Good Corporate Governance Variables Research Articles

Good Corporate Governance and Financial Performance: Does Leverage Matter?

This study aims to determine the effect of Good Corporate Governance on Financial Performance with Leverage as a moderating variable. The population used in this study are banking companies listed on the Indonesia Stock Exchange for the 2018-2021 period. The sampling technique used was purposive sampling and obtained as many as 23 banking companies as a sample with 92 observations. The analytical method used is multiple linear regression analysis and MRA. The results of this study partially show that in 2018-2021 the Good Corporate Governance variable did not affect Financial Performance. The results of the study show that in 2018-2021 the Good Corporate Governance variable had significant effect on Financial Performance with Leverage as a moderating variable.

Tri Hita Karana Culture Moderate: Good Corporate Governance and Morality in Fraud Prevention

The aim of this research is to determine the influence of Good Corporate Governance and Morality on Fraud Prevention in LPDs throughout Sukawati District directly or moderated by the Tri Hita Karana culture. The population in this study was LPDs in Sukawati District, totaling 33 LPDs with respondents for each LPD consisting of Leaders/Chairmen, Treasurers, Financial Administration Staff and Internal Supervisory Bodies. The sampling technique used was a saturated sampling technique where research data was collected through the results of distributing questionnaires and analyzed using the Moderated Regression Analysis (MRA) analysis technique. The research results state that Good Corporate Governance has a positive effect on Fraud Prevention. Morality has a positive effect on Fraud Prevention. Tri Hita Karana Culture is a moderating variable that strengthens the influence of the Good Corporate Governance variable on Fraud Prevention. Tri Hita Karana Culture is a moderating variable that strengthens the influence of the Morality variable on Fraud Prevention. The results of this research can provide practical contributions to interested parties, namely LPD managers and village behavior as LPD owners. LPD can increase awareness and understanding of the importance of good corporate governance and morality in preventing fraud. Training related to Tri Hita Karana cultural values ​​can also be provided to employees to strengthen commitment to ethical and responsible practices.

Influence Good Corporate Governance (GCG) And Islamic corporate social responsibility (ICSR) Against Corporate Value With Financial Performance As Variable Intervening at Bank Muamalat Indonesia

Research Aims: Knowing the influence of GCG and ICSR on company value through financial performance. Methodology: The method used in this research is quantitative research with data analysis using PLS and path analysis. Research Findings: From the results of the analysis used in this research, the results showed that the influence of the GCG variable on company value and financial performance was proven to be significant in a positive direction, the influence of the ICSR variable on company value was proven to be insignificant but in a positive direction, the influence of the ICSR variable on financial performance was proven to be significant in a negative direction. , the influence of the GCG variable on company value through financial performance is proven to be mediating and the influence of the ICSR variable on company value through financial performance is proven not to mediate. Theoretical Contribution: The grand theory used in this research includes,legitimacy theory, stakeholder theory, signaling theory and agency theoryby testing four variables consisting of independent variables, dependent variables and mediating variables. Research limitation and implication: The limitations of this research are on the subject of banks that use one bank, namely Bank Muamalat Indonesia.

The Effect of Good Corporate Governance on Company Performance with Corporate Social Responsibility as a Moderating Variable

The purpose of this study was to determine the effect of Good Corporate Governance on Company Performance with Corporate Social Responsibility as a Moderating Variable. This research is an Empirical Study of Manufacturing Companies Listed on the IDX for the 2017-2022 Period. The method used in this research is quantitative method. Empirical analysis can involve collecting company financial data, including Good Corporate Governance practices that may be measured by certain methods (such as accruals or other qualitative methods), as well as Company Performance data that can be calculated and Corporate Social Responsibility data as a Moderating Variable. After the data is collected, statistical analysis such as linear regression may be used to test the relationship between Good Corporate Governance variables on Company Performance With Corporate Social Responsibility As A Moderating Variable. The results of this study indicate that Good Corporate Governance practices have a negative effect on financial performance, Corporate Social Responsibility has a positive effect on financial performance, simultas Good Corporate Governance and Corporate Social Responsibility have a significant effect on financial performance.

