Analysis of Firm Value Through Intellectual Capital, Capital Structure, and Competitive Advantage Intervenin in Companies Coal Mining in Indonesia

This research was conducted at a coal mining company listed on theIndonesia Stock Exchange (IDX). Coal is a non-renewable energy resource and isa source of energy for industrial companies both domestically and for the needsof industrialized countries. This research is a quantitative descriptive research thataims to analyze the correlation of intellectual capital, capital structure to firm valuethrough competitive advantage in coal mining companies in Indonesia. The datacollection method was obtained from financial reports, related documents and lit-erature and is also the source of the data used in this study. The population andsample in this study are all coal mining companies listed on the Indonesia StockExchange. The analysis technique in this study uses the Partial Least Square Equa-tion Model (SEM-PLS) with the Smart PLS version 3.0 application. This researchgives the result that intellectual capital has no effect on competitive advantage,capital structure has no effect on competitive advantage, competitive advantagehas an effect on firm value, and intellectual capital does not directly affect firmvalue through competitive advantage, capital structure has an indirect effect onfirm value company through competitive advantage.