hasil pemikiran yang disajikan pada seminar internasional ICBESS 2022 "THE EFFECT OF CRYPTOCURRENCY, INTELLECTUAL CAPITAL, LEVERAGE AND THE RUPIAH EXCHANGE RATE TO COMPANY VALUE OF LQ45 COMPANY SHARES 2019-2021"

SITI ALMURNI, MURNI hasil pemikiran yang disajikan pada seminar internasional ICBESS 2022 "THE EFFECT OF CRYPTOCURRENCY, INTELLECTUAL CAPITAL, LEVERAGE AND THE RUPIAH EXCHANGE RATE TO COMPANY VALUE OF LQ45 COMPANY SHARES 2019-2021". ICBESS 2022 STEI. (Submitted)

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Abstract

Purpose — This study aims to test how the effect of Bitcoin Cryptocurrency (BTC), Value Added Human Capital (VAHU), Debt to Asset Ratio (DAR), and Rupiah Exchange Rate on US Dollar (KURS) on the Value of Company Shares (PBV) in LQ45 companies in 2019-2021. Designmethodologyapproach — This study uses an associative type of research quantitative approach, measured using a method based on panel data regression with Eviews version 12. The population of this study is LQ45 companies listed on the Indonesia Stock Exchange (IDX) from 2019 to 2021. The samples were determined based on the purposive sampling method, with a total sample of 27 companies so that the total observations in this study were 81 obeservations. The data used in this study is in the form of secondary data. Data collection techniques use documentation methods through the site: www.idx.co.id, www.investing.com, and www.bi.go.id. Hypothesis testing using the t test. Findings — The results of the study prove that Bitcoin (BTC) and Value Added Human Capital (VAHU) cryptocurrencies affect the value of LQ45 company shares for the 2019-2021 period; while the Debt to Asset Ratio (DAR) and rupiah exchange rate over the US dollar have proven to have no influence on the value of LQ45 company shares for the 2019-2021 period. Practical implications — Bitcoin cryptocurrencies is an alternative investment instrument other than stocks, so when the value of bitcoin increases, it means that there is a transfer of investors from shares to bitcoin which resulted in a decrease in the number of stock investors and have an impact on the decline in the price and value of shares. The increase in value added human capital has an impact on improving employee performance, so that company performance will increase and there will be an increase in share value. Originalityvalue — The dependent variable used in this study is the value of the latest LQ 45 shares in 2019-2021, The calculation for leverage uses DAR (Debt to Asset Ratio), in measuring intellectual capital using the variable VAHU (Value Added Human Capital), and the value of bitcoin cryptocurrency which is used is the updated value in 2019-2021. Keywords — Company Stock Value, Bitcoin, Value Added Human Capital, Debt to Asset Ratio, Rupiah Exchange Rate over US Dollar. Paper type — Empirical Study

Item Type: Article
Subjects: Z Bibliography. Library Science. Information Resources > ZA Information resources > ZA4450 Databases
Divisions: S1 Akuntansi
Depositing User: Siti Almurni, S.E., M.Ak
Date Deposited: 14 May 2024 03:02
Last Modified: 14 May 2024 03:54
URI: http://repository.stei.ac.id/id/eprint/12526

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