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Journal : Jurnal Penelitian Ekonomi dan Bisnis

Analysis of The Effect of Corporate Governance on Company Performance with Working Capital as A Mediating Variable (Study on Manufacturing Companies in Indonesia) Ardira, Givantoro Agma; Hersugondo, Hersugondo
Jurnal Penelitian Ekonomi dan Bisnis Vol. 9 No. 1 (2024): March 2024
Publisher : Universitas Dian Nuswantoro Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33633/jpeb.v9i1.8622

Abstract

This study aims to examine the effect of Corporate Governance (CG) consisting of Board Independence (BI), Board Diversity (BD), Return on Assets (ROA), and Return on Equity (ROE) mediated by the Working Capital (WC) at Indonesia Manufacture Company during the current year 2019–2021. Purposive sampling method was used to determine the number of research samples. With a total sample of 63 samples from 2019–2021. The analytical technique used is multiple linear regression for each research model with the SPSS:25 program which previously passed the classical assumption test. The results in this study, BI has a positive and not significant effect on WC and BD has a positive and significant effect on WC. Variable BI has a positive and not significant effect. ROA and BD have a positive and not significant effect on ROA and WC has no effect on ROA then finally in the third model the BD has a positive and significant effect on ROE. Variable BD has a positive and significant effect on ROE and then the last variable WC has no effect on ROE.Keywords:Corporate Governance, Working Capital, Firm performance
The Effect of Oil Price Shock and Inflation on Stock Returns: A Comparative Study on ASEAN-3 Kristyaningrum, Agatha Canonia; Hersugondo, Hersugondo
Jurnal Penelitian Ekonomi dan Bisnis Vol. 6 No. 1 (2021): March 2021
Publisher : Universitas Dian Nuswantoro Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33633/jpeb.v6i1.3950

Abstract

This study aims to examine the effect of the WTI type oil price shock and inflation on stock returns from the ASEAN-3 capital markets, namely Indonesia, Thailand, and Philippines. The data used are monthly data from 2015 to 2019. The data analysis technique used is multiple linear regression. The results showed that oil price shocks had a significant positive effect on stock returns on the JASICA Mining index and the SET Resources index, but had no significant effect on the PSE Mining and Oil index. Furthermore, inflation had a significant positive effect on stock returns of Indonesia seen from the JASICA Mining index. Whereas, inflation had no significant effect on the SET Resources index of Thailand and the PSE Mining and Oil stock index of Philippines. Keywords: Oil price shock, Inflation, Stock return