The Influence Of Intellectual Capital And Intellectual Capital Disclosure On Financial Performance And Firm Value In Lq45 Index

Abstract

A Firm is one form of organization that generally has a specific purpose. One of the goals to be achieved in its business is to meet the stakeholders interests. In addition, the company's objectives include increasing the value of the company, fulfilling the needs of the community and to gain profit. This study used quantitative research method with a Path Analysis model using secondary data obtained from www.idx.co.id site. The population in this study are all companies listed in the LQ45 index listed on the Indonesia Stock Exchange in the time span used as a sample is 2015-2018. The results of the study showed that Intellectual capital affects the company's financial performance probability value by 0.007. Intellectual capital has no effect on the value of the company with a probability value by 0.696. Intellectual capital disclosure has no effect on the company's financial performance with a probability value by 0.316. Intellectual capital disclosure does not affect the value of the company's performance probability value of 0.810. Finance mediates the relationship between intellectual capital and firm value, financial performance does not succeed in mediating the relationship between intellectual capital disclosure and firm value from the results of the Sobel test, t_count > t_table (2,516 > 1.67).