The Intervention Role of Profitability in the Relationship between Liquidity and Intellectual Capital to Firm Value in Digital Banks on the IDX


Authors : Effany; Andam Dewi Syarif

Volume/Issue : Volume 9 - 2024, Issue 7 - July

Google Scholar : https://tinyurl.com/34uawyfc

Scribd : https://tinyurl.com/2h762n3f

DOI : https://doi.org/10.38124/ijisrt/IJISRT24JUL878

Abstract : This study aims to analyze the effect of Liquidity and Intellectual Capital on Firm Value with Profitability as an intervening variable. The population of this study were Digital Bank subsector companies listed on the Indonesia Stock Exchange during the 2021-2023 period, with a sample of 7 companies. Liquidity is proxied by Loan to Deposit Ratio (LDR), Intellectual Capital with Value Added Intellectual Coefficient (VAIC), Profitability with Return on Assets (ROA), and Firm Value with Price to Earnings Ratio (PER). The data were analyzed using the panel data regression analysis method processed with EViews 12 software. The results showed that Liquidity and Intellectual Capital had no effect on Firm Value. Liquidity and Intellectual Capital have a significant positive effect on Profitability. Profitability is able to mediate the effect of Liquidity and Intellectual Capital on Firm Value, with indirect-only mediation effect.

Keywords : Liquidity, Intellectual Capital, Firm Value, Profitability, Digital Bank.

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This study aims to analyze the effect of Liquidity and Intellectual Capital on Firm Value with Profitability as an intervening variable. The population of this study were Digital Bank subsector companies listed on the Indonesia Stock Exchange during the 2021-2023 period, with a sample of 7 companies. Liquidity is proxied by Loan to Deposit Ratio (LDR), Intellectual Capital with Value Added Intellectual Coefficient (VAIC), Profitability with Return on Assets (ROA), and Firm Value with Price to Earnings Ratio (PER). The data were analyzed using the panel data regression analysis method processed with EViews 12 software. The results showed that Liquidity and Intellectual Capital had no effect on Firm Value. Liquidity and Intellectual Capital have a significant positive effect on Profitability. Profitability is able to mediate the effect of Liquidity and Intellectual Capital on Firm Value, with indirect-only mediation effect.

Keywords : Liquidity, Intellectual Capital, Firm Value, Profitability, Digital Bank.

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