FAKTOR-FAKTOR YANG MEMPENGARUHI FIRM VALUE DENGAN MANAGERIAL OWNERSHIP SEBAGAI VARIABEL MODERASI
Main Article Content
Abstract
The purpose of this study is to obtain empirical evidence about the effects of intellectual
capital, capital structure, and profitability on firm value using managerial ownership as
moderating variable. The sample in this study was selected using purposive sampling
method amounted to 53 manufacturing companies listed on the Indonesia Stock Exchange
(IDX) on the 2017-2019 period that fit the criteria. This study uses the E-views 11 program
to analyze data. The results of this study indicate that profitability has a significant positive
effect on firm value, while intellectual capital and capital structure show insignificant
results. Besides, it can be concluded that managerial ownership as a moderating variable
also cannot moderate the effect of intellectual capital, capital structure, and profitability on
firm value. The implication of this research is that good management of the company's
assets and funding is needed in order to achieve good corporate value in the eyes of
investors.
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