Pengaruh Good Corporate Governance terhadap Tax Avoidance dengan Manajeman Laba Sebagai Variabel Intervening pada Perusahaan IDX BUMN 20 yang Terdaftar di BEI Tahun 2018-2022

This research aims to analyze and determine the influence of good corporate governance on tax avoidance with earnings management as an intervening variable. This research uses a quantitative approach and the data used is secondary data. The population in this study were 11 companies included in the idxbumn20 index published on the Indonesia Stock Exchange for the 2018-2022 period, so a sample of 55 was obtained. The data analysis technique used the Partial Least Square method with the Smart PLS 4.0 software tool. The results of the research show that the good corporate governance variable has a positive effect on earnings management, good corporate governance has a negative effect on tax avoidance, earnings management has a negative effect on tax avoidance, and finally, earnings management can mediate the significant influence of good corporate governance on tax avoidance in a negative direction.

The Influence of Good Corporate Governance, Firm Size, and Operating Capacity on Financial Distress (Study of Retail Trade Sub-Sector Companies Listed on The Indonesian Stock Exchange in 2017-2022)

Financial distress is a situation that arises when a company has an unstable financial situation. If this condition continues, it will impact the company’s bankruptcy. This research aims to determine the influence of Good Corporate Governance, Firm Size, and Operating Capacity on Financial Distress in the retail trade sub-sector listed on the Indonesia Stock Exchange in 2017-2022. The independent variables of Good Corporate Governance include the audit committee, board of commissioners, board of directors, managerial ownership, and institutional ownership. The research method uses a quantitative and associative approach. The population in this study was 27 companies with a sampling technique using purposive sampling, and 25 companies were obtained as samples, so 150 observation data were obtained. The data analysis technique in this research uses logistic regression analysis using IBM SPSS 25 software. The partial research results show that the audit committee, managerial ownership, institutional ownership, and firm size do not affect financial distress. The board of commissioners, board of directors, and operating capacity negatively affect financial distress. Simultaneously, Good Corporate Governance, Firm Size, and Operating Capacity influence financial distress. This research implies that companies must pay attention to the good corporate governance sub-variables related to the board of commissioners and board of directors because these sub-variables have been proven to influence financial distress. Apart from that, companies must also pay attention to their operating capacity because, in this research, this variable was proven to influence financial distress.

COMPANY VALUE IN KOMPAS 100 INDEX PERIOD 2017-2021: THE ROLE OF GOOD CORPORATE GOVERNANCE, CORPORATE SOCIAL RESPONSIBILITY, AND FINANCIAL PERFORMANCE

The objective of this study is to investigate the impact of Good Corporate Governance (GCG), Corporate Social Responsibility (CSR), Enterprise Risk Management (ERM), and Financial Performance on Company Value. The samples included in this study comprised of companies that were listed in the KOMPAS100 index for the period spanning from 2017 to 2021. The sampling methodology employed in this study was the use of simple random sampling, resulting in a sample size of 40 companies. The employed analytical framework is multiple linear regression analysis, enabled by the application of SPSS software. The findings of this study indicate that the variables of GCG (Good Corporate Governance), CSR (Corporate Social Responsibility), ERM (Enterprise Risk Management), and Financial Performance collectively exert a substantial and favorable impact on the value of a company. To a certain extent, the variables of GCG (Good Corporate Governance) and Financial Performance exhibit a notable and favorable influence on the valuation of a company. Conversely, the factors of CSR (Corporate Social Responsibility) and ERM (Enterprise Risk Management) do not show a statistically significant impact on the magnitude of Company Value. Thus, investors may take into account the inclusion of data pertaining to a company's Good Corporate Governance (GCG) policies and Financial Performance when making investment choices. Company management must acknowledge the significance of implementing efficacious corporate governance processes and augmenting financial performance as strategic measures to enhance the value of the organization.

PENGARUH GOOD CORPORATE GOVERNANCE DAN LEVERAGE TERHADAP PROFITABILITAS

This research aims to examine the influence of Good Corporate Governance and leverage on profitability. In this research, the Good Corporate Governance variable is measured by the board of directors, independent commissioners and audit committee, while the leverage variable is measured by the Debt to Equity Ratio (DER). This type of research is quantitative research because it uses an approach that emphasizes data analysis. The sampling technique used a purposive sampling method, namely the researcher determined the sample based on predetermined criteria and obtained a sample of 186 data from 62 companies in the basic industrial and chemical sectors listed on the Indonesia Stock Exchange (BEI) during the 2020-2022 period. The analytical methods used are descriptive statistical analysis, classical assumption testing, multiple linear regression analysis, and hypothesis testing. The research results show that the audit committee has no effect on profitability, independent commissioners have a positive and significant effect on profitability, the board of directors has a positive and significant effect on profitability, and leverage has a positive and significant effect on profitability

