PENGARUH MODAL INTELEKTUAL, STRUKTUR MODAL,PROFITABILITAS, TERHADAP NILAI PERUSAHAAN DENGAN KINERJA KEUANNGAN SEBAGAI VARIABEL INTERVENING (Pada Perusahaan Manufaktur yang Terdafrar di BEI Sub sektor Aneka Industri Tahun 2011-2015)

Abstract

This research aims to analyze the influence of MODAL INTELEKTUAL, STRUKTUR MODAL, PROFITABILITAS to Nilai Perusahaan with Kinerja keuangan as Intervening Variable. The population in this study are 39 Sharia Commercial Gofermen in Indonesia during the period 2011 to 2015. Sample selection is done by purposive sampling method, resulting in 20 Sharia Commercial Gofermen to be sampled in this study.
The analytical techniques used in this study are 1) Financial Analysis, 2) Classic Assumption Test consisting of Normality Test, Heteroskedastisitas, and Multikolinearitas, 3) Multiple Regression Analysis and 4) Path Analysis (Path Analysis) to determine the influence of direct and indirect given the independent variable to the dependent variable through the intervening variable.
The results of this study indicate that 1) intellectual capital has indirect influence on corporate value through financial performance as intervening variable. 2) capital structure has no effect on corporate value. 3)Profitability has a direct positif signifikan on corporate value 4) Financial performance has a direct no influence on corporate value.
Keywords: Intellectual capital,capital structure, profitability, corporate value and financial performance