Pengaruh Corporate Governance dan Ukuran Perusahaan Terhadap Kinerja Keuangan dan Firm Value dengan Substainability Reporting sebagai Variabel Intervening

ABSTRACT This study aims to analyze more deeply the relationship of corporate governance and company size to financial performance and company value with sustainability reporting as an intervening variable. This study uses secondary data. The independent variables in this study are corporate governance and company size. The dependent variable in this study is financial performance and company value. The intervening variable used is sustainability reporting. GRI is used as a sustainability reporting alloy for index measurement bases. The sample of this study was 12 companies that published sustainability reporting and financial reports for three consecutive years in 2014-2016 which could be accessed through the company's website. Data analysis techniques in this study using Partial Least Square (PLS) with a calculation process that is assisted by a software application program. The results of the study show that there is no significant effect of corporate governance and company size on sustainability reporting. The results also indicate a positive and significant influence of corporate governance on financial performance, there is a significant effect of corporate governance on company value, and there is no significant influence of company size on financial performance and company values. Sustainability reporting does not mediate corporate governance and company size on financial performance and company value ABSTRAK Penelitian ini bertujuan untuk menganalisis lebih dalam hubungan tata kelola perusahaan dan ukuran perusahaan dengan kinerja keuangan dan nilai perusahaan dengan pelaporan keberlanjutan sebagai variabel intervening. Penelitian ini menggunakan data sekunder. Variabel independen dalam penelitian ini adalah tata kelola perusahaan dan ukuran perusahaan. Variabel dependen dalam penelitian ini adalah kinerja keuangan dan nilai perusahaan. Variabel intervening yang digunakan adalah pelaporan keberlanjutan. GRI digunakan sebagai paduan pelaporan keberlanjutan untuk basis pengukuran indeks. Sampel penelitian ini adalah 12 perusahaan yang menerbitkan laporan keberlanjutan dan laporan keuangan selama tiga tahun berturut-turut pada 2014-2016 yang dapat diakses melalui situs web perusahaan. Teknik analisis data dalam penelitian ini menggunakan Partial Least Square (PLS) dengan proses perhitungan yang dibantu oleh program aplikasi perangkat lunak. Hasil penelitian menunjukkan bahwa tidak ada pengaruh yang signifikan dari tata kelola perusahaan dan ukuran perusahaan pada pelaporan keberlanjutan. Hasil penelitian juga menunjukkan pengaruh positif dan signifikan dari tata kelola perusahaan terhadap kinerja keuangan, ada pengaruh signifikan tata kelola perusahaan terhadap nilai perusahaan, dan tidak ada pengaruh signifikan ukuran perusahaan terhadap kinerja keuangan dan nilai-nilai perusahaan. Pelaporan keberlanjutan tidak memediasi tata kelola perusahaan dan ukuran perusahaan pada kinerja keuangan dan nilai perusahaan. JEL Classification: G34, Q56

Download Full-text

Pengaruh Corporate Governance dan Ukuran Perusahaan Terhadap Kinerja Keuangan dan Firm Value dengan Substainability Reporting sebagai Variabel Intervening

Jurnal Riset Akuntansi & Perpajakan (JRAP) ◽

10.35838/jrap.v6i02.1086 ◽

2019 ◽

Vol 6 (02) ◽

pp. 81-96

Author(s):

Rara Gustiana ◽

Wahyudin Nor ◽

Muhammad Hudaya

Keyword(s):

Corporate Governance ◽

Financial Performance ◽

Significant Influence ◽

Firm Value ◽

Secondary Data ◽

Sustainability Reporting ◽

Partial Least Square ◽

Least Square ◽

Company Size ◽

Company Value

Download Full-text

PENGARUH PENERAPAN TATA KELOLA, RASIO LIKUIDITAS, DAN TINGKAT EFISIENSI TERHADAP NILAI PERUSAHAAN DENGAN KINERJA KEUANGAN SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN PERBANKAN DI BEI

MANAJERIAL ◽

10.30587/manajerial.v6i2.966 ◽

2019 ◽

Vol 6 (2) ◽

pp. 21

Author(s):

Bella Martina Wardani ◽

Sunu Priyawan ◽

Slamet Riyadi

Keyword(s):

