scholarly journals Relationship between Board Structure and Volatility of Stock Returns of Selected Companies Listed on BSE

YMER Digital ◽  
2021 ◽  
Vol 20 (12) ◽  
pp. 205-214
Author(s):  
Fatemeh Mohammadhosseini ◽  
◽  
Dr. H Rajashekar ◽  
Keyword(s):  
Stock Returns ◽  
Regression Models ◽  
Stock Exchange ◽  
Board Structure ◽  
Iron And Steel ◽  
Company Value ◽  
Good Corporate Governance ◽  
Multiple Regression Models ◽  
The Relationship

Good corporate governance enhances the quality of listed companies. It forms a scientific constraint and necessary incentive mechanism that motivates managers to take risks, leading to increased company value. The study considered cement, iron, and steel companies listed on the Bombay Stock Exchange (BSE) to assess the relationship between board structure and volatility of stock returns. The study's main objective was to analyze the relationship between board structure and volatility of stock returns. The relationship between board structure and volatility of stock returns was tested using SPSS through descriptive statistics, f-test, and multiple regression models. It was found that board structure possessed a positive relationship with the volatility of stock returns during the study period.

Stock returns and financial performance as mediation variables in the influence of good corporate governance on corporate value

2019 ◽  
Vol 19 (6) ◽  
pp. 1289-1309
Author(s):  
Suhadak Kurniati
Keyword(s):  
Corporate Governance ◽  
Financial Performance ◽  
Stock Returns ◽  
Significant Influence ◽  
Corporate Value ◽  
Positive Direction ◽  
Content Type ◽  
Company Value ◽  
Good Corporate Governance ◽  
The Relationship

Purpose This paper aims to examine the influence of good governance on corporate value, in which the stock returns and financial performance act as the mediator of the relationship among them. Design/methodology/approach This research was conducted on companies go public listed on the Indonesia Stock Exchange and was included in 2011 to 2017 LQ45 index list, with samples taking a purposive sampling approach through four criteria. Data analysis using WarpPLS with indicator approaches are formative (mutually exclusive between indicators). Findings The findings are as follows: good corporate governance has a significant influence on stock returns in a negative direction; good corporate governance has no significant influence on financial performance; good corporate governance has no significant influence on company value; stock returns have a significant influence on financial performance in a positive direction; financial performance has a significant influence on stock returns with a positive direction; stock returns significantly influence the value of the company in a positive direction; financial performance has a significant influence on the company value in a positive direction. Originality/value The novelty in this study is that the relationship between stock returns and financial performance is reciprocal, which is the relationship among variables that affect each other (back and forth causality), in which in the previous study, the relationship between variables is only one direction; besides, the previous study conducted an analysis to find out the influence of good corporate on stock returns, company value and financial performance separately, with mixed results.

scholarly journals Good Corporate Governance Affects Company Value with Earnings Management as Intervening Variables in BUMN

2021 ◽  
Vol 5 (1) ◽  
Author(s):  
Dwi Lia Feviana ◽  
Supatmi Supatmi
Keyword(s):  
Corporate Governance ◽  
Earnings Management ◽  
Firm Value ◽  
Conflicts Of Interest ◽  
Stock Exchange ◽  
Company Value ◽  
Good Corporate Governance ◽  
Negative Effect ◽  
Pls Analysis ◽  
The Relationship

Increasing company value is carried out by management (agents) who manage the company so that it triggers a conflict of interest so that Good Corporate Governance (GCG) is needed. One of the conflicts of interest is practicing earnings management. This study aims to analyze the effect of GCG on firm value mediated by earnings management. The sample used is 19 state-owned companies registered on the Indonesia Stock Exchange in 2017-2019. This study uses SEM-PLS analysis techniques to analyze data. The results showed that GCG had a negative effect on firm value and earnings management. Earnings management does not affect firm value. Earnings management, which is used as an intervening variable, cannot mediate the relationship between GCG and firm value. The limitations in this study are ignoring the variety of industries in BUMN, which may mean that each industry has different policies or practices on GCG and earnings management and different pressures from the market (investors).

scholarly journals Hubungan Good Corporate Governance dengan Nilai Perusahaan yang Dimoderasi Oleh Pengungkapan Corporate Social Responsibility dan Profitabilitas

2020 ◽  
Vol 21 (01) ◽  
Author(s):  
Yuliusman Yuliusman ◽  
Indra Lila Kusuma
Keyword(s):  
Corporate Governance ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Firm Value ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Company Value ◽  
Good Corporate Governance ◽  
Corporate Social ◽  
The Relationship

This study aims to examine the effect of Good Corporate Governance on firm value by disclosing Corporate Social Responsibility and profitability as a moderating variable. Good Corporate Governance variables are measured by CGPI scores. Company value variable is measured by Tobins' Q. Corporate Social Responsibility disclosure variables measured by the GRI 4.0 item checklist. The profitability variable is measured by Return on Assets (ROA). This study uses a sample of companies that participated in the IICG on the Indonesia Stock Exchange (IDX) for the period 2014 - 2018. The sampling technique used was purposive sampling. The sample used in this study amounted to 7 companies, a total of 35 data. The data analysis technique in this study is the moderation regression analysis. The software used for data processing is SPSS version 22 for Windows. The results of hypothesis testing are as follows. First, Good Corporate Governance influences company value. Second, disclosure of Corporate Social Responsibility is able to moderate the relationship between Good Corporate Governance and corporate value. Third, profitability is not able to moderate the relationship between Good Corporate Governance and firm value.

