THE INFLUENCE OF INTELLECTUAL CAPITAL, LIQUIDITY, AND DIVIDEND POLICY ON COMPANY VALUE BEFORE AND DURING THE COVID-19 PANDEMIC WITH GOOD CORPORATE GOVERNANCE AS A MODERATING VARIABLE

Abstract

The purpose of this study was to determine the effect of Intellectual Capital, Liquidity, and Dividend Policy on Firm Value before and during the covid-19 pandemic with GCG as a moderating variable. The population used in this study is property and real estate companies listed on the Indonesia Stock Exchange in 2018-202. The sampling method is purposive sampling technique with data processing using EViews 12 software. The results of this study reveal that the Liquidity and Dividend Policy affect company value, while intellectual capital does not affect company value. The results of interaction test show that the GCG can moderate the effect of Liquidity and Dividend Policy on company value and GCG cannot moderate the effect of Intellectual Capital on company value. Meanwhile, the results of different tests show that there are differences in the Intellectual Capital and Dividend Policy and there are no differences in the Company Value and Liquidity before and during the Covid-19 pandemic.