Good Corporate Governance and Financial Performance: Does Leverage Matter?
Authors
Kholilah Kholilah , Ramadhina Nur SolikhahDOI:
10.25047/asersi.v4i1.5005Published:
30-07-2024Issue:
Vol. 4 No. 1 (2024): JulyKeywords:
financial performance, good corporate governance, leverageArtikel
Downloads
How to Cite
Downloads
Metrics
Abstract
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.
References
Adnan Ray, A., & Jasman, J. (2020). Pengaruh Good Corporate Governance Terhadap Kinerja Keuangan Perusahaan (Studi Pada Perusahaan Perbankan yang terdaftar di Bursa Efek Indonesia Tahun 2017-2020)
Ahmad, G., Rizal Lullah, & M. Edo S. Siregar. (2020). Pengaruh Keputusan Investasi, Keputusan Pendanaan, Kebijakan Dividen, Dan Ukuran Dewan Komisaris Terhadap Nilai Perusahaan Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Periode 2016-2018. JRMSI-Jurnal Riset Manajemen Sains Indonesia, 11(1), 169–184. https://doi.org/10.21009/jrmsi.011.1.09
Atma, H., Noch, M. Y., Hamdani, Rumasukun, M. R., Rasyid, A., & Nasution, M. D. (2018). Manajemen Keuangan. Medan : Madenatera
Azmy, A., Anggreini, D. R., & Hamim, M. (2019). Effect Of Good Corporate Governance On Company Profitability RE & Property Sector In Indonesia. Jurnal Akuntansi, 23(1). https://doi.org/https://doi.org/10.24912/ja.v23i1.457
Carolina, C., Vernnita, V., & Christiawan, Y. J. (2020). Pengaruh Ukuran Dewan Direksi terhadap Nilai Perusahaan Dengan Ukuran Perusahaan sebagai Moderating Variabel. Jurnal Riset Akuntansi dan Perbankan, 14(2), 351–362
Claudia, N. C. (2021). Analisis Pengaruh Pengumuman Kasus Pertama WNI Positif COVID-19 terhadap Harga Saham Subsektor Farmasi. Jurnal Ilmiah Mahasiswa FEB, 9(2), 5–24
Dahlan, D. (2019). Pengaruh Penerapan Prinsip Good Corporate Governance (GCG) Terhadap Peningkatan Kualitas Pelayanan di PT Bank BTPN Tbk Cabang Padang. Jurnal Sosial Keagamaan, 2. https://doi.org/http://dx.doi.org/10.31958/jsk.v2i2.1442
Eksandy, A. (2018). Pengaruh Good Corporate Governance terhadap Kinerja Keuangan pada Perbankan Syari’ah Indonesia. Jurnal Akuntansi, 5(1). https://doi.org/https://doi.org/10.30656/jak.v5i1.498
Fapila, A. (2023). Pengaruh Manajemen Laba, Karakteristik Dewan Komisaris, Komite Audit dan Media Exposure terhadap Pengungkapan Corporate Social Responsibility (CSR) (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia ( BEI ) Tahun 2018. Diponegoro Journal of Accounting, 12(1), 1–13
Hery. (2018). Analisis Laporan Keuangan. Jakarta: PT. Grasindo
Irawati, N., Sadalia, I., Maksum, A., & Muda, I. (2019). Financial Performance Of Indonesian’s Banking Industry The Role Of Good Corporate Governance, Capital Adequacy Ratio, Non Performing Loan And Size. International Journal of Scientific Technology Research, 8(4). chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://www.ijstr.org/final-print/apr2019/Financial-Performance-Of-Indonesians-Banking-Industry-The-Role-Of-Good-Corporate-Governance-Capital-Adequacy-Ratio-Non-Performing-Loan-And-Size.pdf
Khaoula, F. and M. D. (2019). The Moderating Effect of The Board of Directors on Firm Value and Tax Planning: Evidence from European Listed Firms. Borsa Istanbul Review, 19(4). http://www.journals.elsevier.com/borsa-istanbul-review/
Livia, N. Z., Mawar, R. K, & Umi, N. (2022). Analisis Rasio Likuiditas, Solvabilitas, Dan Profitabilitas Untuk Menilai Kinerja Keuangan Pada Pt. Ace Hardware Indonesia Tbk Tahun 2016-2020. GEMILANG: Jurnal Manajemen Dan Akuntansi, 2(4), 154–163. https://doi.org/10.56910/gemilang.v2i4.178
