Pengaruh Kebijakan Dividen, Kepemilikan Manajerial, dan Intellectual Capital terhadap Nilai Perusahaan dengan Profitabilitas Sebagai Variabel Intervening pada Perusahaan yang Terdaftar di Bursa Efek Indondesia

Abstract

The aim of the study is to examine managerial ownership, intellectual capital on company value with Profitability as an intervening variable. The quantitative method uses samples of company financial reports listed on the IDX for 2020-2022 with classic assumption tests, hypothesis tests and Sobel tests. The study findings show 1) Dividend Policy and Intellectual Capital have a positive effect on Profitability, while Managerial ownership has a negative effect on Profitability. 2) Dividend policy, managerial ownership and profitability have a negative influence on company value, while Intellectual Capital has a positive influence. In the Sobel test, it is known that profitability as an intervening variable has an effect on dividend policy and intellectual capital on company value, but has no effect on managerial ownership on company value.