scholarly journals Pengaruh Good Corporate Governance Terhadap Nilai Perusahaan Dengan Profitabilitas Sebagai Variabel Mediasi (Studi Pada Perusahaan BUMN yang terdaftar di Bursa Efek Indonesia Periode Tahun 2016-2018)

2020 ◽  
Vol 12 (1) ◽  
pp. 77-94
Author(s):  
Hamdan Arif Fatoni Fatoni
Keyword(s):  
Corporate Governance ◽  
Stock Exchange ◽  
Sample Selection ◽  
Partial Least Square ◽  
Least Square ◽  
Return On Assets ◽  
Book Value ◽  
Purposive Sampling ◽  
Company Value ◽  
Good Corporate Governance

Salah satu tujuan perusahaan adalah untuk meningkatkan kesejahteraan atau memaksimalkan kekayaan pemegang saham (stockholders) melalui peningkatan nilai perusahaan. Nilai perusahaan dapat dipengaruhi oleh bebrapa faktor, diantaranya ialah jumlah aset perusahaan dan seberapa lama perusahaan berdiri dan juga melalui tata kelola perusahaan yang baik atau good corporate governance (GCG). Nilai suatu perusahaan dapat dikatakan baik apabila tata kelola perusahan dilaksanakan dengan baik. Dengan menerapkan GCG yang baik akan meningkatkan keuntungan dan mengurangi risiko kerugian di masa yang akan datang sehinga dapat mengangkat nilai perusahaan.  Tujuan penelitian ini untuk mengetahui bagaimana pengaruh Good Corporate Governance (GCG) secara langsung dan tidak langsung dengan adanya profitabilitas terhadap nilai perusahaan. Penelitian ini dilakukan pada perusahaan BUMN yang terdaftar di Bursa Efek Indonesia (BEI) pada tahun 2016-2018. Pemilihan sampel dalam penelitian ini berdasarkan metode purposive sampling dan diperoleh 16 perusahaan sampel dengan menggunakan teknik analisis data Partial Least Square (PLS).             Dari hasil penelitian menunjukkan bahwa Good Corporate Governance (GCG) berpengaruh signifikan terhadap nilai perusahaan. Good Corporate Governance (GCG) berpengaruh tidak signifikan terhadap profitabilitas dengan proksi Return On Asset. Profitabilitas dengan proksi Return On Asset berpengaruh tidak signifikan terhadap nilai perusahaan dengan proksi Price Book Value. Good Corporate Governance (GCG) berpengaruh tidak signifikan secara tidak langsung terhadap nilai perusahaan yang diukur dengan Price Book Value melalui profitabilitas yang diukur dengan Return on Asset. Kata Kunci: Good Corporate Governance (GCG), Nilai Perusahaan, Profitabilitas   Abstrac   One of the company's goals is to increase welfare or maximize the wealth of shareholders (stockholders) by increasing the value of the company. Company value can be influenced by several factors, including the amount of company assets and how long the company stands and through Good Corporate Governance (GCG). The value of a good company as if the governance of the company is implemented well. By implementing good, GCG will increase profits and reduce the risk of loss in the future. So it can lift the value of the company. The purpose of this study is to determine the effects of Good Corporate Governance (GCG) both directly and indirectly with profitability on a company value. This research is conducted at state-owned companies listed on the Indonesia Stock Exchange (IDX) in 2016-2018. The sample selection of this study is based on the purposive sampling method and obtained 16 sample companies using Partial Least Square (PLS) data analysis techniques.             The results of this study indicated that Good Corporate Governance (GCG) impacted the significant effect on company value. Good Corporate Governance (GCG) has no impact on profitability with the Return On Assets proxy. While profitability with the Return On Asset proxy is not affected by the value of the company with a Value Book Value proxy. Good Corporate Governance (GCG) has an indirect effect on the value of the company as measured by the Price of the Book Price through profitability using Return on Assets. Keyword: Keywords: Good Corporate Governance (GCG), Company Value, Profitability

scholarly journals PENGARUH GOOD CORPORATE GOVERNANCE TERHADAP NILAI PERUSAHAAN (Studi Pada Perusahaan Manufaktur yang Terdaftar Di Bursa Efek Indonesia Tahun 2014-2015)

