JBMP (Jurnal Bisnis, Manajemen dan Perbankan)
Vol. 11 No. 1 (2025): April: JBMP Volume 11 No. 1 2025

Governance Matters: Boosting Firm Value Through Profitability: Tata Kelola Perusahaan: Meningkatkan Nilai Perusahaan Melalui Profitabilitas

Yudi Firmansyah, Difandika (Unknown)
Purwidianti, Wida (Unknown)
Tubastuvi, Naelati (Unknown)
Fakhruddin, Iwan (Unknown)



Article Info

Publish Date
02 Apr 2025

Abstract

This study aims to explore the moderating role of good corporate governance in the relationship between financing decisions, investment decisions, dividend policy, and profitability on firm value. Utilizing a purposive sampling technique, we analyzed data from 85 manufacturing companies listed on the Indonesia Stock Exchange from 2020 to 2022, resulting in 195 unbalanced observations. Employing regression modeling with panel data, we conducted descriptive statistical tests, preliminary tests (Breusch-Pagan, Chow, and Hausman tests), diagnostic tests (heteroscedasticity and autocorrelation), and hypothesis testing. The findings reveal that while profitability positively influences firm value, financing, investment, and dividend decisions do not significantly impact it. Furthermore, good corporate governance enhances the relationship between profitability and firm value, with the presence of female directors contributing to increased profitability. However, female directors do not moderate the effects of financing, investment, and dividend decisions on firm value. This research underscores the importance of female leadership as a mechanism of good corporate governance in enhancing company value

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Journal Info

Abbrev

jbmp

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

Management Science, include: Marketing Management Finance Management Human Resources Management Management Science, include: Marketing Management Finance Management Human Resources Management Management Science, include: Marketing Management Finance Management Human Resources Management Management ...