Pengaruh Perencanaan Pajak, Ukuran Perusahaan, Csr, Dan Gcg Terhadap Manajemen Laba

Purpose: This study aims to examine the influence of tax planning, company size, corporate social responsibility (CSR), and good corporate governance (GCG) on earnings management. Method: The study uses a sample obtained from manufacturing companies listed on the Indonesia Stock Exchange from 2018 to 2022, employing the purposive sampling method with a total sample of 38 companies and 190 annual financial reports. The method used in this research is multiple linear regression analysis to prove the influence of tax planning, company size, CSR, and GCG on earnings management. Finding: The results of this study indicate that tax planning has a positive influence on earnings management. Company size has a negative influence on earnings management. CSR has a positive influence on earnings management. GCG does not have a significant influence on earnings management. Novelty: This research is an update to the study conducted by Wardani & Santi (2018), with the addition of the GCG variable

Factors affecting the implementation of earnings management practices - case study: companies indexed in the capital market (Indonesia Stock Exchange)

The purpose of this study is to further understand what factors can affect the implementation of a Profit Management action in a company entity, especially those listed in the Capital Market of the Indonesia Stock Exchange. This research will adopt a qualitative approach with a literature review method where researchers will review and observe what factors might affect the implementation of profit management practices in companies engaged in several different types of sectors. The results will be presented using the literature study data analysis method. The results obtained by the researchers after carrying out a series of related procedures include; For manufacturing companies, profit management is not affected by financial distress in the 2016-2019 period, but financial distress actually affects profit management when entering the Covid-19 pandemic period accompanied by the influence of the accompanying Good Corporate Governance variables. In companies engaged in the infrastructure, utilities, and transportation sectors show financial distress and free cash flow have a significant effect on profit management, then in mining sector companies financial distress affects profit management but not the audit committee on profit management. Finally, in pharmaceutical companies, financial distress does not affect profit management, but variable leverage affects the implementation of profit management, and if leverage is accompanied by financial distress, it can have a significant effect on profit management.

INFLUENCE OF GOOD CORPORATE GOVERNANCE TOWARDS COMPANY VALUE WITH PROFITABILITY AS INTERVENING VARIABLE IN MANUFACTURING COMPANIES

Good corporate governance and profitability are efforts to increase company value. The company was established to increase the company value to provide prosperity for the owners or shareholders. This study aims to determine the effect of corporate governance on company value with profitability as an intervening variable in manufacturing industries in manufacturing companies. The data research is taken from the financial reports of 19 selected companies on the Indonesia Stock Exchange for 2015-2020 using quantitative research. The independent variables are proxied by institutional ownership, audit committee, managerial ownership, independent Board of Commissioners, and Board of Director. Return on equity is a proxy of the profitability as an intervening variable and Tobin's q as a dependent variable. The method of data analysis used in this research is multiple linear regression analysis using statistical software. The data results show that the independent Board of commissioners and directors significantly influences ROE. The other three variables are not significant in predicting ROE. The audit committee and independent panel of commissioners do not affect the company's value.
 On the other hand, company value is affected by institutional ownership, managerial ownership, and the Board of directors. Those five variables of good corporate governance and ROE simultaneously effectively predict company value with a 75.17% contribution. Profitability mediates the relation between good corporate governance and company value.

The importance of liquidity to improve the quality earnings of company

This research aims to examine the relationship of Profitability, Liquidity, and Investment Opportunity Set on Earnings Quality with Good Corporate Governance as its Moderating Variable from some manufacturing companies listed on the Indonesia Stock Exchange during the 2017-2021 period. The sampling technique employed in this study is purposive sampling method by observing a total of 57 manufacturing companies, so that the total samples were 285 data. The results of this study indicate that the profitability variable has no positive effect on earnings quality; the liquidity variable has a positive effect on earnings quality; and the IOS variable has no negative effect on earnings quality. In addition, the Good Corporate Governance (GCG) variable is unable to moderate the profitability variable on earnings quality. The GCG variable is also unable to moderate the liquidity variable on earnings quality. However, the GCG variable is able to moderate the IOS variable on earnings quality.

