Do corporate governance, capital structure predict financial performance and firm value?(empirical study of Jakarta Islamic index)

Ferriswara, Dian; Sayidah, Nur; Buniarto, Edwin Agus

doi:10.1080/23311975.2022.2147123

Cited by 26 publications

(20 citation statements)

References 29 publications

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“…The research hypothesis explains that the independent board of commissioners variable has a significant effect on firm value in manufacturing companies listed on the IDX in 2012-2021, so it can be concluded that H3 is accepted. This finding indicates that the large proportion of independent members in the board of commissioners structure will provide better supervisory effects and can limit the need for managerial fraud (Ferriswara et al, 2022). The independent board of commissioners has an important role to reduce the emergence of agency conflicts between managers and shareholders.…”

Section: The Effect Of Independent Board Of Commissioners On Firm Valuementioning

confidence: 94%

“…The existence of an independent board of commissioners can balance the power of management (especially the CEO) in managing the company through the supervisory function. With a large proportion of independent members in the board of commissioners structure, it will provide a better supervisory effect and can limit the need for managerial fraud (Ferriswara et al, 2022). The independent board of commissioners, which is a supervisory agent, also plays a role e-ISSN : Ekombis Review: Jurnal Ilmiah Ekonomi dan Bisnis, Vol.…”

Section: Introductionmentioning

confidence: 99%

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Good Corporate Governance and Corporate Values with Profitability as a Moderating Variable in Manufacturing Companies Listed on The Indonesia Stock Exchange for the 2012-2021 Period

Putra,

Triono,

Setiorini

et al. 2024

Ecombis. Rev. J. Ilm. Eco. and Bussines.

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Abstract This study aims to examine the effect of managerial ownership, institutional ownership, independent board of commissioners, audit committee on firm value with profitability as a moderating variable in manufacturing companies listed on the IDX for the 2012 – 2021 period. The population in this study consisted of 193 manufacturing companies on the IDX for the 2012-2021 period which were selected based on certain criteria using purposive sampling. The research sample consisted of 17 companies, with an observation period of 10 years, so the research sample consisted of 275 samples. The data analysis used was panel data regression, and moderate regression analysis (MRA) was processed using the STATA 17 program. The partial test results prove that managerial ownership has no effect on firm value with a significance value of 0.960 > 0.05, institutional ownership has no effect on firm value with a significance value of 0.718 > 0.05, independent commissioners have an effect on firm value with a significance value of 0.000 <0.05. and the audit committee has no effect on firm value with a significance value of 0.372 > 0.05. Profitability can moderate the relationship between managerial ownership and firm value with a significance value of 0.017 <0.05. Profitability can moderate the relationship between institutional ownership and firm value with a significance value of 0.016 <0.05. Profitability can moderate the relationship between the independent board of commissioners and firm value with a significance value of 0.000<0.05. Profitability cannot moderate the relationship between the audit committee and firm value with a significance value of 0.057 > 0.05. The results of testing the coefficient of determination (Adjusted R-square) shows that the percentage of the independent variable on the dependent variable is 17.43% or it can be interpreted that the independent variable used in the model is able to explain 17.43% of the dependent variable while the rest is influenced by variables outside models.

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Section: The Effect Of Independent Board Of Commissioners On Firm Valuementioning

confidence: 94%

Section: Introductionmentioning

confidence: 99%

Good Corporate Governance and Corporate Values with Profitability as a Moderating Variable in Manufacturing Companies Listed on The Indonesia Stock Exchange for the 2012-2021 Period

Putra,

Triono,

Setiorini

et al. 2024

Ecombis. Rev. J. Ilm. Eco. and Bussines.

