PENGARUH TATA KELOLA PERUSAHAAN DAN MODAL INTELEKTUAL TERHADAP NILAI PERUSAHAAN YANG DIMODERASI OLEH DIVIDEN DAN KINERJA KEUANGAN
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Abstract
This study aims to determine the effect of corporate governance and intellectual
capital on corporate value with dividend and financial performance as moderating
variables. The population in this study consists of all companies listed in LQ45 in
Indonesian Stock Exchange. Samples are selected by purposive sampling technique
with certain criteria: companies listed in the LQ45 index between 2015 and 2019,
companies that issued financial statements between 2015 and 2019, companies that
distributed dividends between 2015 and 2019 and companies that apply the
principles of corporate governance. This research used 215 companies. The data
were analyzed using the Moderated Regression Analysis (MRA) analysis technique.
The result of this study shows that corporate governance and intellectual capital have positively significant influence on corporate value. In addtition, dividend and
financial performance moderate the relationship of corporate governance and
intellectual capital. But dividend did not moderate the relationship of corporate
governance and financial performance as well as the relationship of financial
performance with coporate governance and intellectual capital.
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