Analysis of the Influence of Good Corporate Governance and Intellectual Capital on Financial Performance (Studies of Entertaintment and Media Industry Companies Listed on the IDX in 2014-2021)

The objective to be achieved in this study is to test how the influence of Good Corporate Governance, Intellectual Capital on Intellectual Capital Disclosure with Financial Performance as an Intervening Variable. The population in this study is high-tech manufacturing companies listed on the Indonesia Stock Exchange. The research data was taken from the Indonesia Stock Exchange website for the period 2017 - 2019. The research method used is causal research, with multiple linear regression analysis methods. The sampling technique used purposive sampling and the data analysis technique used E-Views 11. The results of the study showed that (1) Good Corporate Governance, which is proxied by Institutional Ownership, the Proportion of Independent Audit Committees has a significant positive effect on Intellectual Capital Disclosure, (2) Good Corporate Governance, which is proxied by the Proportion of Independent Commissioners, does not have an effect on Intellectual Capital Disclosure, (3) Good Corporate Governance, which is proxied by Managerial Ownership and Intellectual Capital, has a significant negative effect on Intellectual Capital Disclosure, (4) Financial Performance is unable to mediate the relationship between GCG and Intellectual Capital Disclosure, Financial Performance mediates the relationship between Intellectual Capital and Intellectual Capital Disclosure.

State-Owned Enterprises (SOEs) which were previously managed entirely by the Government, have shifted the paradigm to professional management. This research is a quantitative study that examines the influence of Good Corporate Governance (GCG), Intellectual Capital, and Corporate Social Responsibility (CSR) on Financial Performance and Company Value. The study population is a state-owned company listed on the Indonesian Stock Exchange that is not financial, so that 16 companies are obtained. The results showed that: (1) GCG has a positive effect on firm value; (2) Intellectual Capital has a positive effect on company value; (3) CSR has a negative effect on company value; (4) financial performance has a positive effect on firm value; (5) GCG has a positive effect on financial performance; (6) Intellectual Capital has a positive effect on financial performance; (7) CSR has a positive effect on financial performance; (8) Financial performance mediates the effect of GCG on firm value; (9) Financial performance mediates the effect of Intellectual Capital on firm value; and (10) Financial performance mediates the effect of CSR on firm value. This novel research lies in the GCG measurement indicators that use 5 pillars, namely: Transparency, Accountability, Responsibility, Independence, and Fairness (TARIF). The theoretical implications of this research relate to signaling theory that companies that implement GCG, pay attention to intellectual capital, and CSR are captured as a positive signal to investors. In addition, theoretical implications also relate to stakeholder theory that companies that apply GCG, pay attention to intellectual capital, and CSR make managers more focused on managing the company, without being hindered by social cases, human rights, demonstrations from the public, thus making stakeholders protected.

This study aims to determine the effect of good corporate governance (managerial ownership, institutional ownership, number of board of commissioners, and audit committees) on the company's financial performance in construction and building sub-sector companies listed on the Indonesia Stock Exchange. In addition, this research also aims to determine whether earnings management can be used as a moderation variable for managerial ownership relationships, institutional ownership, the number of board of commissioners, and audit committees with the company's financial performance. The research design conducted is a causal relationship research with a quantitative approach. The sample in this study was ten construction and building sub-sector companies listed on the Indonesia Stock Exchange from 2013 to 2021. The type of data used in this study was secondary data. Sample determination techniques using purposive sampling. Data analysis techniques use multiple linear regression analysis and residual tests for moderation variables conducted with the help of EViews software 10. The results in this study indicate that partially managerial ownership has a positive and significant effect on the company's financial performance, institutional ownership has a negative and significant impact on the company's financial performance, the number of the board of commissioners has a positive but not significant effect on the company's financial performance, and the audit committee has a negative but not significant impact on the company's financial performance as well as other results show that earning management needs to moderate the influence of managerial ownership, institutional ownership, or the number of boards of commissioners and audit committees on the company's financial performance in the construction and building sub-sector companies listed on the Indonesia Stock Exchange. Keywords: Good Corporate Governance, Managerial Ownership, Institutional Ownership, Number of Commissioners, Audit Committees, Company Financial Performance, and Earning Management.

