INTENSITY RESEARCH AND DEVELOPMENT AND NOT ASSETS INTEREST IN THE VALUE OF THE COMPANY (EMPIRICAL STUDY: LISTED BANKING COMPANIES IN INDONESIA STOCK INDEX MARKET 2010-2015)
Dedi Putra, Atika Khoirunnisa
Abstract
The objective of this study was to empirically examine the influence of the intensity of research and development and intangible assets on the value of the company's financial performance as the intervening variable. The sample in this study was banking companies listed on the Indoensia Stock Exchange from 2010 to 2015. The data collecting technique used was purposive sampling technique to obtain the sample of 30 companies. This research used path analysis to test the hypothesis. The research showed that: (1) The intensity of research and development had no direct effect on the financial performance, (2) The intensity of research and development directly affected the value of the company, (3) an intangible asset directly influenced the financial performance and corporate value, (4) the company's performance had no direct effect on the value of the company, (5) the company's performance did not mediate the relationship between the intensity of the intensity of research and development and intangible assets to the value of the company.
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Dedi Putra, Atika KhoirunnisaAbstract
The objective of this study was to empirically examine the influence of the intensity of research and development and intangible assets on the value of the company's financial performance as the intervening variable. The sample in this study was banking companies listed on the Indoensia Stock Exchange from 2010 to 2015. The data collecting technique used was purposive sampling technique to obtain the sample of 30 companies. This research used path analysis to test the hypothesis. The research showed that: (1) The intensity of research and development had no direct effect on the financial performance, (2) The intensity of research and development directly affected the value of the company, (3) an intangible asset directly influenced the financial performance and corporate value, (4) the company's performance had no direct effect on the value of the company, (5) the company's performance did not mediate the relationship between the intensity of the intensity of research and development and intangible assets to the value of the company.
