IDEAS home Printed from https://ideas.repec.org/h/spr/advbcp/978-94-6239-626-5_7.html

Contribution Revealing the Impact of Good Corporate Governance on Firm Value: Systematic Literature

In: Proceedings of the 1st International Conference on Business, Economic, and Social Sustainability (ICOBES 2025)

Author

Listed:
  • Maruf Agung Kurniawan

    (Universitiy of Sarjanawiyata Tamansiswa, Master of Management)

  • Sri Hermuningsih

    (Universitiy of Sarjanawiyata Tamansiswa, Master of Management)

Abstract

This study aims to comprehensively examine the influence of good corporate governance (GCG) on firm valuation in the energy sector using a systematic literature review (SLR) approach. The research identifies dominant trends, key influencing factors, and practical implications for stakeholders in strengthening corporate governance practices. The analysis employs literature review and draws on 950 relevant articles collected from Google Scholar on January 20, 2024, through the Publish or Perish application using the keywords “good corporate governance” and “firm value.” The results reveal a significant increase in publications on GCG and firm value, peaking in 2023, with five main thematic clusters highlighting the interconnection between GCG, firm value, corporate growth, and stakeholder engagement. While GCG and firm value are the most studied topics, areas such as managerial ownership, independent commissioners, and audit committees remain underexplored, offering opportunities for future research. The findings indicate that effective GCG implementation positively correlates with profitability, operational efficiency, and corporate reputation, leading to higher firm valuation. This study provides essential insights for policymakers and practitioners to design stronger governance frameworks that enhance transparency, attract investment, and build public trust, thereby contributing to sustainable performance and social welfare in the energy sector.

Suggested Citation

  • Maruf Agung Kurniawan & Sri Hermuningsih, 2026. "Contribution Revealing the Impact of Good Corporate Governance on Firm Value: Systematic Literature," Advances in Economics, Business and Management Research, in: Syamsul Hadi & Riskin Hidayat & Ambar Lukitaningsih & Ong Lin Dar & Taufik Abd Hakim (ed.), Proceedings of the 1st International Conference on Business, Economic, and Social Sustainability (ICOBES 2025), pages 89-105, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6239-626-5_7
    DOI: 10.2991/978-94-6239-626-5_7
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:advbcp:978-94-6239-626-5_7. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.