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“…Prinsip keterbukaan dan kejujuran juga berlaku untuk mitra kerja. Orang yang ditugaskan untuk melakukan sesuatu harus menunjukkan apa yang dia lakukan, bukan menyembunyikannya (Ferriswara, 2022;Mar'i, 2019). Transparansi dalam laporan keuangan dan laporan yang relevan lainnya.…”

Section: Pendahuluanunclassified

Pengaruh Financial Distress terhadap Kualitas Laba Perusahaan yang Terdaftar di Jakarta Islamic Indeks 70 JII (70)

Putra,

Nur,

Arifin

2024

jpem

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Didalam pelaporan keuangan secara umum pemilik modal akan menilai dari kualitas laba yang dimiliki perusahaan. Setiap perusahaan bersaing untuk meningkatkan kualitas labanya karena informasi laba sangat penting. Namun, beberapa individu menggunakan manipulasi laba untuk mencapai tujuan mereka sendiri. Laporan keuangan perusahaan yang terdaftar di JII 70 digunakan sebagai data sekunder dalam penelitian ini, yaitu dari tahun 2018-2019 yang diperoleh dari https://www.idx.co.id/ website resminya. Analisis regresi linier berganda dengan menggunakan STATA 14 merupakan metode pengolahan data yang digunakan. Temuan uji regresi menunjukkan bahwa financial distress tidak berdampak pada kualitas pendapatan laba pada perusahaan yang terdaftar di Jakarta Islamic Index 70.

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“…Hal ini disebut dengan asymmetric information, dan hal ini memiliki pengaruh penting terhadap struktur modal yang optimal (Brigham & Houston, 2019). Teori ini menjelaskan alasan mengapa perusahaan memberikan informasi berupa laporan keuangan kepada publik dan bagaimana seharusnya perusahaan memberikan sinyal kepada pengguna laporan keuangan (Ferriswara et al, 2022). Oleh karena itu, dengan manajer atau pemberi sinyal membagikan informasi keuangan perusahaan, maka akan mengurangi asymmetric information.…”

Section: Signaling Theoryunclassified

Kajian Pengelolaan Keuangan Organisasi (Studi Kasus Terhadap PT Aviasi Pariwisata Indonesia Pasca Pandemi Covid 19)

Kurniasari,

Hindriyani Astuti,

Marwiyah

et al. 2024

JAF

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This research was conducted with the aim of examining the financial management performance of one company in the tourism sector, namely PT Aviasi Wisata Indonesia from the 2020-2022 period, which was carried out using various analyses, namely using Profitability Ratios, Solvency Ratios and Liquidity Ratios. The tourism sector is one of the sectors that is of concern to the government because it is able to make a large contribution to the country's foreign exchange. However, since the Covid-19 pandemic, the tourism sector has plummeted due to restrictions and even closure of tourist travel. Therefore, this research was conducted to find out whether there was an influence of these problems on the financial management performance of PT Aviasi Wisata Indonesia. This research uses a quantitative approach with case study methods and descriptive data analysis. The results of research using profitability ratios show that the company's ability to generate profits has increased, using solvency ratios shows that the company's ability to fulfill all its liabilities has increased, apart from that, calculations using liquidity ratios show that the company's ability to pay off short-term obligations has increased. Overall, the company's financial performance in 2022 has increased, although not yet significantly. Recommendations for further research are that research needs to be carried out with a wider scope so that it can describe the condition of financial management in the tourism sector as a whole. Keyword: Liquidity Ratio; Performance; Profitability Ratio; Solvency Ratio; Tourism Sector

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Do corporate governance, capital structure predict financial performance and firm value?(empirical study of Jakarta Islamic index)

Cited by 26 publications

References 29 publications

Good Corporate Governance and Corporate Values with Profitability as a Moderating Variable in Manufacturing Companies Listed on The Indonesia Stock Exchange for the 2012-2021 Period

Good Corporate Governance and Corporate Values with Profitability as a Moderating Variable in Manufacturing Companies Listed on The Indonesia Stock Exchange for the 2012-2021 Period

Pengaruh Financial Distress terhadap Kualitas Laba Perusahaan yang Terdaftar di Jakarta Islamic Indeks 70 JII (70)

Kajian Pengelolaan Keuangan Organisasi (Studi Kasus Terhadap PT Aviasi Pariwisata Indonesia Pasca Pandemi Covid 19)

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