Pengaruh Sustainability Report Dan Efektivitas Intellectual Capital Terhadap Nilai Perusahaan Pada Perusahaan Sektor Keuangan di Bursa Efek Indonesia Tahun 2020-2022

Abstract

Firm value determines how investors feel about a company’s stock price. In the financial sector, this study attempts to examine the impact of sustainability reports as measured by SRDI and intellectual capital efficacy as measured by VAIC on firm value as measured by PBV for companies listed on the IDX. Multiple linear regression analysis was used to analyze the data. With a coefficient of -0.094 and a significance value of 0.796, the t-test findings indicate that the sustainability report variable has a partial negative effect. According to the results of this study, sustainability reports have a small but detrimental impact on stock prices. The impact size of 1.607 and the p-value of 0.000 indicate that intellectual capital is effective. Firm value is significantly affected by sustainability reports and intellectual capital efficacy at the same time, according to the F-test findings. With an adjusted R-squared value of 34.1%, the independent variables explored in this study only explain 34.1% of the variation in firm value; the remaining 65.9% is due to factors beyond the scope of this investigation.