scholarly journals Pengaruh Tax Planning dan Investment Opportunity Set terhadap Firm Value dengan Good Corporate Governance sebagai Variabel Moderasi

2021 ◽  
Vol 2 (2) ◽  
pp. 124-133
Author(s):  
Anita Febina Permana
Keyword(s):  
Corporate Governance ◽  
Firm Value ◽  
Tax Planning ◽  
Investment Opportunity ◽  
Good Corporate Governance ◽  
Investment Opportunity Set

Penelitian bertujuan menguji pengaruh perencanaan pajak dan set peluang investasi pada nilai perusahaan dengan tata kelola perusahaan yang baik sebagai variabel moderasi. Penelitian ini dilakukan pada perusahaan yang terdaftar pada Indeks LQ-45 di Bursa Efek Indonesia, di mana sampel terdiri dari 90 observasi. Teknik analisis menggunakan Regresi Data Panel. Hasil penelitian menunjukkan bahwa perencanaan pajak dan set peluang investasi secara parsial memiliki pengaruh positif dan signifikan terhadap nilai perusahaan. Sementara itu tata kelola perusahaan yang baik dapat memoderasi pengaruh perencanaan pajak dan peluang investasi terhadap nilai perusahaan secara negatif.

scholarly journals Toward Firm Performance in Indonesia: The Role of Good Corporate Governance and Investment Opportunity Set

2021 ◽  
Vol 17 (1) ◽  
pp. 81-90
Author(s):  
Dedi Rusdi ◽  
Indri Kartika ◽  
Maya Indriastuti
Keyword(s):  
Corporate Governance ◽  
Structural Equation Modeling ◽  
Firm Performance ◽  
Structural Equation ◽  
Equation Modeling ◽  
Investment Opportunity ◽  
Purposive Sampling ◽  
Good Corporate Governance ◽  
Investment Opportunity Set

Abstract: This study examined the role of good corporate governance and investment opportunity set in maintaining firm performance. This study's sample population comprised 240 manufacturing companies listed on the Indonesia Stock Exchange from 2016 to 2019. The research sample was selected using a purposive sampling method. The data were analyzed by using structural equation modeling analysis (SEM). The results showed that good corporate governance in terms of board size had a negative effect on firm performance. Meanwhile, good corporate governance in terms of board independence and investment opportunity set had a positive effect on firm performance.Keywords: good corporate governance, investment opportunity set, firm performance Menuju Kinerja Perusahaan di Indonesia: Peran Good Corporate Governance dan Investment Opportunity Set Abstrak: Studi ini menguji peran good corporate governance dan investment opportunity set dalam menjaga kinerja perusahaan. Populasi sampel penelitian terdiri dari 240 perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia dari tahun 2016 hingga 2019. Sampel penelitian dipilih dengan menggunakan metode purposive sampling. Analisis data menggunakan analisis structural equation modeling (SEM). Hasil penelitian menunjukkan bahwa good corporate governance ditinjau dari ukuran dewan komisaris berpengaruh negatif terhadap kinerja perusahaan. Sedangkan good corporate governance ditinjau dari independensi dewan komisaris dan investment opportunity set berpengaruh positif terhadap kinerja perusahaan.Kata kunci: good corporate governance, investment opportunity set, kinerja perusahaan

scholarly journals PERAN INVESTMENT OPPORTUNITY SET SEBAGAI PEMODERASI PENGARUH KINERJA KEUANGAN, GOODCORPORATE GOVERNANCE DAN CORPORATE SOCIAL RESPONSIBILITY TERHADAP NILAI PERUSAHAAN

2019 ◽  
Vol 4 (2) ◽  
pp. 85
Author(s):  
Michael Anderson Sianipar ◽  
Susi Dwi Mulyani
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Firm Value ◽  
Good Governance ◽  
Stock Exchange ◽  
Investment Opportunity ◽  
Good Corporate Governance ◽  
Investment Opportunity Set ◽  
Corporate Social ◽  
Positive Effect

