Proceedings of the 3rd International Conference of Business, Accounting, and Economics, ICBAE 2022, 10-11 August 2022, Purwokerto, Central Java, Indonesia

Research Article

Good Corporate Governance Principles And Company Value: The Impact Of Financial Performance

Download279 downloads
  • @INPROCEEDINGS{10.4108/eai.10-8-2022.2320842,
        author={Arfianty  Arfianty and Yadi  Arodhiskara and Imran  Rosadi and Fatimah  Fatimah},
        title={Good Corporate Governance Principles And Company Value: The Impact Of Financial Performance},
        proceedings={Proceedings of the 3rd International Conference of Business, Accounting, and Economics, ICBAE 2022, 10-11 August 2022, Purwokerto, Central Java, Indonesia},
        publisher={EAI},
        proceedings_a={ICBAE},
        year={2022},
        month={8},
        keywords={financial performance firm value managerial ownership manufacturing company},
        doi={10.4108/eai.10-8-2022.2320842}
    }
    
  • Arfianty Arfianty
    Yadi Arodhiskara
    Imran Rosadi
    Fatimah Fatimah
    Year: 2022
    Good Corporate Governance Principles And Company Value: The Impact Of Financial Performance
    ICBAE
    EAI
    DOI: 10.4108/eai.10-8-2022.2320842
Arfianty Arfianty1,*, Yadi Arodhiskara1, Imran Rosadi1, Fatimah Fatimah1
  • 1: Universitas Muhammadiyah Parepare
*Contact email: arfiantyarfan@gmail.com

Abstract

In addition to examining how Good Corporate Governance (GCG) influences the relationship between financial performance and the value of manufacturing companies listed on the Indonesia Stock Exchange, the study aims to ascertain how the value of manufacturing companies on the Indonesia Stock Exchange affects financial performance. The data analysis techniques used in this study are: This study uses a quantitative approach method by testing data, descriptive analysis between variables and verification analysis to test and determine the magnitude of the effect of the variable between financial performance on the value of manufacturing companies on the Indonesia Stock Exchange for the 2017-2017 period. 2019 and also uses Moderated Regression Analysis (MRA) in moderating the relationship of financial performance to the value of manufacturing companies on the Indonesia Stock Exchange for the period 2017-2019. The results of the research conclusions based on the test were obtained for ROE not having a significant effect on Tobins Q. The t value of (-0.413) and significance level of 0.681 (> 0.05) both pointed to this. Although it has a negative parameter coefficient, good corporate governance (managerial ownership) significantly affects the relationship between ROE and Tobins Q. The regression analysis results utilizing the Moderated Regression Analysis (MRA) test, which have a Rsquare value after the moderating variable is removed, suggest this (0.3 percent )