Pengaruh Corporate Environmental Performance dan Intellectual Capital terhadap Sustainability Reporting dengan Good Corporate Governance Sebagai Moderasi

The purpose of this study is to be able to react to that given by the company's environmental performance as well as intellectual capital to sustainability reporting with good corporate governance as moderation. The data used in this study comes from secondary data. Where the companies used in this study are companies that are categorized into the mining sector, other industries, consumer goods, infrastructure, utilities and transportation industries by the Indonesia Stock Exchange (IDX) during the 2017-2019 period. Sampling in this study using purposive sampling technique so that the number of companies used in this study were 42 companies. The data that has been collected is then tested using panel data regression analysis. The results obtained are based on data processing obtained by the company's environmental performance which has a significant positive effect on sustainability reporting, while intellectual capital does not have a significant positive effect on sustainability reporting. The research variables of good corporate governance do not moderate the influence of corporate environmental performance and intellectual capital on sustainability reporting.

Good Corporate Governance dan Kinerja Maqashid Syariah pada Perbankan Syariah Asia Tenggara

Islamic banking has the characteristics of an operation that uses a profit-sharing system and its main goal is to achieve Falah. This also affects the performance measurement of sharia banking which also adapts to these two characteristics. One method of measuring the performance of Islamic banking is to use the Maqashid-Based Performance Evaluation Model (MPEM) method. This study aims to prove the effect of good corporate governance variables (board of commissioners, independent commissioners, sharia supervisory board, and audit committee) on the performance of Islamic banking based on the MPEM method. This study uses secondary data obtained from 20 Islamic banks in 4 Southeast Asia countries from 2016 to 2020 observation years. The method used for data analysis is using a panel regression model with the random effect as the chosen model. This study found that the board of commissioners and the audit committee has a negative effect on the performance of Islamic banking in Southeast Asia based on maqashid syariah. The ratio of the independent commissioners and the sharia supervisory board does not affect the performance of Islamic banking in Southeast Asia based on Maqasid Syariah. This study also found a result that the average maqashid performance index of sharia banking in Southeast Asia is only around 12.7%.
 Keywords: Good Corporate Governance, Maqashid Syariah, Performance, Sharia Banks

Effect of Company Performance on GCG and Control of Operation Cost

Aims: The research aims to investigate and analyze the relationship between state equity involvement, corporate strategy, and the application of good corporate governance principles, as well as the relationship between operating cost control and firm success.
 Study Design: Research design this is Explanatory Research by doing analysis Descriptive analysis and Verification.
 Place and Duration of Study: The information utilized includes both primary data gathered through questionnaires and secondary data gathered from SEO Businesses in Indonesia receiving SEP.
 Methodology: State Equity Participation, Business Strategy, Good Corporate Governance, Operational Cost Control, and Company Performance are the Subjects of This Study. The company secretary, internal control unit, and finance department are the study's units of observation. Structural equation modeling is the research methodology employed (SEM). Research design this is Explanatory Research by doing analysis Descriptive analysis and Verification.
 Results: The findings of this study indicate that there is an influence between the variables of State Equity Participation (SEP) and Business Strategy (BS) on Good Corporate Governance (GCG). There is an influence between the variables of State Equity Participation (SEP), Business Strategy (BS), and Good Corporate Governance (GCG) on Operational Cost Control (OCC). However, there is no influence between the variables of Good Corporate Governance (GCG), Operational Cost Control (OCC), and State Equity Participation (SEP) on Company Performance (CP). But there is an influence between the variables of Business Strategy (BS) on Company Performance (CP).
 Conclusion: The investigation revealed that there is a connection between State Equity Participation (SEP) and Good Corporate Governance (GCG). The variable state equity participation (SEP) has an impact, as well, on the operational cost control (OCC). The findings of the research on the Business Strategy (BS) variable also have an impact on Good Corporate Governance (GCG). The Business Strategy Variable (BS) is also related to Operational Cost Control in a meaningful way (OCC), and there was no correlation between the components of Good Corporate Governance (GCG) and Company Performance (CP).

The Effect of Good Corporate Governance (GCG), Corporate Social Responsibility (CSR), and Capital Structure on Firm Value With Profitability As an Intervening Variable in Banking Companies

This study aims to test and analyze the effect of Good Corporate Governance (GCG), Corporate Social Responsibility (CSR), and Capital Structure on Firm Value with intervening variable Profitability. The sample used is six (6) banking companies that are included in the First Movers on Sustainable Banking category initiated by the Financial Services Authority (OJK) and the World Wide Fund for Nature (WWF-Indonesia) and meet other predetermined criteria. The analysis method uses the path analysis method. The results of this study indicate that GCG and CSR variables have a significant negative effect on profitability, while the capital structure has a significant positive effect on profitability. Another finding of this study is that GCG and profitability have an insignificant positive effect on firm value, while CSR and capital structure have a significant positive effect on firm value. In addition, this study also found that profitability cannot mediate GCG, CSR, and capital structure on firm value.Capital Structure, Corporate Social Responsibility, Firm Value, Good Corporate Governance, Profitability

