Determinants of Firm Value with Financial Performance as Moderating Variable

Renea Shinta Aminda (Ibn Khaldun University)
Bintang Timur (Universitas Ibn Khaldun)
Indu Purnahayu (Universitas Ibn Khaldun)
Eka Yulia (UPN Veteran Jakarta)
Maidatun Maftukha (UPN Veteran Jakarta)

Jurnal Minds: Manajemen Ide dan Inspirasi
Vol 9 No 1 (2022): June

Intellectual capital, measured by VACA, VAHU, STVA, is several factors that influence fluctuations in firm value. This study uses a moderating variable with the ROA ratio to determine whether intellectual capital plays a significant role in increasing firm value. Data analysis used quantitative descriptive methods with Eviews 10 on Property and Real Estate sectors listed on the Indonesia Stock Exchange in 2017-2019. The results showed the importance of the role of Intellectual VACA, VAHU, STVA simultaneously having a significant effect on Firm Value (PBV) and Company Performance (ROA) but failed to moderate VAHU, STVA, and VACA in 16 companies.