THE EFFECT OF CORPORATE GOVERNANCE, COMPANY MEASURE, AND CAPITAL STRUCTURE OF PROFITABILITY AND THE VALUE OF THE FIRM IN TEXTILE AND GARMENT INDUSTRY WAS LISTED IN INDONESIA STOCK EXCHANGE

This research aims to find out the effect of corporate governance, company size and capital structure on profitability and firm value in textile and garment industry companies listed on the Indonesia Stock Exchange. Corporate governance variables are measured by independent commissioners. Company size variable is measured by SIZE. Capital structure variables are measured by Debt to Equity Ratio (DER). The profitability variable is measured by Return on Equity (ROE). The population in this research is the textile and garment industry sub-sector manufacturing companies listed on the IDX. The sampling method used was purposive sampling method. Data sources are secondary data collected by documentation techniques. This study uses descriptive statistics and inferential statistics with a quantitative approach and uses panel data regression techniques assisted by the Eviews version 9 program. The results showed that first, the independent commissioner had a positive and not significant effect on Return on Equity. Second, SIZE has a negative and not significant effect on Return on Equity. Third, Debt to Equity Ratio has a positive and significant effect on Return on Equity. Fourth, independent commissioners have a positive and significant effect on tobin’s Q. fifth, SIZE has a positive and significant effect on tobin’s Q. sixth, Debt to Equity Ratio has a negative and significant effect on tobin's Q. seventh, independent commissioners have no effect on tobin’s Q through Return on Equity. eighth, SIZE has no effect on tobin’s Q through Return on Equity. ninth, Debt to Equity Ratio affects tobin's Q through Return on Equity and Tenth, profitability has a positive and significant effect on tobin’s Q

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Pengaruh Corporate Governance Terhadap Kinerja Perusahaan yang Terdaftar di Bursa Efek Indonesia Tahun 2014 - 2017 (Studi pada Perusahaan yang Memperoleh CGPI Tahun 2014 – 2017)

EKONOMIS Journal of Economics and Business ◽

10.33087/ekonomis.v3i1.51 ◽

2019 ◽

Vol 3 (1) ◽

pp. 10

Author(s):

Eva Setiarini Damanik ◽

Yulia Istia Ningsih

Keyword(s):

Corporate Governance ◽

Sampling Method ◽

Positive Impact ◽

Stock Exchange ◽

Linear Regression Analysis ◽

Tobin’S Q ◽

Tobin's Q ◽

Return On Equity ◽

Good Corporate Governance ◽

Independent Variable

The objectives of this study is to find out the influence of good corporate governance (GCG) towards the corporate performance. Independent variable in this research is good corporate governance. This variable is measured with an instrument developed by IICG in the form of corporate governance perception index (CGPI). CGPI contains the score of the survey’s result related to the application of corporate governance by the Companies throughout Indonesia. Meanwhile the dependent Variable of this research is the Performance of the Company on their finances measured with “return on equity and Tobin’s Q. The Sample of this study is company which is registered in Indonesian Stock Exchange and joined CGPI Programs in 2014, 2015, 2016 and 2017 taken by using purposive sampling method. This study used simple linear regression analysis method. The result of this study : (1) Corporate governance has a positive impact on ROE (2) Corporate governance has not an impact on Tobin’s Q

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Determinan Nilai Perusahaan Pada Subsektor Makanan Dan Minuman Periode 2016-2018

Jurnal Ilmiah Manajemen Kesatuan ◽

10.37641/jimkes.v8i3.357 ◽

2020 ◽

Vol 8 (3) ◽

pp. 239-248

Author(s):

Jessica Bintang Glory ◽

Fitri Yetty ◽

Nunuk Triwahyuningtyas

Keyword(s):

Capital Structure ◽

Stock Exchange ◽

Secondary Data ◽

Company Size ◽

Sample Collection ◽

Return On Equity ◽

Company Value ◽

Data Regression ◽

Food And Beverage ◽

Equity Ratio

The purpose of this research is to examine the influence of capital structure with the calculation of Debt Equity Ratio (DER), Profitability with the proxy of Return On Equity (ROE) and Company Size with the proxy of Size calculations on the company's value with the calculation of Price Book Value (PBV) of the company's food and beverage subsectors listed on the Indonesia Stock Exchange. The data used is secondary data with a sample collection method using purposive sampling. Where the population of this study used is the food and beverage subsectors company listed on the Indonesia Stock exchange with a period of observation 2016 – 2018, with the final samples of research 12 companies selected. Data analysis techniques are conducted using descriptive statistics and data regression analysis panels with the help of E-Views version 10 and Microsoft Excel applications 2013. The results of the research are partially known that the company structure (DER) affects on the company's value (PBV), profitability (ROE) affects the company’s value and the Company Size has no effects to the company's value. As well as independent variables explain the dependent variable by 91.76% Keywords: Capital Structure, Profitability, Company Size and Company Value