2018 ◽  
Vol 12 (1) ◽  
pp. 86
Author(s):  
Enggar Nursasi
Keyword(s):  
Corporate Governance ◽  
Audit Quality ◽  
Stock Exchange ◽  
Institutional Ownership ◽  
Partial Least Square ◽  
Least Square ◽  
Managerial Ownership ◽  
Manufacturing Companies ◽  
Company Value ◽  
Good Corporate Governance

This research to examine the influence of Good Corporate Governance, which includes managerial ownership, institutional ownership, board composition and audit quality of company value proxied by Tobin's Q. The number of samples in this study are 21 manufacturing companies, especially the consumer goods sector listed on the Indonesia Stock Exchange in 2014 and 2015. Analysis method of this research using Partial Least Square (PLS). The result of the research shows that managerial ownership and board of commissioner have no significant effect to company value, while institutional ownership and audit quality have significant effect to company value.

scholarly journals THE EFFECT OF PROFITABILITY ANALYSIS ON COMPANY VALUE WITH GOOD CORPORATE GOVERNANCE AS A MODERATE VARIABLE

2021 ◽  
Vol 5 (3) ◽  
Author(s):  
Florentina Yuniar Pramesti ◽  
Maria Rio Rita
Keyword(s):  
Corporate Governance ◽  
Audit Committee ◽  
Stock Exchange ◽  
Return On Assets ◽  
Purposive Sampling ◽  
Insurance Sector ◽  
Company Value ◽  
Profitability Analysis ◽  
Good Corporate Governance ◽  
The Relationship

This research aims to analyze Rentability to The Company Value with GCG (Good Corporate Governance) as a moderating variable. The rentability variable is measured using the Return on Assets (ROA) value. While the Company's Value is measured by Tobin's Q. GCG as moderation variable is measured by two proxies, namely the Independent Board of Commissioners and the Audit Committee. The samples in this study were 10 state-owned enterprises companies (BUMN) in the finance and insurance sector, which listed on the Indonesia Stock Exchange (IDX) for the period 2016-2020. The technique used in the study was purposive sampling. The results show that Rentability significantly affects the Company's Value.  Based on the calculated t value (3,955) > table t (0.677) and the Sig value (0.000) < 0.05. The GCG (Good Corporate Governance) is able to moderate the influence of Rentability on the company value based on the calculated t value (8,096) > t table (0.677), and the Audit Committee based on the calculated t value (8,332) > t table (0.677). Rentability is able to explain the variable variation in the company value based on the R2 value of 28.5% and GCG (Independent Board of Commissioners and Audit Committee) is able to strengthen the relationship between rentability and the company's value to 47.7%.

scholarly journals The Role of Audit Committee of GCG in Increasing Company Value through ROA

2020 ◽  
Vol 9 (4) ◽  
pp. 15
Author(s):  
Ana Kadarningsih ◽  
Irene Rini Demi Pangestuti ◽  
Sugeng Wahyudi ◽  
Julia Safitri
Keyword(s):  
Intellectual Capital ◽  
Commercial Banks ◽  
Audit Committee ◽  
Stock Exchange ◽  
Direct Influence ◽  
Return On Assets ◽  
Book Value ◽  
Company Value ◽  
Good Corporate Governance

This study determines the Good Corporate Governances (GCG) influence in increasing company value through Return on Assets (ROA). Good Corporate Governance factors used in this research are independent commissioner (IC) and audit committee (AC). Company Value factors used in this research is PBV (Price to Book Value). Sample of this research contains 23 conventional commercial banks registered on IDX (Indonesia Stock Exchange) in the period of 2014-2018. The method of data analysis uses multiple linear regression. The results show that the fastest variable to increase company value through ROA as a mediating variable is the audit committee. Independent commissioner does not influence on financial performance (ROA) and company value. Another variable that rapidly increases company value is the direct influence of intellectual capital on company value.

