The Effect of Gcg, Profitability, Intellectual Capital, and Leverage on the Value of Banking Companies at Idx With Firm Size as Moderator

Abstract

This research aims to analyze the influence of good corporate governance, profitability, intellectual capital, and leverage on firm value, with firm size serving as a moderating variable. The research focuses on banking companies listed on the Indonesia Stock Exchange during the 2019–2023 period. The sampling method used is purposive sampling, resulting in 15 companies that met the research criteria. Data analysis methods employed in this study include classical assumption testing to ensure model validity, hypothesis testing to assess the influence of each variable, and Moderated Regression Analysis (MRA) to examine the moderating role of firm size. The results indicate that good corporate governance and leverage have a significant effect on firm value. In contrast, profitability and intellectual capital do not show a significant influence on firm value. Furthermore, firm size is found to strengthen the effect of good corporate governance on firm value. However, firm size does not moderate the relationships between profitability, intellectual capital, and leverage and firm value.

Keywords: Good Corporate Governance, Profitability, Intellectual Capital, Leverage, Firm Value