scholarly journals Peran Kinerja Keuangan dalam Memoderasi Good Corporate Governance Terhadap Nilai Perusahaan Pada Sektor Perbankan Yang Terdaftar di Bursa Efek Indonesia

2019 ◽  
Vol 2 (2) ◽  
pp. 91-108
Author(s):  
I Gusti Ayu Gita KW
Keyword(s):  
Corporate Governance ◽  
Regression Analysis ◽  
Tobin’S Q ◽  
Tobin's Q ◽  
Good Corporate Governance

Tujuan dari penelitian ini adalah untuk mengetahui pengaruh good corporate governance terhadap nilai perusahaan, serta untuk mengetahui apakah kinerja keuangan mempengaruhi hubungan antara good corporate governance terhadap nilai perusahaan. Kinerja keuangan diukur menggunakan loan to deposit ratio. Nilai perusahaan diproksikan dengan Tobin’s Q. Ukuran perusahaan dan reputasi bank sebagai variabel kontrol. Penelitian ini dilakukan pada perusahaan sektor perbankan yang listing di Bursa Efek Indonesia. Jumlah sampel yang digunakan sebanyak 167 sampel selama tahun pengamatan 2015-2018. Teknik analis data yang digunakan yaitu uji Moderated Regression Analysis. Berdasarkan hasil penelitian menunjukkan bahwa good corporate governance (yang diproksikan dengan kepemilikan institusional, kepemilikan manajerial dan komisaris independen) sebelum dan sesudah dimoderasi oleh loan to deposit ratio tidak berpengaruh signifikan terhadap nilai perusahaan. Hanya ukuran perusahaan dan reputasi bank yang dapat berpengaruh positif terhaadap nilai perusahaan.

scholarly journals Pengaruh Pengungkapan Corporate Social Responsibility Pada Nilai Perusahaan Dengan Good Corporate Governance Sebagai Pemoderasi

2019 ◽  
pp. 1299
Author(s):  
Ayu Nikita Vira ◽  
Made Gede Wirakusuma
Keyword(s):  
Corporate Governance ◽  
Regression Analysis ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Tobin’S Q ◽  
Tobin's Q ◽  
Good Corporate Governance ◽  
Corporate Social

Salah satu hal yang dapat mendorong perusahaan mengungkapkan CSR dengan baik adalah Good Corporate Governance yang di terapkan pada perusahaan tersebut. Tujuan penelitian ini adalah untuk mengetahui pengaruh pengungkapan CSR pada nilai perusahaan serta pengaruh GCG sebagai pemoderasi didukung dengan inkosistensi hasil penelitian terdahulu. Sampel dalam penelitian ini adalah perusahaan pertambangan yang terdaftar di BEI tahun 2013-2017 sejumlah 33 perusahaan, CSR dihitung menggunakan CSRDI GRI G4, Tobin’s Q untuk mengukur nilai perusahaan dan proksi GCG diperoleh dengan menentukan skor tertinggi menggunakan metode analisis faktor. Teknik analisis data penelitian ini menggunakan Moderated  Regression Analysis. Simpulan dari hasil penelitian ini adalah pengungkapan CSR berpengaruh negatif pada nilai perusahaan, serta praktik GCG dapat memperkuat pengaruh dari pengungkapan CSR pada Nilai Perusahaan pada perusahaan pertambangan yang terdaftar di BEI pada periode 2013-2017.   Kata Kunci: CSR, nilai perusahaan, GCG

scholarly journals ANALISIS PENGARUH GOOD CORPORATE GOVERNANCE TERHADAP NILAI PERUSAHAAN DENGAN CORPORATE SOCIAL RESPONSIBILITY SEBAGAI VARIABELPEMODERASI (STUDI PADA INDEKS SRI-KEHATIYANG LISTED DI BEI)

2019 ◽  
Vol 8 (1) ◽  
Author(s):  
Iwan Kusuma Negara
Keyword(s):  
Corporate Governance ◽  
Regression Analysis ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Firm Value ◽  
Tobin’S Q ◽  
Tobin's Q ◽  
Good Corporate Governance ◽  
Csr Disclosure ◽  
Corporate Social