Corporate Governance ◽

Financial Performance ◽

Firm Value ◽

Audit Committee ◽

Partial Least Square ◽

Least Square ◽

Analysis Tool ◽

Significant Negative Effect ◽

Company Value ◽

Negative Effect

This study aims to analyze the influence of Corporate Governance, liquidity ratios and efficiency levels on financial performance and company value that can be used as a reference for management in using good and appropriate governance so that it can benefit the company as a whole. The population in this study uses all banking companies listed on the Indonesia Stock Exchange with a sample of 21 companies. The variables used in this study are Corporate Governance that is proxied by the Board of Commissioners, Independent Board of Commissioners, Board of Directors and Audit Committee, Liquidity Ratios that use the proxy Current Ratio, Quick Ratio and Cash Ratio, Efficiency Levels that use Operational Cost-Operational Proxies , Financial Performance that uses the proxy of Return On Assets (ROA), Return On Equity (ROE) and Net Profit Margin (NPM), while the company value uses Price to Book Value (PBV), Price Earning Ratio (PER) and TOBIN'S. using Smart PLS (Partial Least Square) analysis tool to determine the effect of these variables. The results of this study indicate that Corporate Governance has a significant negative effect on Financial Performance and Corporate Values, Liquidity Ratios and Efficiency Levels have a significant positive effect on Financial Performance and Corporate Value While Financial Performance has a significant negative effect on Firm Value

Download Full-text

Sustainable business Islamic banks in Indonesia

Accounting ◽

10.5267/j.ac.2020.11.023 ◽

2021 ◽

pp. 299-310

Author(s):

Indra Siswanti ◽

Yohanes Fery Cahaya

Keyword(s):

Corporate Governance ◽

Financial Performance ◽

Intellectual Capital ◽

Secondary Data ◽

Partial Least Square ◽

Least Square ◽

Annual Reports ◽

Company Size ◽

Islamic Banks ◽

Sustainable Business

The purpose of this study is to create a sustainable business model of Islamic banks in Indonesia through financial and non-financial aspects with financial performance as a mediate variable. The study uses quantitative approach by collecting secondary data of Islamic Banks from financial statements and annual reports over the period 2010-2018. The population of this study is 9 (nine) Islamic banks and the sample of research uses the census method. Data processing methods uses Partial Least Square. The results of the study stated that corporate governance has a significant effect on financial performance, intellectual capital has a significant effect on financial performance and company size has a significant effect on financial performance, but corporate governance has no effect on sustainable business. In addition, intellectual capital has a significant effect on sustainable business but company size has no effect on sustainable business. Moreover, financial performance has a significant effect on sustainable business, financial performance mediated the effect of corporate governance on sustainable business, financial performance partially mediated the effect of intellectual capital on sustainable business and financial performance mediated the effect of company size on sustainable business.

Download Full-text

PENGARUH INTELLECTUAL CAPITAL DAN CORPORATE GOVERNANCE TERHADAP NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI VARIABEL MODERASI

Jurnal Ekonomi dan Bisnis (EK&BI) ◽

10.37600/ekbi.v4i1.255 ◽

2021 ◽

Vol 4 (1) ◽

pp. 426-436

Author(s):

Anisa Hediyanti Muasiri ◽

◽

Erna Sulistyowati ◽

Keyword(s):

Corporate Governance ◽

Intellectual Capital ◽

Firm Value ◽

Structural Equation ◽

Secondary Data ◽

Partial Least Square ◽

Least Square ◽

Equation Modeling ◽

Analysis Technique ◽

Modeling Data

This study aims to test the influence of intellectual capital and corporate governance on firm value with profitability as a moderating variable. The population of this study is banking companies listed on IDX during 2015 –2019 amounted to 45 companies. Sampling techniques using purposive sampling so that research samples obtained as many as 15 companies. The research data used is secondary data obtained from the annual report and GCG reportof banking companies listed on IDX during 2015 –2019. This study uses structural equation modeling data analysis technique –partial least square (SEM-PLS) with WarpPLS 7.0 software. The result of this study shows that: (1) Intellectual capital positively and significantly affects the firm value, (2) Corporate governance has no effect on the firm value, (3) Profitability can moderate the influence of intellectual capital on the firm value, (4) Profitability can’t moderate the influence of corporate governance on the firm value.Keywords: Intellectual Capital, Corporate Governance, Firm Value, Profitability

Download Full-text

Intellectual Capital and Good Corporate Governance Determinants of Financial Performance

