Governors
Governors is interdisciplinary in its scope and encourages submissions from any discipline or any part of the world which addresses any element of the aims of the journal. The journal encompasses the full range of theoretical, methodological, and substantive debates in the area of corporate governance and corporate social responsibility. Contributions which address the link between different disciplines and/or implications for societal, organizational, or individual behavior are especially encouraged.
Articles
94 Documents
<![CDATA[The Effect of Capital Structure, Good Corporate Governance and Company Size on Firm Value ]]>
<![CDATA[Ristiyana, Rida]]>;
<![CDATA[Maresti, Amelia]]>;
<![CDATA[Taufik, Ruhiyat]]>;
<![CDATA[Yetmi, Yosi Safri]]>
<![CDATA[ GOVERNORS Vol. 3 No. 1 (2024): April-July 2024 issue ]]>
Publisher : <![CDATA[Yayasan Cita Cendekiawan Al Khwarizmi ]]>
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DOI: 10.47709/governors.v3i1.3819
<![CDATA[This study aims to examine the effect of the variables of Capital Structure, Good Corporate Governance in terms of the Board of Directors, Board of Independent Commissioners and Managerial Ownership and Company Size on Firm Value. This research is a quantitative research using secondary data. The sample in this study was 16 companies from 45 population of LQ-45 index companies listed on the Indonesia Stock Exchange for the 2015-2019 period. The sampling technique used was purposive sampling. The data analysis technique uses multiple linear regression and is processed using SPSS Version 25. The results of this study indicate that the t-test results indicate that the Capital Structure variable has a negative and significant effect on firm value and the Independent Board of Commissioners has a positive and significant effect on Firm Value. Meanwhile, the Board of Directors variable does not affect firm value, managerial ownership has no negative effect on firm value and firm size has no positive effect on firm value. The results of the F-test show that firm value can be influenced by capital structure, good corporate governance in terms of the board of directors, board of independent commissioners and managerial ownership, and firm size.]]>
<![CDATA[Executive Incentives, Profitability Against Tax Avoidance: A Study Of Banking Companies In Indonesia ]]>
<![CDATA[Nugroho, Wawan Cahyo]]>;
<![CDATA[Suprapto, Fitria Magdalena]]>
<![CDATA[ GOVERNORS Vol. 3 No. 1 (2024): April-July 2024 issue ]]>
Publisher : <![CDATA[Yayasan Cita Cendekiawan Al Khwarizmi ]]>
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DOI: 10.47709/governors.v3i1.4036
<![CDATA[Many parties contribute taxes to the State, one of which is companies. In calculating company profits, tax costs are very important because taxes are a cost account that can reduce the amount of profit the company earns during the year. The greater the tax paid to the state treasury, the less profit the company generates. This research aims to examine: executive incentives and profitability on tax avoidance. The population in this research are banking companies listed on the Indonesia Stock Exchange in 2017-2020. Sampling using purposive sampling, obtained 26 samples. This research uses multiple linear regression techniques. The results of this research indicate that executive incentives have no effect on tax avoidance because the compensation system without a share basis that applies to companies in Indonesia is less effective in motivating executives to avoid corporate taxes. In companies that manage corporate governance well, alignment between the interests of shareholders and executives through increasing compensation does not apply, so that increasing executive compensation has no effect on tax payments. Profitability has a significant negative effect on tax avoidance because companies that earn profits are assumed not to practice tax avoidance because they are able to manage their income and tax payments.]]>
<![CDATA[Biological Asset Disclosure, Profitability, and Green Accounting: The Impact on Company Value ]]>
<![CDATA[Harvanda, Veriza Norma]]>;
<![CDATA[Zandra, Rosy Aprieza Puspita]]>;
<![CDATA[Miharso, Apit]]>;
<![CDATA[Prasetya, Rizky]]>
<![CDATA[ GOVERNORS Vol. 3 No. 1 (2024): April-July 2024 issue ]]>
Publisher : <![CDATA[Yayasan Cita Cendekiawan Al Khwarizmi ]]>