This study aims to analyze the influence of Good Corporate Governance (GCG) moderated by Corporate Social Responsibility (CSR) toward firm value in the period of 2014-2016 by using Moderated Regression Analysis method. The population in this research consists of 25 firms listed in the SRI-KEHATI Index which is an index on the Indonesia Stock Exchange, formed by the biodiversity foundation (Kehati) by prioritizing the principles of sustainability and social responsibility.There are 11 firms selected as research samples obtained by purposive sampling technique.The data used are secondary data in the form of company annual report during the study period, which published through website www.idx.co.id. Hypotheses testing are conducted by t-test and F-test. The results showed that GCG did not have a significant effect on firm value as measured by Tobin's Q. Meanwhile, as an independent variable, CSR disclosure gave an insignificant negative effect on firm value.As a moderating variable, CSR was able to strengthen the relationship between GCG and firm value.This is because  CSR disclosure is one form of implementation of GCG, which means if the CSR disclosure getting better, it also will make the GCG better. Eventually, it will affect the change on firm value. Penelitian ini bertujuan untuk menganalisis pengaruh Good Corporate Governance (GCG) yang dimoderasi oleh Corporate Social Responsibility (CSR) terhadap nilai perusahaan pada periode 2014-2016 dengan menggunakan metode Moderated Regression Analysis. Populasi dalam penelitian ini terdiri dari 25 perusahaan yang terdaftar dalam Indeks SRI-KEHATI yang merupakan indeks di Bursa Efek Indonesia, yang dibentuk oleh yayasan keanekaragaman hayati (Kehati) dengan memprioritaskan prinsip-prinsip keberlanjutan dan tanggung jawab sosial. Ada 11 perusahaan yang dipilih sebagai sampel penelitian yang diperoleh dengan teknik purposive sampling. Data yang digunakan adalah data sekunder dalam bentuk laporan tahunan perusahaan selama masa studi, yang dipublikasikan melalui situs web www.idx.co.id. Pengujian hipotesis dilakukan dengan uji-t dan uji-F. Hasil penelitian menunjukkan bahwa GCG tidak memiliki pengaruh yang signifikan terhadap nilai perusahaan yang diukur dengan Tobin's Q. Sementara itu, sebagai variabel independen, pengungkapan CSR memberikan pengaruh negatif yang tidak signifikan terhadap nilai perusahaan. Sebagai variabel moderasi, CSR mampu memperkuat hubungan antara GCG dan nilai perusahaan. Hal ini karena pengungkapan CSR adalah salah satu bentuk penerapan GCG, yang berarti jika pengungkapan CSR semakin baik, maka juga akan membuat GCG lebih baik. Akhirnya, itu akan mempengaruhi perubahan pada nilai perusahaan. Keywords: Good Corporate Governance, Corporate Social Responsibility, Firm Value, Tobin's Q, Regression Analysis,SRI-KEHATIIndex. Kata Kunci: Tata Kelola Perusahaan yang Baik, Tanggung Jawab Sosial Perusahaan, Nilai Perusahaan, Tobin Q, Analisis Regresi, Indeks SRI-KEHATI.

scholarly journals Bagaimana Good Corporate Governance (GCG) dalam Keberlanjutan Perusahaan?

2020 ◽  
Vol 3 (2) ◽  
pp. 225
Author(s):  
K. Kurniyati ◽  
K. Khairiyani
Keyword(s):  
Corporate Governance ◽  
Firm Value ◽  
Stock Price ◽  
Structural Equation ◽  
Partial Least Square ◽  
Least Square ◽  
Equation Modeling ◽  
Tobin’S Q ◽  
Tobin's Q ◽  
Good Corporate Governance

<p>This research aimed to examine the effect of Good Corporate Governance (GCG) on firm value. Good Corporate Governance (GCG) was measured by the Corporate Governance Perception Index (CGPI). CGPI was assessed by the Indonesian Institute of Corporate Governance (IICG), an independent institute that was conducting the development of Good Corporate Governance in Indonesia. The firm value was reflected by the stock price, PBV (Price to Book Value), and Tobin’s Q. This study used ten firms as a sample consistently listed in the Indonesian Stock Exchange and followed the CGPI program during 2014-2019. The sample was determined by using purposive sampling. Analysis of data in this study used Structural Equation Modeling-Partial Least Square (SEM-PLS) with SmartPLS 3rd version. The result showed that CGPI reflected Good Corporate Governance affected firm value (stock price, PBV, and Tobin’s Q).</p>

scholarly journals Pengaruh RGEC (Risk Profile, Good Corporate Governance, Earnings, dan Capital) terhadap Nilai Perusahaan (Studi Kasus Perusahaan Perbankan di BEI 2016-2018)

2021 ◽  
Vol 17 (1) ◽  
pp. 78-85
Author(s):  
Ni Putu Sita Prabawati ◽  
◽  
Norma Dewi Abdi Pradnyani ◽  
Desak Putu Suciwati ◽  
◽  
...  
Keyword(s):  
Corporate Governance ◽  
Risk Profile ◽  
Tobin’S Q ◽  
Self Assessment ◽  
Tobin's Q ◽  
Good Corporate Governance ◽  
Net Interest Margin ◽  
Interest Margin