<em>Firm Values of manufacturing company in Indonesia is influenced by various factors of financial and non-financial that can be measured using financial ratios, good governance, and social responsibility practices in the company. The purpose of this study was to analyze the effect of financial performance proxied by Profitability and Solvability, Good Corporate Governance (GCG), and Corporate Social Responsibility (CSR) on the firm value,with Investment Opportunity set (IOS) as a moderating variable. The firm value in this study was proxied by Tobins’q.The population of this research is manufacturing companywith chemical industry subsectors listed in the Indonesia Stock Exchange (BEI) in 2013-2015. The sampling method used is purposive sampling and acquired 31 companies in this sample. The analytical method used is moderating regression analysis.Based on the results of hypotheses testing, there wasSolvability and IOS had positive effect on firm value, while Profitability, GCG, and CSR had no effect on the firm value. The use of a moderating variable Investment Opportunity Set (IOS) is not able to strengthen the influence of profitability, solvability, GCG and CSR on the firm value.</em>

scholarly journals Nilai Perusahaan Berdasarkan Price Earning Ratio (PER) dan Good Corporate Governance (GCG)

2020 ◽  
Vol 2 (1) ◽  
pp. 155-173
Author(s):  
Moh. Firman Ardiansyah ◽  
Norita Citra Yuliati ◽  
Rendy Mirwan Aspirandi
Keyword(s):  
Corporate Governance ◽  
Investment Opportunity ◽  
Purposive Sampling ◽  
Good Corporate Governance ◽  
Investment Opportunity Set ◽  
Price Earnings Ratio

Tujuan dari penelitian ini adalah untuk mengetahui apakah terdapat pengaruh Price Earnings Ratio (PER) dan Good Corporate Governance (GCG) dengan proksi (komite audit, komisaris independen, kepemilikan institusional dan kepemilikan manajerial) terhadap nilai perusahaan. Penelitian ini menggunakan metode deskriptif dengan jumlah populasi yang diamati sebanyak 174 perusahaan di Bursa Efek Indonesia periode 2016-2018. Metode pengambilan sampel yang digunakan adalah teknik purposive sampling. Teknik analisis data yang digunakan dalam penelitian ini adalah analisis regresi linier berganda. Hasil penelitian ini menunjukkan bahwa variabel Price Earning Ratio (PER) secara parsial berpengaruh terhadap nilai perusahaan dan variabel Good Corporate Governance (GCG) yang diproksikan oleh komite audit, komisaris independen, kepemilikan institusional dan kepemilikan manajerial tidak berpengaruh secara parsial terhadap nilai perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia. Simpulan, berdasarkan analisis PER, semakin baik kualitas Investment Opportunity Set (IOS) akan selalu diikuti dengan kenaikan nilai perusahaan. Sedangkan semakin baik kualitas GCG tidak selalu diikuti dengan kenaikan nilai perusahaan. Kata Kunci: Good Corporate Governance, Nilai Perusahaan, Price Earning Ratio

scholarly journals INVESTMENT OPPORTUNITY SET AND GOOD CORPORATE GOVERNANCE TO EARNINGS QUALITY

2020 ◽  
pp. 242-251
Author(s):  
Fransisca Listyaningsih
Keyword(s):  
Corporate Governance ◽  
Sampling Method ◽  
Stock Exchange ◽  
Earnings Quality ◽  
Manufacturing Industries ◽  
Managerial Ownership ◽  
Investment Opportunity ◽  
Good Corporate Governance ◽  
Corporate Governance Mechanisms ◽  
Investment Opportunity Set

This study aims to examine the effect of good corporate governance mechanisms (consisting of institutional ownership and managerial ownership) and investment opportunity set (IOS) on earnings quality. The population in this study are companies with types of manufacturing industries listed on the Indonesia Stock Exchange in the period 2013 to 2017. The sample was obtained using a purposive random sampling method. Data analysis uses multiple linear regression. The results showed that the mechanism of good corporate governance did not affect earnings quality, and investment opportunity set (IOS) affected earnings quality. KEYWORDS: Good Corporate Governance, Investment Opportunity Set and Earnings Quality

scholarly journals Investment opportunity set to earning quality and firm’s value: Corporate governance mechanism as moderating variable.

