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Journal : Journal of International Conference Proceedings

The Effect of Profitability on Firm Value with Intellectual Capital as an Intervening Variable in Manufacturing Companies Listed on the Indonesia Stock Exchange Elly Lestari; Moeljadi Moeljadi; Sumiati Sumiati; Djumahir Djumahir
Journal of International Conference Proceedings (JICP) Vol 5, No 2 (2022): BEFIC Conference Proceeding
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v5i2.1722

Abstract

The “objective of this study is to investigate the effect of profitability on firm value with intellectual capital as an intervening variable in manufacturing companies listed on the Indonesia Stock Exchange. The population are manufacturing companies that have published Corporate Governance Reports until 2018. However, some companies do not publish regularly during the observation period from 2012 to 2018. This study uses population requirements, companies do not issue Corporate Governance Reports for a maximum of 1 year. In order to obtain a population of 14 companies, all of which were used as research samples (saturated samples) with 98 observations. The analysis method used path analysis. The results demonstrated that profitability has a direct effect on firm value and profitability has an indirect effect on firm value. Intellectual capital acts as a mediating variable in this relationship. The increase in intellectual capital has an impact on increasing the value of the company. In addition, profitability can improve company performance and corporate image internally and externally, thereby increasing investor confidence, and companies have the opportunity to increase intellectual capital. The increase in intellectual capital has an impact on increasing the value of the” company. Keywords: Profitability, Intellectual Capital, Firm Value
The Role of Relational Capital in the Relationship between Human Capital and Financial Performance Sumiati Sumiati; Risna Wijayanti; Hanifa Bennu Nur
Journal of International Conference Proceedings Vol 5, No 4 (2022): FEBIC International Conference Proceeding
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v5i4.1941

Abstract

The presence of increasingly fierce competition in the industrial era 4.0 necessitates companies having high and rapid innovation capabilities that can maintain and spur competitiveness. Human capital has been identified as a source of competitive advantage as well as a critical success factor in improving firm performance (Wright and McMahan, 1992; Hall, 1993; Pfeffer, 1994). However, human capital consists not only of the ability to share, combine, and transfer knowledge, but also of the ability to network with various related parties in order to form cross-functional teams. The goal of this research is to discover the relationship between human capital and firm financial performance as mediated by relational capital. The sample for this study consists of 80 manufacturing companies listed on the Indonesia Stock Exchange. Multiple regression analysis was used in this study as an analytical technique. Human capital has no effect on financial performance, and relational capital does not significantly mediate the relationship between human capital and financial performance, according to the findings. The insignificant effect of relational capital could be explained by the availability of information about the company's environment that has not been used optimally to build relational capital in order to improve company performance