The Influence of Intellectual Capital and Institutional Ownership Towards the Firm Value in Food & Beverages Industries Period 2018-2021


Authors : Marini Bekti Noviati

Volume/Issue : Volume 8 - 2023, Issue 3 - March

Google Scholar : https://bit.ly/3TmGbDi

Scribd : https://bit.ly/3ZhhKJ2

DOI : https://doi.org/10.5281/zenodo.7762056

Abstract : To analysis and review of whether a firm value is influenced by VACA, VAHU, STVA and institutional ownership mediated by profitability. The samples used is food and beverage industries listed on IDX of 17 industries for 4 years of study, 2018 to 2021. This study used panel data regression analysis with Eviews 12 software. The result of this study show that: (1) VACA has no effect towards firm value, (2) VAHU has no effect towards firm value, (3) STVA has a positive significant effect towards firm value, (4) Institutional ownership has no effect towards firm value, (5) Profitability has a positive significant effect towards firm value, (6) VACA has a positive significant effect towards profitability, (7) VAHU has no effect towards profitability, (8) STVA has a positive significant effect towards profitability, (9) Institutional ownership has no effect towards profitability, (10) Profitability succeeded in mediating the influence of VACA on firm value, (11) Profitability succeeded in mediating the influence of VAHU towards firm value, (12) Profitability succeeded in mediating the influence of STVA towards firm value, (13) Profitability didn’t succeed in mediating the influence of institutional ownership on firm value.

Keywords : Firm Value, VACA, VAHU, STVA, Institutional Ownership.

To analysis and review of whether a firm value is influenced by VACA, VAHU, STVA and institutional ownership mediated by profitability. The samples used is food and beverage industries listed on IDX of 17 industries for 4 years of study, 2018 to 2021. This study used panel data regression analysis with Eviews 12 software. The result of this study show that: (1) VACA has no effect towards firm value, (2) VAHU has no effect towards firm value, (3) STVA has a positive significant effect towards firm value, (4) Institutional ownership has no effect towards firm value, (5) Profitability has a positive significant effect towards firm value, (6) VACA has a positive significant effect towards profitability, (7) VAHU has no effect towards profitability, (8) STVA has a positive significant effect towards profitability, (9) Institutional ownership has no effect towards profitability, (10) Profitability succeeded in mediating the influence of VACA on firm value, (11) Profitability succeeded in mediating the influence of VAHU towards firm value, (12) Profitability succeeded in mediating the influence of STVA towards firm value, (13) Profitability didn’t succeed in mediating the influence of institutional ownership on firm value.

Keywords : Firm Value, VACA, VAHU, STVA, Institutional Ownership.

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