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

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

Jurnal Riset Akuntansi & Perpajakan (JRAP) ◽

10.35838/jrap.v7i02.1610 ◽

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

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

Adbis: Jurnal Administrasi dan Bisnis ◽

10.33795/j-adbis.v12i1.69 ◽

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.

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PENGARUH PROFITABILITAS DAN GOOD CORPORATE GOVERNANCE TERHADAP NILAI PERUSAHAAN

ECONBANK: Journal of Economics and Banking ◽

10.35829/econbank.v1i2.47 ◽

2019 ◽

Vol 1 (2) ◽

pp. 158-173

Author(s):

Rama Andi Wiguna ◽

Muhammad Yusuf

Keyword(s):

Corporate Governance ◽

Firm Value ◽

Audit Committee ◽

Sampling Method ◽

Stock Exchange ◽

Institutional Ownership ◽

Managerial Ownership ◽

Significant Positive Effect ◽

Good Corporate Governance ◽

Positive Effect

This research aimed to get empirical evidence about the effect of profitability and good corporate governance as proxied by the proportion of independent board commissioners, number of board commissioners meetings, proportion of audit committee, number of audit committee meetings, managerial ownersip and institutional ownership. The population of this research was companies listed on the Indonesia Stock Exchange in 2016-2017. The sample of this research was fixed by purposive sampling method so that was found 88 samples. Technique of data analysis was multiple linear regression. The result of research showed that profibility, the proportion of independent board commissioners, proporsion of audit committee, managerial ownership and institutional ownership had significant positive effect on firm value, while commissioners meetings and audit committee meetings had no effect on firm value

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Pengaruh Good Corporate Governance pada Nilai Perusahaan dengan Kinerja Keuangan sebagai Variabel Mediasi

E-Jurnal Akuntansi ◽

10.24843/eja.2020.v30.i02.p09 ◽

2020 ◽

Vol 30 (2) ◽

pp. 388

Author(s):

Gede Marco Pradana Dika Putra ◽

Ni Gusti Putu Wirawati

Keyword(s):

Corporate Governance ◽

Financial Performance ◽

Firm Value ◽

Stock Price ◽

Stock Exchange ◽

Institutional Ownership ◽

Managerial Ownership ◽

Good Corporate Governance ◽

The Relationship ◽

Positive Effect

A firm not only aims to get profits but also maximize its value which can be reflected in stock price. Research aims to examine the effect of good corporate governance on firm value with financial performance as a mediating variable. The study conducted on LQ45 companies listed on Indonesia Stock Exchange in 2017-2018. Sample determined by purposive sampling with 32 samples. Path analysis was used. analysis showed managerial ownership and institutional ownership had no effect on financial performance, managerial ownership and institutional ownership had no effect on firm value, financial performance had a positive effect on firm value, and financial performance was unable to mediate the relationship between GCG and firm value. Keywords: Good Corporate Governance; Firm Value.

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Pengaruh Corporate Governance Terhadap Nilai Perusahaan dan Manajemen Laba Sebagai Variabel Intervening

AKTSAR Jurnal Akuntansi Syariah ◽

10.21043/aktsar.v2i1.5518 ◽

2019 ◽

Vol 2 (1) ◽

pp. 83

Author(s):

Monika Wulanda ◽

Nurna Aziza

Keyword(s):

Corporate Governance ◽

Earnings Management ◽

Firm Value ◽

Audit Committee ◽

Institutional Ownership ◽

Negative Influence ◽

Partial Least Square ◽

Least Square ◽

Managerial Ownership ◽

Manufacturing Companies

This study was aimed to examine the influence of corporate governance on firm value, corporate governance on earnings management, earnings management on firm value, and whether earnings management as a mediating variable between corporate governance and firm value. Corporate governance consisted of institutional ownership, managerial ownership, the board of commissioner frequency meeting, and audit committee frequency meeting. The populations of this study were all manufacturing companies listed on the Indonesia Stock Exchange during the years 2015-2017. The data used in this study were the secondary data and followed by the use of purposive sampling method. There were 33 samples with 99 observations which fulfilled the criteria to be the research sample. Data analysis was done by the partial least square approach with SmartPLS software. This study showed that institutional ownership and managerial ownership had a negative influence on earnings management. Board of commissioner frequency meeting and audit committee frequency meeting had no influence on earnings management. Institutional ownership, managerial ownership, the board of commissioner frequency meeting, and audit committee frequency meeting had a positive influence on firm value. Earning management had no influence on firm value and also found that earnings management was not a mediating variable between corporate governance and firm value.