Muda, I. (2018). The Analysis of Effects of Good Corporate Governance on Earnings Management in Indonesia with Panel Data Approach. Iranian Economic Review, 22(2). https://doi.org/10.22059/IER.2018.66169
Musyafa, K. A., & Kholilah, K. (2023). Cash Holding, Financial Leverage, Profitability, Firm Size, Income Smoothing: Moderating Managerial Ownership. E-Jurnal Akuntansi, 33(4), 1085. https://doi.org/10.24843/eja.2023.v33.i04.p15
Novitasari, I., Endiana, I. D. M., & Arizona, P. E. (2020). Pengaruh Mekanisme Good Corporate Governance terhadap Kinerja Keuangan Perusahaan Perbankan yang Terdaftar di BEI. Kumpulan Hasil Riset Mahsiswa Akuntansi (KHARISMA), 2(Vol. 2 No. 1 https://e-journal.unmas.ac.id/index.php/kharisma/article/view/732/672
Purba, R., Hasibuan, R., & Syam, P. A. (2021). Analisis Rasio Keuangan Untuk Mengukur Kinerja Keuangan Pada PT. Pelabuhan Indonesia I (Persero) Periode 2013-2017. Owner, 5(2), 545–555. https://doi.org/10.33395/owner.v5i2.452
Shalini, W., Christianty, R., & Pattinaja, E. M. (2022). Pengaruh Manajemen Modal Kerja, Likuiditas dan Leverage Terhadap Profitabilitas pada Perusahaan Consumer Goods di Bursa Efek Indonesia periode 2017-2020. Owner : Riset & Jurnal Akuntansi, 6(2). https://doi.org/https://doi.org/10.33395/owner.v6i2.823
Sholihah, U. (2021). Analisis Pengaruh Good Corporate Govarnance dan Corporate Social Responsibility terhadap Kinerja Keuangan. Jurnal Ilmu dan Riset Akuntansi, 10(5), 1–10.
Sugiyarti, L., & Sutandijo. (2022). Relevansi Good Corporate Governance, Struktur Kepemilikan, terhadap Kinerja Keuangan. Jurnal Manajemen Dan Bisnis, 1(1). http://jurnalprisanicendekia.com/index.php/portofolio/article/view/14/21
Widianingsih, D. (2018). Kepemilikan Manajerial, Kepemilikan Institusional, Komisaris Independen, serta Komite Audit pada Nilai Perusahaan dengan Pengungkapan CSR sebagai Variabel Moderating dan Firm Size sebagai Variabel Kontrol. Jurnal Akuntansi Dan Pajak, 19(1), 38. https://doi.org/10.29040/jap.v19i1.196
Winarno, S. H. (2017). Penilaian Kinerja Keuangan Perusahaan Melalui Analisis Rasio Profitabilitas. Jurnal Moneter, 6(2), 106–112. https://ejournal.bsi.ac.id/ejurnal/index.php/moneter/article/viewFile/2237/1687
Zona, N. A., Elfiswandi, & Darma, R. (2020). Intellectual Capital, Capital Diclosure, Good Corporate Governance Terhadap Kinerja Keuangan Melalui Leverage sebagai Variabel Moderasi. Journal of Business and Economics (JBE) UPI YPTK (Vol. 5, Issue 1, pp. 40–45). https://doi.org/10.35134/jbeupiyptk.v5i1.108
Author Biography
Kholilah Kholilah, UIN Maulana Malik Ibrahim Malang
License
Copyright (c) 2024 Kholilah Kholilah, Ramadhina Nur Solikhah
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
You are free to:
- Share — copy and redistribute the material in any medium or format.
- Adapt — remix, transform, and build upon the material for any purpose, even commercially.
Under the following terms:
- Attribution — You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
- ShareAlike — If you remix, transform, or build upon the material, you must distribute your contributions under the same license as the original.
- No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.
Notes
Notes
Marking guide
More info
Notes
More info.