The aim of this research is to determine the influence of good corporate governance and asset management on financial performance with ERP (enterprise resource planning) as mediation variable in construction subsector in Indonesia in 2023. The object of this research is all company in construction subsector in Indonesia. The objectives are, (1) To determine the influence of Good Corporate Governance (GCG) on Enterprise Resource Planning (ERP), (2) To determine the influence of Asset Management on Enterprise Resource Planning (ERP), (3) To determine the effect of Enterprise Resource Planning (ERP) on Financial Performance. (4) To determine the influence of Good Corporate Governance (GCG) on financial performance both directly and indirectly through ERP as a mediating variable, and (5) To determine the influence of Asset Management on financial performance both directly and indirectly through ERP as a mediating variable. The methodology used in this research is descriptive statistical analysis, path analysis, and chi square analysis. And result of this research is Good Corporate Governance (GCG) has a significant influence on Enterprise Resource Planning (ERP) with a direct influence of 73.2%. ERP itself has a significant influence on Financial Performance, with a value of 1.570 and a significance of 0.043, and a direct influence of 246%. Meanwhile, GCG does not have a direct influence on Financial Performance, but through ERP as a mediating variable with an indirect influence of 134%. This shows that ERP fully mediates the relationship between GCG and Financial Performance.

This study aims to determine and analyze the effect of Corporate Social Responsibility, Green Accounting, Intellectual Capital, and Firm Size on Financial Performance with Good Corporate Governance as a moderating variable. This study was conducted on mining companies listed on the Indonesia Stock Exchange (IDX) for a five-year period, namely 2020–2024. The study population consisted of 34 mining companies, with the sampling method using purposive sampling, resulting in 33 companies as research samples. The information used was derived from secondary sources, namely annual reports and sustainability reports. Multiple linear regression and Moderated Regression Analysis (MRA) were used to analyze the data, with the assistance of EViews software. The results showed that Corporate Social Responsibility had a positive and significant effect on Financial Performance. Green Accounting and Intellectual Capital also had a positive and significant effect on Corporate Social Responsibility. Meanwhile, Firm Size had a positive but insignificant effect on Financial Performance. The results of the moderation test indicate that Good Corporate Governance is unable to moderate the influence of CSR, Green Accounting, Intellectual Capital, or Firm Size on Financial Performance. This finding suggests that increasing social responsibility, implementing green accounting, and managing intellectual capital can improve the financial performance of mining companies, but their effectiveness has not been strengthened by corporate governance mechanisms.

This research aims to examine the influence of Good Corporate Governance (GCG) including institutional ownership and the board of commissioners on financial performance with Corporate Social Responsibility (CSR) as an intervening variable. This research uses financial performance as the dependent variable and Good Corporate Governance as a proxy for institutional ownership and the board of commissioners as the independent variable and Corporate Social Responsibility (CSR) as the intervening variable. This type of research is associative research. This research uses secondary data in the form of annual financial reports originating from the Indonesia Stock Exchange (BEI). The population in this research is Primary Consumer Sub-Sector Companies listed on the Indonesia Stock Exchange 2018-2022. The sampling technique in this research used a purposive sampling method, 7 companies were obtained as research samples. The data analysis technique in this study uses the multiple linear regression analysis method and the data analysis tool in this study uses the Eviews version 12 software program. The results of the study show that GCG and CSR together have a positive effect on the company's financial performance, while the proxies for institutional ownership and the board commissioner is partially insignificant. Likewise, CSR does not have a significant impact on financial performance. In addition, the board of commissioners proxy influences financial performance through CSR as a moderation, while the institutional ownership proxy does not have a similar effect.Keywords: Good Corporate Governance, Institutional Ownership, Board of Commissioners, Corporate Social Responsibility, Financial Performance

Purpose The purpose of this paper is to evaluate how much influence good corporate governance (GCG) has on corporate value, as well as moderating effect of stock return and financial performance on the influence of GCG on corporate value. Design/methodology/approach This study was an explanatory study. The unit of analysis was the companies listed in LQ45 in Indonesian Stock Exchange and the sources of data were ICMD, annual report and financial reports of the companies. Indonesian Stock Exchange was selected as the setting of the study since Indonesian Stock Exchange is one of trading places for various types of companies in Indonesia, and it provides complete information on company’s financial data and stock price. The population was 84 companies listed in LQ45 in Indonesian Stock Exchange between 2010 and 2016. Findings The higher GCG, independent commissioners proportion, institutional managerial and public ownerships resulted in higher corporate value. MBE and PER stock return is a moderating variable in the influence of GCG on corporate value. Financial performance is moderating variable in the influence of GCG on corporate value. Originality/value Based on the previous studies, it may be concluded that there is a gap between the influence of GCG on corporate value and the influence of stock return on financial performance, and moderating variable is needed to evaluate the influence of GCG on company performance, more particularly stock return and financial performance. This discrepancy creates opportunity for conducting an in-depth study on those variables. Its novelty is correlation between stock return and financial performance as moderation. Previous studies used these as mediating variables. This study is going to generate different finding as it is conducted in different setting (country where this study is conducted), type of industry, research period and using different method of analysis.

