Opini Audit Sebagai Pemoderasi Pengaruh Intellectual Capital, Profitabilitas Dan Leverage Terhadap Nilai Perusahaan (Studi Empiris Pada Perusahaan Sektor Properti, Real Estate Dan Kontruksi Bangunan Yang Terdaftar Di Bursa Efek Indonesia Pada Tahun 2014-

Abstract

This study aims to determine the effect of intellectual capital, profitability, and leverage on firm value that is moderated by audit opinions on property, real estate and building construction companies listed on the Indonesia Stock Exchange in 2014-2017. Exogenous variables in this study are intellectual capital, profitability and leverage. Endogenous variables in this study are company values, and moderation variables in this study are audit opinions. The data analysis technique used in this study is Partial Least Square (PLS). The results of this study indicate that intellectual capital, profitability and leverage have no effect on company value, and audit opinion has a significant effect on firm value, but audit opinion does not moderate the effect of intellectual capital, profitability and leverage on firm value

Analysis of the Effect Using Financial Ratios, Ownership and Corporate Size on Corporate Value in Food and Beverage Corporate

“…Signal theory illustrates that any good/bad news related to the corporate's condition will be a signal for the market. Investors will avoid leverage with a high percentage because it has a large risk and vice versa (Hendriani, 2019). In theory, this is consistent with the findings in the research of Dj, Artini, and Suarjaya (2012) and Sukarya and Baskara (2018) which show there are a not good effect of leverage on corporate value.…”

Effect ESG on Financial Performance

“…Hartono (2018:8) mendefinisikannya sebagai hasil atau prestasi sautu entitas bisnis selama periode tertentu yang berfungsi untuk meninjau dan mengevaluasi seberapa baik aktivitas keuangan entitas. Indikator dari kinerja keuangan yang sering dilihat investor ialah rasio profitabilitas (Hendriani, 2019). Rasio profitabilitas menggambarkan seberapa besar perusahaan tersebut menghasilkan laba, Laba tersebutlah yang diinginkan shareholders yang nantinya akan didapatkan dengan bentuk dividen.…”

Economic Growth As A Moderating Variable In Firm Value Determination : Evidence From Property and Real Estate Sub Sector Companies Listed on IDX

“…If the debt is used as effectively and efficiently as possible, the company will feel the positive benefits of debt without ignoring the business risks it will cause, and vice versa. This is supported by research conducted by Maria Hendriani [18].…”

“…Which states that the leverage ratio has no significant effect, because financing through debt is better but if it is used for needs that require large costs and in the long term. [18]. Financing through debt is an option that is quite profitable but also risky.…”