scholarly journals Dampak Rasio Keuangan Dan Good Corporate Governance Terhadap Nilai Perusahaan

2021 ◽  
Vol 3 (2) ◽  
pp. 538
Author(s):  
Velecia Apriana ◽  
Herman Ruslim
Keyword(s):  
Corporate Governance ◽  
Cash Flow ◽  
Firm Value ◽  
Free Cash Flow ◽  
Flow Ratio ◽  
Current Ratio ◽  
Return On Equity ◽  
Good Corporate Governance ◽  
Panel Data Regression ◽  
Data Regression

This study aims to examine the effect of financial ratios (liquidity, profitability, and free cash flow) and good corporate governance (independent board of commissioners) on firm value by using time-series data of property and real estate companies listed in Indonesia Stock Exchange in the period of 2015-2019. The samples of this study were 33 firms (165 observations). The method used in this study is multiple panel data regression analysis using E-Views 10.0 software. Firm value is measured by Tobin’s Q, liquidity is measured by current ratio, profitability is measured by return on equity, free cash flow is measured by free cash flow ratio, and independent board of commissioners is measured by independent commissioners ratio. The results show that liquidity and free cash flow significantly influence firm value, but profitability and independent board of commissioners do not have any significant influence on firm value. Penelitian ini bertujuan untuk menguji pengaruh rasio keuangan (liquidity, profitability, dan free cash flow) dan good corporate governance (independent board of commissioners) terhadap firm value dengan menggunakan data time-series pada perusahaan property dan real estate yang terdaftar di BEI periode 2015-2019. Sampel pada penelitian ini berjumlah 33 perusahaan (165 observasi). Metode yang digunakan dalam penelitian ini adalah panel data regression analysis menggunakan software E-Views 10.0. Firm Value diukur menggunakan Tobin’s Q, liquidity diukur menggunakan current ratio, profitability diukur menggunakan return on equity, free cash flow diukur menggunakan free cash flow ratio, dan independent board of commissioners diukur menggunakan independent commissioners ratio. Hasil penelitian menunjukkan bahwa liquidity dan free cash flow berpengaruh signifikan terhadap nilai perusahaan, tetapi profitability dan independent board of commissioners tidak berpengaruh signifikan terhadap firm value.

scholarly journals Effect of Free Cash Flow, Enterprise Risk Management Disclosure and Sustainability Report on Company Value With Corporate Governance as Moderating Variable

SENTRALISASI ◽  
2021 ◽  
Vol 10 (2) ◽  
pp. 140
Author(s):  
Nur Aeni Waly ◽  
Noer Sasongko ◽  
Fatchan Achyani
Keyword(s):  
Risk Management ◽  
Corporate Governance ◽  
Cash Flow ◽  
Firm Value ◽  
Enterprise Risk Management ◽  
Free Cash Flow ◽  
Good Corporate Governance ◽  
Enterprise Risk ◽  
The Relationship ◽  
Sustainability Report

This study aims to analyze the effect of free cash flow, enterprise risk management disclosure, and sustainability report on the value of companies with good corporate governance as a moderating variable listed on the Jakarta Islamic Index companies during the 2015-2019 periods. The samples used were 57 companies in (JII) period 2015 – 2019. The data analysis method used is multiple regressions with the help of Spss 26 to analyze the moderating effect. The results of this analysis show that free cash flow has no effect on firm value, enterprise risk management disclosure does not affect firm value, sustainability report does not has an effect on firm value, and good corporate governance does not moderate the relationship between free cash flow and firm value, good corporate governance moderates the relationship between enterprise risk management disclosure on firm value, and good corporate governance does not affect firm value. moderation of the relationship between the sustainability report and the value of the company.

scholarly journals FIRM VALUE: PRICE EARNING GROWTH DETERMINATION IN AGRICULTURAL SECTOR COMPANIES

2021 ◽  
Vol 19 (2) ◽  
pp. 384-393
Author(s):  
Ali Jamaludin ◽  
◽  
Budi Purwanto ◽  
Wita Juwita Ermawati ◽  
◽  
...  
Keyword(s):  
Firm Value ◽  
Agricultural Sector ◽  
Earning Growth ◽  
Current Ratio ◽  
Return On Equity ◽  
True Value ◽  
Panel Data Regression ◽  
Risk Characteristics ◽  
Data Regression ◽  
Price Earnings Ratio

