The Relationship between Innovation Capital, Firm Value, and Firm Risk

The purpose of this study is to examine two relationships: (1) innovation capital and firm value; (2) risk. population was all companies listed on the Indonesia Stock Exchange from 2016-2020, required research sample drawn using a purposive sampling technique. Data analysis technique used multiple linear regression. result revealed that had positive statistically significant effect value, but negative insignificant relationship Based analysis, it can be concluded has potential factor increase company's only if have competitive advantage by disclosing R&D costs investments in their financial statements. Because each company unique, not always related systematic risk measurement.