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The Mechanism of Good Corporate Governance, Financial Performance, and Stock Returns on Company Value Anto Andreawan; Muhammad Husni; M. Fadly Syahputra
Journal of Accounting, Economics, and Business Education Vol. 4 No. 1 (2026): JAEBE, Mei 2026
Publisher : Program Studi Pendidikan Akuntansi, Fakultas Ekonomi, Universitas Negeri Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62794/bhqb0h43

Abstract

This study aims to examine the effects of good corporate governance (GCG), financial performance, and stock returns on firm value among manufacturing companies listed on the Indonesia Stock Exchange (IDX) during the 2017–2019 period. Employing an exploratory research design, this analysis utilizes multiple linear regression and moderation regression analysis (MRA). The study population consists of manufacturing companies, with a sample of 142 companies selected due to their diverse subsectors, large production scale, and significant capital requirements, which demand effective asset management to generate high returns. Corporate value is measured using Tobin’s Q. The results indicate that GCG (board size and audit committee size), financial performance (ROA, NPM, PER), and stock returns simultaneously and significantly influence corporate value. Partially, all variables studied namely ROA, NPM, PER, board size, audit committee size, and stock returns have a significant influence on firm value. The MRA results indicate that the interaction between the board of commissioners and financial performance (NPM, PER) significantly influences firm value, but this is not the case for the interaction between the board of commissioners and ROA. Similarly, the interaction between the audit committee and NPM and PER significantly influences firm value, while the interaction between stock returns and ROA, NPM, and PER also demonstrates a significant influence.
Peranan Syahbandar Dalam Pengawasan Sarana Angkutan Laut KSOP Kelas IV Sabang: Analisis Sumber Daya Manusia dan Manajemen Risiko Yenny Novita; Rafie Akbar Sumarno; Khalid Al Hadring Smith; M. Fadly Syahputra
Indonesian Journal of Multidisciplinary Sciences (IJoMS) Vol. 5 No. 1 (2026): Indonesian Journal of Multidisciplinary Sciences (IJoMS)
Publisher : CV. Era Digital Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59066/ijoms.v5i1.2555

Abstract

Penelitian ini bertujuan menganalisis peranan syahbandar dalam pengawasan sarana angkutan laut di KSOP Kelas IV Sabang dengan fokus pada aspek Sumber Daya Manusia (SDM) dan Manajemen Risiko. Metode penelitian menggunakan pendekatan kualitatif deskriptif analitis. Pengumpulan data primer dilakukan melalui wawancara mendalam dengan 15 pejabat kesyahbandaran, observasi lapangan, serta survei terhadap 100 nakhoda dan awak kapal sepanjang Januari hingga Maret 2026. Analisis data menerapkan teknik interaktif Miles dan Huberman serta statistik deskriptif. Hasil penelitian menunjukkan bahwa syahbandar memegang peranan sentral dalam keselamatan pelayaran, dengan porsi tugas terbesar pada pengawasan teknis kapal dan penerbitan clearance. Namun, pengawasan di lapangan belum optimal akibat keterbatasan personel yang mengalami defisit hingga 60% dari standar ideal. Kompetensi SDM berada pada kategori cukup baik, tetapi terdapat kesenjangan signifikan karena 33% personel belum memiliki sertifikasi resmi dan minimnya pelatihan berkelanjutan. Sementara itu, penerapan manajemen risiko masih terbatas dan bersifat reaktif akibat belum adanya sistem berbasis teknologi, padahal ditemukan risiko tinggi berupa 15% kapal dalam kondisi tidak layak laut. Penelitian ini menyimpulkan bahwa terdapat hubungan integratif yang erat di mana peningkatan kualitas SDM secara langsung mengoptimalkan efektivitas manajemen risiko. KSOP Kelas IV Sabang direkomendasikan untuk segera melakukan penambahan personel, sertifikasi wajib, dan mengimplementasikan sistem manajemen risiko digital terintegrasi demi menjamin keselamatan pelayaran secara preventif.
The Influence of Fiscal Policy on Regional Government Financial Performance: A Quantitative Analysis of Regional Budgets in Indonesia M. Fadly Syahputra; Janitra Prabowo; Anto Andreawan
Indonesian Journal of Multidisciplinary Sciences (IJoMS) Vol. 5 No. 1 (2026): Indonesian Journal of Multidisciplinary Sciences (IJoMS)
Publisher : CV. Era Digital Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59066/ijoms.v5i1.2281

Abstract

This study is motivated by the importance of fiscal policy in improving the financial performance of local governments in the decentralization era. The purpose of this study is to analyze the effect of local own-source revenue, intergovernmental transfers, and regional expenditure on the financial performance of local governments in Indonesia. This research uses a quantitative approach with secondary data derived from local government financial reports and regional budgets for the period 2020 to 2024 obtained from official government institutions. The analytical method employed is panel data multiple linear regression using EViews software. The results show that local own-source revenue and regional expenditure have a positive and significant effect on financial performance, while intergovernmental transfers have a negative and significant effect. Simultaneously, all independent variables significantly influence financial performance. These findings indicate that optimizing integrated fiscal policies is essential to improve local government financial performance. This study concludes that strengthening fiscal independence and effective expenditure management are key factors in enhancing the quality of regional financial management.