Journal of Applied Business, Taxation and Economics Research ◽

10.54408/jabter.v1i2.31 ◽

2021 ◽

Vol 1 (2) ◽

pp. 205-214

Author(s):

Herman Wijaya ◽

Denny Kurnia ◽

Kodriyah Kodriyah

Keyword(s):

Corporate Governance ◽

Financial Performance ◽

Intellectual Capital ◽

Audit Committee ◽

Secondary Data ◽

Sampling Technique ◽

Partial Least Square ◽

Least Square ◽

Company Performance ◽

Good Corporate Governance

The purpose of this study was to examine the effect of intellectual capital and good corporate governance on company performance. The population in this study were companies listed in the Jakarta Islamic Index during the 2016 – 2019 period. The sampling technique in this study used a purposive sampling technique. This causality research method was analyzed using multiple regression. The data collection method used is the secondary data documentation method, and tested using Partial Least Square (PLS-SEM). The result of this research is that there is an influence between Intellectual Capital on financial performance. The results of corporate governance proxied by the Board of Directors have a significant effect, but the Board of Commissioners and the Audit Committee have no effect on the Company's Financial Performance.

Download Full-text

Good Corporate Governance, Corporate Social Responsibility, Firm Value, and Financial Performance as Moderating Variable

Indonesian Journal of Sustainability Accounting and Management ◽

10.28992/ijsam.v3i1.74 ◽

2019 ◽

Vol 3 (1) ◽

pp. 55 ◽

Cited By ~ 1

Author(s):

Mukhtaruddin Mukhtaruddin ◽

Ubaidillah Ubaidillah ◽

Kencana Dewi ◽

Arista Hakiki ◽

Nopriyanto Nopriyanto

Keyword(s):

Corporate Governance ◽

Corporate Social Responsibility ◽

Social Responsibility ◽

Financial Performance ◽

Firm Value ◽

Negative Impact ◽

Partial Least Square ◽

Least Square ◽

Good Corporate Governance ◽

Corporate Social

Good corporate governance and corporate social responsibility can assist the company in facing the challenges and risks as a strategy in increasing the firm value by building the right image from the stakeholders’ view. This study aims to determine the effect of good corporate governance and corporate social responsibility on firm value with financial performance as a moderating variable. The population of this research is banking companies listed in Indonesia Stock Exchange (IDX) for 2011–2015. The sample consisted of 23 companies which were selected by purposive random sampling. This data is analyzed by using Partial Least Square approach. The results of this study indicate that good corporate governance has an insignificant positive effect on firm value; otherwise corporate social responsibility has a significant negative impact on firm value. Financial performance has significantly strengthened the relationship between good corporate governance and corporate social responsibility on firm value.

Download Full-text

The influence of intellectual capital on company value with financial performance as an intervening variable in financing institutions in Indonesia

The Indonesian Accounting Review ◽

10.14414/tiar.v6i2.604 ◽

2017 ◽

Vol 6 (2) ◽

pp. 159

Author(s):

Susi Nafiroh ◽

Joicenda Nahumury

Keyword(s):

Financial Performance ◽

Intellectual Capital ◽

Firm Value ◽

Stock Exchange ◽

Value Added ◽

Partial Least Square ◽

Least Square ◽

Return On Equity ◽

Company Value ◽

Institu Tions

The objective of this study is to examine the influence of intellectual capital on compa-ny value with financial performance as an intervening variable in financing institu-tions listed on the Indonesian Stock Exchange (IDX) 2010 - 2014. This research uses Value Added Intellectual Coefficient (VAICTM) model that consists of three compo-nents: Value Added Capital Employed (VACA), Value Added Human Capital (VA-HU), and Value Added Structural Capital (STVA). Company value is measured using Tobin’s Q, financial performance is measured using Return on Asset (ROA), Return on Equity (ROE), and Earning per Share (EPS). The data consisted of 67 samples. Sampling is conducted using census method. Data analysis technique used in this study is Partial Least Square (PLS). The results show that: (1) intellectual capital has an influence on company value (2) financial performance mediates the relationship between intellectual capital and company value. The important thing in this study is that intellectual capital can be used for adding the firm value.

