Ika Ayu Puspitasari
Universitas Islam Negeri Raden Mas Said Surakarta

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Pengaruh Good Corporate Governance Terhadap Nilai Perusahaan Dengan Return Saham Dan Kinerja Keuangan Sebagai Variabel Mediasi Linda Fauziyah Mahromatin; Reza Nurafni Febriansari; Indah Setyo Astuti; Inna Ratna Dewi; Harmanto Harmanto; Wasto Wasto; Ika Ayu Puspitasari
Academica : Journal of Multidisciplinary Studies Vol. 7 No. 2 (2023): July-December 2023
Publisher : Universitas Islam Negeri Raden Mas Said Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22515/academica.v7i2.7396

Abstract

This research aims to examine the influence Good Corporate Governance on Firm Value with Stock Return and Financial Performance as Mediating Variables. The sampling tehcnique in this research is purposive sampling, and a total of 16 companies listed in the LQ45 index were selected as the sample for this study. The data analysis method employed is path analysis. The results of this research show that Good Corporate Governance and Financial Performance have a positive influence on Firm Value. On the other hand,Stock Return has a negative influence on Firm Value. Good Corporate Governance has a positive influence on Financial Performance and a negative influence on Stock Return. Stock Return is not not able to mediate the influence of Good Corporate Governance on Firm Value. However, Financial Performance is able to mediate the influence of Good Corporate Governance on Firm Value. The implication of this research is that companies need to understand the importance of implementig Good Corporate Governance practices in increasing company value and also need to consider the possible impacts related to Stock Returns.