Pengaruh Intellectual Capital, Keputusan Investasi Dan Struktur Modal Terhadap Nilai Perusahaan (Studi pada Perusahaan Sektor Perbankan Berstatus BUMN yang Terdaftar di BEI Periode 2018–2025)

Ana Nurfadillah Eka Mulya (Program Studi Akuntansi, Fakultas Ekonomi dan Bisnis, Universitas Pamulang)
Khuzaeni . (Program Studi Akuntansi, Fakultas Ekonomi dan Bisnis, Universitas Pamulang)

JAKBS
Vol. 4 No. 2 (2026): Juli - September

This study aims to determine the effect of Intellectual Capital, Investment Decisions, and Capital Structure on Firm Value. Intellectual Capital was measured using VAIC, Investment Decisions using PER, Capital Structure using DER, and Firm Value using PBV. The population consisted of state-owned banking sector companies listed on the Indonesia Stock Exchange for 2018-2025, with a sample of 5 companies obtained through Total Sampling, resulting in 40 data. The data used is secondary data with a quantitative method, analyzed using panel data regression through Eviews-13 software. The results show that (1) Intellectual Capital, Investment Decisions, and Capital Structure simultaneously have a significant effect on Firm Value, (2) Intellectual Capital has a negative and significant effect on Firm Value, (3) Investment Decisions have no effect on Firm Value, and (4) Capital Structure has no effect on Firm Value.