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DOI: 10.47709/governors.v3i1.4104
<![CDATA[This research aimed to determine the impact of biological assets disclosure measured by using index Wallace, profitability measured by return on assets (ROA), and green accounting expressed by PROPER, on firm value, measured by using Tobin’s Q. The data used in this study were analyzed by using multiple linier regression. The population for this research comprised agricultural companies listed on the ISE between 2016 and 2022. The research sample was selected using a purposive sampling method, resulting in a total of 7 companies. The results of this research partially showed that the biological assets disclosure and profitability had a positive effect on the firm value. Meanwhile, green accounting had no effect on firm value. Simultaneously, biological assets disclosure, profitability, and green accounting had an impact on firm value. The novelty of this research lies in its comprehensive analysis of the interplay between biological asset disclosure, profitability, and green accounting practices on firm value within the agricultural sector, emphasizing the importance of adhering to PSAK 69 for biological assets disclosure. Companies should focus on improving biological assets disclosure and profitability by increasing revenue and reducing costs to enhance firm value.]]>
<![CDATA[Factors Affecting Profitability (Study On State-Owned Banks In Indonesia) ]]>
<![CDATA[Priharta, Andry]]>;
<![CDATA[Gani, Nur Asni]]>;
<![CDATA[Harun, Siti Hafnidar]]>
<![CDATA[ GOVERNORS Vol. 3 No. 2 (2024): August-November 2024 Issue ]]>
Publisher : <![CDATA[Yayasan Cita Cendekiawan Al Khwarizmi ]]>
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DOI: 10.47709/governors.v3i2.4314
<![CDATA[The research aims to determine the effect of Capital Adequacy Ratio, Non-Performing Loans, Loan to Deposit Ratio and Net Interest Margin on profitability as measured by ROA. The study was conducted at banks owned by the Government of the Republic of Indonesia or known as Bank BUMN (State-Owned Enterprises) which consists of four banks, namely Bank Mandiri (Bank Mandiri), Bank Rakyat Indonesia (BRI), Bank Negara Indonesia (BNI) and Bank Tabungan Negara (BTN). The method of the research was quantitative research, analysis secondary data. It was conducted from the financial reporting Bank BUMN period from 2011 to 2022. By multiple linear regression analysis, it was found that CAR has a significant negative effect, NPL has a significant negative effect, LDR has a significant positive effect, and NIM has a significant positive effect on profitability. Furthermore, the coefficient of determination shows that the model is able to explain 84.90% of the variation in the four dependent variables.]]>
<![CDATA[Determinants Of Financial Distress In Retail Trade Sub-Sector Companies In Indonesia ]]>
<![CDATA[Fathurachman, Fathurachman]]>
<![CDATA[ GOVERNORS Vol. 3 No. 2 (2024): August-November 2024 Issue ]]>
Publisher : <![CDATA[Yayasan Cita Cendekiawan Al Khwarizmi ]]>
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DOI: 10.47709/governors.v3i2.4315
<![CDATA[This study aims to identify the influence of cash flow, sales growth, liquidity, and profitability on financial distress. This study uses a quantitative approach by utilizing secondary data in the form of company financial statements. The population in this study is companies that belong to the retail trading sub-sector listed on the Indonesia Stock Exchange. The purposive sampling method was used to select 12 companies as research samples. The analysis method used is multiple linear regression. The results showed that cash flow, sales growth, and liquidity had a significant negative influence on financial hardship, which meant that an increase in these three variables tended to lower the risk of financial hardship. Meanwhile, the profitability variable did not show a significant influence on financial difficulties, indicating that the level of profitability was not directly related to the financial condition of the company that was experiencing difficulties. These findings provide important insights for company management in managing financial risks.]]>
<![CDATA[Analysis Of Financial Performance Of Muhammadiyah Aisyiyah Hospital In Jakarta Before And After The Covid-19 Pandemic ]]>
<![CDATA[Pantjatmono, Teguh]]>;
<![CDATA[Priharta, Andry]]>;
