Accounting Analysis Journal
Vol 12 No 2 (2023)

Investment, Funding Decisions, Firm Value with Corporate Governance as Variable Moderation in Indonesia Stock Exchange

Djuminah Djuminah (Department of Accounting, Faculty of Economics and Business, Universitas Sebelas Maret, Indonesia)
Rahmawati Rahmawati (Department of Accounting, Faculty of Economics and Business, Universitas Sebelas Maret, Indonesia)
Ari Kuncara Widagdo (Department of Accounting, Faculty of Economics and Business, Universitas Sebelas Maret, Indonesia)
Sri Hartoko (Department of Accounting, Faculty of Economics and Business, Universitas Sebelas Maret, Indonesia)
Setianingtyas Honggowati (Department of Accounting, Faculty of Economics and Business, Universitas Sebelas Maret, Indonesia)
Siti Nurlaela (Department of Accounting, Faculty of Economis, Universitas Islam Batik Surakarta / Universitas Sebelas Maret, Indonesia)
Kiswanto Kiswanto (Department of Accounting, Faculty of Economics and Business, Universitas Negeri Semarang / Universitas Sebelas Maret, Indonesia)



Article Info

Publish Date
20 Nov 2023

Abstract

Purpose : This study aims to examine the effect of investment decisions and funding decisions on company value with good corporate governance as a moderating variable in mining companies listed on the Indonesia Stock Exchange and included in the CGPI rating for the period 2017 -2021. The sampling technique was used for 5 years. Method : The sample for this research was purposive sampling with a total sample of 17 state-owned and non-state-owned mining companies. Analysis technique research model using Moderated Regression Analysis (MRA). Findings : The research results show that investment decisions affect firm value. Investment decisions moderated by corporate governance have a positive effect on firm value, while funding decisions moderated by corporate governance have a negative effect on firm value. Novelty: The presence of corporate governance as a moderating variable on the influence of investment decisions and funding decisions on firm value Keywords: Investment Decisions; Funding; Firm Value; Corporate Governance

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Journal Info

Abbrev

aaj

Publisher

Subject

Economics, Econometrics & Finance

Description

Accounting Analysis Journal is a peer-reviewed international journal contains theoretical as well as empirical studies regarding the Financial and Capital Market Accounting, Auditing, Accounting Information Systems, Management Accounting, Taxation, Public Sector Accounting, Islamic Accounting and ...