The Effect of Intellectual Capital, Capital Structure and Company Size on Company Value: Study in State Owned Companies in Indonesia

This study aims to investigate the influence of intellectual capital, capital structure and company size on company value in Indonesia. The research investigated 147 state-owned companies listed on the Indonesia Stock Exchange (IDX) during 2016 to 2022, based on purposive sampling method. For this study, the data analysis included descriptive statistical analysis, assumption testing and multiple linear regression using SPSS 25. The results of hypotheses testing prove that intellectual capital (VAIC) and capital structure (DER) have a positive and significant effect on the value of the Company. However, the size of the Company (SIZE) has negative significant results on the value of the company.