Wahana: Jurnal Ekonomi, Manajemen dan Akuntansi
Vol 26, No 2 (2023)

Intelectual Capital, Tipe Kepemilikan dan Nilai Perusahaan

Surifah Surifah (Department of Accounting, Universitas Teknologi Yogyakarta)
Arina Hidayati (Department of Accounting, Universitas Teknologi Yogyakarta)
Suyanto Suyanto (Department of Accounting, Universitas Teknologi Yogyakarta)



Article Info

Publish Date
28 Aug 2023

Abstract

The purpose of this research is to provide empirical evidence of the effect of intellectual capital and ownership type on firm value. This research was conducted on consumer goods industry companies listed on the Indonesia Stock Exchange in 2017-2021. Samples were selected purposefully with certain criteria. The final sample of 190 observations The dependent variables are Tobin's Q and Price to Book Value. Independent variables consist of human capital, structural capital, customer capital, domestic ownership, foreign ownership, government ownership, and individual ownership. The control variable is leverage. Analysis was performed using panel data linear regression and processed with statistical software. The results show that customer capital and foreign ownership have a positive effect on firm value, both measured by PBV and Tobin's Q. Domestic ownership has a positive effect on Tobin's Q but has no effect on PBV. Leverage has a negative effect on PBV, but has no effect on Tobin's Q. Variable human capital, capital structure, government ownership, and individual ownership have no effect on firm value.

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Journal Info

Abbrev

wahana

Publisher

Subject

Economics, Econometrics & Finance

Description

Wahana merupakan Jurnal Ekonomi, Manajemen dan Akuntansi yang diterbitkan oleh Akademi Akuntansi Yayasan Keluarga Pahlawan Negara sebagai media untuk mengkaji berbagai fenomena atau permasalahan maupun hasil penelitian yang berhubungan dengan Ilmu Ekonomi, Manajemen dan Akuntansi dalam arti luas. ...