Intangible Asset Moderation and the Sustainable Investment and Firm Value Relation Perwito [1], Nugraha [2], Disman [3], Gunardi [4]
[1] Computerized Accounting, Piksi Ganesha Polytechnic, 40274, Indonesia
[1] Postgraduate Program, Universitas Pendidikan Indonesia, 40154, Indonesia
[2] Postgraduate Program, Universitas Pendidikan Indonesia, 40154, Indonesia
[3] Postgraduate Program, Universitas Pendidikan Indonesia, 40154, Indonesia
[4] Computerized Accounting, Piksi Ganesha Polytechnic, 40274, Indonesia
Abstract
Sustainable Investment in the 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 are the focus of this research and total 23 data 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 moderate sustainable investment on firm value with proxy Return on Equity (ROE) and market to Book Value of Equity (MBVE), corporate that have intangible assets more to perform better, prove and strengthen previous research that intangible assets add to firm value.
Keywords: Intangible assets, Sustainable Investment, Firm Value, and SG&A
