THE EFFECT OF EMPLOYEE TRAINING ON FIRM VALUE THROUGH FINANCIAL PERFORMANCE AS A MEDIATING VARIABLE
Keywords:
Firm Value; Financial Performance; Human Resource Training; Human CapitalAbstract
A study entitled The effect of employee training on firm value through financial performance as a mediating variable was conducted to examine the effect of employee training on firm value through financial performance. Rapid technological developments force companies to continue to adopt the latest technology. The adoption of the new technology must be accompanied by training of employees in order to improve their abilities so that the company's human capital will increase. Increasing the ability of employees makes employees work more efficiently and effectively so that financial performance will increase and ultimately increase the value of the company. This research uses the basic theory of firm, signaling theory and human capital theory. The study was conducted on banking companies listed on the Indonesian stock exchange in 2018-2021. The sample was taken by purposive sampling method and used 15 studies with 45 observational data, namely 2019, 2020, and 2021. The results of employee training research have an effect on financial performance. In addition, financial performance has an effect on firm value. While the training does not have a direct effect on the value of the company. The effect of training on firm value is an indirect effect through financial performance. Financial performance mediates the effect of training on firm value. This study shows the business world the importance of employee training as a company's human resource management strategy which in turn can increase the value of the company.
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