Pengaruh Profitabilitas Dan Likuiditas Terhadap Nilai Perusahaan Dengan Intellectual Capital Sebagai Variabel Moderasi

Abstract

The value of a company is an investor’s view of good or bad judgment of a company that can be seen by its stock price. If a company sharesprice is high automatically the company’s value is high. It is important for investors to pay attention to the company’s value because it can describe the magnitude of the invesment returns that investors have already invested. The pricipal purpose of this study is to understand how profitability and liquidity affect corporate values and whether intellectual capital was able to modernize the property and real estate sub corporate listed in the Indonesian Stock Exchange period 2018-2020.The sampling taken on this study using purposive sampling and get the number of sampels as many 19 companies. The study is a quantitative study using secondary data obtained from official website of the Indonesian Stock Exchange.The study uses Partial Least Square (PLS) programs to analyze the data.The study has concluded that profitability has a positive and significant impact on company values. Liquidity affects both positive and insignificant company values. Intellectual capital affects the negative and insignificant impact of the company values. Intellectual capital was able to modernize the relationship between profitability to the campany values. Intellectual capital is unable to modernize the relationship between the liquidity to the company values.