The level of business competition is very dynamic, causing companies to take various ways to improve performances that can be viewed through financial statements. This study aims to analyze the company size as moderating variable for intellectual capital also good corporate governance after financial performance at banking firm at Indonesia Stock Exchange. This research was conducted on banking companies because banking is one of the most competitive industries and has an important influence on the economy. Research sample are banking companies listed on the Indonesia Stock Exchange from 2018 to 2021, reviewed via company annual reports. This paper examined Return on Assets (ROA), Value Added Intellectual Coefficient (VAICTM), GCG index and company size. The sampling method using a purposive sampling technique and a sample of 44 companies were counted. The data analysis technique uses SEM PLS. Based on the results of the analysis, value added intellectual coefficient and Good corporate governance give positive significant effect at financial performance meanwhile Company size has no significant effect on the relationship between the value added intellectual coefficient and the financial performance and weakens the relationship between the influence of good corporate governance towards financial performances of banking companies on the Indonesia Stock Exchange. These implications can help companies maximize their financial performance in a competitive business environment.

The strategy carried out by the company must have strong competitiveness in national and international markets. One of the important goals of establishing a company is to increase the welfare of its owners or shareholders, or maximize shareholder wealth through increasing the value of the company. This study uses a quantitative method, the sample was selected by the purposive sampling method, namely 10 manufacturing companies in the plantation sub-sector, which are listed on the IDX for the 2019-2020 period. The data collection technique uses the company's annual report from the 2019-2020 period. The analytical technique used in this study is path analysis with the help of the Eviews 8 program. The results of this study indicate that Good Corporate Governance has a value of 0.04 < 0.05, Corporate Social Responsibility 0.29 < 0.05, and Intellectual Capital 0.46 < 0.05, which means the variable Good Corporate Governance , Corporate Social Responsibility, and Intellectual Capital have a very significant effect on the performance of manufacturing companies in the plantation sub-sector.

The purpose of this study was to analyze the comparison of the influence of Good Corporate Governance, Return on Asset, Net Profit Margin on corporate value with Corporate Social Responsibility as a moderation variable of empirical studies on banking and mining companies listed on the Indonesia Stock Exchange. The study used 26 banking companies and 15 mining companies listed on the Indonesia Stock Exchange selected using the Purposive Sampling method in the period 2016-2020. This research data was analyzed using multiple regression analysis methods. The results showed that simultaneously the influence of variables Good Corporate Governance, Return On Asset, Net Profit Margin, and Corporate Social Responsibility positively affect the value of banking and mining companies. Return on Asset partially has no significant effect on the value of banking companies, while Return On Asset partially has a significant positive effect on the value of mining companies. Net Profit Margin partially had no significant effect on the value of banking and mining companies. The study also found that partial interaction of Corporate Social Responsibility variables proved to significantly moderate the relationship of the influence of Good Corporate Governance, Return On Asset, Net Profit Margin on the value of banking and mining companies.

Company value represents investors' views on a firm's performance and potential future opportunities. This research seeks to offer empirical proof regarding the impact of Intellectual Capital and Good Corporate Governance on company value, using financial performance as an Intervening variable. The subjects of the study are financial sector firms listed on the Indonesia Stock Exchange (IDX) during the period of 2020 to 2024. This research employs a quantitative approach with purposive sampling, encompassing 9 firms from the financial sector. The methods of data analysis employed consist of descriptive analysis, path analysis, tests for classical assumptions, coefficient of determination (R²), partial t-test, simultaneous F-test, and Sobel test utilizing SPSS 26. The findings indicate that Intellectual Capital has a notable negative influence on company value, whereas Good Corporate Governance does not have a significant impact. Intellectual Capital and Good Corporate Governance both positively and significantly influence financial performance. Nonetheless, financial performance does not greatly impact firm value. At the same time, Intellectual Capital, Good Corporate Governance, and financial performance have a substantial impact on the value of a firm. The Sobel test indicates that financial performance does not act as a mediator between Intellectual Capital, Good Corporate Governance, and firm value

