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Journal : IQTISHODUNA

Good Corporate Governance Characteristic, Profitability and Firm Value: Evidence from Indonesia Dwi Susilowati; Nurlia Nurlia; Juwari Juwari
IQTISHODUNA IQTISHODUNA (VOL.18, No.2, 2022)
Publisher : Fakultas Ekonomi, UIN Maliki Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (378.024 KB) | DOI: 10.18860/iq.v18i2.17056

Abstract

This research aims to test the influence of good corporate governance (independent commissioners, institutional ownership, board of directors, and audit committees) and profitability on the firm value. This research was conducted because of the low GCG implementation in Indonesia. This study used multiple linear regression to test the influence between variables and Sobel tests to determine the mediation effect of profitability. The research was conducted on companies registered in LQ45 for the years 2015-2019. The data used in the study was 245 data. The results showed that independent commissioners and audit committees had a negative effect, the board of directors had a positive effect, and institutional ownership did not affect profitability. Direct testing of GCG's influence on the firm values showed that independent commissioners had a negative effect, institutional ownership had a positive effect, and the board of directors and audit committee did not affect the firm value. The results also showed that profitability could mediate the influence of GCG on the firm value except for institutional ownership variables. Further research is expected to increase the number of samples and use different measurements of the firm. Companies need to improve GCG to increase management transparency so that investors and creditors can make appropriate decisions about the company.
Co-Authors Abd. Khaliq Abdul Manap Abdul Rahman Laba Abdurahman . Abi Suar Ado Bastian Ahmad, Lia Fauziyyah Aidah, Aidah Aiyub Anshori Akbar, Pandu Muhammad Akhmad Baidun Alfiana Alfiana Ali, St. Nurhayati Almuhajir Haris, Almuhajir Alvaleri, Divka Pradya Alvianita Gunawan Putri Amir Iskandar Amriani, H., Sri Rika Andi Hidayatul Fadlilah Andi Muhammad Ishak Ismail Angga Angga Anggit, Anggit Anggraini, Sri Rahayu Anindita Evelyn Jessica Putri Anwar Fattah Arifia Nurriqli Arkam Lahiya Aulia, Kurnia Azniah Syam Bengana, Mohamed Caroline, Patheresya Daud, Ilzar Dedi Rianto Rahadi Della Dian Safitri Desti Dwi Chayati Devi Sriwulan Devi Susiati Dian Pratiwi Djumhadi Djumhadi, Djumhadi Dwi Susilowati Dwi Susilowati Endah Prawesti Ningrum Erlina Pakki Fadli Fadli Fadli Syamsuddin Fajar Fajar Fatmawati Nur Fenni Supriadi Firman Fitriani Fitriani Fitriani Fitriani Fitriansyah Fitriansyah Gazalin, Junaid Gde Bayu Surya Parwita Habibu, Afriyani Habu, Izrak Hanifah, Siti Salsabilla Hannani Hardinata, Ega Hardiyono Hariandy Hasbi Hasibuan, Mirna Hasibuan, Nuri Azri Hasibuan, Owen Hasjim, Yuli Karmila Hayati, Diana Herlambang, Dwicki Husain, Hartina Ibrahim, Mohamad Taifan Idayanti, Iin Idayanti, Rini Ifah Finatry Latiep INDRAYANI INDRAYANI Irfan Abdillah Irma Maria Dulame irvan Nurhakimi Irwan Moridu Istianingrum, Rika Istiqamah Istiqamah Jean Richard Roku Johannes Baptista Halik Jumarni Jumarni Jumria Jumria Juwari Juwita Aprillia KARIM, WAHYUDIN ABDUL Kenta, Abd. Muin KENTA, ABDUL MUIN Khaerunisa, Diana Khofifah Oktavia Klemens Mere Kusnaeni Kusnaeni, Kusnaeni Laita, Adeirma Lama'u, Sryfaida Laruba, Sumarni Lili Yanti, Lili Luqman Hakim Handoko Lutfi, Chairul M, A.Pananrangi M. Khairul Anwari M.R, Andi Oxy Rayhan Makherta, Ika Marjuno, Siti Aisyah Markus Asta Patma Nugraha Maulida, Nurliani Medinal Medinal MISMIWATI, MISMIWATI MISMIWATI MMSI Irfan ,S. Kom Moh. Fahri Haruna Mongan, Claudio Julio Mooduto, Nur’Ain Muhammad Guntur, Muhammad Muhammad Muhammad Muhammad Rezha Pahlawan Muhammad Rifki Nisardi Muin Kenta, Abd. Musdolifah, Ari Mushawwir Taiyeb Nadi Hernadi Moorcy Napitupulu, Swenty Y. Nasrullah Nasrullah Ndolan, Yospina Noor Yudha, Muhamad Novi Indrayani Novrianti S Bungaji, Reina NUR AENI Nur Aini Nurdan, Nurdan Nurfadilah Abdul Latif Nurfadillah, Nurfadilah Nurlela Nurlela Nurmala Nurmala Nurmalasari Nurmalasari Nuuridha Matiin Oslan Jumadi Panigoro, Nial Setiawan Parwoto, Parwoto Pilifus Junianto Prameswari, Diva Purwanto, Romdon Rachmawaty Muchtar, Rachmawaty Rais, Rahmi Ramdani, Sri Resky, Aprizal Revisa Putri Syahrani Rihfenti Ernayani Rina Destiana RIOFITA, HENDRA Riskiyani, Nisa Dewi Ristiana, Evi Rizal R. Manullang Rohman, Dwi Taufik Rosadi, Muhammad Edya Rosdiana Rosdiana Rukiah Saldi Samaduri, Alwia Samsibar, Samsibar Samsimbar, Samsimbar Samuel PD Anantadjaya SARIANTI SARIANTI, SARIANTI Saripujiana, Dian Sendianti Pati Septiani, Dinda Setyo Warsito Purwo Duksino SU, Imam Arrywibowo Subriati, Subriati Sudjinan Sudjinan Sudjinan Sudjinan Sukimin Sukimin SULASMI ANGGO Sulmiah, Sulmiah Susena, Edy Susilo, Defri Nanda Syarifuddin Dollah Tamimu, Sulina Tamzil Yusuf Tamzil Yusuf Tangkal, Sisilia Febriyanti Teguh Setiawan Wibowo Tiarnida Nababan Titdoy, Nadia Tomi Apra Santosa Tresnasari, Rini Tsabitah Mappangara tutik yuliani Umi Kasanah Utami, Eva Yuniarti Vivid Violin Wafiq Aziza, Sripe Wagimin Wagimin, Wagimin Wardana, Miko Andi Wardaya, Nova Sri Weni Hawariyuni, Weni Wijayaningsi , Kartika Sari winda lestari Wirawan, Hadi Purnama Wiwik Saraswati, Wiwik Yamin, Muh Nur Yusminah Hala Yuwanda, Tonny Zaitun Zaitun Zulfikri Zulfikri, Zulfikri Zulhayyir, Zulhayyir