scholarly journals Peran Profitabilitas dan Good Corporate Governance dalam Memediasi Pengaruh Struktur Modal Terhadap Nilai Perusahaan

2021 ◽  
Vol 2 (1) ◽  
pp. 61-76
Author(s):  
Imam Mujahidin ◽  
Luhgiatno Luhgiatno ◽  
Eman Sukanto
Keyword(s):  
Corporate Governance ◽  
Capital Structure ◽  
Firm Value ◽  
Stock Exchange ◽  
Manufacturing Companies ◽  
Single Test ◽  
Company Value ◽  
Good Corporate Governance ◽  
Food And Beverage ◽  
The Relationship

This study is about the value of the food and beverage sector manufacturing companies in the Indonesia Stock Exchange from 2013 to 2016. The objective is to analyze the effect of Profitability and Good Corporate Governance in mediating the effect of capital structure on firm value. Methods of data analysis using multiple regression and single test to test the hypothesis. The population in this research are food and beverage sector manufacturing companies listed on the Indonesia Stock Exchange from 2016 to 2018. The sample in this study was selected through purposive sampling, so that a sample of 42 companies was obtained. The result of this research is that capital structure has a negative and significant effect on profitability. Capital structure has a positive and significant effect on Good Corporate Governance (GCG). Capital structure has a positive and significant effect on Firm Value. Profitability has a positive and significant effect on Firm Value. Good Corporate Governance (GCG) has a positive and insignificant effect on Company Value. Profitability cannot mediate the relationship between capital structure and firm value. Good Corporate Governance (GCG) cannot mediate the relationship between capital structure and firm value.

scholarly journals CASH HOLDING, GOOD CORPORATE GOVERNANCE AND FIRM VALUE

2016 ◽  
Vol 7 (2) ◽  
Author(s):  
Prana Wahyu Nisasmara ◽  
Musdholifah Musdholifah
Keyword(s):  
Corporate Governance ◽  
Capital Structure ◽  
Firm Value ◽  
Regression Models ◽  
Stock Exchange ◽  
Positive Influence ◽  
Cash Holding ◽  
Good Corporate Governance ◽  
Multiple Regression Models ◽  
Spss Software

<p>This research aims to understand the influence of profitability, capital structure, cash holding, and GCG (Good Corporate Governance) on firm value.  The samples of this study were the property sector and real estate companies listed on Indonesia Stock Exchange (IDX) in the period of 2008-2013. The data used from the annual report company. The methods of data analysis were multiple regression models and analyzed using IBM SPSS software. The results of this study are profitability has no influence on firm value, capital structure has positive influence on firm value, cash holding has no influence on firm value and GCG a has a positive influence on firm value.</p>

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%.

The Effects of Prepaid Metering Systems on Customer Satisfaction in Niger State, Nigeria

2021 ◽  
Vol 2 (2) ◽  
Author(s):  
Ayooluwa Femi Aribisala ◽  
Musa Mohammed
Keyword(s):  
Customer Satisfaction ◽  
Regression Models ◽  
Response Rate ◽  
Spearman Correlation ◽  
Electricity Use ◽  
Customer Care ◽  
Level Of Satisfaction ◽  
Multiple Regression Models ◽  
The Relationship ◽  
Structured Questionnaire

Energy consumers in Nigeria have long complained about Distribution Companies' unfair billing practices, exorbitant monthly electricity bills resulting from meter estimation rather than accurate meter reading and calculation based on uninterrupted electricity use. The objectives of the study were to establish the relationship between the prepaid metering system and customer satisfaction; and to evaluate the level of satisfaction with respect to the usage of the prepaid metering system in Niger State, Nigeria. In carrying out the study, the structured questionnaire was administered to 393 randomly chosen respondents drawn from prepaid meter users, out of which 344 responded generating a response rate of 87.5%. The data derived were subjected to spearman correlation and multiple regression models. The major findings from the study showed a significant, moderate and positive relationship between the prepaid metering system and customer satisfaction. Additionally, three significant predictors, Affordability, Availability and Flexibility with p < .01 are statistically significant. Further findings from descriptive statistics revealed that users had the highest level of satisfaction with the privacy they had as a result of no meter readers and no accumulated. The study concluded that there exist a positive and beneficial link between the prepaid metering system and customer satisfaction. The study therefore recommends the provision of a smart metering system, good customer care units and a marketing campaign for better knowledge of the prepaid metering system.

Do Financially Constrained Firms Earn Higher Returns than the Unconstrained Firms? A Comprehensive Evidence from Pakistan Stock Exchange

2020 ◽  
Keyword(s):  
Time Series ◽  
Asset Pricing ◽  
Capital Structure ◽  
Stock Returns ◽  
Financial Constraints ◽  
Stock Exchange ◽  
Cash Flows ◽  
Total Asset ◽  
Cash Holding ◽  
The Relationship

This paper examines the relationship between financial constraints and the stock returns explaining the pricing of stock through financially constrained and unconstrained firms in Pakistan. Three proxies; total assets, tangible to total assets and cash holding to total assets ratios) have been used for financial constraints and the study tried to investigate that either the investors are compensated for taking the extra risk or not in Pakistan Stock Exchange (PSX). We find that the financially constrained firms don’t earn higher returns when their capital structure is heavy with liquid assets and their cash flows are more than the unconstrained firms in PSX. Moreover, the time series results showed that the risk-adjusted returns of the most constrained firms give the mix and somewhat negative and significant and insignificant results for the Pakistani firms listed in PSX sorted based on tangible to total assets and Cash holding to total asset ratios. Keywords: Asset Pricing, Financial constraints, risk-adjusted performance of portfolios

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