The Effect of Profitability and Corporate Size on Company Value with Good Corporate Governance as a Moderating Variable in Manufacturing Companies (original) (raw)
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Journal of Economics, Business, and Government Challenges
This study aimed to find out the effect of Good Corporate Governance toward profitability of listed manufacturer companies in Indonesian stock exchange in 2012-2016 periods. The proxies of Good corporate governance are board of commissioners, board of directors, and audit committee. Moreover, the profitability is measured by Return On Equity (ROE). Population in this study were registered manufacturer companies in Indonesian stock exchange in 2012-2016 periods. The sampling technique is purposive sampling method. Based on this method, it is obtained 29 companies. The type of data is secondary data. The data processing uses SPSS (Statistical Package for Social Science) v.20. The data analysis technique used multiple linear regressions. The result of this study showed that partially, the Board of Commissioners and the Audit Committee have no significant effect on profitability while the Board of Directors has a significant influence on profitability. Simultaneously the Board of Comm...
https://www.ijrrjournal.com/IJRR\_Vol.10\_Issue.3\_March2023/IJRR-Abstract22.html, 2023
The purpose of this study was to determine and test the effect of profitability, firm size, dividend policy, and intellectual capital on the value of manufacturing companies in the food and beverage sub-sector listed on the Indonesia Stock Exchange and to test whether good corporate governance can moderate the relationship between the independent variables and the dependent variable. This research is causal research using secondary data. The population of this study is companies that are members of the food and beverage sub-sector manufacturing companies listed on the Indonesia Stock Exchange from 2011 to 2020. The method of determining the sample using purposive sampling was to obtain ten company samples multiplied by ten years of study so that 100 observational data were obtained. The analysis technique used in this study uses panel data regression analysis and moderating test with the EViews 10 software tool. The results of this study partially show that profitability has a negative and significant effect on firm value, firm size has a positive and significant impact on firm value, dividend on policy has a positive effect and significant to firm value, and intellectual capital has a negative and insignificant influence on firm value. A good corporate governance variable moderates the impact of dividend policy and intellectual capital on firm value and does not moderate the effect of profitability and firm size on firm value.
Journal of Accounting Research, Organization and Economics, 2019
Objective – This study aims to determine the effect of corporate governance on financial performance with the ownership structure as a moderating variable. Design/methodology – The sample was selected using a purposive sampling method involving manufacturing companies listed on Indonesia stock exchange for the period of 2014-2017. Financial performance is measured by ROE, corporate governance is proxied by a CGPI score between 1 - 100 which has been rated from the results of evaluating the implementation of GCG in companies by IICG, managerial ownership is calculated by comparing the number of managerial shares with the number of outstanding shares, institutional ownership is calculated by comparison of the number of institutional shares with number of shares outstanding, public ownership is calculated by comparing the number of public shares with the number of shares outstanding. The data analysis technique used is the descriptive statistical test, classic assumption test, and mul...
Good Corporate Governance Principles And Company Value: The Impact Of Financial Performance
Proceedings of the 3rd International Conference of Business, Accounting, and Economics, ICBAE 2022, 10-11 August 2022, Purwokerto, Central Java, Indonesia, 2022
In addition to examining how Good Corporate Governance (GCG) influences the relationship between financial performance and the value of manufacturing companies listed on the Indonesia Stock Exchange, the study aims to ascertain how the value of manufacturing companies on the Indonesia Stock Exchange affects financial performance. The data analysis techniques used in this study are: This study uses a quantitative approach method by testing data, descriptive analysis between variables and verification analysis to test and determine the magnitude of the effect of the variable between financial performance on the value of manufacturing companies on the Indonesia Stock Exchange for the 2017-2017 period. 2019 and also uses Moderated Regression Analysis (MRA) in moderating the relationship of financial performance to the value of manufacturing companies on the Indonesia Stock Exchange for the period 2017-2019. The results of the research conclusions based on the test were obtained for ROE not having a significant effect on Tobins Q. The t value of (-0.413) and significance level of 0.681 (> 0.05) both pointed to this. Although it has a negative parameter coefficient, good corporate governance (managerial ownership) significantly affects the relationship between ROE and Tobins Q. The regression analysis results utilizing the Moderated Regression Analysis (MRA) test, which have a Rsquare value after the moderating variable is removed, suggest this (0.3 percent).