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DETERMINAN TIMELINESS OF FINANCIAL REPORTING PADA INDUSTRI MANUFAKTUR INDONESIA

Competitive Jurnal Akuntansi dan Keuangan ◽

10.31000/competitive.v2i1.467 ◽

2017 ◽

Vol 2 (1) ◽

pp. 73

Author(s):

Mohamad Zulman Hakim

Keyword(s):

Financial Reporting ◽

Manufacturing Industry ◽

Sampling Method ◽

Stock Exchange ◽

Financial Statements ◽

Company Size ◽

Return On Assets ◽

Financial Report ◽

Independent Variables ◽

Equity Ratio

This study aims to prove empirically the factors that affect the Timeliness of Financial Reporting. These factors are Return on Assets (ROA), Debt to Equity Ratio (DER), Company Size and Auditor Opinion as Independent Variables and Timeliness of Financial Statements as Dependent Variables.The population of this study is the Manufacturing Industry listed on the Indonesia Stock Exchange period 2012-2014. The sample was determined by purposive sampling method and 66 companies were obtained. The data used are obtained from the published company financial report. The method of analysis used is logistic regression at 5% significance level.Empirical study shows that ROA has significant effect on Timeliness of Financial Reporting. DER, Company Size and Auditor Opinion have no significant effect on Timeliness of Financial Reporting. Keywords: ROA, DER, Company Size, Auditor Opinion, Timeliness of Financial Reporting

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ANALISIS PENGARUH STRUKTUR MODAL, UKURAN PERUSAHAAN, AGENCY COST, LIKUIDITAS TERHADAP KINERJA PADA PERUSAHAAN PERBANKAN YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) PERIODE 2015-2019

JURNAL ILMIAH EDUNOMIKA ◽

10.29040/jie.v5i1.1937 ◽

2021 ◽

Vol 5 (1) ◽

Author(s):

Mia Audina

Keyword(s):

Capital Structure ◽

Banking Sector ◽

Stock Exchange ◽

Agency Cost ◽

Statistical Test ◽

Company Size ◽

Company Performance ◽

Current Ratio ◽

Independent Variables ◽

Equity Ratio

This study aims to examine the effect of capital structure, firm size, agency cost and liquidity on company performance. Researchers found differences in results between previous studies which are strong reasons why this research is feasible. The sample includes 8 banking sector companies listed on the Indonesia Stock Exchange (BEI) for the period 2015-2019. In this study, capital structure is proxied by using the Debt to Equity Ratio (DER), company size is proxied by using (Size), agency cost is proxied by using Free Cash Flaw (FCF), and liquidity is proxied by the current ratio. The method of analysis in this research is descriptive statistical test, classical assumption test and multiple regression analysis using the SPSS application. The results showed that the independent variables, namely capital structure, agency cost have a positive and significant effect on company performance, while the independent variables, namely company size and liquidity, have a negative and significant effect on company performance. Keywords : Struktur modal,ukuran perusahaan, agency cost, likuiditas, kinerja perusahaan.

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Pengaruh Profitabilitas, Likuiditas, Struktur Aktiva, Ukuran Perusahaan, dan Tax Avoidance Terhadap Struktur Modal

EKONOMIS Journal of Economics and Business ◽

10.33087/ekonomis.v5i1.286 ◽

2021 ◽

Vol 5 (1) ◽

pp. 168

Author(s):

Muhammad Efendi ◽

Kartika Hendra Titisari ◽

Suhendro Suhendro

Keyword(s):

Capital Structure ◽

Sampling Method ◽

Stock Exchange ◽

Linear Regression Analysis ◽

Tax Avoidance ◽

Secondary Data ◽

Multiple Linear Regression Analysis ◽

Company Size ◽

Food And Beverage ◽

Data Source

This study aims to determine the effect of profitability, liquidity, asset structure, company size, and tax avoidance on capital structure. The population in this study is the food and beverage sub-sector companies listed on the Indonesia Stock Exchange (BEI) 2016-2019. The sample was selected from the purposive sampling method and got a sample of 10 companies from several criteria. The data source is secondary data from the website www.idx.co.id. This research uses multiple linear regression analysis. The results of this research indicate that profitability affects the capital structure. Meanwhile, liquidity, asset structure, company size and tax avoidance have no effect on capital structure.