2017 ◽  
Vol 14 (4) ◽  
pp. 435-448
Author(s):  
Bambang Bemby Soebyakto ◽  
Kencana Dewi ◽  
Mukhtaruddin M ◽  
Shendy Arsela
Keyword(s):  
Corporate Governance ◽  
Firm Value ◽  
Audit Committee ◽  
Earnings Quality ◽  
Institutional Ownership ◽  
Managerial Ownership ◽  
Investment Opportunity ◽  
Committee Meeting ◽  
Corporate Governance Mechanisms ◽  
Investment Opportunity Set

This study aims to see the effect of Investment Opportunity Set (IOS) to earnings quality and firm value with corporate governance mechanisms (frequency of audit committee meeting, the composition of Independent board of commissioners, institutional ownership, and managerial ownership) as the moderating variable. In this study population was manufacturing companies listing from year 2009 until 2012. The samples were selected by using of purposive sampling method. After the selecting population based on the certain criteria, there are 15 companies sampled. The data analysis technique used in this study is multiple regression analysis. The result frequency of audit committee meeting, the composition of Independent board of commissioners, institutional ownership, and managerial ownership) does not influence the earnings quality but significantly influence the firm value. Based on the testing of partial, IOS does not effect on the earnings quality but significantly effect on the firm value and IOS which moderated by corporate governance mechanisms (frequency of audit committee meeting, the composition of Independent board of commissioners, institutional ownership, and managerial ownership) does not effect on the earnings quality and the firm value.

scholarly journals PENGARUH MEKANISME GOOD CORPORATE GOVERNANCE, SET KESEMPATAN INVESTASI (IOS) DAN UKURAN PERUSAHAAN TERHADAP KUALITAS LABA

2017 ◽  
Vol 9 (2) ◽  
Author(s):  
Kurniawati Kurniawati
Keyword(s):  
Corporate Governance ◽  
Significant Influence ◽  
Stock Exchange ◽  
Institutional Ownership ◽  
Investment Opportunity ◽  
Set Size ◽  
Good Corporate Governance ◽  
Final Sample ◽  
Investment Opportunity Set

The quality of earnings reported in the financial statements is one of the key factors to make a decision. This study aims to examine the effect of the mechanism of Good Corporate Governance (GCG), which is proxied by board of commissioner and institutional ownership, the investment opportunity set and the size of the company to the quality of earnings.<br />The sample used in this researchwere LQ45 companies listed at the Indonesia Stock Exchange during 2012-2015.Samples are collected by purposive sampling and resulted in 15 firms as the final sample. The statistic method used was multiplied analysis linear regression, with hypotheses testing of statistic t tests (α = 5%).<br />The results of this research showed that the institutional ownership has a significant influence to the quality of earnings, while board of commissioner, investment opportunity set and the size of the company has no significant influence to the quality of earnings.<br />Keywords : good corporate governance, board of commissioner, institutional ownership, investment opportunity set, size of the company, quality of earnings.

scholarly journals Pengaruh Investment Opportunity Set dan Penerapan Good Corporate Governance Terhadap Kualitas Laba

2021 ◽  
Vol 8 (2) ◽  
pp. 156
Author(s):  
Dwi Putri Aningrum ◽  
Ade Imam Muslim
Keyword(s):  
Corporate Governance ◽  
Earnings Quality ◽  
Institutional Ownership ◽  
Managerial Ownership ◽  
Manufacturing Companies ◽  
Investment Opportunity ◽  
Good Corporate Governance ◽  
Panel Data Regression ◽  
Investment Opportunity Set ◽  
Negative Effect

This research aims to investigate the effect of the investment opportunity set and the implementation of good corporate governance on earnings quality. The observations in this research amounted to 75 data from manufacturing companies listed on the IDX in 2015-2019 that have met the purposive sampling criteria. Based on the results of panel data regression, it is concluded that the investment opportunity set and the implementation of good corporate governance have a significant effect simultaneously on earnings quality. Partially, the investment opportunity set and managerial ownership have no effect on earnings quality. Meanwhile, institutional ownership and independent board of commissioners have a significant negative effect on earnings quality.Keywords: Investment Opportunity Set; Managerial Ownership; Institutional Ownership; Independent Board of Commissioners; Earnings Quality.

