AKUNTABILITAS: Jurnal Penelitian dan Pengembangan Akuntansi
Vol 15, No 1 (2021): AKUNTABILITAS

DOES GOOD CORPORATE GOVERNANCE AND ECO–EFFICIENCY REALLY CONTRIBUTE TO FIRM VALUE? AN EMPIRICAL STUDY IN INDONESIAN STATE-OWNED ENTERPRISES (SOES)

Vera Apri Dina Safitri (Universitas Teknokrat Indonesia)
Dhiona Ayu Nani (Universitas Teknokrat Indonesia)



Article Info

Publish Date
24 Jun 2021

Abstract

This study examined the relationship between good corporate governance (GCG) and eco-efficiency on firm performance and firm value. Good corporate governance were proxied by GCG score, board meeting, and board independent. Eco-efficiency was proxied by the ownership of the environmental management certificate ISO 14001. Firm value was proxied by Tobins’Q value owned the company. Firm’s financial performance was proxied by Return on Assets (ROA) value. This research was motivated by an empirical gap, which there are companies that have corporate governance issues but still have a positive response by the market as indicated by an increasing share price. In addition, there are still differences results from previous studies. The results of this study indicate that eco-efficiency which proxied by the ownership of an ISO 14001 environmental management certificate has a positive and significant relationship with firm’s financial performance (ROA), where ROA has a positive and significant relationship to firm value. However, eco-efficiency does not have a direct relationship with firm value. Meanwhile, good corporate governance has no relationship with firm’s financial performance and firm value. 

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Journal Info

Abbrev

ja

Publisher

Subject

Economics, Econometrics & Finance Social Sciences

Description

Jurnal Akuntabilitas (JA) is intended to bet he journal for publishing article reporting the results of research on accounting. JA invites manuscripts in the areas: 1. Financial Accounting 2. Management Accounting 3. Public Sector Accounting 4. Sharia Accounting 5. Taxation 6. Audit 7. Accounting ...