scholarly journals PENGARUH KONEKSI POLITIK, GOOD CORPORATE GOVERNANCE DAN KINERJA KEUANGAN TERHADAP TAX AVOIDANCE

2020 ◽  
Vol 9 (2) ◽  
pp. 118-131
Author(s):  
Laras Putri Maidina ◽  
Lela Nurlaela Wati
Keyword(s):  
Corporate Governance ◽  
Financial Performance ◽  
Tax Evasion ◽  
Stock Exchange ◽  
Sample Selection ◽  
Tax Avoidance ◽  
Least Square ◽  
Political Connection ◽  
Manufacturing Companies ◽  
Good Corporate Governance

The purpose of the study was to test the influence of Political Connections, Good Corporate Governance, and Financial Performance on Tax Avoidance. The research method used is a quantitative method. The study used data of 45 manufacturing companies listed Index Stock Exchange (IDX) during the period 2014 to 2018. Samples are taken by the purposive sampling method and which meets the criteria for sample selection. Data is processed with Version 9 Eviews software using the Generalized Least Square (GLS) method. Results show that Political Connection and Financial Performance have a positive influence on Tax Avoidance, this suggests that there are still companies that practice tax evasion. Corporate Governance has no effect on Tax Avoidance, meaning the existence of Corporate Governance is effective in attempting to prevent tax avoidance practices. 

scholarly journals Mediating Effect of Islamic Social Reporting on the Relationship between Good Corporate Governance and Company Value: The Case of the State-Owned Enterprises

2020 ◽  
Vol 8 (1) ◽  
pp. 001
Author(s):  
Indah Yuliana ◽  
Farahiyah Sartika
Keyword(s):  
Corporate Governance ◽  
The State ◽  
Partial Least Square ◽  
Least Square ◽  
Mediating Effect ◽  
Stock Index ◽  
Social Reporting ◽  
Company Value ◽  
Good Corporate Governance ◽  
The Relationship

The concept of Good Corporate Governance (GCG) is related to the disclosure of Islamic Social Reporting (ISR) which guarantees that the funds invested in the company are well managed and will provide adequate returns so that this can attract investors and indirectly can increase the company value. This research aims to analyze the indirect effect of GCG rating on company value through the disclosure of ISR and it also attempts to analyze the direct effect of GCG and ISR toward company value, and the effect of GCG towards ISR. This research used quantitative and descriptive approaches with secondary data. The state-owned enterprises in the manufacturing and mining sector listed in the Indonesian Sharia Stock Index (ISSI) were selected as the sample of the study. The method used in this study includes descriptive statistical analysis, partial least square, and mediation test. The result shows that GCG has a positive effect on company value and ISR disclosure, while ISR disclosure does not affect company value. However, GCG does not affect company value through ISR disclosure. This indicates that ISR disclosure has no mediation effect on the relationship between GCG and company value.

scholarly journals Determinan Manajemen Laba dan Dampaknya Terhadap Relevansi Nilai Informasi Akuntansi: Pengujian Peran Good Corporate Governance

2019 ◽  
Vol 1 (1) ◽  
pp. 11-30
Author(s):  
Resti Kartika Dewi
Keyword(s):  
Corporate Governance ◽  
Discretionary Accruals ◽  
Partial Least Square ◽  
Least Square ◽  
Short Term ◽  
Purposive Sampling ◽  
Good Corporate Governance

