ABSTRACT
The study was conducted to test the impact of intellectual capital on a firm value by mediating its capital structure. Where intellectual capital is reflected in VAIC, MVAIC, and MCM. The value of the company is reflected in tobins’q, so it measures the value of the company's stock price. The capital structure is represented by the DER ratio. The relationship between intellectual capital, firm value, and capital structure is measured partially and simultaneously. The population in this study is the entire technology sector company listed in BEI in 2019-2020. The sample-forming method used is a purposive sampling method. A data-gathering technique using documentation. Data analysis technique using linear regression analysis using a Stata 15 application. Analysis showed that the intellectual capital represented by VAIC, MVAIC, and MCM affected the firm value simultaneously and partially. Capital structures can project connections between VAIC, MVAIC, and MCM to corporate values simultaneously, but partially only inflate the relationship between MCM and the company's value.
