ANALISIS PENGARUH FINANCIAL ARCHITECTURE DAN INTELLECTUAL CAPITAL TERHADAP NILAI PERUSAHAAN DENGAN KINERJA KEUANGAN SEBAGAI VARIABEL MEDIASI

Nur Fitri Sadida Ipaenin, NIM.: 19108040055 (2023) ANALISIS PENGARUH FINANCIAL ARCHITECTURE DAN INTELLECTUAL CAPITAL TERHADAP NILAI PERUSAHAAN DENGAN KINERJA KEUANGAN SEBAGAI VARIABEL MEDIASI. Skripsi thesis, UIN SUNAN KALIJAGA YOGYAKARTA.

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Abstract

The company value is an indicator of how the market perceives the company so that good corporate governance and management is needed in order to create high corporate value. This study aims to analyze and explain the effect of financial architecture (with three variabels, namely capital structure, ownership structure, and corporate governance) and intellectual capital on firm value either directly or indirectly with financial performance as a mediating variable. This research was conducted on infrastructure, utilities and transportation sub-sector companies registered with ISSI during the 2019-2021 period. The data used is in the form of quantitative data and secondary data obtained from the official website of the sample companies and data from IDX. The data analysis technique uses the SEM-PLS method based on variance or Partial Least Square (PLS). Data analysis adopted the SmartPLS application version 3.0. The results of the study show that capital structure has a significant negative effect on financial performance and firm value. Meanwhile, ownership structure, corporate governance, and intellectual capital have a significant positive effect on financial performance. In addition, it was found that only intellectual capital and financial performance had a significant positive effect on firm value. Corporate governance and ownership structure are proven to be unable to influence company value. Then financial performance mediates the relationship between capital structure, ownership structure, corporate governance, and intellectual capital on firm value. This is because the coefficient of the indirect relationship is greater than the indirect relationship.

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