdholifah, 2019) and (Situmeang & Wiagustini, 2018).…”

Section: Hedging Decisions Have No Effect On the Company's Valuesupporting

confidence: 46%

“…The company value is the investor's perception of how successful a company is in managing its resources, reflected in its share price (Hamidah et al, 2015). The average value of nonfinancial companies conducting international trades listed on the Indonesia Stock Exchange in 2017-2018 in the first quarter of 2017 was measured by a PBV of 2,284, in the first quarter of 2018 of 1,973.…”

Section: Introductionmentioning

confidence: 99%

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Effect of Leverage and Firm Size on Company Value With Exchange Rate and Hedging Decision as Moderation Variable (Case Study on Non-Financial Companies Listed on Indonesia Stock Exchange Period 2017-2018)

Siswanto

Promalessy

Fitri

2021

IJEBA

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In general, the value of a company is a description of the condition of the company, whether it is in good condition or not. In this research, exchange rates and hedging are moderating variables for various variables that affect company value, namely leverage and firm size variables. The purpose of this research is to determine the effect of each variable on firm value in non-financial companies on the Indonesia Stock Exchange in 2017-2018. The sampling technique used was purposive sampling with the amount of 285 companies. The research hypothesis was tested by using the Structural Equation Model (SEM) approach based on Partial Least Square (PLS). The results show that the exchange rate can moderate the leverage and firm size on firm value, hedging cannot moderate the leverage but can moderate the firm size on firm value.

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Section: Hedging Decisions Have No Effect On the Company's Valuesupporting

confidence: 46%

Section: Introductionmentioning

confidence: 99%

Effect of Leverage and Firm Size on Company Value With Exchange Rate and Hedging Decision as Moderation Variable (Case Study on Non-Financial Companies Listed on Indonesia Stock Exchange Period 2017-2018)

Siswanto

Promalessy

Fitri

2021

IJEBA

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“…Sementara Solechan (2017) didalam penelitiannya menemukan bahwa VAHU berpengaruh negatif terhadap kinerja perusahaan. Lain halnya dengan hasil penelitian yang dilakukan Hamidah et al (2015), Maditinos et al (2011), Nuryaman (2015), dan Salman et al ( 2012) menemukan bahwa tidak terdapat pengaruh signifikan antara VAHU sebagai komponen VAIC terhadap kinerja perusahaan.…”

Section: Hubungan Antara Value Added Human Capital (Vahu) Dengan Kine...unclassified

“…Hal tersebut dikarenakan VACA merupakan nilai yang mencerminkan perusahaan dalam mengelola kedua jenis modal, modal fisik dan modal keuangan perusahaan. Beda halnya dengan penelitian yang dilakukan oleh Maditinos et al (2011) dan Hamidah et al (2015) yang menyatakan bahwa tidak ada pengaruh signifikan antara VACA dengan kinerja perusahaan.…”

Section: Hubungan Antara Value Added Capital Employed (Vaca) Dengan K...unclassified

Pengaruh Modal Intelektual terhadap Kinerja Perusahaan pada Perusahaan yang Terdaftar di Bursa Efek Indonesia

Virgandhie¹,

Rizkia²,

Rijanto³

et al. 2021

JEMP

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Penelitian ini bertujuan untuk menguji pengaruh modal intelektual terhadap kinerja perusahaan yang ber-dasarkan pada kinerja pasar yang diukur dengan Tobin’s Q. Penelitian terdahulu yang menghubungkan modal intelektual dan Tobin’s Q masih terbatas di Indonesia. Pada penelitian ini Intellectual Capital (IC) diukur dengan VAIC (Value Added Intellectual Capital) yang memiliki tiga komponen yaitu VACA (Value Added Capital Employed), VAHU (Value Added Human Capital), dan STVA (Structural Capital Value Added). Penelitian ini menggunakan sampel perusahaan non keuangan sejumlah 220 perusahaan yang terdaftar di BEI selama periode tahun 2012-2016. Hasil penelitian menunjukan bahwa VAIC dan komponen IC berupa VACA dan VAHU berpengaruh positif terhadap kinerja perusahaan, sementara kom-ponen IC lainnya berupa STVA berpengaruh negatif terhadap kinerja perusahaan. Temuan ini dapat men-jadi masukan yang berguna bagi manajemen untuk dapat mengelola modal intelektual yang dimiliki dengan efektif dan efisien agar perusahaan mampu menciptakan keunggulan kompetitif secara berkelanju-tan. Selanjutnya, pemangku kepentingan dapat melihat kualitas dari proses perusahaan dalam menciptakan nilai tambah dan keunggulan berkompetitif.

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“…Nilai perusahaan ini tercermin dari harga sahamnya. Harga saham merupakan salah satu indikator pengelolaan perusahaan sehingga keberhasilan dalam menghasilkan keuntungan akan memberikan kepuasan bagi investor yang rasional (Sambelay, Rate, & Baramuli, 2017) Menurut Hamidah, Ahmad, & Aulia (2015), Nilai perusahaan merupakan pandangan investor mengenai bagaimana kesuksesan suatu perusahaan dalam mengatur sumber daya perusahaan, yang digambarkan dari bentuk harga sahamnya. Sehingga harga saham dapat disebutkan sebagai suatu gambaran dari nilai perusahaan.…”

unclassified

Pengaruh struktur modal, etnis dewan komisaris dan kebijakan dividen dengan profitabilitas sebagai variabel kontrol terhadap nilai perusahaan

Rahma

Bawamenewi

2018

JKMB

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This study aims to determine the effect of capital structure, ethnic board of commissioners and dividend policy on Company Value in manufacturing companies listed on the Indonesia Stock Exchange. By taking secondary data that has been published in the 2015-2017 period. Population of 164 in manufacturing companies listed on the Indonesia Stock Exchange 2015-2017 and 112 samples of companies using purposive sampling with a total of 336 company annual data observations. The results of this study concluded that the Capital Structure and Ethnicity of the Board of Commissioners had no effect and were not significant to the Company's Value. Dividend Policy has a positive and significant effect on Company Value. Profitability has no effect and is not significant on Company Value. This means that with the capital structure, ethnic board of commissioners and dividend policy will encourage a more optimal level of supervision of the quality of the company. The company's objectives are achieved if the company's performance is able to optimize the company's value. Especially by better managing the dividend policy because it is considered capable of increasing the value of the company which has a direct impact on the company's sustainability in the future.Keywords: Institutional ownership; tax planning; foreign board of commissioners; leverage; the company value.

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Effect of Intellectual Capital, Capital Structure and Managerial Ownership Toward Firm Value of Manufacturing Sector Companies Listed in Indonesia Stock Exchange (Idx) Period 2010-2014

Cited by 9 publications

References 0 publications

Effect of Leverage and Firm Size on Company Value With Exchange Rate and Hedging Decision as Moderation Variable (Case Study on Non-Financial Companies Listed on Indonesia Stock Exchange Period 2017-2018)

Effect of Leverage and Firm Size on Company Value With Exchange Rate and Hedging Decision as Moderation Variable (Case Study on Non-Financial Companies Listed on Indonesia Stock Exchange Period 2017-2018)

Pengaruh Modal Intelektual terhadap Kinerja Perusahaan pada Perusahaan yang Terdaftar di Bursa Efek Indonesia

Pengaruh struktur modal, etnis dewan komisaris dan kebijakan dividen dengan profitabilitas sebagai variabel kontrol terhadap nilai perusahaan

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