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Bagaimana Good Corporate Governance (GCG) dalam Keberlanjutan Perusahaan?

AKTSAR Jurnal Akuntansi Syariah ◽

10.21043/aktsar.v3i2.7093 ◽

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

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).

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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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PENGARUH PRAKTIK MANAJEMEN LABA DAN GOOD CORPORATE GOVERNANCE TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA

JURNAL INFORMASI, PERPAJAKAN, AKUNTANSI, DAN KEUANGAN PUBLIK ◽

10.25105/jipak.v12i1.4578 ◽

2019 ◽

Vol 12 (1) ◽

pp. 35 ◽

Cited By ~ 1

Author(s):

Charlie Charlie

Keyword(s):

Corporate Governance ◽

Data Analysis ◽

Earnings Management ◽

Firm Value ◽

Institutional Ownership ◽

Managerial Ownership ◽

Analysis Method ◽

Good Corporate Governance ◽

Data Analysis Method ◽

Observation Period

The purpose of this study is to examine the effect of corporate governance (GCG) which is proxied through managerial ownership and institutional ownership, as well as earnings management on firm value. The sample used is LQ 45 company with observation period from 2011 to 2015. Data analysis method uses multiple linear regression. The results of this study are that there are positive and significant effects of managerial ownership, institutional ownership and earnings management on firm value.

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Pengaruh Good Corporate Governance Dan Firm Size Terhadap Profitabilitas (Studi Empiris Pada Perusahaan Non Keuangan Indeks LQ 45 Yang Terdaftar Di BEI Tahun 2013-2017)

Journal of Accounting Science ◽

10.21070/jas.v3i2.2567 ◽

2019 ◽

Vol 3 (2) ◽

pp. 79-101

Author(s):

Faisal Suroto ◽

Iwan Setiadi

Keyword(s):

Corporate Governance ◽

Firm Size ◽

Audit Quality ◽

Stock Exchange ◽

Linear Regression Analysis ◽

Sample Selection ◽

Institutional Ownership ◽

Multiple Linear Regression Analysis ◽

Managerial Ownership ◽

Good Corporate Governance

This study aims to determine the effect of Good Corporate Governance on profitability and company size. Good corporate governance in this study is proxied by independent board of commissioners, managerial ownership, institutional ownership, audit quality and Firm Size. Company profitability is measured by Return on Equity (ROE). This type of research is quantitative with a descriptive approach. The population in this study is the LQ45 non-financial company listed on the Indonesia Stock Exchange in 2013-2017. The sample selection technique is using purposive sampling. The type of data used is student data. The data analysis technique in this study used multiple linear regression analysis. The results of this study indicate that simultaneous independent commissioner variables, managerial ownership, institutional ownership, audit quality and firm size have a significant effect on profitability. partially independent board of commissioner variables have a significant negative effect on priofitability. Managerial ownership does not have a significant effect on profitability. Institutional ownership has a significant positive effect on profitability. Audit quality does not have a significant effect on profitability, Firm size does not have a significant effect on profitability.

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STRUKTUR MODAL, GOOD CORPORATE GOVERNANCE DAN KUALITAS LABA

Jurnal Dinamika Akuntansi dan Bisnis ◽

10.24815/jdab.v2i2.4217 ◽

2016 ◽

Vol 2 (2) ◽

pp. 184-198

Author(s):

Nadirsyah Nadirsyah ◽

Fadlan Nur Muharram

Keyword(s):

Corporate Governance ◽

Capital Structure ◽

Stock Exchange ◽

Earnings Quality ◽

Institutional Ownership ◽

Capital Adequacy ◽

Audit Committees ◽

Managerial Ownership ◽

Good Corporate Governance ◽

Capital Adequacy Ratio

AbstractThe objective of the study was to examine the effect of capital structure and good corporate governance (GCG) on the earnings quality. The GCG variable are proxied by audit committees, independent commissioners, managerial ownership, and institutional ownership. The earnings quality measured by using Capital Adequacy Ratio (CAR) indicator with Earning Response Coeficient (ERC). The data was collected from the financial statements of the manufacture companies that listed at Indonesia Stock Exchange in the period between 2009 and 2013. By using purposive sampling and balanced panel data, there are 22 companies were selected as the sample. Multiple linier regression model is used to test the hypothesis The results of this study are capital structure, independent commissioners, audit committees, managerial ownership, and institutional ownership affected on the earnings quality simultaneously. Capital structure partially affected on the earnings quality. The audit committees, independent commissioners, managerial ownership, and institutional ownership affected on the earnings quality partially have an effect on the earnings quality. Keywords: capital structure, good corporate governance, earnings quality, ERC

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