The Effect of Intellectual Capital, Economic Value Added, and Growth Opportunity on Firm Value with Good Corporate Governance as a Moderating Variable in Kompas100 Index Companies for the 2020–2025 Period
DOI:
https://doi.org/10.24905/icobis.v2i1.83Keywords:
Intellectual Capital, Economic Value Added, Growth Opportunity, Firm Value, Good Corporate GovernanceAbstract
This study aims to analyze the effect of Intellectual Capital, Economic Value Added, and Growth Opportunity on Firm Value with Good Corporate Governance as a moderating variable in Kompas100 Index Companies for the 2020-2025 period. This research is quantitative. The population is all Kompas100 Index companies listed on the Indonesia Stock Exchange (IDX). A purposive sampling technique was used to select 43 companies. The data used is secondary data sourced from the companies' annual reports. The data analysis technique used multiple linear regression analysis and Moderated Regression Analysis (MRA) with the assistance of SPSS version 22 software. The study concludes that Intellectual Capital has a positive effect on Firm Value, Economic Value Added has a negative effect on Firm Value, Growth Opportunity has a negative effect on Firm Value. Good Corporate Governance strengthens the effect of Intellectual Capital on Firm Value, Good Corporate Governance is unable to moderate the effect of Economic Value Added on Firm Value, and Good Corporate Governance weakens the effect of Growth Opportunity on Firm Value.
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