Tujuan penelitian ini untuk mengetahui pengaruh Profil Risiko, Good Corporate Governance, Earnings, Capital, dan pengaruh RGEC secara bersama-sama terhadap nilai perusahaan yang terdaftar di Bursa Efek Indonesia (BEI) tahun 2016-2018. Penelitian ini menggunakan 44 bank dengan jumlah sampel 132. Pengumpulan data menggunakan metode observasi non partisipan. Profil risiko diukur dengan Non Performing Loans (NPL) dan Loans to Deposit Ratio. GCG diukur dengan self assessment, sedangkan Earnings diukur dengan ROA, dan Net Interest Margin (NIM). Modal diukur dengan Capital Adequancy Ratio (CAR), sedangkan nilai perusahaan dihitung menggunakan rumus Tobin's Q. Teknik analisis data yang digunakan adalah teknik analisis regresi linier berganda. Hasil penelitian ini menunjukkan: (1) Profil Risiko berpengaruh negatif dan signifikan terhadap nilai perusahaan. (2) Good Corporate Governance berpengaruh positif dan signifikan terhadap nilai perusahaan. (3) Laba berpengaruh positif dan signifikan terhadap nilai perusahaan. (4) Modal berpengaruh positif dan signifikan terhadap nilai perusahaan. (5) RGEC secara bersama-sama berpengaruh signifikan terhadap nilai perusahaan.

scholarly journals Pengaruh Corporate Governance terhadap Kinerja Pasar Emiten yang terdaftar di Indeks Saham Syariah Indonesia

2020 ◽  
Vol 5 (2) ◽  
pp. 145-154
Author(s):  
Rizkary Roslianti
Keyword(s):  
Corporate Governance ◽  
Regression Analysis ◽  
Market Performance ◽  
Secondary Data ◽  
Institutional Ownership ◽  
The Other ◽  
Managerial Ownership ◽  
Tobin’S Q ◽  
Tobin's Q ◽  
Significance Level

Corporate governance is one of the important aspects for the company. The application of proper corporate governance will affect the company’s value and amrket performance. This study aims to analyze the effect of corporate governance that represented by institutional ownership, independent commissioner and managerial ownership toward market performance that represented by Tobin’s Q. This study used a quantitative approach using secondary data (annual finance report)companies listed on Indeks Saham Syariah Indonesia years 2016- 2018. This study used a significance level of 5%. Based on the regression analysis results, it indicates that institutional ownership and managerial ownership do not have significant effect on Tobin’s Q. On the other hand, indpendent commissioner has significant effect to the Tobin’s Q. Simultaneously, institutional ownership, independent commissioner and managerial ownership have significant effect to Tobin’s Q.

scholarly journals Analisis Pengaruh Penerapan Good Corporate Governance terhadap Kinerja Perusahaan

2012 ◽  
Vol 3 (1) ◽  
pp. 141
Author(s):  
Rio Novianto Rossi ◽  
Rosinta Ria Panggabean
Keyword(s):  
Corporate Governance ◽  
Financial Reporting ◽  
Positive Influence ◽  
Operational Performance ◽  
Tobin’S Q ◽  
Tobin's Q ◽  
Return On Equity ◽  
Good Corporate Governance ◽  
The Relationship ◽  
Ranking Index

This study describes the relationship between corporate governance with corporate performance and learns about the development and implementation of GCG in Indonesia. This study uses regression analysis to determine whether corporate governance has a positive influence. Sampling of Corporate Governance Perception Index (CGPI) for 2006 to 2009 from The Indonesian Institute for Corporate Governance (IICG) was used to measure the influence of corporate governance with Tobin’s Q on the performance of the enterprise market and Return On Equity (ROE) was used to measure the operational performance of the company. This study used a sample of 40 companies surveyed by IICG from 2006 to 2009 and included in the top 10 corporate governance ranking index released by IICG and the companies’ financial reporting are also listed on the BEI (Bursa Efek Indonesia) as well. The sampling method is purposive sampling. The result of this study indicate that there is no significant relationship between corporate governance with Tobin’s Q (market performance) but there is a significant positive relationship between corporate governance with ROE (operational performance).

scholarly journals PENGARUH PENERAPAN GOOD CORPORATE GOVERNANCE TERHADAP NILAI PERUSAHAAN DENGAN IMPLEMENTASI CSR SEBAGAI VARIABEL PEMODERASI

IQTISHODUNA ◽  
2016 ◽  
Vol 10 (1) ◽  
pp. 1-7
Author(s):  
Misbahul Munir ◽  
Eka Sevia Suryandari ◽  
Anik Mahmudah
Keyword(s):  
Corporate Governance ◽  
Firm Value ◽  
Audit Committee ◽  
Stock Exchange ◽  
Analytical Models ◽  
Tobin’S Q ◽  
Tobin's Q ◽  
Good Corporate Governance ◽  
Normality Test ◽  
Corporate Social