Download Full-text

The Effect of Eco-efficiency and Size on Company Value Listed on the Indonesia Stock Exchange

Business and Management Studies ◽

10.11114/bms.v6i1.4703 ◽

2020 ◽

Vol 6 (1) ◽

pp. 58

Author(s):

Msy. Mikial ◽

Taufiq Marwa ◽

Luk Luk Fuada ◽

Inten Meutia

Keyword(s):

Stock Exchange ◽

Sustainability Reporting ◽

Partial Least Square ◽

Least Square ◽

Annual Reports ◽

Global Reporting Initiative ◽

Company Size ◽

Company Value ◽

Use Of Resources ◽

Sustainability Disclosure

This study aims to empirically examine the effect of eco-efficiency and company size on the value of companies listed on the Indonesia Stock Exchange. The data used are secondary data obtained from annual reports and sustainability reports of companies listed on the Indonesia Stock Exchange from 2013 to 2016. The number of observations in this study is 80. The instrument used to analyze is Partial Least Square. The novelty in this study is that eco-efficiency is calculated by comparing the amount of net sales to energy consumption, and to measure a company size with a proxy for the number of sales. The results of this study indicate that eco-efficiency has an influence on company value. The direction of influence is negative, meaning that the better the eco-efficiency, the lower the value of the company. Company size does not affect the value of the company, in the sense that the sale value does not cause the value of the company to experience better changes, because the value of the company is more influenced by the assets owned by the company. The limitation of this study is that the amount of energy sources used is difficult to obtain, so the study population is limited to companies listed on the IDX that have a Sustainability Reporting and are included in the Sustainability Disclosure Database from the Global Reporting Initiative (GRI), which is not large. In the future it is expected that companies responsible for the environment implement environmental management accounting with eco-efficiency assessment indicators so as to reduce costs and environmental impacts by making more efficient use of resources so as to increase company value.

Download Full-text

Analisis Pengaruh Fundamental Makro dan Fundamental Mikro Terhadap Struktur Kepemilikan, Kinerja Keuangan, dan Nilai Perusahaan pada Badan Usaha Milik Negara yang Terdaftar di Bursa Efek Indonesia

Business and Finance Journal ◽

10.33086/bfj.v4i1.1097 ◽

2019 ◽

Vol 4 (1) ◽

pp. 65-72

Author(s):

Hwihanus Hwihanus ◽

Tri Ratnawati ◽

Indrawati Yuhertiana

Keyword(s):

Financial Performance ◽

Ownership Structure ◽

Firm Value ◽

Stock Exchange ◽

Partial Least Square ◽

Least Square ◽

Test Results ◽

Company Value ◽

Inner Model ◽

The Relationship

This study aims to examine and analyze the relationship between the variability of mu- tuality micro fundamental, macro fundamentals of ownership structure, financial performance, and the value of companies in State-Owned Enterprises listed on the Indonesia Stock Exchange. Re- search population at 20 State-Owned Enterprises listed on Indonesia Stock Exchange. This research method uses purposive sampling with 12 companies in 2010–2015. Data analysis of techniques in this study using Partial Least Square consists of Inner model, Outers model and Weight relation. The test results showed that all hypothesis testing was accepted which showed significant effect with 5% level with t-table 1,960 and rejected macro fundamentals to firm value with t-statistic 0,666262 (H5) and micro fundamentals of company value with t-statistic 1,188469 (H6) and ownership structure on the financial performance of the company with t-statistics 0.953625 (H7).

Download Full-text

The Effect Of Capital Structure On Company Value With Roe As An Intervening Variable In The Banking Sector Listed In Bei 2015 – 2017

Journal of World Conference (JWC) ◽

10.29138/prd.v1i1.56 ◽

2019 ◽

Vol 1 (1) ◽

pp. 51-57

Author(s):

Devy Dwi Puspitasari

Keyword(s):

Capital Structure ◽

Stock Prices ◽

Firm Value ◽

Banking Sector ◽

Stock Exchange ◽

Secondary Data ◽

Numerical Data ◽

Partial Least Square ◽

Least Square ◽

Company Value

Company value is the investor's perception of the level of success of the company that is often associated with stock prices. This study aims to examine the effect of capital structure and ROE as an intervening variable on the corporate value of the banking sector listed on the Stock Exchange in 2015-2017.It used quantitative research with an approach that uses numerical data in statistical analysis. With a sample of 10 registered banks and provide financial reports to the Indonesia Stock Exchange (IDX) in the period 2015-2017. In this study using secondary data and with Partial Least Square (PLS) analysis techniques. Research shows that capital structure variables and ROE do not have a significant effect on firm value. While the capital structure has a positive and significant effect on ROE.

Download Full-text