Abstract:
Abstract - The objective of this research is to examine the influence of intellectual capital and
intangible assets toward firm value. The use of intellectual capital and intangible assets in this
research is very interesting because they represent the similar idea, the ability to generate
future benefit. However, intellectual capital is not represented in the presentation of financial
statement directly, while the intangible asset is presented in the financial statement. The
samples are taken from the trade, service, and investment companies classification which are
listed in Indonesia Stock Exchange in from 2015 until 2018. Using the purposive sampling,
there are 27 companies put as data for the multiple linear regression. The result of the research
shows intellectual capital has positive significant relationship toward firm value, meanwhile
intangible assets have negative significant relationship toward firm value. It means the lower
intangible assets, the higher firm value is. This might be happened if the company cannot
utilize the intangible asset optimally.
