Year: 2024 | Month: March | Volume: 11 | Issue: 3 | Pages: 463-474
DOI: https://doi.org/10.52403/ijrr.20240356
The Influence of Institutional Ownership, Intellectual Capital, Profitability, Leverage and Corporate Social Responsibility (CSR) on Firm Value at Food and Beverage Industry Companies Listed in the Indonesian Stock Exchange in the Period of 2018-2022
Mahdi Fauzi1, Rina Br Bukit2, Idhar Yahya3
1,2,3Department of Accounting, Faculty of Economics and Business, Universitas Sumatera Utara, Indonesia
Corresponding Author: Mahdi Fauzi
ABSTRACT
The level of success in a company is often related to stock price. High stock prices will increase firm value and market trust. The objective of research was to examine the influence of the Institutional Ownership ratio, Intellectual Capital, Profitability, Leverage, and Corporate Social Responsibility (CSR) on Firm Value. The research objects were 44 food and beverage industry companies listed in BEI (Indonesia Stock Exchange) in the period of 2018 to 2022, and 20 of them were used as the samples, taken by using purposive sampling technique. Secondary data were analyzed by using Panel Data Regression Analysis. The result of the research showed that Institutional Ownership, Intellectual Capital, and CSR had a negative influence on Firm Value while Profitability had positive and significant influence on the Firm Value. It was also found that Leverage ratio had positive and significant influenced on Firm Value.
Keywords: Influence of Institutional Ownership, Intellectual Capital, Profitability, Leverage, Corporate Social Responsibility (CSR), Firm Value
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