Journal of Accounting and Finance Management (JAFM)
Vol. 6 No. 4 (2025): Journal of Accounting and Finance Management (September - October 2025)

The Influence of Intellectual Capital, Good Corporate Governance, Funding Decisions and Investment Decisions on Firm Value Mediated by Profitability as an Intervening Variable in LQ45 Companies for the 2020–2024 Period

Adhan, Ahmad (Unknown)
Suryani, Arna (Unknown)
Akbar, Ali (Unknown)



Article Info

Publish Date
20 Sep 2025

Abstract

This study aims to analyze the influence of intellectual capital, good corporate governance, funding decisions, and investment decisions on firm value, with profitability as an intervening variable, in LQ45 companies during the 2020–2024 period. The sampling method used in this research is purposive sampling, in which 26 companies listed in the LQ45 index were selected as the research sample. The secondary data were obtained from annual financial reports. The results of this study indicate that intellectual capital has a significant effect on profitability; good corporate governance has a significant effect on profitability; funding decisions have a significant effect on profitability; investment decisions have a significant effect on profitability; intellectual capital has a significant effect on firm value; good corporate governance has a significant effect on firm value; funding decisions have a significant effect on firm value; investment decisions have a significant effect on firm value; profitability does not have a significant effect on firm value; intellectual capital through profitability does not have a significant effect on firm value; good corporate governance through profitability does not have a significant effect on firm value; funding decisions through profitability have a significant effect on firm value; and investment decisions through profitability have a significant effect on firm value.

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Journal Info

Abbrev

JAFM

Publisher

Subject

Economics, Econometrics & Finance

Description

Journal of Accounting and Finance Management (JAFM) is a peer-reviewed journal published by Dinasti Research, Dinasti Foundation, Indonesia six times a year. JAFM aims to publish articles in the fields of accounting, finance, and management that make a significant contribution to the development of ...