DAMPAK KINERJA KEUANGAN DALAM MEMEDIASI HUBUNGAN CORPORATE GOVERNANCE DAN NILAI PERUSAHAAN

Authors

  • Karina Safitri Jurusan Akuntansi Fakultas Ekonomi Universitas Negeri Surabaya
  • Susi Handayani Jurusan Akuntansi FE UNESA

DOI:

https://doi.org/10.26740/akunesa.v9n1.p%25p

Keywords:

Corporate Governance, Financial Performance, Firm Value.

Abstract

This study examines the impact of corporate governance on firm value mediated by financial performance in Indonesian state-owned companies which listed on the Indonesia Stock Exchange during the period 2011-2017. Samples were taken using a purposive sampling method. This study aims to examine the success of financial performance in mediating the relationship of corporate governance to firm value through path analysis. The findings show that the relationship of corporate governance to firm value in state-owned companies which consist of several sectors of the company was successfully mediated by ROA. This research supports the existence of signal theory explaining that all forms of information related to the company can be a signal to stakeholders.

References

<p>Abdallah, A. A., &amp; Ismail, A. K. (2017). Corporate Governance Practices, Ownership Structure, and Corporate Performance in The GCC Countries. <em>Journal of International Financial Markets, Institutions &amp; Money</em>, <em>46</em>, 98115.</p><p>Arora, A., &amp; Sharma, C. (2016). Corporate Governance and Firm Performance in Developing Countries: Evidence from India. <em>Corporate Governance (Bingley)</em>, <em>16</em>(2), 420436.</p><p>Basuki, A. T. (2016). <em>Analisis Regresi dalam Penelitian Ekonomi dan Bisnis</em>. Jakarta: PT Raja Grafindo Persada.</p><p>Bhatt, P. R., &amp; Bhatt, R. R. (2017). Corporate Governance and Firm Performance in Malaysia. <em>Corporate Governance (Bingley)</em>, <em>17</em>(5), 896912.</p><p>Detthamrong, U., Chancharat, N., &amp; Vithessonthi, C. (2017). Corporate Governance, Capital Structure and Firm Performance: Evidence from Thailand. <em>Research in International Business and Finance</em>, <em>42</em>, 689709.</p><p>Ehikioya, B. I. (2009). Corporate Governance Structure and Firm Performance in Developing Economies: Evidence from Nigeria. <em>Corporate Governance: The International Journal of Business in Society</em>, <em>9</em>(3), 231243.</p><p>Ghozali, I. (2013). <em>Aplikasi Analisis Multivariate</em>. Semarang: Badan Penerbit Universitas Diponegoro.</p><p>Guo, Z., &amp; Kga, U. K. (2012). Corporate Governance and Firm Performance of Listed Firms in Sri Lanka. <em>Procedia - Social and Behavioral Sciences</em>, <em>40</em>, 664667.</p><p>Gupta, P., &amp; Sharma, A. M. (2014). A Study of The Impact of Corporate Governance Practices on Firm Performance in Indian and South Korean Companies. <em>Procedia - Social and Behavioral Sciences</em>, <em>133</em>, 411.</p><p>Paniagua, J., Rivelles, R., &amp; Sapena, J. (2018). Corporate Governance and Financial Performance: The Role of Ownership and Board Structure. <em>Journal of Business Research</em>, <em>89</em>, 229234.</p><p>Pillai, R., &amp; Al-Malkawi, H. A. N. (2018). On The Relationship between Corporate Governance and Firm Performance: Evidence from GCC Countries. <em>Research in International Business and Finance</em>, <em>44</em>, 394410.</p><p>Rahadiana, R. (2009). Tiga Direksi Waskita Dinonaktifkan. Retrieved January 1, 2019, from bisnis.tempo.co</p><p>Sanchia, M. I., &amp; Zen, T. S. (2015). Impact of Good Corporate Governance in Corporate Performance. <em>International Journal of Management and Applied Science,1</em>(9), 102106.</p><p>Sheikh, N. A., Wang, Z., &amp; Khan, S. (2013). The Impact of Internal Attributes of Corporate Governance on Firm Performance: Evidence from pakistan. <em>International Journal of Commerce and Management</em>, <em>23</em>(1), 3855.</p><p>Sriyana, J. (2014). <em>Metode Regresi Data Panel</em>. Yogyakarta: Ekonisia.</p><p>Subramanyam, K. R. (2010). <em>Analisis Laporan Keuangan</em>. Jakarta: Salemba Empat.</p><p>Yılmaz, İ. (2018). Corporate Governance and Financial Performance Relationship: Case for Oman Companies. <em>Journal of Accounting Finance and Auditing Studies (JAFAS)</em>, <em>4</em>(4), 84106.</p>Zabri, S. M., Ahmad, K., &amp; Wah, K. K. (2016). Corporate Governance Practices and Firm Performance: Evidence from Top 100 Public Listed Companies in Malaysia. In <em>Procedia Economics and Finance</em> (Vol. 35, pp. 287296).

Downloads

Published

2020-09-15

How to Cite

Safitri, K., & Handayani, S. (2020). DAMPAK KINERJA KEUANGAN DALAM MEMEDIASI HUBUNGAN CORPORATE GOVERNANCE DAN NILAI PERUSAHAAN. Jurnal Akuntansi AKUNESA, 9(1). https://doi.org/10.26740/akunesa.v9n1.p%p
Abstract views: 683 , PDF Downloads: 705 , PDF Downloads: 0 , PDF Downloads: 0 , PDF Downloads: 0