Corporate Governance is a system that regulates and controls the company that is expected toprovide and enhance the company’s value to its shareholders. This study aims to determine the effect of theimplementation of good corporate governance (GCG) to the value of state-owned banks companies listings inIndonesia stock exchange (IDX) with the implementation of corporate social responsibility (CSR) as a moderatingvariable. This research is a quantitative, analytical models using classical assumption test consists of a testheterokedastisitas, non-autocorrelation test and normality test, followed by analysis using regression analysismoderation. The results showed that, application of good corporate governance is proxied by ManagerialOwnership (X1), Proportion of Independent Commissioner (X2), Audit Committee (X3), Independence of theAudit Committee (X4), Frequency of Audit Committee Meetings (X5) and the frequency of Board Meeting(X5) simultaneously significant effect on firm value (Tobin’s Q). With the results of R Square of 61.1% meansthat the variable Tobin’s Q (Y) in the six variables explained by the moderating variable of Corporate SocialResponsibility (Z). While the remaining 38.9% is explained by other variables or independent variables outsidethe regression equation.

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

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

scholarly journals PENGARUH GOOD CORPORATE GOVERNANCE TERHADAP KINERJA DAN NILAI PERUSAHAAN (STUDI PADA PERUSAHAAN YANG TERINDEKS OLEH CGPI

2016 ◽  
Vol 3 (1) ◽  
pp. 1-10
Author(s):  
EVA MARIA SULASTRI
Keyword(s):  
Corporate Governance ◽  
Tobin’S Q ◽  
Return On Assets ◽  
Tobin's Q ◽  
Return On Equity ◽  
Book Value ◽  
Good Corporate Governance

Penelitian ini bertujuan untuk menganalisis pengaruh good corporate governance terhadap kinerja perusahaan dan nilai perusahaan yang dapat dijadikan acuan manajemen dalam menggunakan tata kelola yang baik dan tepat sehingga dapat menguntungkan perusahaan secara keseluruhan. Populasi pada penelitian ini menggunakan seluruh perusahaan yang terdaftar di Bursa Efek Indonesia dengan sampel perusahaan yang masuk dalam indeks CGPI dengan jumlah sampel 91 perusahaan. Variabel yang digunakan pada penelitian ini yaitu good corporate governance yang diproksikan dengan CGPI, kinerja perusahaan yang menggunakan proksi Return On Assets (ROA) dan Return On Equity (ROE), sedangkan nilai perusahaan menggunakan TOBIN’S Q dan Market to Book Value (MBVR). Penelitian ini menggunakan alat analisis regresi linear yang berfungsi untuk mengetahui pengaruh antara good corporate governance, kinerja perusahaan dan nilai perusahaan. Hasil dari penelitian ini menunjukkan bahwa good corporate governance berpengaruh positif signifikan terhadap kinerja perusahaan, good corporate governance berpengaruh positif signifikan terhadap nilai perusahaan yang diproksikan dengan MBVR sedangkan jika diproksikan dengan TOBIN’S Q tidak berpengaruh, pengaruh kinerja perusahaan terhadap nilai perusahaan memberikan beberapa hasil, ROA berpengaruh positif signifikan terhadap TOBIN’S Q kemudian ROE tidak berpengaruh terhadap TOBIN’S Q dan ROA serta ROE tidak berpengaruh terhadap MBVR.   Kata Kunci: good corporate governance, return on assets, return on equity, TOBIN’S Q dan market to book value

scholarly journals christiano VOL7 ED.1

2019 ◽  
Author(s):  
Christiano Lombogia
Keyword(s):  
Corporate Governance ◽  
Financial Performance ◽  
Stock Exchange ◽  
Financial Statements ◽  
Coefficient Of Determination ◽  
Tobin’S Q ◽  
Corporate Value ◽  
Manufacturing Companies ◽  
Tobin's Q ◽  
Good Corporate Governance

This research is done to know effect of financial performance toward corporate value by using of Good Corporate Governance as a moderating variable. ROA,ROE, And Leverage as an indicator of financial performance is known as the dependent variable. Good Corporate Governance (GCG )is a moderating variable.The companies that are in the research are manufacturing companies which are listed in the Indonesian Stock Exchange (IDX), published financial statements ending December 31, and had complete data of Good Corporate Governance. The data is then processed by using statistical appliance that was called regression with interaction.According to the research financial performance (ROA, ROE and Leverage) by simultan show has an effect on corporate value (Tobin’s Q). Good Corporate Governance (GCG) hasn’t an effect the financial performance (ROA, ROE Leverage) toward the value of the company (Tobin’s Q). The result of coefficient of determination test indicate that all independent variables (ROA, ROE Leverage) can explain the variation of dependent variable (Corporate Value) amount to 44,8%. The result of coefficient of beta test indicate that ROE is most dominant influence to corporate value.

Sign in / Sign up

Export Citation Format

Share Document