Managers always strive to produce increased profitability by building systems in the company to be efficient and effective. Good corporate governance is formed in companies by increasing the role of supervise independent commission. This research aims to analyze the influence of good corporate governance on financial performance by using the whistleblowing system as a moderating variable. This research uses research samples from companies included in the LQ45. The research results state that good corporate governance with independent commissions positively affects financial performance. This condition can be seen from the increasing role and function of supervisors not affiliated with the company. Second, good corporate governance with an independent commission supported by the whistleblowing system can strengthen the impact of good corporate governance on financial performance. Third, the whistleblowing system established in companies has not been able to play a direct role in improving financial performance because there is still no system established in companies, and there are no government regulations to protect employees who disclose violations. Research provides practical contributions for governments and company managers to form adequate independent commissions because it can produce increased financial performance.

The development of property and real estate companies in Indonesia is expanding.Property and real estate companies have great opportunities to further develop their companies.However, an increase in intellectual capital investment does not affect financial performance and market value.Therefore, this study aims to examine the effect of intellectual capital on financial performance and the market value of the property and real estate companies in Indonesia from 2014 to 2018.The population of this research is 56 property and real estate companies listed on the Indonesia Stock Exchange (IDX) from 2014 to 2018, then the sampling technique used is purposive sampling which results in 42 companies being studied with 210 observations.This study uses independent variables, namely Value Added Capital Employed, Value Added Human Capital, and Structural Capital Value Added as a representation of intellectual capital.The dependent variables in this study are financial performance and market value.The data analysis technique used is multiple linear regression.The results show that simultaneously intellectual capital has an effect on financial performance, but it has no significant effect on market value.Partially, only structural capital has a positive and significant effect on the company's financial performance.This study has limitations, namely, the results show that the level of influence of intellectual capital on financial performance and market value is low.Therefore, it is suggested that further research should include other variables such as corporate social responsibility and good corporate governance.

The purpose of this research is to examine the Good Corporate Governance and Corporate Social Responsibility both simultaneously and partially to Financial Performance and their Implications for Firm Value on Indonesian Banks in the period of 2011-2015. The type used in this research is causality, using purposive sampling method and unbalanced panel data. The object of this research consists of 11 banks with 38 observational data. The method of analysis used in this research is path analysis. The results show that (1) Good Corporate Governance and Corporate Social Responsibility simultaneously influence towards the financial performance; (2) Good Corporate Governance has influence toward the financial performance; (3) Corporate Social Responsibility has influence toward the financial performance; (4) Good Corporate Governance, Corporate Social Responsibility, and financial performance simultaneously influence towards firm value; (5) Good Corporate Governance has no influence toward firm value; (6) Corporate Social Responsibility has no influence toward firm value; (7) The financial performance has influence toward firm value; (8) The financial performance fully mediated the influence of Good Corporate Governance toward firm value; and (9) The financial performance fully mediated the influence of Corporate Social Responsibility toward firm value.

This study aims to determine and analyze the influence of good corporate governance, internal audit on the quality of financial reports directly and indirectly through intellectual capital. The research was conducted at PT. Akebono Brake Astra Indonesia, with a sample size of 60 respondents. The method used in the sampling process is random sampling. The analysis model uses path analysis and descriptive analysis. The study's findings indicate that: 1) good corporate governance has a positive and significant impact on intellectual capital; 2) internal audit has a positive and significant impact on intellectual capital; 3) good corporate governance has a positive and significant impact on the quality of financial reports; 4) internal audit has a positive and significant impact on the quality of financial reports; 5) intellectual capital has a positive and significant impact on report quality; 6) there is no positive and significant impact of good corporate governance on report quality through intellectual capital; and 7) there is not a positive and significant influence of internal audit on report quality through intellectual capital. The company's management adheres to the principle of prudence and compliance with the articles of association and company regulations, thus fulfilling social responsibility through a commitment to community welfare and environmental sustainability, especially around the company. The company presents financial report information that can be compared with other reporting entities and with previous financial reports, thus facilitating internal and external comparisons.