Journal of Social And Economics Research
Vol 4 No 2 (2022): JSER, December 2022

DIRECT AND INDIRECT EFFECT OF FIRM SIZE AND FINANCIAL PERFORMANCE ON VALUE OF THE FIRM WITH GCG AS INTERVENING VARIABLE IN BUMN

Novi Yanti (Management Program, Faculty of Economics, Ekasakti University)
Danyl Mallisza (Diploma III Program, Informatics Management, Faculty of Economics, Ekasakti University)
Ivonne Ayesha (Agribusiness Program, Faculty of Science and Technology, Muhammadiyah University Bandung)



Article Info

Publish Date
07 Jan 2023

Abstract

The purpose of this study was to determine the effect of firm size and financial performance through GCG on value of the firm both directly and indirectly. This research was conducted at state-owned companies listed on the Indonesia Stock Exchange from 2012-2017. The population used in this study is the financial statements of BUMN companies listed on the Indonesia Stock Exchange (IDX) for the period 2012-2017. The number of BUMN companies listed on the Indonesia Stock Exchange is 20 companies. So the total population in this study is 120 BUMN financial statements for 6 years. The number of companies sampled in this study were 14 companies during the study period, from 2012-2017 using the purposive sampling method. The analytical method used is path analysis, coefficient of determination and hypothesis testing. The results of hypothesis testing and path analysis show that firm size has a positive and significant effect on corporate governance and negative effect on value of the firm partially. Financial performance has a positive and not significant effect on GCG but has a significant effect on value of the firm. While GCG does not affect the value of the company either directly or indirectly.

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Journal Info

Abbrev

JSER

Publisher

Subject

Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Social Sciences

Description

Journal of Social and Economics Research (JSER) is a peer-reviewed journal that focuses on critical studies of social and economic research. Investigated the dynamics of teaching and learning of social education, and social and economic problems in society at the primary, senior, and high education ...