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Corporate Governance to Prevent Financial Distress Evidence from Corporate Governance Perceptions Index of Indonesian Companies

Indonesian Journal Of Business And Economics ◽

10.25134/ijbe.v1i1.1360 ◽

2018 ◽

Vol 1 (1) ◽

Author(s):

Teti Rahmawati ◽

Yana Hendriyana

Keyword(s):

Corporate Governance ◽

Financial Distress ◽

Sampling Method ◽

Stock Exchange ◽

Company Size ◽

Purposive Sampling ◽

Good Corporate Governance ◽

Unobserved Variables

This study aims to determine the influence of Good Corporate Governance (GCG), Company Size, Liquidity, and Rentability on Financial Distress of companies listed on Corporate Governance Perception Index (CGPI) partially and simultaneously. �The population of this research is companies listed on the Indonesian Stock Exchange (BEI) and Corporate Governance Perception ranks starting from 2013 to 2016. Based on the criteria above, 59 companies are selected. The sampling of this research is taken by using purposive sampling method from the population with a target of several considerations. The result shows that Good Corporate Governance does not significantly influence Financial Distress, Company Size negatively affects Financial Distress, Liquidity positively affects Financial Distress, and Rentability positively affects Financial Distress.� Good Corporate Governance, Company Size, Liquidity, and Rentability partially influence Financial Distress with coefficient determination is 92,25% while 2,75% is explained by other unobserved variables in outside the model.

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The Influence of Capital Structure Towards Profitability of Fishery Companies Listed in Indonesia Stock Exchange

International Journal of Accounting and Financial Reporting ◽

10.5296/ijafr.v8i2.12414 ◽

2018 ◽

Vol 8 (2) ◽

pp. 47

Author(s):

Siti Rochmah ◽

Diah Yuliana ◽

Arini Novandalina

Keyword(s):

Data Analysis ◽

Capital Structure ◽

Stock Exchange ◽

Sample Selection ◽

Positive Influence ◽

Selection Method ◽

Return On Equity ◽

Purposive Sampling ◽

Negative Results ◽

Equity Ratio

This study discuss the effect of capital structure on profitability at fishery companies listed on the BEI (2014-2016.). The research aims to Analyze the influence of capital structure of Debt to Equity Ratio (DER) to Return On Equity ROE) on Fishery Companies listed on the Stock Exchange. The population in this research are three fishery companies with capital structure and Profitability of fishery company listed in Indonesia Stock Exchange. Whereas the sample selection method used is Purposive Sampling. Based on the results of data analysis and discussion that has been described then the conclusions in this study are DER Ratio influencing the ROE of Fisheries Companies listed in Indonesia Stock Exchange period 2014 -2016. The hypothesis that there is a positive influence is rejected. Because the results of research on fishery companies turned out to show negative results.

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PENGARUH KRISIS MONETER PADA KINERJA KEUANGAN DAN NILAIPERUSAHAAN

Media Riset Akuntansi Auditing & Informasi ◽

10.25105/mraai.v9i1.666 ◽

2009 ◽

Vol 9 (1) ◽

pp. 34

Author(s):

Nelli Novyarni

Keyword(s):

Financial Performance ◽

Stock Exchange ◽

Tobin’S Q ◽

Corporate Value ◽

Manufacturing Companies ◽

Tobin's Q ◽

Financial Ratio ◽

Before And After ◽

Equity Ratio ◽

Monetary Crisis

This study was aimed analyzing the monetary crisis on financial performance and corporation value effect.This study found that the monetary crisis affect on financial performance and corporation value. The study on 50 manufacturing companies consist of 25 companies variety business and industry and pharmacist notes at Jakarta Stock Exchange from 1992 to 2002 revealed that the monetary crisis cause decrease in financial performance and corporate value. Based on before and after mean financial and Tobin 's Q ratio, it found that the monetary crisis cause decrease in financial performance especially in 1998 and corporation value from 1998 to 2002. This study also found that based on each sector, the monetary crisis affect all financial ratio at sector one, especially in 1998 and 2000 and the monetary crisis just affect debt to equity ratio from to 2002 at sector two. Beside that the monetary crisis affect corporation value of all sectors.Keywords: Monetary crisis; financial ratio; Tobin's Q; Financial Performance; Value of the firm.

