PENGARUH INTELLECTUAL CAPITAL DAN CORPORATE SOCIAL RESPONSIBILITY TERHADAP NILAI PERUSAHAAN DIMODERASI OLEH KINERJA

Kinerja yang meningkat akan memberikan harapan bagi investor dan calon investor terhadap perusahaan tersebut sehingga value perusahan akan meningkat yang ditandai dengan kenaikan harga saham. Penelitian ini bertujuan untuk menganalisis pengaruh intellectual capital dan corporate social responsibility terhadap nilai perusahaan dengan kinerja perusahaan sebagai variabel moderasi pada industri dasar dan kimia yang terdaftar di Bursa Efek Indonesia (BEI) periode 2014-2018. Hasil pengujian hipotesis menunjukan bahwa secara simultan intellectual capital dan corporate social responsibility berpengaruh terhadap nilai perusahaan, secara parsial intellectual capital berpengaruh terhadapn nilai perusahaan dan kinerja keuangan berhasil memoderasi hubungan keduanya, corporate social responsibiliy berpengaruh terhadap nilai perusahaan, selain itu secara simultan kinerja keuangan berhasil memoderasi hubungan antara intellectual capital dan corporate social resposibility terhadap nilai perusahaan, secara parsial kinerja keuangan berhasil memoderasi hubungan antara intellectual capital terhadap nilai perusahaan, sedangkan secara parsial kinerja keuangan tidak mampu memoderasi hubungan antara corporate social responsibility dan nilai perusahaan.


Alt. Description

Increased performance will provide hope for investors and potential investors towards the company so that the company�s value will increase, which is indicated by rising stock prices. This study aims to analyze the effect of intellectual capital and corporate social responsibility on firm value with company performance as a moderator variable in the basic and chemical industries listed on the Indonesia Stock Exchange (BEI) for the 2014-2018 period. Hypothesis testing results showed that simultaneous intellectual capital and corporate social responsibility affect the value of the company, partially intellectual capital affects the value of the company and financial performance succeeded in moderator the relationship between them, corporate social responsibility affects the company value, in addition simultaneously financial performance succeeded in moderator the relationship between intellectual capital and corporate social responsibility to the value of the company, partially financial performance succeeded in moderator the relationship between intellectual capital to the value of the company, while partially financial performance was not able to moderate the relationship between cororate social responsibility and corporate value.

1.  UEU-Journal-18730-11_0934.pdf - 683 KB