This study analyzes firm value with several variables that determine the high and low firm value. The ratios used in measuring firm value are price earnings growth (PEG) and price-earnings ratio (PER). In addition, in this study, PER served as a mediating variable and a comparison PEG in describing a true firm value. The samples obtained were 17 agricultural sector companies listed on the IDX for five years of observation from 2015 to 2019. The analytical methods used were RMSE, panel data regression, and path analysis. This research found that PEG is better at describing a firm’s true value than PER. In addition, this study also found that the variable current ratio and debt to total capitalization ratio do not affect PEG. Meanwhile, the variable return on equity affects PEG. Next, the variable current ratio, debt to total capitalization ratio, and return on equity affect PEG after being mediated through PER. The return on equity is the determining variable in influencing the high and low PEG values. Further PEG research can be carried out on companies with high-risk characteristics such as banking, mining, property, real estate, construction, and buildings.

scholarly journals PENGARUH KEBIJAKAN DIVIDEN DAN LEVERAGE TERHADAP NILAI PERUSAHAAN DENGAN GCG SEBAGAI MODERASI

2020 ◽  
Vol 5 (3) ◽  
pp. 330-338
Author(s):  
Feby Ashary ◽  
Muhammad Yunus Kasim
Keyword(s):  
Corporate Governance ◽  
Regression Analysis ◽  
Firm Value ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Manufacturing Sector ◽  
Purposive Sampling ◽  
Good Corporate Governance ◽  
Panel Data Regression ◽  
Data Regression

This study aims to determine the effect of dividend and leverage policy on firm value in manufacturing sector in the Indonesia Stock Exchange (IDX) with good corporate governance as moderating variable for the 2013-2017 period. The population in this study amounted to 130 companies. The research  sample of 17 companies using purposive sampling techniques. The analytical tool used is panel data regression with moderate regression analysis (MRA). The results showed that dividend policy (DPR) and leverage (DER) simultaneously had positive and significant effect on firm value (Q). Partial testing shows that dividend policy and leverage have positive and significant effect on firm value. Whereas GCG (KM) as moderating weakens the relationship between dividend policy on firm value and leverage on firm value. Penelitian ini bertujuan untuk mengetahui Pengaruh Kebijakan Dividen dan Leverage Terhadap Nilai Perusahaan Pada Sektor Manufaktur di Bursa Efek Indonesia (BEI) dengan Good  Corporate Governance (GCG) Sebagai Variabel Moderasi Periode 2013-2017. Populasi dalam penelitian ini berjumlah 130 perusahaan. Sampel penelitian berjumlah 17 perusahaan dengan menggunakan teknik purposive sampling. Alat analisis yang digunakan ialah regresi data panel dan Moderate Regression Analysis (MRA).  Hasil penelitian menunjukkan kebijakan dividen (DPR) dan leverage (DER) secara simultan berpengaruh positif dan signifikan terhadap nilai perusahaan (Q). Pengujian secara parsial menunjukkan kebijakan dividen dan leverage berpengaruh positif dan signifikan terhadap nilai perusahaan. Sedangkan GCG (KM) sebagai moderasi memperlemah hubungan antara kebijakan dividen terhadap nilai perusahaan maupun leverage terhadap nilai perusahaan.

scholarly journals THE EFFECT OF CAPITAL STRUCTURE, CORPORATE GOVERNANCE, LIQUIDITY AND FIRM SIZE ON FIRM VALUE WITH ROE AS INTERVENING VARIABLES

2018 ◽  
Vol 19 (3) ◽  
pp. 24
Author(s):  
Faridhatun Faidah
Keyword(s):  
Corporate Governance ◽  
Capital Structure ◽  
Firm Size ◽  
Firm Value ◽  
Stock Exchange ◽  
Institutional Ownership ◽  
Current Ratio ◽  
Panel Data Regression ◽  
Data Regression ◽  
Intervening Variables

This research is aim to analyze the factors that affect value of firms with ROE as a mediationvariable. Of 101 manufacture companies listed in Indonesian Stock Exchange during 2011-2015period are used as sample in this research. By using panel data regression and path analysisit is found that ROE is mediating the effect of DER to firm value. However, the mediating effectof ROE on institutional ownership, the current ratio and firm size to firm value are not founded.With this result it is suggested that to increase firm value companies should increase DER,institutional ownership and ROE.Keywords: Capital Structure, Corporate Governance, Liquidity, Firm Size, ROE, Firm Value

scholarly journals PENGARUH GOOD CORPORATE GOVERNANCE TERHADAP NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI VARIABEL INTERVENING (Studi Pada Perusahaan Perbankan Di Bursa Efek Indonesia)

