Company value measurement through intellectual capital and firm size

Abstract

This research was conducted with the aim of analyzing the effect from Intellectual Capital and Firm Size on financial performance that is measured by the value of companies in the real estate and property sectors that survive on the Indonesia Stock Exchange in the 2018-2019. The data collection technique used is the documentation method and based on the selected criteria, 38 companies were obtained as the research sample. The data analysis technique used Multiple Regression with the SPSS 23 as the statistic tool. The results from this study proves that partially Intellectual Capital as measured by Value Added Intellectual Capital (VAIC) has a positive and significant effect on Company Value as measured by Return On Equity (ROE), while Firm Size as measured by using Ln Assets has a negative and insignificant effect on Company Value. However, Intellectual Capital and Firm Size simultaneously have a significant positive effect on Company Value. This research will be very useful for domestic and international investors in predicting the value in real estate and property companies by using the measurement of Intellectual Capital and Firm Size.