Publishing Journal • International Journal of Social Science, Education, Communication and Economics

The Influence Of Intellectual Capital On Stock Prices With Profitability (ROA) As Moderating Variable In Banking Sector Companies On The Stock Exchange For The Period 2016 To 2020

DOI: 10.54443/sj.v1i5.61 Year: 2022 Pages: 1-15 (Vol. 1, No. 5) Views: 2
Authors & Researchers
K
Kusumastuti, Ratih Universitas Jambi, Indonesia1
Z
Zamzami, Zamzami Universitas Jambi, Indonesia2
Q
Qurrota Ayun, Lentera Universitas Jambi, Indonesia3

Abstract

This study was conducted to empirically examine the influence of intellectual capital and profitability on stock prices in banking sector companies in Indonesia. The independent variable of this research is intellectual capital which is presented by VAICTM (Value Added Intellectual Coefficient) which was developed by Pulic (1998). Then the dependent variable is stock price, and profitability, which is presented by ROA, as a moderating variable. The sample of this study was selected using the purposive sampling method, and there were 24 (twenty-four) banking companies (listed on the BEI) that met the criteria so that the sample of this study amounted to 120 samples. The study was analyzed using multiple regression analysis. The results of this study found that overall, VACA, VAHU, and STVA had a significant positive effect on stock prices. But only VACA and VAHU variables were able to be moderated by ROA.