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Journal : EKONOMIS : Journal of Economics and Business

Peran Profitabilitas dalam Memediasi Pengaruh Good Corporate Governance (GCG) dan Corporate Social Responsibility (CSR) terhadap Nilai Perusahaan di Indeks LQ45 (2019 – 2023) Hartanto, Ignatius Edbert; Trimurti, Christimulia Purnama; Adinegara, Gusti Ngurah Joko; Nainggolan, Gilbert
Ekonomis: Journal of Economics and Business Vol 9, No 1 (2025): Maret
Publisher : Universitas Batanghari Jambi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33087/ekonomis.v9i1.2343

Abstract

This study examines the function of profitability in mediating the influence of corporate governance, and corporate social responsibility on company value in companies listed on the LQ45 Index during the period 2019 - 2023. The structural equation modeling (SEM) analysis method based on partial least square (PLS). The results of this study indicate that Good Corporate Governance (GCG) and Corporate Social Responsibility (CSR) have a significant positive effect on company value. GCG assessed through the ratio of independent commissioners and the size of the audit committee shows a significant positive impact on profitability, while CSR does not show a significant effect. Profitability is proven to function as a mediator in the relationship between GCG and company value, but does not function as a mediator in the relationship between CSR and company value. In addition, this study found that efficient GCG implementation can increase company value both directly and through increased profitability, while the effect of CSR on company value is more focused on creating long-term value through increasing stakeholder reputation and loyalty.
Co-Authors ., Komalawati Adi Putra, I Gede Krisna Dharmana Andi Sintia Yulianto Antara, I Ketut Ady Merta Artaningrum, Rai G. Arycha Sheren Astuti, Kadek Ayu Puja Bagus Oka Frenky Saputra Cecep Pahrudin Damayanti, Putu Mira Debel, Gede Bagus Ivan Suartika Dermawan Waruwu Dermawan Wuruwu DEWI, Dewa Ayu Dwi Sukma Dewi, Putu Silvia Elviera Dwi Puja Sastra Eka Putri Suryantari Febby Ica Cahyani Fitria Ariyani Ganung, Maria Ofin Ginting, Maria Fransiska Gusti Ngurah Joko Adi Negara Hartanto, Ignatius Edbert I Gede Agus Mertayasa I Gede Mertayasa I Gusti Bagus Rai Utama I Made Darmayasa I Made Dwi Wira Ardana I Made Yoga Adnyana I Nyoman Tingkes I Nyoman Tri Arjana I Putu Darmawijaya I Wayan Benyamin Eddy Yulianto I Wayan Ruspendi Junaedi IWK Teja Sukmana Joko Adinegara, I Gusti Ngurah Kadek Fransiska Kharisma Oktarina Komang Trianta Komang Trianta Komang Yuda Widiarta Krismawintari, N.P.D. Lia Sukma Dewi Made Selvia Marchella Magdalena F Mariano Putra Denay Kantu MARTINIASIH, Putu Mas Mertayasa, I Gede Agus Mrs Komalawati Nainggolan, Gilbert Negara, Gusti Ngurah Joko Adi Ni Kadek Dian Cintya Dewi Ni Luh Putu Ari Santi Dewi Ni Luh Putu Deva Yanti Ni Luh Putu Sri Purnama Pradnyani Ni Luh Putu Suarmi Sri Patni Ni Made Diana Erfiani Ni Made Laksmi Kusuma Dewi Ni Putu Elika Crusita Dewi3 Ni Wayan Nursini Nita Naga Octavia Nunung Ayu Sofiati Pawitri, Ni Nyoman Herlina Maha Prakasa, Made Bagus Prasetyo, Ananda Putu Brigita Ayu Melani Putu Chris Susanto Putu Dicky Fernaldi Setiawan Putu Mas Martiniasih Putu Suarmi Sri Patni R Tri PriyonoBudi Santoso R. Tri Priyono Budi Santoso Regita Putri Wardani Rintis Eko Widodo Rondonuwu, Jilian M. Sang Made Widhi Wiguna SANTOSO, R Tri Priyono Budi Santoso, R. Tri Priyono Budi Saputra, Bagus Oka Frenky Sukmawati, Mia Dana Sulestiyorini, Christina Rosalia Utami, Luh Putu Sulistya Ari Widiyantara, I Gede Agus Windayanti, Putu Ayu Wirnawan, I Wayan Agus Yantini, Ni Putu Dewi Yeyen Komalasari Yulianto, I Wayan Benyamin Eddy Yurianta, I Wayan Dedik