<![CDATA[Riyanti, Riyanti]]>
<![CDATA[ GOVERNORS Vol. 3 No. 2 (2024): August-November 2024 Issue ]]>
Publisher : <![CDATA[Yayasan Cita Cendekiawan Al Khwarizmi ]]>
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DOI: 10.47709/governors.v3i2.4316
<![CDATA[This study aims to analyze differences in the financial performance of the Muhammadiyah-Aisyiyah Hospital (RSMA) in Jakarta before and after the COVID-19 pandemic. Data was obtained from financial reports (2017Q1-2022Q4) which were analyzed using the ANOVA difference test. Based on the analysis and discussion, it was found that there was a significant difference in financial performance in the financial ratios of TATO and PBT, while the difference in DAR was not significant before and after the COVID-19 pandemic in the RSIJ Group. Apart from that, it was found that financial performance was better after the COVID-19 pandemic.This research provides practical insights for hospital managers and stakeholders in designing more effective policies for financial management during and after the pandemic. The increase in the Debt to Assets Ratio in several hospitals shows the need for better debt management strategies, while the decrease in the Total Assets Turnover Ratio emphasizes the importance of increasing the efficiency of assets use. The increase in Profit Before Tax in several hospitals indicates opportunities to increase profitability through appropriate management despite existing challenges. To improve the financial performance of Muhammadiyah private hospitals in DKI Jakarta, it is recommended to improve asset management to make it more effective, diversify income sources to reduce financial risks, improve revenue and operational expense management strategies, and invest in advanced health technology.]]>
<![CDATA[Investor Reaction To The Implementation Of Sustainability Reporting ]]>
<![CDATA[Pulungan, Riski Hamdani]]>;
<![CDATA[Khomsiyah, Khomsiyah]]>
<![CDATA[ GOVERNORS Vol. 3 No. 2 (2024): August-November 2024 Issue ]]>
Publisher : <![CDATA[Yayasan Cita Cendekiawan Al Khwarizmi ]]>
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DOI: 10.47709/governors.v3i2.4394
<![CDATA[The purpose of the disclosure of Sustainability Reporting is to solve social and environmental issues and may have an impact on achieving sustainable development in the face of social responsibility issues. In addition, Sustainability Reporting Disclosures can be used to achieve company goals. This study aims to analyze the implementation of Sustainability Reporting and whether it affects investor reactions in considering investment decisions. Sustainability Reporting disclosure in this study was tested as an independent variable with control variables EPS, PBV, and Dividends. An increase or decrease in stock prices indicates that investors react to the information disclosed, in this study, stock prices were tested as the dependent variable. The total research sample is 30 companies listed on the Indonesia Stock Exchange, with the category of companies getting an assessment rating from the National Center for Sustainability Reporting (NCSR). The results of hypothesis testing show that Sustainability Reporting disclosures have a significant effect on stock prices, so it can be concluded that Sustainability Reporting disclosures can provide a reaction to investor decisions. Control variables EPS, PBV, and Dividend Policy significantly affect stock prices.]]>
<![CDATA[The Influence of Profit Persistence, Capital Structure, and Dividend Policy on Earnings Quality ]]>
<![CDATA[Brilian, Britania Reskin]]>;
<![CDATA[Effriyanti, Effriyanti]]>
<![CDATA[ GOVERNORS Vol. 3 No. 2 (2024): August-November 2024 Issue ]]>
Publisher : <![CDATA[Yayasan Cita Cendekiawan Al Khwarizmi ]]>
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DOI: 10.47709/governors.v3i2.4418
