SKRIPSI MBS
Pengaruh Intellectual Capital Terhadap Market Capitalization Pada Perusahaan Yang Terdaftar Di JII 70 tahun 2019-2022
ABSTRACT
This study aims to determine the effect of intellectual capital on market
capitalization in companies listed on the Jakarta Islamic Index (JII) 70 during the
2019–2022 period, taking into account the impact of the COVID-19 phenomenon
as well as control variables included in the analysis, including book value, firm
size, net income, and leverage. Many companies experience the impact of the
COVID-19 phenomenon.
The number of samples in this study were 27 companies selected by passing
the purposive sampling stage, so the number of samples was taken from the annual
financial statements of companies listed in the JII 70 of 28 companies for 4 years,
so that the total sample amounted to 108 data points. Using the panel data
regression method, the relationship between intellectual capital and market
capitalization is explored while considering the influence of control variables and
the impact of the COVID-19 pandemic and using the Eviews 12 application.
The results of this study indicate that intellectual capital has a significant
positive effect on market capitalization. This means that the higher the value of
intellectual capital, the further the increase in market capitalization. The results
also show that net income and leverage have a significant effect on market
capitalization, while standard value and company size have no effect on market
capitalization. So it can be interpreted that the greater the net profit and leverage
ratio of the company, the further the increase in market capitalization.
Keywords : Intellectual Capital, Market Capitalization, Book Value, Net Income,
Firm Size, Leverage, Regression Analysis
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