IJCIRAS, 2021
One of the ways to increase company value is by implementing Good Corporate Governance. Firm value is the value used by investors to compare the market value of a company's stock with its book value. In 2015-2019 the value of public companies in Indonesia as measured by Price to Book Value (PBV) on the LQ45 Index experienced a downward trend. This study aims to evaluate the published explanatory findings regarding the determinants of the firm value of Indonesian public companies listed on the LQ45 index during the 2015-2019 period with Good Corporate Governance as a moderating variable. The research sample was 17 companies in the LQ45 index. The data analysis technique used in this study is Moderated Regression Analysis (MRA). The results showed that Return on Equity (ROE) models had a significant positive effect on firm value in LQ45, the Debt Equity Ratio had a significant positive effect on firm value at LQ45. Firm size had a significant positive effect. Institutional ownership (INST) had a significant negative effect on firm value. Finally, the INST variable can moderate the influence of the DER variable on the company, but it cannot moderate the effect of the ROE variable on firm value in LQ45.
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This study aims to analyze that (1) the influence of financial factors on earnings management; (2) the influence of financial factors on earnings management is moderated by good corporate governance. The population of this study are all manufacturing companies in the goods and consumption industrial sector listed on the Indonesian stock exchange in 2015-2019. The sample was selected using purposive sampling method and resulted in a selected sample of 175 companies. Analysis of the data used is the Partial Least Square method. The results of the study indicate that financial factors have a significant and significant effect on earnings management. With the magnitude of the influence of 70.5% while 29.5% is influenced by other factors. The results of the study of financial factors on earnings management with good corporate governance as a moderating variable and significant influence. The magnitude of the influence is 15.8% while 84.2% is influenced by other factors. Keywords: Financi...
Britain International of Humanities and Social Sciences (BIoHS) Journal
The purpose of this research is to provide empirical evidence of the affect of firm’s size, and corporate governance mechanisms on earnings. Firms size was measure by natural logaritma of net sales, and corporate governance mechanisms were measure by three variabels (composition of independent board commisioner, audit quality were measure by industry specialize audit firm, and composition of audit committee). Earnings was measure by net profit. The population of this research is 36 companies in the manufacturing firms focusly consumntion sector which were listed in Indonesian Stock Exchange (IDX). The research data were collected from manufacturing companies’ financial statement for the period of 2018 to 2020. Based on purposive sampling method, there are 16 samples. The reseacrh hypotesis were tested using multiple regression analysis. The results of this research show that firm size and composition of independent board commisioner have positive significant relationships with earni...
https://www.ijrrjournal.com/IJRR\_Vol.6\_Issue.7\_July2019/Abstract\_IJRR0030.html, 2019
This study aims to examine the Corporate Governance mechanism, which consists of institutional ownership, managerial ownership, and independent commissioners influencing the value of the company, where earnings quality is a moderating variable. The populations in this study are manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the period 2016-2018. By using the purposive sampling method, collected a sample of 279 observations from 93 manufacturing companies. By using multiple regression analysis as analysis data, the results of the research in the first equation show that simultaneous institutional ownership, managerial ownership, independent commissioners, and earnings quality jointly influence and significantly affect firm value. Partially institutional ownership and managerial ownership have a significant effect on firm value, while independent commissioners have no effect on firm value. In the second equation shows that earnings quality is not a moderating variable between the relationship of institutional ownership, managerial ownership, and independent commissioners to the value of the company.
Primanomics : Jurnal Ekonomi & Bisnis, 2020
This study aims to examine the effect of implementing good corporate governance as measured by an independent board of commissioners, board of directors, and audit committee on financial performance measured using Return of Equity (ROE). This research uses quantitative research. The population in this study are manufacturing companies in the basic and chemical industry sectors that consistently publish financial reports on the Indonesia Stock Exchange from 2016 to 2018. Based on the purposive sampling method, a sample of 11 companies is obtained each year to obtain 33 observational data. The data in this study use warpPLS 6.0 software. The results of this study indicate that the independent board of commissioners, the board of directors affect the financial performance, while the audit committee has no effect on financial performance.