2018 ◽  
Vol 5 (2) ◽  
pp. 45-58
Author(s):  
G. A Sri Oktaryani ◽  
I Nyoman Nugraha Ardana P ◽  
Iwan Kusuma Negara ◽  
Siti Sofiyah ◽  
I Gede Mandra
Keyword(s):  
Corporate Governance ◽  
Firm Value ◽  
Stock Price ◽  
Banking Sector ◽  
Negative Impact ◽  
Positive Impact ◽  
Stock Exchange ◽  
Return On Equity ◽  
Good Corporate Governance ◽  
Significant Direct Effect

This research examines the effect of Good Corporate Governance (GCG) on firm value by using profitability as intervening variable.  Profitability is proxied by Return On Asset (ROA) and Return On Equity (ROE). This study used a quantitative approach and path analysis. The population consists of 35 firms that were listed in Banking sector of Indonesian Stock Exchange over period 2013 – 2015. There are 34 firms are choosen as samples which has published GCG composit index throughout observation years and has not done corporate action that could affect the stock price directly. The findings show that GCG has positive and significant direct effect on firm value. Furthermore, ROA has positive impact on firm value; meanwhile ROE has negative impact on firm value. The results also show that the better the implementation of GCG the higher the Return on Asset. Moreover, the indirect effect of GCG on firm value through profitability is not significant. Keywords: GCG, profitability, ROA, ROE, firm value.

scholarly journals Determinan Manajemen Laba Perusahaan di Sektor Konsumsi

2019 ◽  
Vol 3 (2) ◽  
pp. 96
Author(s):  
Muhammad Fajri
Keyword(s):  
Corporate Governance ◽  
Earnings Management ◽  
Cash Flow ◽  
Institutional Ownership ◽  
Free Cash Flow ◽  
Earning Management ◽  
Managerial Ownership ◽  
Leverage Ratio ◽  
Good Corporate Governance ◽  
The Impact

The aim of this research is to provide empirical evidence on the impact of good corporate governance, free cash flow, and leverage ratio on earnings management. Good corporate governance is measured by audit committee’s size, the proportion of independent commissioners, institutional ownership, and managerial ownership. Discretionary accrual is the proxy of earning management. This research used 28 consumer goods companies listed in Indonesia Stock Exchange from 2016 to 2018. Data were analyzed using panel data with random effect model. Based on the result of analysis concluded that all components of good corporate governance (audit committee’s size, the proportion of independent commissioners, institutional ownership, and managerial ownership), have no significant effect on earnings management, on other hand leverage ratio has a negative effect and no significant on earning management, and free cash flow has a positve and no significant effect on earnings management

scholarly journals The Good Corporate Governance Dan Free Cash Flow Terhadap Manajemen Laba PT. Tubagus Jaya Mahakarya Cilegon

2020 ◽  
Vol 3 (2) ◽  
pp. 240-248
Author(s):  
Ihwan Satria Lesmana ◽  
Lilian Oktaviani ◽  
Abdul Bahits
Keyword(s):  
Corporate Governance ◽  
Cash Flow ◽  
Free Cash Flow ◽  
Good Corporate Governance

Good Corporate Governance dapat meminimalisir adanya manajemen laba, Good Corporate Governance merupakan suatu konsep monitoring untuk meningkatkan kinerja perusahaan yang dikelola oleh manajemen dan untuk menjaga akuntanbilitas manajemen dalam melindungi kepentingan stakeholder, sehingga diharapkan dapat menyelaraskan berbagai kepentingan. Perusahaan dengan arus kas bebas yang tinggi akan memiliki kesempatan yang lebih besar untuk melakukan manajemen laba. Penelitian ini digunakan untuk mengetahui pengaruh Good Corporate Governance dan Free Cash Flow terhadap Manajemen Laba pada PT. Tubagus Jaya Mahakarya Kota Cilegon Periode 2016-2018. Jenis penelitian yang digunakan dalam penelitian ini, yaitu penelitian kuantitatif dengan metode asosiatif kausal (hubungan). Hasil uji hipotesis Penerapan Good Corporate Governance dan free cash flow secara simultan terhadap manajemen laba diperoleh Fhitung > Ftabel (20,980  > 3,316) dengan nilai signifikasi kurang dari 0,05, sehingga dapat disimpulkan bahwa terdapat pengaruh dan signifikan penerapan Good Corporate Governance dan Free Cash Flow secara simultan terhadap manajemen laba pada perusahaan PT. Tubagus Jaya Mahakarya Kota Cilegon periode tahun 2016-2018.

