The influence of intellectual capital, good corporate governance and accounting conservatism on company’s financial performance

Abstract

Purpose - This research aimed to determine the effect of intellectual capital, good corporate governance (board of commissioners, independent commissioners and managerial ownership) and accounting conservatism on company financial performance (study of companies listed on the Jakarta Islamic Index (JII) in 2017-2019).Method - The population in this research was 42 companies registered in JII 2017-2019. Purposive sampling method was used for sample selection and 16 companies were selected. This research used secondary data with multiple regression model data analysis.Result - The results of this research stated that intellectual capital had a positive and significant effect on the company's financial performance. Good corporate governance as measured by the board of commissioners, independent commissioners and managerial ownership had a negative but insignificant effect on the company's financial performance, and accounting conservatism had a positive but insignificant effect on the company's financial performance.Implication - Companies registered in JII are advised to improve the financial performance of their companies, especially those listed in 2017-2019.Originality - The secondary data sources used in this research were obtained from the official website of the Indonesia Stock Exchange (BEI), namely www.idx.co.id.

Manufacturing Companies :The Effect of Liquidity and Corporate Governance on Financial Performance with Firm Size as a Moderating

“…This could happen because the company with managerial ownership are still unable to align the interests of management shareholders, some manufacturing companies also do not provide share ownership policies to their management, so that the large proportion of company shares owned by the management still cannot reduce agency conflicts that occur in the company, because managers end up also not optimal in carrying out their duties to improve the financial performance and choose to transfer company resources into personal interests due to the lack of profits obtained but must bear company expenses in order to increase profits (Tertius & Christiawan, 2015). Results are supported by Wehdawati et al, (2015), Soetan et al, (2016), andRegina, (2021). This implies that each company should try to support and implement a share ownership program by management, because this can affect the management's performance towards the company in an effort to improve its financial performance and consider the level of equality with the benefits obtained.…”

“…Meanwhile the negative influence shown by Elisetiawati & Artinah, (2016), Saidu et al, (2018), Tsouknidis, (2019), and Sani, (2020. The absence of influence shown by Wehdawati et al, (2015), Soetan et al, (2016), Sejati et al, (2018), Putri & Dewi, (2019), Artha et al, (2021), andRegina, (2021).…”

Good Corporate Governance dan Corporate Social Responsibility terhadap Kinerja Perusahaan dengan Gender Diversity sebagai Variabel Moderasi

“…Mekanisme good corporate governance berpengaruh positif signifikan terhadap kinerja perusahaan (Kurnianto et al, 2019;Nugroho & Laily, 2019;Ratna Sari & Omika Dewi, 2019). Sementara itu, penelitian lain menunjukkan bahwa tidak adanya pengaruh antara good corporate governance dengan kinerja perusahaan (Adnyani et al, 2020;Regina, 2021;Wendy & Harnida, 2020).…”

“…Menurut Hamdani (2016) menjelaskan bahwa good corporate governance merupakan sebuah kerangka kerja dan struktur yang diterapkan dalam pengelolaan perusahaan dengan tujuan meningkatkan nilai bagi para pemegang saham dalam jangka panjang sambil memperhatikan kepentingan semua stakeholder. Menurut penelitian oleh Regina (2021), good corporate governance adalah suatu sistem tata kelola perusahaan yang bertujuan untuk menggapai kinerja perusahaan semaksimal mungkin dengan cara-cara yang tidak merugikan pemangku kepentingan. Tata kelola yang baik menuntut perusahaan melakukan pembangunan dan pelaksanaan prinsip-prinsip good corporate governance dalam sistem manajerial.…”

“…Sehingga kewajiban pihak manajemen dalam mengelola dan menjaga kepentingan perusahaan dapat dilakukan sesuai dengan kesepakatan yang dapat berdampak pada peningkatan kinerja perusahaan, terbebas dari besar kecilnya persentase kepemilikan saham oleh pihak manajemen. Hasil penelitian ini serupa dengan penelitian oleh Ayuningtyas et al (2020) dan Regina (2021) yang menunjukkan bahwa kepemilikan manajerial dalam perusahaan relatif kecil. Perusahaan kurang maksimal dalam melaksanakan perannya dalam meningkatkan kinerja perusahaan melalui Return On Asset.…”