The Effect Of Intellectual Capital On Firm Value With Profitability As A Mediating Variable In Healthcare Industry

Ade, Julianto Setya Putra (2025) The Effect Of Intellectual Capital On Firm Value With Profitability As A Mediating Variable In Healthcare Industry. Skripsi thesis, Universitas Tanjungpura.

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Abstract

The purpose of this study is to analyze the influence of intellectual capital on firm value, with profitability as a mediating variable. The research employs a quantitative method and focuses on publicly listed companies in the healthcare sector registered on the Indonesia Stock Exchange (IDX). The sample, selected based on specific criteria, consists of 18 companies. The data analysis technique used in this study includes linear regression analysis and the Sobel test to examine the mediating effect of profitability. The analysis was conducted using SPSS 27 software. The findings reveal that intellectual capital has a significant and positive effect on both firm value and profitability. However, profitability demonstrates a significant but negative effect on firm value. Furthermore, profitability does not mediate the indirect influence of intellectual capital on firm value in this study. These results suggest that companies in the healthcare sector should focus on enhancing their intellectual capital, both in terms of quality and quantity, to positively impact firm value in the long term. On the other hand, profitability in this study is perceived as a short-term gain. If companies prioritize profitability alone without considering other fundamental factors such as intellectual capital, they may risk losing competitiveness and market reputation in the long run. This could occur as investors perceive the company as neglecting the potential for innovation, competitive advantages, and the added value that intellectual capital can generate.

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