The Influence of Diversification and Corporate Governance Implementation on Company Value with Company Size as a Moderation Model in Manufacturing Companies Listed on the Stock Exchange from 2020 to 2022
DOI:
https://doi.org/10.58344/jws.v3i2.547Keywords:
Company Value, Diversification, Corporate Governance, Board of Commissioners, Audit CommitteeAbstract
This study aims to analyze the influence of diversification and corporate governance implementation on firm value, with firm size as a moderating variable, in manufacturing companies listed on the Indonesia Stock Exchange during the period 2020-2022. The research method employed is causal research. The population of the study comprises 193 manufacturing companies listed on the Indonesia Stock Exchange, with classical assumption tests and hypothesis testing used as analytical techniques. The results of the analysis indicate that diversification does not have a significant influence on firm value. However, the independence of the board of commissioners and the competence of the audit committee significantly affect firm value. Additionally, firm size serves as a significant moderating variable in influencing the relationship between the independence of the board of commissioners, competence of the audit committee, and firm value. The implications of these findings are to provide valuable insights for practitioners and academics in understanding the factors influencing firm value in the Indonesian capital market. This underscores the importance of effective corporate governance implementation, particularly through enhancing the independence of the board of commissioners and the competence of the audit committee, as well as a better understanding of how firm size can moderate the relationship between these factors and firm value.
References
Angela, N. (2015). Analisis Pengaruh Profitabilitas, Ukuran Perusahaan, dan Rapat Dewan Komisaris terhadap Luas Pengungkapan Laporan Keberlanjutan Serta Dampaknya Terhadap Nilai Perusahaan yang Terdaftar di BEI. Unika Atma Jaya.
Arie Susandya, A. A. P. G. B. A. P. G. B., & Suryandari, N. N. A. (2021). Dinamika Karakteristik Komite Audit Pada Audit Report Lag. Media Riset Akuntansi, Auditing & Informasi, 21(2), 175–190. https://doi.org/10.25105/mraai.v21i2.9048
Dewi, E. R., Rozak, D. A., & Usmar, D. (2020). Pengaruh Audit Tenure dan Struktur Corporate Governance terhadap Integritas Laporan Keuangan. Akuntapedia, 1(1).
Fathonah, A. N. (2018). Pengaruh gender diversity dan age diversity terhadap kinerja keuangan. Jurnal Riset Akuntansi Dan Keuangan, 6(3), 373–380.
Fitrianingsih, D., & Asfaro, S. (2022). Pengaruh Good Corporate Governance Terhadap Kinerja Keuangan Perusahaan Perbankan Di Bursa Efek Indonesia. Jurnal Revenue: Jurnal Ilmiah Akuntansi, 3(1), 21–30.
Ghozali, I. (2016). Aplikasi Analisis Multivariete Dengan Program IBM SPSS 23 (Edisi 8). Badan Penerbit Universitas Diponegoro.
Hutagaol, M. C. (2021). Pengaruh Strategi Diversifikasi?: Jumlah Anak Perusahaan dan Tipe Keterkaitan Terhadap Kinerja Perusahaan dengan Dewan Direksi sebagai Variabel Moderasi. Universitas Katolik Indonesia Atma Jaya.
Natalie, P. B. (2020). Analisis Pengaruh Diversifikasi Bisnis Terhadap Kinerja Perusahaan. Universitas Katolik Indonesia Atma Jaya.
Nauli, C. (2021). Pengaruh Pengungkapan CSR, Enterprise Risk Management, dan Komite Audit Terhadap Nilai Perusahaan Dengan Manajemen Laba sebagai Variabel Mediasi. Universitas Katolik Indonesia Atma Jaya.
Ningrum, D. P. W. (2015). Analisis Audit Report Lag Ditinjau Dari Afiliasi Kantor Akuntan Publik, Opini Audit dan Jumlah Komite Audit. UAJY.
Ningrum, R. (2022). Pengaruh Perencanaan Pajak, Mekanisme Corporate Governance, Dan Growth Opportunity Terhadap Nilai Perusahaan (Studi Empiris Pada Perusahaan Manufaktur Yang Terdaftar di BEI Dari Tahun 2015 Sampai Dengan 2017). Universitas Mercu Buana.
Nurahma, S. (2021). Pengaruh Keputusan Pendanaan, Ukuran Dewan Komisaris, Ukuran Perusahaan, dan Return On Asset Terhadap Nilai Perusahaan (Studi Empiris pada Perusahaan LQ 45 yang Terdaftar di Bursa Efek Indonesia Periode 2015-2019). Universitas Mercu Buana.
Nurahma, S., & Budiharjo, R. (2022). Pengaruh keputusan pendanaan, ukuran perusahaan, ukuran dewan komisaris, dan return on asset terhadap nilai perusahaan. Jurnal Riset Manajemen Dan Bisnis, 7(1), 35–48.
Putra, I. G. (2020). Pengaruh Strategi Diversifikasi Terhadap Kinerja Keuangan dengan Latar Belakang Pendidikan CEO sebagai Variabel Moderasi pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Periode 2017 – 2018. Universitas Katolik Indonesia Atma Jaya.
Siahaan, S. B. (2017). Pengaruh Good Corporate Governance dan Kualitas Kantor Akuntan Publik Terhadap Integritas Laporan Keuangan Studi Kasus Pada Perusahan Manufaktur Yang Terdaftar di Bursa Efek Indonesia. Methosika: Jurnal Akuntansi Dan Keuangan Methodist, 1(1), 81–95.
Sucuahi, W., & Cambarihan, J. M. (2016). Influence of profitability to the firm value of diversified companies in the Philippines. Accounting and Finance Research, 5(2), 149–153.
Sumana, V. (2020). Analisis Pengaruh Strategi Diversifikasi terhadap Nilai Perusahaan dengan Kepemilikan Keluarga sebagai Moderasi. Universitas Katolik Indonesia Atma Jaya.
Suryani, T. (2017). Manajemen pemasaran strategik bank di era global. Prenada Media.
Utami, F. A. (2021). Apa Itu Diversifikasi? Warta Ekonomi.
Wibowo, E. (2010). Implementasi good corporate governance di Indonesia. Jurnal Ekonomi Dan Kewirausahaan, 10(2).
Wijoyo, E. S. (2021). Pengaruh Good Corporate Governance dan Diversifikasi Industri Terhadap Manajemen Laba Pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia. Universitas Katolik Indonesia Atma Jaya.
Winarso, W. (2014). Analisa Biaya Klaim Nasabah terhadap Laba Perusahaan Asuransi (Studi Kasus pada PT. Prudential Life Assurance). Moneter-Jurnal Akuntansi Dan Keuangan, 1(1).
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Journal of World Science
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-ShareAlike 4.0 International. that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.
