Talaa : Journal of Islamic Finance
Vol. 4 No. 1: June 2024

Islamic Corporate Governance, Maqashid Syariah Index, Capital Structure, Firm Size, and Firm Value: An Empirical Analysis

Cahya, Bayu Tri (Unknown)
Ulya, Vina Himatul (Unknown)
Ali, Nor Aishah Mohd (Unknown)
Lubis, Irma Suryani (Unknown)
Restuti, Dwi Putri (Unknown)



Article Info

Publish Date
15 Oct 2024

Abstract

This research investigates the relationship between Islamic corporate governance, the Maghasid Syariah Index, and capital structure on firm value with firm size as a moderating variable. This research uses a quantitative approach, namely secondary data from the company's annual report. The sample used in this research was 41 Sharia Commercial Bank companies registered with the OJK during 2019-2022, according to the sample selection criteria using purposive sampling. The analytical methods used are multiple linear regression analysis and moderated regression analysis. The study results show that Islamic corporate governance and capital structure have a positive and significant effect on firm value, while the Maghasıd Syariah Index does not affect firm value. The study results after the moderating variable show that firm size cannot moderate the Islamic Corporate Governance and Maghasıd Syariah Index on Firm value. Meanwhile, firm size can strengthen the relationship between capital structure and firm value.

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Journal Info

Abbrev

talaa

Publisher

Subject

Economics, Econometrics & Finance

Description

Talaa : Journal of Islamic Finance is presented as an effort to globalization of Islamic finance. The goal is to become a reputable and internationally recognized scientific journal. Talaa journal focuses on Islamic Finance studies and present developments through the publication of articles. ...