Profitability Analysis and Asset Structure Against Company Value with Intellectual Capital as Moderation

Authors

  • Retno Fuji Oktaviani Universitas Budi Luhur, Jakarta

DOI:

https://doi.org/10.32493/eaj.v5i2.y2022.p1-7

Keywords:

firm value, profitability, asset structure, intellectual capital, moderating

Abstract

This study aims to analyse the effect of profitability and Asset Structure on the Value of Companies with Intellectual Capital as Moderation of Empirical Studies on Manufacturing Companies in the Food and Beverage Industry Sub-Sector Listed on the Indonesia Stock Exchange for the 2016-2020 Period. The total population are 32 companies, and the sampling technique with purposive sampling collected sample was 16 companies. This research used analysis multiple linear regression with moderation variable. Statistical software for calculated data is Rstusio. The results showed that profitability and asset structure proved to have an influence on firm value. Variable intellectual capital moderating has also been shown to have a moderate effect on profitability and asset structure on firm value.

References

Agustia, D., Asyik, NF & Midiantari, N. (2017). Intellectual Capital on Financial Performance and Sustainable Growth. Journal of Economics and Finance, 5(2), 158-178. DOI: 10.24034/j25485024.y2021.v5.i2.4744

Arfianto, M & Chabachib, M. (2016). Analysis of Factors Affecting Firm Value (Case Study on Companies Listed on the LQ-45 Index 2011-2014 Period). Diponegoro Journal of Management, 5 (1), 1-12. Accessed from: http://www.ejournal3.undip.ac.id

Budiaji, Weksi (2019). Implementation of Reproducible Research in RStudio with R Language and Knitr Package. Journal of Computer Science and Informatics, Vol. 5 No. 1, 1-5. DOI: https://doi.org/10.23917/khif.v5i1.7202

Budianto, Putra, Z., & Wahyuni, ES (2018). The Influence of Intellectual Capital and Profitability on Firm Value in State-Owned Enterprises in Indonesia. Accounting Research Journal of Sutaatmadja (Accruals). 2(2), 1-10. https://ojs.stiesa.ac.id/index.php/accruals/article/view/9/6

Dzahabiyya, J., Jhoansyah, D. & Danial, DM (2020). Analysis of Firm Value Using Tobin's Q Ratio Model. Dewantara's Journal of Accounting and Financial Research, 4 (1), 46-55.http://ejournal.stiedewantara.ac.id/

Indonesia stock exchange. (2021). Annual finance report. Accessed fromhttp://idx.co.id

Irawati, W. (2018). The Effect of Free Cash Flow, Size, and Growth with Profitability as Moderating Variable on Earning Response Coefficient in Property Sector. EAJ (Economic and Accounting Journal), 1(1), 76-86.

Irawati, W., Sugiyanto, & Nadi, L. (2019). Intellectual Capital dan Program Pendampingan sebagai Pemberdayaan Ekonomi Kreatif UMKM. Jurnal Ekonomi: Journal of Economic, 10 (2).

Farizki, FI, Suhendro & Masitoh, E. (2021). Effect of Profitability, Leverage, Liquidity, Firm Size and Asset Structure on Firm Value. Journal of Economics and Business. 5(1), 17-22. Doi: 10.33087/economy. v5i1.273

Giovanni and Santosa, S. (2020). Do Intellectual Capital and Intangible Assets Influence the Firm Value? (Study In Trade, Service, And Investment Sector in Indonesia). ULTIMA Management, 12 (2), 200-209. Doi:https://doi.org/10.31937/manajemen.v12i2.1703

Karlina, B., Mulya, AS, & Said (2019). Effect of Current Ratio, Return on Assets, and Asset Structure on Firm Value with Dividend Policy As Moderating Variable. Journal of Management and Business Research (JRMB). 4 (S1), 745-754.http://www.core.ac.uk

Pamungkas, FA, Wijayanti, A. & Fajri, RN (2020). Effect of Asset Structure, Firm Size, Profitability on Firm Value. Journal of Economics, Public and Accounting (JEPA), 2 (2), 86-102.https://doi.org/10.31605/jepa.v2i2.700

Prima, R., Ananto, RP & Rafi, M. (2018). The Effect of Capital Structure, Profitability, Company Size and Intellectual Capital on Firm Value on the LQ 45 Index for the 2010-2017 Period. Journal of Accounting & Management. 13(2), 93-111. Doi: https://doi.org/10.30630/jam.v13i2.44

Puspitasari, DP and Suryono, B. (2020). Intellectual Capital, Company Size and Capital Structure on Firm Value with Profitability as an Intervening Variable. Journal of Accounting Science and Research. 9(2), 1-25.https://www.Jurnalmahasiswa.stiesa.ac.id

Rabbi, CPA (2021, December 15). Food and Beverage Industry Exports Reached Rp 465 trillion as of September. Katadata online. Accessed fromhttps://www.katadata.co.id

Sahabuddin, Zainal Abidin. (2017). Asset Structure Impact on Capital Structure of Capital Market-Listed Firms in Indonesia and Malaysia. Jurnal Keuangan dan Perbankan, 21(3): 376–386. DOI: 10.26905/jkdp.v21i3.1312

Ståhle, P., Ståhle, S. and Aho, S. (2011), "Value added intellectual coefficient (VAIC): a critical analysis", Journal of Intellectual Capital, Vol. 12 No. 4, pp. 531-551. https://doi.org/10.1108/14691931111181715

Weston, Fred, J and Brigham, F, Eugene. (1990). Fundamentals of Financial Management. Ninth Edition. Jakarta: Erlangga

Yustyarani, W. and Yuliana, I. (2020). Profitability Mediation Effects: Intellectual Capital, Income Diversification, and Firm Value. Essence: Journal of Business and Management. 10(1), 83-94. DOI: http://doi.org/10.15408/ess.v10i1.1556

Published

2022-09-19

Issue

Vol. 5 No. 2 (2022): EAJ (Economics and Accounting Journal)

Section

Articles

License

Copyright (c) 2024 Retno Fuji Oktaviani

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

Authors who publish with this journal agree to the following terms:

  1. Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
  2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
  3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).

 

<a rel="license" href="http://creativecommons.org/licenses/by-sa/4.0/"><img alt="Creative Commons License" style="border-width:0" src="https://i.creativecommons.org/l/by-sa/4.0/88x31.png" /></a><br />This work is licensed under a <a rel="license" href="http://creativecommons.org/licenses/by-sa/4.0/">Creative Commons Attribution-ShareAlike 4.0 International License</a>.