Wahyuni, Wulan and Suratno, Suratno and Anwar, Choirul (2017) Pengaruh Intellectual Capital Terhadap Nilai Perusahaan Dengan Free Cash Flow Sebagai Variabel Moderating (Studi Empiris Pada Perusahaan Manufaktur Secondary Sectors di Bursa Efek Indonesia). Jurnal Ilmiah Ilmu Ekonomi (Jurnal Akuntansi, Pajak dan Manajemen), 6 (11). pp. 61-73. ISSN 2088-6969

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Abstract

The purpose of this research is to analyze and investigate the effect of intellectual capital toward the firm value using free cash flow as moderating variable in manufacturing companies secondary sectors listed in Indonesia Stock Exchange 2012-2015 period. This research examines the relation of intellectual capital components which is Value Added Capital Employed (VACA), Value Added Human Capital (VAHU), Structural Capital Value Added (STVA), toward the firm value with free cash flow as moderating variable. Firm value is measured using Market to Book Value Equity (MBVE). The sampling method used is the purposive sampling, the samples used in research are 40 manufacturing companies secondary sectors listed in Indonesia Stock Exchange 2012-2015 period. The research data were tested by using SMART PLS 3.0. The results showed that VACA, VAHU has significant effect on the firm value, while STVA have no significant effect on the firm value. Free cash flow as the moderating variable no significant influence the relation STVA to the firm value.

Item Type:	Article
Uncontrolled Keywords:	Intellectual Capital, Free cash flow and Firm Value
Subjects:	H Social Sciences > HB Economic Theory
Divisions:	Fakultas Ekonomi
Depositing User:	Perpus ID UMMI
Date Deposited:	20 Sep 2017 03:03
Last Modified:	20 Sep 2017 03:03
URI:	http://eprints.ummi.ac.id/id/eprint/147

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