The Analysis of the Effect of Intellectual Capital, Company Growth, Size, Solvency on Profitability and Their Impact on Company Value

Abstract

This research aimed at determining the influence of intellectual capital, company growth, firm size, and solvency on profitability and their impacts on company value. The sample of this research consisted of 13 consumer goods sector companies listed on the Indonesia Stock Exchange for the 2012-2016 period. Sampling was conducted by purposive sampling method. This research used descriptive quantitative method and employed multiple linear regression analysis and hypothesis testing (statistical t-test and determination coefficient test). The results showed that partially the intellectual capital variable had an influence on profitability with sig value of 0.0000<0.05. Company growth had no significant effect on profitability with sig value of 0.3283>0.05. Firm size had a significant influence on profitability with sig value of 0.0313<0.05. Leverage had a significant effect on profitability with sig value of 0.0091<0.05. The results showed that simultaneously variables of intellectual capital, company growth, firm size and solvency had significant influences on profitability with sig value of 0.0000<0.05. Profitability had a significant influence on company value with a sig value of 0.0016<0.05.