The Nexus between Intellectual Capital, CSR, and GCG: The Role of Profitability in Increasing Company Value

Abstract

This study aims to determine the effect of intellectual capital, corporate social responsibility, and good corporate governance on company value with profitability as a moderating variable. The sample in this research was taken using a purposive sampling method from companies listed in LQ45 on the Indonesian Stock Exchange for the 2018-2022 period. The number of samples used was 20 companies. The analytical method used is multiple linear regression and Moderate Regression Analysis (MRA) using the SPSS 26 application. The results of this study show that intellectual capital has a negative effect on company value, corporate social responsibility has no effect on company value, while good corporate governance has a significant effect on company value, profitability is able to moderate the influence of intellectual capital and good corporate governance on company value, meanwhile profitability cannot moderate the relationship of corporate social responsibility to company value. The implications of this research are expected to be a reference for companies and investors to consider social responsibility more and It also becomes the basis for development for subsequent research involving the same variables or research population