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PENGARUH INTELLECTUAL CAPITAL DAN CORPORATE GOVERNANCE PADA NILAI PERUSAHAAN SEKTOR PROPERTI YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2016-2020 (Studi Empiris pada Perusahaan Subsektor Properti, Real Estate, dan Konstruksi Bangunan di Bursa Efek Indonesia Periode Januari 2016-Juni 2020) RUSTANDI, HERMAN
Robust: Research of Business and Economics Studies Vol. 5 No. 1 (2025): April 2025
Publisher : IAIN Kendari

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Abstract

Tujuan penelitian ini untuk mengukur dan mengetahui pengaruh intellectual capital dan corporate governance pada nilai perusahaan sektor properti yang terdaftar di Bursa Efek Indonesia periode 2016-2020. Variabel eksogen pertama intellectual capital meliputi indikator customer capital (VACA), human capital (VAHU) dan structural capital (STVA). Intellectual capital diukur dengan menggunakan model Pulic yaitu value added intellectual coefficients (VAIC). Variabel eksogen kedua corporate governance diukur dengan lima indikator, meliputi: ukuran dewan komisaris (UDK), ukuran dewan direksi (UDD), kepemilikan saham manajerial (MNJR), kepemilikan saham institusional (INST), dan proporsi dewan komisaris independent (PKI). Variabel endogen meliputi nilai perusahan diukur dengan price to book value. Sumber data diperoleh dari website resmi bursa efek Indonesia, yaitu www.idx.co.id. Populasi pada penelitian ini sebanyak 83 perusahaan dan sampel penelitian sebanyak 11 perusahaan yang terdiri dari perusahaan subsektor properti, real estate dan konstruksi bangunan. Teknik pengambilan sampel menggunakan teknik purposive sampling yang ada pada non probability sampling. Model analisis data yang digunakan adalah structural equation modelling partial least square (SEM-PLS). Hasil penelitian menunjukan bahwa intellectual capital berpengaruh negatif dan signifikan terhadap nilai perusahaan, corporate governance berpengaruh negatif dan signifikan terhadap nilai perusahaan serta intellectual capital dan corporate governance berpengaruh positif dan signifikan terhadap nilai perusahaan
THE EFFECT OF CORPORATE GOVERNANCE ON THE VALUE OF PROPERTY SECTOR COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE FOR THE PERIOD 2016-2020 Rustandi, Herman; Rasiman; Juliansah, Irvan; Kismanah, Imas
INOVATOR Vol 15 No 1 (2026): MARET
Publisher : prodima@fe.uika-bogor.ac.id

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32832/inovator.v15i1.23223

Abstract

The purpose of this study is to investigate the influence of corporate governance on the value of property sector companies listed on the Indonesia Stock Exchange for the period 2016-2020. Exogenous variables including corporate governance are measured by five indicators, including: the size of the board of commissioners, the size of the board of directors, the ownership of managerial shares, the ownership of institutional shares, and the proportion of the independent board of commissioners. Endogenous variables include company value measured by price to book value. The data source is obtained from the official website of the Indonesian stock exchange, namely www.idx.co.id. The population in this study was 83 companies and the research sample was 11 companies consisting of companies in the property, real estate and building construction subsectors. The sampling technique uses the purposive sampling technique that exists in non-probability sampling. The data analysis technique used is structural equation modelling partial least square (SEM-PLS). The results of the study show that corporate governance has a negative and significant effect on the Company's value.