This study aims to examine and provide empirical evidence of the impact of good corporate governance and sustainability report disclosure on firm value with earning management as an intervening variable. The firm value measured by price to book value, good corporate governance measured by meeting frequency of audit committee and percentage of the independent commissioner on board, sustainability report disclosure measured by the number of items disclosed divided by the items regulated in the GRI, earning management measured by discretionary accruals. The sampling technique is purposive sampling. The number of samples used in this study is 42 companies listed on the Indonesia Stock Exchange in 2018-2019. The data are analyzed using path analysis. The results showed that the audit committee has a significant influence on earning management. Sustainability report disclosure and the independent commissioner have no significance to the earning management. Sustainability report disclosure and the independent commissioner have a significant influence on firm value. Audit committee and earning management have no significant influence on firm value. Earnings management does not mediate the relationship between audit committee, independent commissioners, and sustainability report disclosure on firm value.DOI: https://doi.org/10.26905/afr.v3i2.5195
This study aims to analyze the effect of company size, business risk, profitability, liquidity, and asset structure on debt policy in automotive industry companies listed on the Indonesia Stock Exchange for the 2018-2020 period. Of the 13 issuers, a sample of 9 issuers was taken. This research method uses a quantitative approach and multiple linear regression data analysis using the SPSS version 21 program. Hypothesis testing uses the t test (partial) and the f test (simultaneous). The results of this study indicate that individually or partially the variables of firm size, profitability, and asset structure have an effect on debt policy, while business risk and liquidity variables have no significant effect on debt policy in industrial companies in the automotive sector. Company size, business risk, profitability, liquidity, and asset structure affect the debt policy of industrial companies in the automotive sector.
Penelitian ini bertujuan untuk mengkaji tentang pengaruh good corporate governance melalui pengungkapan corporate social responsibility terhadap harga saham yang berfokus pada perusahaan BUMN (Badan Usaha Milik Negara) karena BUMN (Badan Usaha Milik Negara) merupakan perusahaan milik pemerintah yang telah memiliki aturan dalam UU untuk menerapkan good corporate governance dan melaksanakan corporate social responsibility, sehingga penelitian ini memasukkan proksi dewan pemerintah didalam elemen good corporate governance. Penelitian ini merupakan penelitian kuantitatif dengan menggunakan data sekunder. Pengambilan sampel dalam penelitian ini menggunakan teknik purposive sampling dengan perusahaan yang menjadi sampel penelitian berjumlah 11 perusahaan BUMN (Badan Usaha Milik Negara) selama tahun pengamatan 2015 - 2018. Metode analisis menggunakan path analysis. Hasil penelitian menunjukkan bahwa Dewan komisaris independen tidak berpengaruh terhadap Nilai Perusahaan, Dewan Komisaris Independen di perusahaan BUMN (Badan Usaha Milik Negara) tidak memiliki pengaruh terhadap harga saham melalui pengungkapan Corporate Social Responsibility, sedangkan pengujian yang lain menunjukkan pengaruh positif Kepemilikan pemerintah, Kepemilikan manajerial, Komite audit melalui pengungkapan Corporate Social Responsibility terhadap harga saham
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.