Financial performance moderates the effect of GCG on the firm value
Bali State Polytechnic, Indonesia.
Research Article
World Journal of Advanced Research and Reviews, 2023, 18(02), 877–881
Article DOI: 10.30574/wjarr.2023.18.2.0903
Publication history:
Received on 07 April 2023; revised on 14 May 2023; accepted on 17 May 2023
Abstract:
The purpose of this study is to examine and analyze the effect of GCG on firm value and financial performance as moderating variables. In this study, the GCG variable is proxied by managerial ownership. The financial performance variable is proxied by ROA. The object of research used was a mining company listed on the Indonesia Stock Exchange for the period 2019-2021. This study uses a purposive sampling technique in determining the research sample. Obtained 22 companies as research samples in accordance with predetermined sample criteria. The analytical method used is Moderated Regression Analysis (MRA). The results of this GCG study have no significant effect on firm value, financial performance is not able to moderate the relationship between GCG and firm value.
Keywords:
GCG; Firm Value; Financial Performance; Mining Company
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