<![CDATA[This research is motivated by the fact that currently profit is very important for investors and other users of financial reports to understand. Quality profits can be used to make the right decisions, therefore profits are still very important to discuss. This study aims to analyze the effect of profit persistence, capital structure, and dividend policy on earnings quality. This type of research is quantitative research with secondary data sources. The population in this study is 75 energy sector companies listed on the Indonesia Stock Exchange in 2018-2022. The sample selection method used in this study is purposive sampling so that the final sample obtained by this method is 14 companies with 5 years of research obtained 70 data. The research results show that simultaneously the variables of profit persistence, capital structure and dividend policy have an effect on earnings quality. Then, partially, the earnings persistence and capital structure variables have no effect on earnings quality. Meanwhile, the dividend policy variable influences earnings quality. Based on the research results, it can be concluded that companies that have increasingly consistent profits and companies that use funds originating from debt will not influence the high or low quality of the profits produced by the company, while companies that have a higher dividend policy will have a higher quality of profits produced by the company.]]>
<![CDATA[The Influence of Environmental, Social, Governance and Capital Structure Performance on Financial Performance ]]>
<![CDATA[Fajar, Kemaludin Rahmat]]>;
<![CDATA[Effriyanti, Effriyanti]]>
<![CDATA[ GOVERNORS Vol. 3 No. 2 (2024): August-November 2024 Issue ]]>
Publisher : <![CDATA[Yayasan Cita Cendekiawan Al Khwarizmi ]]>
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DOI: 10.47709/governors.v3i2.4436
<![CDATA[This study aims to analyze the influence of Enviromental, Social and Governance (ESG), and capital structure on financial performace. This type of research is quantitative research with secondary data sources. The population in this study is financial sector companies listed on the Indonesia Stock Exchange (IDX) in 2018-2022. The sample selection method used in this study is purposive sampling wich undergoes an outlier process, so that the final sample obtained is 10 companies. The result of the study shows that silmutaneously the variables of Enviromental, Social and Governance (ESG) and capital structure have an effect on financial performance. The result show that companies had high ESG scores and low capital structures can improve their financial performance. Then partially the Enviromental, Social and Governance (ESG) variables have an influence on financial performance. The result show that companies with high ESG scores have the potential to improve the company’s financial performance. Furthermore, the capital structure variable has no effect on financial performance. The result show that Bank companies with a large amount of debt cannot affect the company’s financial performance.]]>
<![CDATA[Content Analysis of Sustainability Report in Indonesia’s Banking Sector ]]>
<![CDATA[Azizah, Muthia]]>;
<![CDATA[Widiyati, Dian]]>
<![CDATA[ GOVERNORS Vol. 4 No. 1 (2025): April-July 2025 Issue ]]>
Publisher : <![CDATA[Yayasan Cita Cendekiawan Al Khwarizmi ]]>
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DOI: 10.47709/governors.v4i1.5933
<![CDATA[Sustainability reporting is considered as one of the strategic tools for companies in order to demonstrate their environmental, social, and governance (ESG) responsibilities. In the banking sector, sustainability reports play an important role in complying with regulations and increasing transparency to stakeholders. The aim of this study is to analyze the completeness of sustainability report disclosures based on the 2021 Global Reporting Initiative (GRI) standards and compare the level of disclosure between banks based on the 2023 Asia Sustainability Reporting Rating (ASRRAT). The study used a content analysis method with a sample of seven banks from various categories of Bank Groups Based on Core Capital (KBMI). The results of the study show that all banks have followed the 2021 GRI standards, although there are variations in the completeness of disclosures on economic, environmental, and social aspects. In addition, banks with a Platinum rating have better disclosures than those with a Gold rating; especially, on the GRI standards for the financial services sector. This study provides a contribution in the form of policy suggestions for the Financial Services Authority (OJK) in order to improve supervision of sustainability reporting and align with international standards. Meanwhile, for banks, it is important to strengthen disclosures on material topics; such as, anti-competitive behavior and tax transparency, to improve the quality of reports and build stakeholder trust.]]>
