Title:
THE INFLUENCE OF INTELLECTUAL CAPITAL ON FIRM VALUE WITH FINANCIAL PERFORMANCE AS INTERVENING VARIABLES IN BANKING COMPANIES LISTED IN INDONESIA STOCK EXCHANGE

Authors:
M. Shalahuddin, Mohamad Adam and Marlina Widiyanti ,Indonesia

Abstract:
This study aims to examine the effect of intellectual capital variables on firm value with financial performance as an intervening variable on banking companies listed on the Indonesia Stock Exchange (IDX). Samples taken as many as 30 companies during the period 2014-2018 based on purposive sampling method. Data processing is used by regression analysis and path analysis. The results showed that: (1) Intellectual Capital which is proxied by Value Added Intellectual Coefficient (VAICTM) does not have a significant effect on Company Value that is proxied by Price-to-book Value (PBV), (2) VAICTM has a significant positive effect on Performance Finance proxied by Earnings Per Share (EPS) and Return on Assets (ROA), (3) EPS has no significant effect on PBV while ROA has a positive effect on PBV, (4) The result is the ROA variable can act as an intervening variable while the EPS variable doesn’t