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Growth, Intellectual Capital, Financial Performance And Firm Value : Evidence From Indonesia Automotive Firms

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  • Putri, Indah Ayu Johanda

Abstract

This study analyzes and explains empirical evidence of the effect of growth and Intellectual Capital respectively on financial performance and firm value, as well as the role of Financial Performance in mediating the influence of company growth and Intellectual Capital respectively on firm value. The benefits of this research are expected to be a reference that enriches the literature of Management Science, especially related to signaling theory and Resource Based Theory. In addition, this research is expected to provide benefits for automotive company managers in developing strategies that can improve financial performance and firm value, investors in automotive companies in making the right decisions in investing in automotive companies and the government in formulating policies related to automotive companies so that more investors invest in automotive companies. To test the hypothesis used Partial Least Square (PLS) analysis. The results of the hypothesis test show that: (1) the company's growth has a positive and insignificant effect on financial performance, (2) Intellectual Capital has a positive and significant effect on financial performance, (3) company growth has a positive and insignificant effect on firm value, (4) Intellectual Capital has a positive and insignificant effect on firm value, (5) financial performance has a positive and significant effect on firm value, (6) financial performance does not mediate the company's growth to the company's value and (7) financial performance mediates Intellectual Capital to the value of the company.

Suggested Citation

  • Putri, Indah Ayu Johanda, 2023. "Growth, Intellectual Capital, Financial Performance And Firm Value : Evidence From Indonesia Automotive Firms," OSF Preprints z53mf, Center for Open Science.
    • Handle: RePEc:osf:osfxxx:z53mf
    DOI: 10.31219/osf.io/z53mf
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    References listed on IDEAS

    as
    1. M. Chabachib & Hersugondo Hersugondo & Erna Ardiana & Imang Dapit Pamungkas, 2020. "Analysis of Company Characteristics of Firm Values: Profitability as Intervening Variables," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 11(1), pages 60-70, January.
    2. Thi Viet Ha Hoang & Ngoc Hung Dang & Manh Dung Tran & Thi Thuy Van Vu & Quang Trung Pham, 2019. "Determinants Influencing Financial Performance of Listed Firms: Quantile Regression Approach," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 9(1), pages 78-90, January.
    3. Tatiana Andreeva & Tatiana Garanina, 2017. "Intellectual Capital and Its Impact on the Financial Performance of Russian Manufacturing Companies," Foresight and STI Governance (Foresight-Russia till No. 3/2015), National Research University Higher School of Economics, vol. 11(1), pages 31-40.
    4. Thi Viet Ha Hoang & Ngoc Hung Dang & Manh Dung Tran & Thi Thuy Van Vu & Quang Trung Pham, 2019. "Determinants Influencing Financial Performance of Listed Firms: Quantile Regression Approach," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 9(1), pages 78-90.
    5. Kuncová, M. & Hedija, V. & Fiala, R., 2016. "Firm Size as a Determinant of Firm Performance: The Case of Swine Raising," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 8(3), pages 1-13, September.
    6. William Sucuahi & Jay Mark Cambarihan, 2016. "Influence of Profitability to the Firm Value of Diversified Companies in the Philippines," Accounting and Finance Research, Sciedu Press, vol. 5(2), pages 149-149, May.
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