The Increase of Financial Performance in Mediate the Good Corporate Governance Toward the Company’s Value

Authors

  • Andi Kartika Departement of Management , Faculty of Economics and Business, Stikubank University, Trilomba Juang no. 1 street, Semarang https://orcid.org/0000-0002-7650-3013
  • Sri Sudarsi Departement of Management , Faculty of Economics and Business, Stikubank University, Trilomba Juang no. 1 street, Semarang
  • Cahyani Nuswandari Departement of Accounting, Faculty of Economics and Business, Stikubank University, Trilomba Juang no. 1 street, Semarang

DOI:

https://doi.org/10.33633/jpeb.v7i1.4555

Abstract

The research aims to testine empirically the effect of good corporate governance through the managerial ownership, the independent commissioner, and the audit committee toward the company’s value with the financial performance as the mediation variable. The population in this research is manufactur companies that has registered on BEI, with using the purposive sampling technique. The method that used on this research is path analysis.The result of this research shows that a good corporate governance through the managerial ownership, the independent commissioner, and the audit committee is able to increase the company’s financial performance. The managerial ownership does not has any effect to the company’s value, while the independent commissioner, the audit committee, and the financial performance has positive effects to the company’s value. The financial performance can mediate between independent commissioner to the company’s value. The financial value will not be a mediation’s variable between the audit committee to the company’s value.Keywords:Managerial ownershipIndependent commissionerAudit committeeFinancial performanceThe company’s value 

References

Amaliyah, F., & Herwiyanti, E. (2019). Pengaruh Kepemilikan Institusional, Dewan Komisaris Independen dan Komite Audit Terhadap Nilai Perusahaan Sector Pertambangan. Jurnal Akuntasi, 9(3), 187–200.

Ayuningrum, N., & Saputra, R. D. (2017). Pengaruh Penerapan Good Corporate Governance Terhadap Nilai Perusahaan Dengan Profitabilitas Sebagai Variabel Intervening Pada Perbankan Syariah Yang Terdaftar di BEI. Jurnal Akuntabilitas, 3(2).

Candradewi, I., & Sedana, I. B. P. (2016). Pengaruh Kepemilikan Manajerian, Institusional dan Dewan Komisaris Independen Terhadap Return On Asset. E-Journal Manajemen Unud, 5(5), 3163–3190.

Candradewi, M. R. (2019). Pengaruh Good Corporate Governance Mechanism Terhadap Nilai Perusahaan Pada Perusahaan di Bursa Efek Indonesia. Jurnal Ekonomi Kuantitatif Terapan, 12.

Crutchley, & Hansen. (1989). A Test of Agency Theory of Managerial Ownership Corporate Leverage and Corporate Dividends. Financial Management, 18(4), 36–46.

Dhani, I., & Utama, G. (2017). Pengaruh Pertumbuhan Perusahaan, Struktur Modal dan Profitabiltas Terhadap Nilai Perusahaan. Jurnal Akuntansi Dan Bisnis Airlangga, 2(1), 135–148.

Eisenhardt, K. M. (1989). Agency Theory: An Assesment and Review. Academy of Management Review, 14, 57–74.

Fauzi, A., & Suransi, N. K. (2016). Pengaruh GCG dan CSR Terhadap Nilai Perusahaan dengan Profitabilitas Sebagai Variabel Pemoderasi. Jurnal Investasi, 12, 1–19.

Ghozali, I. (2013). Aplikasi Analisis Multivariate dengan Program SPSS (Badan Penerbit Universitas Diponegoro (ed.)).

Harjoto, M. A., & Jo, H. (2007). Corporate Governance and Firm Value: The Impact of CSR. Social Science Research Network.

Irma, A. (2019). Pengaruh Komisaris, Komite Audit, Struktur Kepemilikan, Size dan Leverage Terhadap Kinerja Keuangan Perusahaan Property Perumahan dan Konstruksi. Jurnal Ilmu Manajemen, 7(3).

Krisnando, & Sakti, S. H. (2019). Pengaruh Good Corporate Governance dan Ukuran Perusahaan Terhadap Nilai Perusahaan dengan Kinerja Keuangan Sebagai Variabel Moderasi. Jurnal Akuntansi Dan Keuangan, 16(1).

Leatemia, E. (2019). Pengaruh Corporate Governance Terhadap Kinerja Keuangan Pada Perusahaan Textile dan Garmen. Jurnal EMBA, 7(3), 4339–4348.

Meri, A., & Rahman, L. (2018). Pengaruh Penerapan Good Corporate Governance Terhadap Kinerja Keuangan. Jurnal Profiet, 1(1), 66–72.

Monks, R. A. G., & Minow, N. (2003). Corporate Governance (3rd ed.). Blackwell Publishing.

Nurkhin, A., Wahyudin, A., & Fajriah, A. (2017). Relevansi Struktur Kepemilikan Terhadap Profitabilitas dan Nlai Perusahaan Barang Konsumsi. Jurnal Akuntansi Multiparastigma, 8(1), 1–227.