Analysis of Internal Control, Good Corporate Governance and Reporting System Against Fraud

The aim of this research is that fraud is still rampant in Islamic banks, both internal and external, to obtain empirical evidence regarding the influence of internal control, good corporate governance and Violation reporting system on fraud in Islamic banks registered with the Financial Services Authority (OJK) for the 2020-2022 period. This research is quantitative in nature using secondary data in the form of annual reports of sharia banking companies for 2020-2022. The samples taken using purposive sampling were 14 companies. Data analysis uses multiple linear regression analysis with SPSS version 26 software. The research results show that the good corporate governance variable has an effect on fraud. However, the internal control variable has no effect on fraud and the Violation reporting system variable has no effect on fraud. Good corporate governance, internal control, and a violation reporting system simultaneously influence fraud. The results of this research have implications for sharia banking management to further strengthen the implementation of GCG to reduce the level of fraud in sharia banking.

PENGARUH PAJAK, PROFITABILITAS, DEBT COVENANT, DAN GOOD CORPORATE GOVERNANCE TERHADAP TRANSFER PRICING PADA PERUSAHAAN MANUFAKTUR SEKTOR ANEKA INDUSTRI YANG TERDAFTAR DI BEI TAHUN 2018-2021

This study aims to determine the effect of tax, profitability, debt covenants, and good corporate governance on transfer pricing in manufacturing companies in various industrial sectors listed on the IDX in 2018-2021. This research is a descriptive research with a quantitative approach. The type of data collected is secondary data. The total population used is all manufacturing companies in the various industrial sectors listed on the IDX for 2018-2021, totaling 55 companies with a total sample of 11 companies obtained using the purposive sampling method. The method used in this study consisted of descriptive statistical tests, classical assumption tests, multiple regression analysis, and hypothesis testing with the help of the SPSS version 23 program. The results of this study indicate that testing with the partial test (t test) shows that the variables tax, profitability, and debt covenants have no significant effect on transfer pricing. Meanwhile, the good corporate governance variable has a negative and significant effect on transfer pricing. The ANOVA test (F test) shows that the variables of tax, profitability, debt covenants, and good corporate governance have a significant influence on transfer pricing together. The independent variable explaining the effect of transfer pricing is 10.4% while the remaining 89.6% is influenced by other variables not examined in this study. Such as tunneling incentive variables, bonus mechanisms, foreign ownership, company size, leverage, and intangible assets.

The Effect of Profitability, Leverage, Corporate Social Responsibility and Firm Size on Company Value with Good Corporate Governance as a Moderating Variable in Technology Companies Listed on the Bei in 2019-2022

This study aims to obtain empirical evidence of the influence of Profitability, Leverage, Corporate Social Responsibility and Firm Size on Company Value with Good Corporate Governance as a moderating variable. The population in this study are technology sector companies listed on the IDX in 2019-2022. The sample in this study were 11 companies for 4 years, so the total sample was 44. The data analysis technique used was Moderate Regression Analysis (MRA) with a significance level of 5%. The results showed that the variable profitability and firm size had an effect on firm value, while leverage and corporate social responsibility had no effect on firm value. Good corporate governance variables can moderate profitability and firm size on firm value, but cannot moderate leverage and corporate social responsibility variables on firm value

THE EFFECT OF AUDIT QUALITY AND GOOD CORPORATE GOVERNANCE TOWARDS DIVIDEND POLICY IN PUBLIC COMPANIES IN INDONESIA

Abstract - The purpose of this study is to find the relationship between audit quality and good corporate governance (GCG) on dividend policy. Where the supervision provided by the company's independent auditors and independent board of commissioners has an impact on the returns received by investors in the form of dividends. The study was conducted using purposive sampling technique, taking 141 samples of non-financial public companies in Indonesia from the period of 2017-2019. The data were processed using the STATA program. The results of this study show evidence that the audit quality variable with the proxy of the Big 4 public accounting firm has a positive and significant effect on dividend policy. Which may be resulted from a better quality of supervision thus reducing agency conflicts. However, for the GCG variable, there is no evidence of an influence on dividend policy which may be resulted from different proxy variables.
 Keywords: Audit Quality; Good Corporate Governance; Dividend Policy; Independent Commissioner