Structural Models in Intellectual Capital, Capital Structure, Ownership Structure, Firm Size, Profitability, and Firm Value in Manufacturing Companies

Ulum, Achmad Saiful (2021) Structural Models in Intellectual Capital, Capital Structure, Ownership Structure, Firm Size, Profitability, and Firm Value in Manufacturing Companies. IAR Journal of Business Management, 2 (6). pp. 40-46. ISSN 2708-5139

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Abstract

The purpose of this study is to determine the structural model of intellectual capital, capital structure, ownership structure, firm size, profitability, and manufacturing firm value. The sample used is manufacturing companies listed on the Indonesia Stock Exchange. The period 2017 - 2019. The sampling in this study uses purposive sampling, which is based on criteria that include manufacturing companies recorded during the 2017-2019 period, manufacturing companies using rupiah currency, manufacturing companies that report periodic financial reports. The data analysis technique used is the Structural Equation Model - Partial Least Square (SEM-PLS), while the mediation test uses the Variance Accounted For (VAF) method. The results of this study indicate that the inner model analysis contains 10 hypotheses from 13 accepted hypotheses. Profitability, intellectual capital, capital structure, ownership structure, firm size, have a significant positive effect on firm value, while intellectual capital, capital structure, ownership structure, firm size have a significant positive effect on profitability. Profitability can mediate Intellectual Capital to Firm Value, and Profitability Mediation Firm Size to Firm Value. However, the novelty in this study shows that profitability cannot mediate capital structure on firm value and profitability cannot mediate ownership structure on firm value. Kaey's words: Profitability, Firm Value, Manufacturing Company

Item Type: Article
Subjects: 600 - TECHNOLOGY > 650 - 659 MANAGEMENT & PUBLIC RELATIONS > 658 - GENERAL MANAGEMENT > 658.15 - FINANCIAL MANAGEMENT
Divisions: Lecturer
Depositing User: Achmad Saiful Ulum
Date Deposited: 01 Aug 2022 04:21
Last Modified: 16 Feb 2023 04:10
URI: http://eprints.perbanas.ac.id/id/eprint/9495

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