The Determinantof Company Value Creation Based on Resource-Based View Theory Perspective

Abstract

Research on the factors influencing a company's value creation has been widely studied with various methods and objects. However, different findings and conclusions were obtained from the diverse existing literature. Therefore, this study aims to analyze the factors that influence public companies' value creation from public companies' value creation from the resource-based view theory perspective. The object of this research is non-cyclical consumer sector companies listed on the Indonesia Stock Exchange for the period 2015 to 2020. The data for this research are taken from the company's annual and annual financial reports, the closing price of common stock, and the interest rate on deposits for a year at Bank Indonesia. The results of data collection obtained 156 company reports for analysis. The data were processed using Microsoft Excel 2016 and the IBM SPSS Statistic 25 program. The findings and conclusions of this study are that variables of financial capital and intellectual capital influence the creation of firm value.