Penelitian ini bertujuan untuk menganalisis determinan manajemen laba dan dampaknya terhadap relevansi nilai informasi akuntansi serta peran good corporate governance (GCG) sebagai variabel pemoderasi. Populasi penelitian ini adalah 83 perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia (BEI) periode 2016. Jumlah sampel yang ditentukan dengan teknik purposive sampling berjumlah 62 perusahaan manufaktur. Alat analisis yang digunakan adalah Partial Least Square (PLS). Hasil penelitian ini menunjukkan bahwa kinerja keuangan dan struktur kepemilikan berpengaruh positif dan signifikan terhadap manajemen laba sementara karakteristik perusahaan berpengaruh positif tetapi tidak signifikan. Hasil lain menunjukkan bahwa manajemen laba dengan indikator short term discretionary accruals dan long term discretionary accruals merupakan indikator dari manajemen laba yang paling berpengaruh terhadap relevansi nilai informasi akuntansi dan good corporate governance terbukti memperlemah pengaruh manajemen laba terhadap relevansi nilai informasi akuntansi. Implikasi penelitian ini dapat berguna sebagai dasar masukan dan pertimbangan bagi pengguna laporan keuangan khususnya investor dalam melakukan pengambilan keputusan investasi. Bagi pihak manajemen, hasil penelitian dapat dijadikan sebagai bahan pertimbangan dalam penyusunan rencana kegiatan perusahaan dan bagi pemerintah dalam menetapkan kebijakan pajak.

scholarly journals PENGARUH KINERJA KEUANGAN DAN GOOD CORPORATE GOVERNANCE TERHADAP RETURN SAHAM DENGAN PRICE BOOK VALUE SEBAGAI VARIABEL MODERASI PADA PERUSAHAAN PERBANKAN DI BURSA EFEK INDONESIA

2021 ◽  
Vol 6 (2) ◽  
pp. 93-105
Author(s):  
Iin Tamarisa ◽  
Mukhzarudfa Mukhzarudfa ◽  
Wiralestari Wiralestari
Keyword(s):  
Corporate Governance ◽  
Regression Analysis ◽  
Return On Assets ◽  
Book Value ◽  
Purposive Sampling ◽  
Good Corporate Governance ◽  
Equity Ratio

Penelitian ini bertujuan untuk menganalisis pengaruh return on assets (ROA), debt to equity ratio (DER), non performing loan (NPL), good corporate governance (GCG) terhadap return saham dimoderasi oleh price book value (PBV). Populasi dari penelitian ini adalah perusahaan perbankan yang terdaftar di Bursa Efek Indonesia (BEI) periode 2015-2019. Pemilihan sampel ini menggunakan metode purposive sampling. Pengujian hipotesis menggunakan analisis regresi linear berganda dan Moderated Regression Analysis (MRA) dengan prosedur statistik menggunakan software SPSS versi 25. Hasil penelitian menunjukkan return on assets (ROA), debt to equity ratio (DER), non performing loan (NPL), good corporate governance (GCG) berpengaruh terhadap return saham. Berdasarkan hasil uji interaksi MRA, price book value (PBV) dapat memoderasi pengaruh return on assets (ROA), debt to equity ratio (DER), non performing loan (NPL), good corporate governance (GCG).

scholarly journals Analysis of Banking Risk, Good Corporate Governance, Capital and Earning Influences on the Indonesia’s Commercial Bank Performances

2021 ◽  
Author(s):  
M. Nuruddin Subhan
Keyword(s):  
Corporate Governance ◽  
Commercial Bank ◽  
Commercial Banks ◽  
Structural Equation ◽  
Stock Exchange ◽  
Partial Least Square ◽  
Least Square ◽  
Equation Modeling ◽  
Good Corporate Governance ◽  
Bank Soundness

This study aims to analyze the effect of commercial bank soundness in Indonesia based on Bank Indonesia regulation number 13/24/DPNP date 25 October 2011, which concern on the implementation guide for Bank Regulation in Indonesia number 13/1/PBI/ 2011 on assessment of bank healthy. In general, those assessments cover risks, good corporate governance (GCG), earning and capital. While, the performance of commercial bank is measured based on credit growth and profit growth. A total of 45 commercial banks listed on the Indonesia Stock Exchange are the population of the study which will be analyzed using the structural equation modeling program - partial least square (SEM-PLS). The results show that credit risk, GCG and earnings have no effect on bank’s performance in Indonesia. Market risk, liquidity risk and capital negatively affect the performance of commercial banks in Indonesia. This research is expected to contribute to the policy making of central banks and also commercial bank organization in particular to improve their performance. This research also contributes to the theory by enriching the discussion on related themes.

