The Influence of Green Intellectual Capital and Liquidity on Firm Value with Firm Size as a Moderating Variable (An Empirical Study of Industrial Companies Listed on the Indonesia Stock Exchange, 2021–2024)

Gracesiela Yosephine Simanjuntak (Universitas Methodist Indonesia)
Lamria Sagala (Universitas Methodist Indonesia)

Jurnal Ilmiah Accusi
Vol. 8 No. 1 (2026): Jurnal Ilmiah Accusi

This study aims to examine the effect of Green Intellectual Capital and Liquidity on Firm Value, with Firm Size as a moderating variable. This study employs a quantitative research approach using secondary data in the form of financial statements and sustainability reports obtained from the official website of the Indonesia Stock Exchange (IDX) and the official websites of the respective companies. The population consists of Industrials companies listed on the Indonesia Stock Exchange (IDX) during the 2021–2024 period. The sample was selected using purposive sampling, resulting in 224 observations from 56 companies over a four-year period. The results show that Green Intellectual Capital has no effect on Firm Value, while Liquidity has a negative effect on Firm Value. Firm Size does not moderate the effect of Green Intellectual Capital on Firm Value; however, Firm Size strengthens the effect of Liquidity on Firm Value