Peran Human Capital Investment sebagai Variabel Mediasi pada Pengaruh GCG terhadap Kinerja Keuangan Perusahaan

Abstract

This research aims to examine the influence of GCG on company financial performance with human capital investment as a mediating variable. The dependent variable in this research is the company's financial performance. The independent variable used is Good Corporate Governance (GCG). This research also uses a mediating variable, namely human capital investment. The sample for this research consists of 43 financial sector companies listed on the Indonesia Stock Exchange in 2015-2020, so the total sample for this research is 258. The data used in this research is secondary data and the sample was taken using purposive sampling. The analytical technique used to test this research hypothesis is the Partial Least Square-Structual Equation Model (PLS-SEM) in the SamartPLS 4.0 program. The results of this research show that GCG and company financial performance have a significant and positive influence on human capital investment. This research also found that human capital investment can mediate between GCG and company financial performance. Meanwhile, GCG has a significant and positive influence on the company's financial performance.