Poluan, S., & Wicaksono, A. (2019). Pengaruh Pengungkapan Good Corporate Governance Terhadap Nilai Perusahaan Pada BUMN yang Terdaftar di BEI. JIM UPB, 7(2), 228–237.

Pratiwi, M. I. (2017). Pengaruh Kepemilikan Manajerial, Kepemilikan Institusional dan Leverage Terhadap Nilai Perusahaan. Jurnal Proceeding of Management, 3(3), 3191–3197.

Putra, A., & Nuzula, N. (2016). Pengaruh Corporate Governance Terhadap Profitabilitas. Jurnal Administrasi Bisnis (JAB), 47(1), 103–112.

Putra, G., & Wirawati, N. G. (2020). Pengaruh Good Corporate Governance Pada Nilai Perusahaan dengan Kinerja Keuangan Sebagai Variabel Mediasi. Jurnal Akuntansi, 30(2).

Rompas, S., & dkk. (2018). Pengaruh Pengungkapan Corporate Governance Terhadap Kinerja Keuangan Perbankan Yang Terdaftar di Bursa Efek Indonesia. Jurnal EMBA, 6(3), 1508–1517.

Sarafina, S., & Saifi, M. (2017). Pengaruh Good Corporate Governance Terhadap Kinerja Keuangan dan Nilai Perusahaan. Jurnal Administrasi Bisnis (JAB), 50(3), 229–242.

Sembiring. (2005). Karakteristik Perusahaan dan Pengungkapan Tanggung Jawab Sosial: Studi Empiris pad Perusahaan yang Tercatat di Bursa Efek Jakarta. Simposium Nasional Akuntansi VIII.

Sembiring, Y. C., & Saragih, A. (2019). Pengaruh Komisaris Independen dan Komite Audit Terhadap Kinerja Keuangan Pada Perusahaan Perbankan. JRAK, 5(2), 229–242.

Shendy, A., & Hapsari, A. (2017). Dampak Kepemilikan Manajerial dan Kepemilikan Institusional Terhadap Profitabilitas Perusahaan Manufaktur. Jurnal Bisnis Dan Manajemen.

Sitanggang, R., & Ratmono, D. (2019). Pengaruh Tata Kelola Perusahaan dan Pengungkapan Tanggung Jawab Sosial Perusahaan Terhadap Kinerja Keuangan dengan Manajemen Laba Sebagai Variabel Mediasi. Diponegoro Journal of Accounting, 5(2).

Situmorang, C., & Simanjutak, A. (2019). Pengaruh Good Corporate Governance Terhadap Kinerja Keuangan Perusahaan Perbankan. Jurnal Akuntansi Dan Bisnis, 5(2).

Sumanti, J., & Mangantar, M. (2015). Analisis Kepemilkan Manajerial, Kebijakan Hutang dan Profitabilitas Terhadap Kebijakan Dividen dan Nilai Perusahaan pada Perusahaan Manufaktur Yang Terdaftar Di BEI. Jurnal EMBA, 3(1), 1141–1151.

Syafitri, T., & dkk. (2018). Pengaruh Good Corporate Governance Terhadap Nilai Perusahaan. Jurnal Administrasi Bisnis (JAB), 56(1), 118–126.

Tjiptono, D. (2012). Pasar Modal di Indonesia (3rd ed.). Salemba Empat.

Wardani, I. G. (2019). Peran Kinerja Keuangan dalam Memoderasi Pengarugh Good Corporate Governance Terhadap Nilai Perusahaan Sector Perbankan. Jurnal Akuntansi, 2(2), 91–108.

Wiariningsih, O., Junaedi, A., & Panjaitan, H. (2019). Effect of Good Corporate Governance and Leverage on Financial Perfomance and Corporate Value in Mining Companies. 7(1).

Wulansari, R. (2017). Pengaruh Corporate Social Responsibility and Good Corporate Governance Terhadap Nilai Perusahaan. Jurnal Ilmu Dan Riset Akuntansi, 6(8).

Downloads

Published

2022-03-30

How to Cite

Kartika, A., Sudarsi, S., & Nuswandari, C. (2022). The Increase of Financial Performance in Mediate the Good Corporate Governance Toward the Company’s Value. Jurnal Penelitian Ekonomi Dan Bisnis, 7(1), 1–10. https://doi.org/10.33633/jpeb.v7i1.4555

Issue

Vol. 7 No. 1 (2022): Jurnal Penelitian Ekonomi dan Bisnis

Section

Articles

License

Authors who publish with this journal agree to the following terms:
  1. The journal allow the authors to hold the copyright without restrictions and allow the authors to retain publishing rights without restrictions. 
  2. Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution 4.0 International License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
  3. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
  4. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
  5. Creative Commons License
    This work is licensed under a Creative Commons Attribution 4.0 International License.  Which means you are free to:
    • Adapt — remix, transform, and build upon the material for any purpose, even commercially.

Most read articles by the same author(s)

Obs.: This plugin requires at least one statistics/report plugin to be enabled. If your statistics plugins provide more than one metric then please also select a main metric on the admin's site settings page and/or on the journal manager's settings pages.