scholarly journals Investigating the Effect of Liquidity, Leverage, Sales Growth and Good Corporate Governance on Financial Distress

2019 ◽  
Vol 2 (2) ◽  
pp. 143-156
Author(s):  
Agustina Dianova ◽  
Joicenda Nahumury
Keyword(s):  
Corporate Governance ◽  
Financial Distress ◽  
Corporate Strategy ◽  
Stock Exchange ◽  
Flow Analysis ◽  
Partial Least Square ◽  
Least Square ◽  
Future Research ◽  
Sales Growth ◽  
Good Corporate Governance

Large companies may experience financial distress because of their inability to compete. Therefore, investors should be more vigilant in investing their funds. Some ways that can be done is through cash flow analysis, analysis of corporate strategy, and analysis of financial statements. This study aims to determine the effect of liquidity, leverage, sales growth, and good corporate governance on financial distress. The study used 55 samples of telecommunication and non-construction companies listed in Indonesia Stock Exchange period 2013-2017. The technique sampling in this study is the purposive sampling method. The data analysis method is PLS (Partial Least Square). The results of this study indicate that liquidity, leverage, sales growth, and good corporate governance do not affect financial distress. These unexpected results may due to the limitation of this study. Therefore, for future research in financial distress, it is suggested to take into account the sample size and other variables that expected to affect financial distress.

scholarly journals Kepemilikan Manajerial, Kepemilikan Institusi dan Komisaris Independen Terhadap Nilai Perusahaan Dengan Peran Integrated Reporting Sebagai Pemoderasi

2020 ◽  
Vol 7 (02) ◽  
pp. 177-184
Author(s):  
Yudi Wahyudin ◽  
Suratno Suratno ◽  
Suyanto Suyanto
Keyword(s):  
Corporate Governance ◽  
Firm Value ◽  
Stock Exchange ◽  
Institutional Ownership ◽  
Jel Classification ◽  
Partial Least Square ◽  
Least Square ◽  
Managerial Ownership ◽  
Integrated Reporting ◽  
Good Corporate Governance

ABSTRACT        The purpose of this study is to obtain empirical evidence of the influence of Good Corporate Governance towards Firm Value and after being moderated by the quality of Integrated Reporting. The sample in this study consisted of 95 financial statements of state-owned enterprises (SOEs) listed on the Indonesia Stock Exchange (IDX) in 2014-2018. The analysis technique uses Partial Least Square. The results and findings of the study show that Managerial Ownership and Independent Commissioners do not have affect towards Firm Value, while Institutional Ownership have affect towards Firm Value. Meanwhile, Managerial Ownership and Institutional Ownership do not have affect towards Firm Value after being moderated by Integrated Reporting. Meanwhile Independent Commissioners have a significant effect on Company Value after being moderated by Integrated Reporting. ABSTRAK         Tujuan dalam penelitian ini untuk mendapatkan bukti empiris pengaruh Good Corporate Governance terhadap Nilai Perusahaan dan setelah dimoderasi oleh kualitas Integrated Reporting.  Sampel dalam penelitian ini terdiri dari 95 laporan keuangan perusahaan Badan Usaha Milik Negara (BUMN) yang terdaftar di Bursa Efek Indonesia (BEI) pada tahun 2014-2018.  Teknik analisis menggunakan Partial Least Square.  Hasil dan temuan penelitian menunjukkan bahwa Kepemilikan Manajerial dan Komisaris Independen tidak berpengaruh terhadap Nilai Perusahaan, sedangkan Kepemilikan Institusi berpengaruh terhadap Nilai Perusahaan.  Sementara itu, Kepemilikan Manajerial dan Kepemilikan Institusi tidak berpengaruh terhadap Nilai Perusahaan setelah dimoderasi oleh Integrated Reporting.  Sedangkan Komisaris Independen berpengaruh signifikan terhadap Nilai Perusahaan setelah dimoderasi oleh Integrated Reporting.  JEL Classification : M41, G32

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