PENGARUH INFLASI, GOOD CORPORATE GOVERNANCE, DAN INVESTMENT OPPORTUNITY SET TERHADAP KEBIJAKAN DIVIDEN

2021 ◽  
Vol 12 (1) ◽  
pp. 57-70
Author(s):  
Khairina Natsir ◽  
Nurainun Bangun
Keyword(s):  
Corporate Governance ◽  
Investment Opportunity ◽  
Purposive Sampling ◽  
Good Corporate Governance ◽  
Investment Opportunity Set

“Kebijakan Dividen merupakan suatu isu yang selalu hangat dibicarakan. Hal ini disebabkan karena kebijakan dividend merupakan suatu informasi penting yang ditunggu oleh para investor dan pihak yang berkepentingan lainnya karena merupakan sinyal tentang prospek perusahaan terkait di masa depan. Kebijakan dividen juga berkaitan dengan kebijakan keuangan mengenai pembayaran dividen tunai pada saat ini atau akan dijadikan sebagi laba ditahan. Kebijakan dividen dipengaruhi oleh beberapa faktor. Tujuan yang ingin dicapai dalam penelitian ini adalah untuk menginvestigasi keterkaitan Good Corporate Governance, Inflasi dan Investment Opportunity Set terhadap Kebijakan Dividen pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia periode 2017-2019. Jumlah sampel sebanyak 42 perusahaan dipilih secara nonprobability sampling dengan menggunakan teknik purposive sampling. Metode statistik yang digunakan dalam penelitian ini adalah metode analisis regresi linier berganda yang diolah dengan dukungan perangkat lunak Excel dan Eviews 11. Uji statistik yang dilakukan terhadap data panel meliputi uji multikolinieritas, uji pemilihan model regresi, uji statistik-t, uji determinasi dan analisis regresi berganda. Berdasarkan serangkaian pengujian yang dilakukan memperlihatkan hasil bahwa inflasi dan investment opportunity set berpengaruh positif dan signifikan terhadap Kebijakan Dividen, good corporate governance berpengaruh positif dan tidak signifikan terhadap kebijakan dividen.

Determinan Nilai Perusahaan Dengan Transparansi Informasi Sebagai Pemoderasi

Liquidity ◽  
2018 ◽  
Vol 5 (2) ◽  
pp. 107-117 ◽  
Author(s):  
Nilda Tartilla ◽  
Darmansyah Darmansyah ◽  
Choirul Anwar
Keyword(s):  
Corporate Governance ◽  
Firm Value ◽  
Audit Quality ◽  
Stock Exchange ◽  
Total Sample ◽  
Tax Planning ◽  
Corporate Value ◽  
Good Corporate Governance ◽  
Analysis Technique ◽  
Industry Sectors

This study aimed to examine the effect of tax planning and mechanisms of good corporate governance (GCG) to corporate value and to test the effect of transparency of information on the influence of tax planning and mechanisms of good corporate governance (GCG) with the value of the company. The population in this study manufacturing consumer goods industry sectors listed on the Stock Exchange in 2012-2015. The sampling method using purposivesampling with a final total sample of 68 companies. The analysis technique used is Moderating Regression Analysis (MRA). The analysis showed that the independent variables are tax planning, managerial ownership, institutional ownership, and audit quality have no effect on firm value. While the composition of the independent board positive effect on firm value. Tax planning and mechanisms of good corporate governance (GCG) jointly affect the value of the company, as well as the transparency of information can weaken the influence between tax planning and mechanisms of good corporate governance (GCG) to corporate value.

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