Jurnal Riset Akuntansi Kontemporer
Vol 16 No 2 (2024): October Edition

CORPORATE VALUES: GOVERNANCE, RISK, COMPLIANCE (GRC) AND LEVERAGE

Muslih, Muhamad (Unknown)
Meynisa, Ambel (Unknown)



Article Info

Publish Date
30 Oct 2024

Abstract

Integrating Islamic banking into Indonesia’s broader financial system could provide valuable insights into the challenges and opportunities associated with traditional banking practices with Sharia-compliant values. This research examined the effect of Governance, Risk, Compliance, and leverage on the corporate value of Islamic Commercial Banks in Indonesia from 2018-2022, with size, age, and profitability as control variables. The research utilized panel data regression on 11 purposively sampled banks, and it found that GRC and leverage significantly affected corporate value simultaneously. Moreover, the board of directors and Sharia Supervisory Board negatively affected corporate value, while the audit committee and leverage had a positive effect. Corporate size and age significantly affected corporate value, whereas profitability did not. The research underscored the importance of GRC and leveraged in determining corporate value and calls for additional research to assist the investor in making informed decisions and evaluating potential investments in the Islamic financial sector.

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Journal Info

Abbrev

jrak

Publisher

Subject

Economics, Econometrics & Finance

Description

Jurnal Riset Akuntansi Kontemporer invites manuscripts in the various topics include, but not limited to, functional areas of International and financial accounting; Management and cost accounting; Tax; Auditing; Accounting information systems; Accounting education; Environmental and social ...