THE EFFECT OF GOOD CORPORATE GOVERNANCE AND INTELLECTUAL CAPITAL ON COMPANY VALUE IN KOMPAS100 INDEX COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE PERIOD 2019 – 2023

Abstract

This study aims to determine the Influence of Good Corporate Governance and Intellectual Capital on Company Value in the Kompas100 Index listed on the Indonesia Stock Exchange (IDX) for the period 2019 – 2023. Good Corporate Governance is measured by Institutional Ownership, Managerial Ownership, Independent Commissioners, and Audit Committee. Intellectual Capital is measured using the Value Added Intellectual Capital (VAIC) model which has three components (physical capital, human capital, and structural capital). This type of research is quantitative research and the type of data used in this study is in the form of documents taken from the annual report in 2019-2023. The data collection technique uses purposive sampling in sample selection. The sample obtained from this study amounted to 35 companies from 52 companies. The test method in this study uses panel data regression analysis with Eviews 12 software. The results of this study show that the variable of Good Corporate Governance with a proxy of managerial ownership has no effect on the value of the company with the proxy of Price to Book Value (PBV), institutional ownership has a negative effect on the value of the company with the proxy of Price to Book Value (PBV), independent commissioners have no effect on the value of the company with the proxy of Price to Book Value (PBV) and the audit committee has no effect on the value of the company with the proxy of Price to Book Value (PBV). Meanwhile, Intellectual Capital with the VAIC proxy as an independent variable affects the value of the company with the Price to Book Value (PBV) proxy.