Influence Of Working Capital And Intellectual Capital On Firm Value With Gcg As Moderating Variable
Keywords:
Firm Value, good corporate governance, Intellectual capital, Working CapitalAbstract
The purpose of this study was to determine the effect of Working Capital and Intellectual Capital on Firm Value with Good Corporate Governance as a moderating variable. The population used in this study are energy companies that are listed on the Indonesia Stock Exchange 2018 – 2022. The sampling method is a purposive sampling technique with data processing using Eviews 12 software. The result showed that Working Capital has a positive effect on Firm Value. Intellectual Capital has a negative effect on Firm Value. Working Capital and Intellectual Capital simultaneously has a positive impact on Firm Value. Good Corporate Governance can mediate Working Capital to Firm Value. Good Corporate Governance can mediate Intellectual Capital to Firm Value.
References
Ghozali, I. (2020). 25 Grand Theory: 25 Teori Besar Ilmu Manajemen, Akuntansi, dan Bisnis (Untuk Landasan Teori Skripsi, Tesis, dan Disertasi). Yoga Pratama
Hermanto & Aryani, E. (2021). Effect of Working Capital, Debt Policy, and Firm Size on Firm Value with Profitability as an Intervening Variable. Enrichment: Journal of Management (Vol. 12, Issue 1)
Marda. (2019). Pengaruh Modal Kerja terhadap Profitabilitas pada PT. Astra International Tbk di Bursa Efek Indonesia. https://eprints.unm.ac.id/id/eprint/14061
Prakasa. (2022). The Influence of Intellectual Capital on Firm Value with Financial Performance as a Moderating Variable. Jurnal Ekonomi, 11(02)
Puspita, G., & Wahyudi, T. (2021). Modal intelektual (intellectual capital) dan Nilai Perusahaan pada Industri Manufaktur. Owner: Riset & Jurnal Akuntansi. https:doi.org/10.33395/owner.v5i2.416
Putra, I.G.C., Manuari, I.A.R., & Puspayanti, N.K.D. (2022). Pengaruh Corporate Governance terhadap Profitabilitas dan Nilai Perusahaan Manufaktur yang Terdftar di Bursa Efek Indonesia (BEI). WACANA EKONOMI (Jurnal Ekonomi, Bisnis dan Akuntansi), 21(1), 105-118. https://doi.org/10.22225/we.21.1.2022.105-118
Putri, S.C., Murhadi, W.R., & Utami., M. (2019). Pengaruh Working Capital terhadap Firm Value pada Perusahaan Sektor Non-Keuangan yang Terdaftar dalam Bursa Efek Indonesia Periode 2012-2016.
Putri, A.S., & Miftah, D. (2021). Pengaruh Intellectual Capital, Leverage, Profitabilitas, dan Likuiditas terhadap Nilai Perusahaan. https://doi.org/10.31258/jc.2.2.259-277
Riyanto, Bambang. (2010). Dasar-dasar Pembelanjaan Perusahaan. Edisi Keempat. BPFE-Yogyakarta
Tanapuan, E. Y., Rinofah, R., & Maulida, A., (2022). Analisis Pengaruh Profitabilitas dan Likuiditas Terhadap Nilai Perusahaan pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia (Vol. 3, Issue 3). Oktober-Januari. http://bisnisman.nusaputra.ac.id
Tristani, D.F., & Istikhoroh, S. (2021). Pengaruh Intellectual Capital terhadap Nilai Perusahaan melalui Good Corporate Governance sebagai Variabel Moderasi. Journal of Sustainability Business Research (Vol.2)
Wibowo & Fitria. (2023). Pengaruh Manajemen Modal Kerja Terhadap Profitabilitas dengan Komisaris Independen sebagai Variabel Moderasi. Jurnal Ilmu dan Riset Akuntansi.
Wulandari, A., & Purbawati, D. (2021). The influence of Intellectual Capital on Firm Value through Financial Performance as an Intervening Variable (Study on Pharmareutical Sub-Sector Companies Listed on the Indonesian Stock Exchange 2016-2018). Jurnal Ilmu Administrasi Bisnis, 10(1), 793-802.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Irma Paramita Sofia
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
