Mediation Effect of Financial Performance on The Influence of Intellectual Capital on Firm Value

Hidayatul Khusnah, Mardiyah Anugraini
2021 Jurnal Ilmiah Akuntansi dan Keuangan  
This study aims to determine the mediating effect of financial performance on the effect of intellectual capital on firm value. This research was conducted at companies incorporated in LQ-45 listed on the Indonesian stock exchange. The sample of this research is the financial statements of companies incorporated in LQ-45 in the 2014-2019 period that publish financial statements continuously. Analysis of the data in this study using SEM-PLs using WarpPLs 6.0 software. The results of this study
more » ... lts of this study indicate that VACA, VAHU and STVA have a positive effect on firm value. In addition, this study also found that of the three intellectual capital proxies, only VACA and STVA had a positive effect on financial performance, while VAHU did not support the research hypothesis because it had a negative effect on financial performance. Further findings show that financial performance mediates the effect of VACA and STVA on firm value.
doi:10.32639/jiak.v10i2.743 fatcat:ubqbprt2c5fwznp5xrkkaor53m