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Sustainable Company Values Through Corporate Governance And Profitability

Author

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  • Ema SULISNANINGRUM

    (Institute of Economic Science of Java Negara Malang)

Abstract

This research explores the direct influence of corporate governance and profitability for capital structure in the company values. This research uses purposive sampling which involves 99 manufacture companies under the written stock exchange in Indonesia 2013-2015. The proxy of corporate government with CEO duality, broad size, audit committee, broad composition, institutional ownership. The data is gathered by using nonparticipant then analyzed by path analysis. Audit committee as the proxy of corporate governance shows negative result while broad composition shows positive result to capital structure. The CEO duality, broad size, and institutional ownership shows less significant. The further result shows that corporate government does not give significant influence to company values, while the direct influence of profitability is indeed does not give significant effect to capital structure but it gives significant effect to company values. This research contributes to economics especially in capital structure in order to have decision taking of stock stakeholders.

Suggested Citation

  • Ema SULISNANINGRUM, 2018. "Sustainable Company Values Through Corporate Governance And Profitability," JOURNAL OF LIFE ECONOMICS, Holistence Publications, vol. 5(1), pages 25-42, January.
    • Handle: RePEc:jle:journl:v:5:y:2018:i:1:p:25-42
    DOI: 10.15637/jlecon.238
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    Cited by:

    1. Glen Gauci & Simon Grima, 2020. "The Impact of Regulatory Pressures on Governance on the Performance of Public Banks’ with a European Mediterranean Region Connection," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 360-387.

    More about this item

    Keywords

    Corporate Government; Profitability; Capital Structure and Stock Exchange;
    All these keywords.

    JEL classification:

    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government

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