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Components of working capital and profitability in Saudi Arabian companies

Investment Management and Financial Innovations ◽

10.21511/imfi.18(3).2021.05 ◽

2021 ◽

Vol 18 (3) ◽

pp. 52-62

Author(s):

Abdul Rahman Shaik

Keyword(s):

Stock Exchange ◽

Manufacturing Sector ◽

Tobin’S Q ◽

Working Capital ◽

Tobin's Q ◽

Return On Equity ◽

Cash Conversion Cycle ◽

Operating Profit ◽

Industrial Sectors ◽

Firm Profitability

The study examines the influence of the cash conversion cycle (one of the components of working capital) on the firm profitability measured in terms of return on equity (ROE), return on assets (ROA), Tobin’s q, and gross operating profit (GROP) in the manufacturing sector of Saudi Arabia. The study selects a sample of 100 companies from nine industrial sectors listed on the Tadawul Stock Exchange starting from 2008 to 2019. A pooled regression is estimated to report the empirical results. The results report a positive and significant association between the components of working capital in terms of cash conversion cycle and the firm profitability in terms of ROA, ROE, and Tobin’s q, except for the GROP, where there is a negative and significant relationship. The study reports that the growth in firm performance is associated with supplier’s financing terms and inventory ordering cost. The results also show that larger firms are more profitable than smaller firms. Hence, the current study confirms the formulated hypothesis of having a significant association between the components of working capital and firm profitability.

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PENGARUH PENERAPAN GOOD CORPORATE GOVERNANCE TERHADAP STRUKTUR MODAL PERUSAHAAN GO PUBLIC YANG TERCATAT DI BURSA EFEK INDONESIA

El Muhasaba Jurnal Akuntansi ◽

10.18860/em.v4i1.2330 ◽

2013 ◽

Vol 4 (1) ◽

Author(s):

ERIKA SEPTIANTY

Keyword(s):

Corporate Governance ◽

Capital Structure ◽

Stock Exchange ◽

Institutional Ownership ◽

Managerial Ownership ◽

Executive Directors ◽

Control Variables ◽

Good Corporate Governance ◽

Equity Ratio ◽

A Company

Good Corporate Governance (GCG) is increasingly popular. but has a very important meaning in the system of corporate governance and managerial aspects, and investing in a good organization profit organization and this research uses its capital structure as measured by the debt-equity ratio as the dependent variable, while institutional ownership and managerial ownership as well as company size and profitability as the independent variable and three control variables. Control variables are variables that are controlled or held constant so that the effect o outside factors. Control variables used in the study include the Board of Directors, non-executive directors, and chair duality. Research is underway to find empirical evidence of the influence of the implementation of Good Corporate governanve the company's capital structure. The population used in this study is a company listed on the Indonesia Stock Exchange, while the sample is a company in the implementation of corporate governance ranking by IICG during the period 2005-2011. From the results of testing the hypothesis, suggesting that the effect of corporate governance is proxied by managerial ownership, institutional ownership and firm size has no influence not have any impact on capital structure. The research proves that the variables have an influence on the profitability of capital structure. In general, the results of this study indicate that companies listed on the Stock Exchange has not fully considering the use of corporate governance in determining capital structure. Keyword: Managerial Ownership, Institutional Ownership, Profitability, Firm Size, Good Corporate Governance, Capital Structure. ABSTRAK Good Corporate Governance (GCG) semakin populer. namun mempunyai arti yang sangat penting dalam sistem tata kelola perusahaan maupun dalam aspek manajerial dan investasi dalam suatu organisasi baik organisasi laba dan nonlaba.Penelitian ini menggunakan struktur modal yang diukur dengan debt-equity ratio sebagai variabel dependen, sedangkan kepemilikan institusional dan kepemilikan manajerial, serta ukuran perusahaan dan profitabilitas sebagai variabel independen dan tiga variabel kontrol. Variabel kontrol merupakan variabel yang dikendalikan atau dibuat konstan sehingga pengaruh variabel independen terhadap variabel dependen tidak dipengaruhi oleh faktor luar yang tidak diteliti. Variabel kontrol yang digunakan dalam penelitian antara lain Dewan Direksi, non-executive directors, dan chair duality. Penelitian ini dilakukan untuk menemukan bukti empris adanya pengaruh penerapan Good Corporate governanve terhadap struktur modal perusahaan. Populasi yang digunakan dalam penelitian ini adalah perusahaan yang terdaftar di Bursa Efek Indonesia, sedangkan sampel adalah perusahaan yang masuk dalam pemeringkatan penerapan corporate governance yang dilakukan oleh IICG selama periode 2005-2011. Dari hasil pengujian hipotesis, menunjukkan bahwa pengaruh corporate governance yang diproksikan oleh kepemilikan manajerial, kepemilikan institusional dan ukuran perusahaan tidak mempunyai pengaruh terhadap struktur modal. Hasil penelitian membuktikan bahwa variabel profitabilitas mempunyai pengaruh terhadap struktur modal.Secara umum hasil penelitian ini menunjukkan bahwa perusahaan yang terdaftar di BEI belum sepenuhnya memperhatikan penggunaan corporate governance dalam menentukan kebijakan struktur modalnya, kata kunci: good corporate governanve, kepemilikan manajerial, kepemilikan institusional, profitabilitas, ukuran perusahaan, struktur modal

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