Abstract
References
- Agustina, Linda and NiswahBaroroh. (2016). The Relationship between Enterprise Risk Management (ERM) and Firm Value Mediated Through The Financial Performance. Review of Integrative Business &EconomicsResearch. Vol.5 no.1 pp 128-138. Bauer, Rob and Roger Otten.(2004). Empirical evidence on corporate governance in Europe.The Effect on Stock Returns, Firm Value and Performance.Journal of Asset Management. August 2004. Gill,Amirjit and John D Obradovich.(2013). The Impact of Corporate Governance and Financial Leverage on The Value of Amrican Firms. International Research of Finance and Economics, ISSN 1450-2887 Issue 91. (Diaksestanggal 07 Mei 2015). Mahendra, Alfredo.(2011). Pengaruh Kinerja Keuangan terhadap Nilai Perusahaan (Kebijakan Deviden sebagai Variabel Moderating) pada Perusahaan Manufaktur di Bursa Efek Indonesia.TesisUniversitasUdayana Bali. Nahar, Shamsun. Christine Jubb and Muhamad I.Azim. (2016). Risk Governance and Performance: a developing country perspective. Managerial Auditing Journal.Vol.31 Iss 31 pp.250-268. Perdana, Ramadhan Sukma.(2014). AnalisisPengaruh Corporate Governance TerhadapNilai Perusahaan.Diponegoro Journal of Accounting, Volume 3 Nomor 3 Tahun 2014, pp. 1-13. Sekerci, Naciye.(2013). Does Enterprise Risk Management Create Value for Firms?: Evidence from Nordic Countries. Ph.D thesis, School of Economics and Management, Lund University. Tahir, IzahMohd and Ahmad Rizal Razali.(2011). The Relationship Between Enterprise Risk Management (ERM) and Firm Value, Evidence From Malaysian Public Listed Companies. International Journal of Economics and Management Science, vol.1 No.2 2011, pp 32-41. Tanderlilin, (2010).AnalisisInvestasidanTeoriPortofolio.Yogyakarta :Penerbit YKPN
Abstract
Corporate Governance is one of the company's assets that is capable of
being a characteristic which reflects the values that built the company. The
governance that carried out continuously will affect work pattern and company
performance. One of the company's performances is financial performance. The
aimed of this research are to analyze the effect of financial performance and
corporate governance on firm value as individual variable and to analyze the
effect of corporate governance to firm value through the financial performance.
The population of this research is all Indonesian companies listed in Corporate
Governance Performance Index (
in 2012-2014 as many as 32 companies. The samples used purposive sampling
technique and get 22 companies with 66 analysis units. Documentation technique
used to collect the data which analyzed by path analysis using Structural Equation
Modelling (
results showed that financial performance could be mediating the effect of
corporate governance on firm value; proved by there is a significant effect of
corporate governance on financial performance and financial performance on firm
value, but there is no significant effect of corporate governance on firm
value.
References
- Agustina, Linda and NiswahBaroroh. (2016). The Relationship between Enterprise Risk Management (ERM) and Firm Value Mediated Through The Financial Performance. Review of Integrative Business &EconomicsResearch. Vol.5 no.1 pp 128-138. Bauer, Rob and Roger Otten.(2004). Empirical evidence on corporate governance in Europe.The Effect on Stock Returns, Firm Value and Performance.Journal of Asset Management. August 2004. Gill,Amirjit and John D Obradovich.(2013). The Impact of Corporate Governance and Financial Leverage on The Value of Amrican Firms. International Research of Finance and Economics, ISSN 1450-2887 Issue 91. (Diaksestanggal 07 Mei 2015). Mahendra, Alfredo.(2011). Pengaruh Kinerja Keuangan terhadap Nilai Perusahaan (Kebijakan Deviden sebagai Variabel Moderating) pada Perusahaan Manufaktur di Bursa Efek Indonesia.TesisUniversitasUdayana Bali. Nahar, Shamsun. Christine Jubb and Muhamad I.Azim. (2016). Risk Governance and Performance: a developing country perspective. Managerial Auditing Journal.Vol.31 Iss 31 pp.250-268. Perdana, Ramadhan Sukma.(2014). AnalisisPengaruh Corporate Governance TerhadapNilai Perusahaan.Diponegoro Journal of Accounting, Volume 3 Nomor 3 Tahun 2014, pp. 1-13. Sekerci, Naciye.(2013). Does Enterprise Risk Management Create Value for Firms?: Evidence from Nordic Countries. Ph.D thesis, School of Economics and Management, Lund University. Tahir, IzahMohd and Ahmad Rizal Razali.(2011). The Relationship Between Enterprise Risk Management (ERM) and Firm Value, Evidence From Malaysian Public Listed Companies. International Journal of Economics and Management Science, vol.1 No.2 2011, pp 32-41. Tanderlilin, (2010).AnalisisInvestasidanTeoriPortofolio.Yogyakarta :Penerbit YKPN
Details
| Journal Section | Articles |
|---|---|
| Authors | |
| Publication Date | December 27, 2017 |
| Submission Date | September 12, 2017 |
| Published in Issue | Year 2017 |
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