PENGARUH INTELLECTUAL CAPITAL TERHADAP FIRM’S VALUE MELALUI FINANCIAL PERFORMANCE

Abstract

The purpose of this study was to determine the effect of intellectual capital on firm's value through financial performance in companies belonging to the consumer goods industry sector on the Indonesia Stock Exchange in 2017 − 2019. This research is a quantitative study with 45 companies belonging to the consumer goods industry sector as research samples. This study uses panel data, so the total observation period is 135. The data analysis technique uses Partial Least Square. The results showed a positive effect of intellectual capital on firm's value, a positive effect of intellectual capital on financial performance, a positive effect of financial performance on firm's value, and a positive effect of intellectual capital on firm's value through financial performance.