Research Article
Intangible Asset Moderation and the Sustainable Investment and Firm Value Relation
@INPROCEEDINGS{10.4108/eai.18-11-2020.2311719, author={Perwito Perwito and Nugraha Nugraha and Gisman Gisman and Gunardi Gunardi}, title={Intangible Asset Moderation and the Sustainable Investment and Firm Value Relation}, proceedings={Proceedings of the 2nd Borobudur International Symposium on Humanities and Social Sciences, BIS-HSS 2020, 18 November 2020, Magelang, Central Java, Indonesia}, publisher={EAI}, proceedings_a={BIS-HSS}, year={2021}, month={9}, keywords={intangible assets sustainable investment firm value sg\&a}, doi={10.4108/eai.18-11-2020.2311719} }- Perwito Perwito
Nugraha Nugraha
Gisman Gisman
Gunardi Gunardi
Year: 2021
Intangible Asset Moderation and the Sustainable Investment and Firm Value Relation
BIS-HSS
EAI
DOI: 10.4108/eai.18-11-2020.2311719
Abstract
Sustainable investment in intangible assets provides opportunities to increase firm value. This study examines the moderation effect of intangible assets in sustainable investment to increase firm value. Public corporate in the telecommunication sector in Indonesia is the focus of this research, and a total of 23 data were observed. Proxy for measuring intangible assets using SG&A expenses. To estimate and test model parameters used Process Macro for SPSS V3.4. The results showed that positively and significantly intangible assets sensible sustainable investment on firm value with proxy Return on Equity (ROE) and market to Book Value of Equity (MBVE). Corporations with intangible assets more perform better, prove and strengthen previous research that intangible assets add to firm value.
