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The Influence of Financial Performance on Company Value with Good Corporate Governance and Corporate Social Responsibility as A Moderation Variable on Manufacturing Listed on The Indonesia Stock Exchange for The Period 2019-2023 Naramarito Pardede, Wasti; Dharmawan Buchdadi, Agung; Gurendrawati, Etty
International Journal of Economics, Management and Accounting (IJEMA) Vol. 1 No. 12 (2024): May
Publisher : Lafadz Jaya Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47353/ijema.v1i12.133

Abstract

The purpose of this research is to examine the effect of financial performance on firm value, to test the effect of Good Corporate Governance on firm value, to determine whether Good Corporate Governance can moderate the relationship between financial performance and firm value, to investigate the effect of Corporate Social Responsibility on firm value, and to determine whether Corporate Social Responsibility can moderate the relationship between financial performance and firm value. Financial performance is proxied by ROA and ROE. Firm value is proxied using Tobin's Q. Good Corporate Governance is measured by the proportion of independent commissioners, managerial ownership, and institutional ownership. Meanwhile, Corporate Social Responsibility is measured using the Corporate Social Responsibility Disclosure Index based on the indicators in the GRI G4 Sustainability Reporting Guidelines. The subjects of this study are all manufacturing companies listed on the Indonesia Stock Exchange for the period 2019-2023. The total sample of the study is 39 companies. The results of this study indicate that financial performance significantly affects firm value with a negative regression coefficient (-0.348) and a high t-statistic (-7.547, p < 0.05). Good Corporate Governance (GCG) also significantly influences the relationship between financial performance and firm value, as indicated by a positive regression coefficient (4.297) and a significant t-statistic (3.561, p < 0.05). Corporate Social Responsibility (CSR) also significantly affects the relationship between financial performance and firm value, with a positive regression coefficient (1.470) and a high t-statistic (6.280, p < 0.05).
The Influence of Environmental, Social and Governance and the Risk of Financial Information Disclosure on Investment Efficiency in Environmentally Sensitive Industrial Companies in ASEAN 5 Period 2018-2022 Irianingsih, Eka; Nazir Ahmad, Gatot; Dharmawan Buchdadi, Agung
International Journal of Economics, Management and Accounting (IJEMA) Vol. 1 No. 12 (2024): May
Publisher : Lafadz Jaya Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47353/ijema.v1i12.134

Abstract

The aim of this research is to examine the effect of Environmental, Social, and Governance (ESG) disclosure and Financial Information Disclosure on Investment Efficiency where the variables used in this research are the dependent variable (Investment Efficiency), the independent variable (ESG and Risk of Financial Information Disclosure) and control variables (Tangible, Leverage, Company Performance). The population in this study are environmentally sensitive industrial companies in ASEAN 5 which have active status and are listed on the Indonesia Stock Exchange (IDX), Singapore Stock Exchange (SGX), Malaysia Stock Exchange (MYX), Philippine Stock Exchange (PSE), and Stock Exchange Thailand (SET) for the period 2018 – 2022. Sampling was carried out by purposive sampling. Based on purposive sampling in sample selection, 250 research samples were obtained for five consecutive years. The findings of this research indicate that Environmental, Social, and Governance (ESG) has no effect on investment efficiency. Meanwhile, the Risk of Financial Information Disclosure has a positive and significant effect on investment efficiency.
Co-Authors A. W. S Waspodo, Agung Aditya , Shandy Adler Haymans Manurung Afwan Efendi Afwan Efendi Albasita Syafna Al&#039;azhary Alessandro Simanihuruk Amalia Amelia Sholeha Anak Agung Alvian Prasetya Putera Andre, Muthia Nabila Andry Priharta Anismadiyah, Vega Atik Widayati Atmadja, Kris Fachuriyanti Ayu Annisa Rahmawati Bima Erlangga Budi Santoso Christian Wiradendi Wolor Dara Roswanti Pratami Destria Kurnianti Dewi Gathmyr Dewi Susita Dicky Iranto Dwi Cahyani Eric Hermawan Erlangga, Bima Erlangga Etty Gurendrawati, Etty Eva Herianti Fadlun A Hamid Fadlun A Hamid Fajri Akbar Fath Arif Mukti Sukaeri Fatimah Az-Zahro Febriana, Hadijah Frisca, Dhea Gabriela Melina Widiasih Gatot Nazir Ahmad Hadistira, Valdi HAMIDAH Hamidah . Hamidah, Hamidah Hapzi Ali Harisman Hendri Sucipto I Gusti Ketut Agung Ulupui Ifatuhoriah Yusuf Ifatuhoriah Yusuf Ika Nur Setiowati Imelda Sari Indriyanti, Isti Irianingsih, Eka Jerry Jerry M. Edo Suryawan Siregar Mahfirah, Titis Fatarina Margie, Lyandra Aisyah Mitha Icha Yanti Tambun Mitsalina Tantri Monica Dewi Muhammad Edo Suryawan Siregar Muhammad Fawaiq Muhammad Fawaiq Muhammad Fawaiq, Muhammad Muhammad Yusuf Muhammad Yusuf Musyaffi, Ayatulloh Michael Nabilla Ramadhani Nabillah Hasna Naily , Mayang Fauny Naramarito Pardede, Wasti Nazir Ahmad, Gatot Nithaqaini Yurasti, Inggih Asma Nofriska Krissanya Nurul Febriani, Annisa Obing Zaid Sobir Obing Zaid Sobir Oktafianto, Erlangga Oktariswan, Dony Panji Patra Anggaredho, Panji Patra Pebianti, Vina Perdana, Sararya Haikal Prameswari, Rita Prasetya, Budi Agung Puji Wahono Puji Yuniarti Purwana E.S., Dedi Rahmadhani, Safitri Dwi Rahmawati, Ayu Annisa Ramadhan, Sahlan Afri Ramdani, Adnan Fauzan Ramli Ramli Ratnawaty Marginingsih Rd. Tuty Sariwulan Ria Kurniawati Rosa Salsa Bila Ruswiati Suryasaputra Safariningsih, Ratna Tri Hari Saffanah Aini Rahmani Salsabila Putri Ramadhanti Sararya Haikal Perdana Shandy Aditya Sibarani, Silvia Paula Artha Silvana Syah Silvana Syah Silvana Syah Siregar, M. Edo Suryawan Siti Hamidah Rustiana Solikha , Solikha Sonny Haryanto Sophie Hestia Putri SS, Muh Fathul Mubaraq Suhayat, Jajang Suherman Suherman Suherman Sukma Andika Rahmayanti Sumardi Sumardi suparno Eko Widodo Suparno Suparno Suprayogi, Wahyu Suryawan Siregar, M. Edo Suwatno Suwatno SYAMSUL HIDAYAT Tessa Kusuma Dewi Ulupui, IGKA Umi Mardiyati Umi Widyastuti Umi Widyastuti Usep Suhud Usman Mustofa Vidia Ratu Balqis Malzara Vina Pebianti Virnalici, Virnalici Wahono, Puji Wicaksono, Tasya Dwi Widya Parimita, Widya Willy Cahya Sundara Zakaria, Adam