scholarly journals PENGARUH FREE CASH FLOW DAN LEVERAGE TERHADAP MANAJEMEN LABA DENGAN GOOD CORPORATE GOVERNANCE SEBAGAI VARIABEL MODERASI

AKUNTABILITAS ◽  
2019 ◽  
Vol 13 (1) ◽  
pp. 69-82
Author(s):  
Erma Setiawati ◽  
Mujiyati Mujiyati ◽  
Erma Marga Rosit
Keyword(s):  
Corporate Governance ◽  
Regression Analysis ◽  
Earnings Management ◽  
Cash Flow ◽  
Free Cash Flow ◽  
Leverage Effect ◽  
Purposive Sampling ◽  
Good Corporate Governance

This research aimed to examine the effect of free cash flow and leverage to earnings management.This study also examines the role of good corporate governance as measured by the index Government in moderating influence of free cash flow and leverage on earnings management. This research was conducted in the company are listed in the JakartaIslamicIndex(JII)from2015-2017 and unlisted in the Bursa Efek Indonesia(BEI).The sample is determined by purposive sampling with 45 samples. This analysis uses regression analysis moderation (MRA). The results of the research indicate where (1) free cash flow significant effect on earnings management, (2) no leverage effect on earnings management, (3) good corporate governance as measured by the index of corporate governance is not able to moderate the influence of free cash flow and earnings management

scholarly journals Effect Of Good Corporate Governance On Company Profitability RE & Property Sector In Indonesia

2019 ◽  
Vol 23 (1) ◽  
pp. 17
Author(s):  
Ahmad Azmy, Dea Restiya Anggreini, Mohammad Hamim
Keyword(s):  
Corporate Governance ◽  
Board Of Directors ◽  
Audit Committee ◽  
Negative Relationship ◽  
Secondary Data ◽  
Return On Assets ◽  
Return On Equity ◽  
Good Corporate Governance ◽  
Panel Data Regression ◽  
The Board Of Directors

This study aims to examine the effect of Good Corporate Governance (GCG) on company profitability. The dependent variable are Return On Assets (ROA) and Return On Equity (ROE). The independent variable are Good Corporate Governance (GCG) represented by the Board of Commissioners, the Board of Directors, and the Audit Committee. This study uses secondary data from audited financial statements of Real Estate and Property companies in 2013-2017. The analytical tool used in this study uses panel data regression. Based on the results of the study it is known that the Board of Directors and Audit Committee variables have a significant positive effect on ROA and ROE. The Board of Commissioners variable has no influence and negative relationship to ROA and ROE.

scholarly journals PENGARUH KOMPENSASI MANAJEMEN DAN GOOD CORPORATE GOVERNANCE TERHADAP MANAJEMEN PAJAK SUB SEKTOR MAKANAN DAN MINUMAN DI BURSA EFEK INDONESIA

2019 ◽  
Author(s):  
Melsy Darta ◽  
Marlina
Keyword(s):  
Corporate Governance ◽  
Panel Data ◽  
Stock Exchange ◽  
Management Compensation ◽  
Good Corporate Governance ◽  
Panel Data Regression ◽  
Tax Management ◽  
Data Regression ◽  
Food And Beverage ◽  
Positive Effect

ABSTRACTThis study aims to examine the effect of management compensation, the number of board of commissioners and the percentage of independent commissioners on tax management. The object of this research is the food and beverage sub-sector companies listed on the Indonesia stock exchange. The population in this study is the food and beverage sub-sector companies listed on the Indonesia stock exchange in the period 2013 - 2017. The sample used was Purposive Sampling, a total of 8 companies that will be sampled with 40 observations.The method of analysis of this study uses panel data regression using Eviews 8. The results of this study indicate that management compensation has a positive effect on tax management , the number of board of commissioners and percentage of independent commissioners have no effect on tax management. Keywords: management compensation, board of commissioners, the percentage of independent commissioners, tax management

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