PROFIT : Jurnal Administrasi Bisnis
Vol. 19 No. 1 (2025): Profit: Jurnal Administrasi Bisnis

The Influence of Corporate Governance, Bankruptcy Risk on Financial Performance and Company Value

Susanto, Antoni (Unknown)
Saifi, Muhammad (Unknown)
Imamah, Nur (Unknown)



Article Info

Publish Date
06 Jan 2025

Abstract

This research aims to determine how corporate governance and bankruptcy risk affect financial performance and company value in non-financial companies listed on the IDX LQ-45 Index between 2019 and 2023. This research examines 18 non-financial organizations using the method quantitative methodology. This research uses a purposive sampling technique on companies that meet the BEI LQ-45 index criteria and provides comprehensive financial reports, corporate governance reports, ratios and other relevant data. Secondary data was collected from financial reports published by non-financial companies between 2019 and 2023—quantitative statistical analysis with PLS-SEM to test the research hypothesis. The research results show that, in the LQ-45 Index Companies listed on the Indonesia Stock Exchange from 2019 to 2023, Corporate Governance and Bankruptcy Risk had a positive and significant effect on Financial Performance, Corporate Governance and Bankruptcy Risk has a positive and not significant effect on Company Value,  and Financial Performance has a positive and significant effect on Company Value.

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Journal Info

Abbrev

profit

Publisher

Subject

Economics, Econometrics & Finance

Description

corporate governance, entrepreneurship, organization and human resource management, marketing management, financial management, operation management, strategic management, information system management, tourism and ...