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Pengaruh Good Corporate Governance (GCG) dan Struktur Modal Terhadap Nilai Perusahaan dengan kinerja Keuangan Sebagai Variabel Mediasi (Studi Pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia)
[Analysis The Influence of Good Corporate Governance and Capital Structure to Firm Value With Financial Performance as Intervening Variable (Study at Manufacturing Companies that Listed at Indonesia Stock Exchange)]

Author

Listed:
  • Harefa, Meilinda Stefani

Abstract

The purpose of this study was to find out the influence of good corporate governance (GCG) and capital structure on the firm value with financial performance as intervening variable. The population was 132 manufacture companies listed in BEI (Indonesia Stock Exchange) in the period of 2008- 2012, and 100 of them were used as the samples, taken by using purposive sampling technique. The variables used in the research were the firm value as dependent variable, good corporate governance and capital struture as independent variable and financial performance as intervening variable. The research used linear analysis with an SPSS software program to determine the significant influence of independent variable on dependent variable directly and indirectly. The result of the research in direct influence test showed that good corporate governance had positive influence but insignificant either on financial performance or on the value of a company, while capital structure had positive and significant influence on financial performance and the value of a company. It was also found that mediation was significant in financial performance in the correlation between capital structure and the value of a company, but there was no significant mediation for the correlation between good corporate governance and the value of a company.

Suggested Citation

  • Harefa, Meilinda Stefani, 2015. "Pengaruh Good Corporate Governance (GCG) dan Struktur Modal Terhadap Nilai Perusahaan dengan kinerja Keuangan Sebagai Variabel Mediasi (Studi Pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek In," MPRA Paper 77038, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:77038
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    More about this item

    Keywords

    Good Corporate Governance; Capital Structure; Financial Performance; Firm Value;
    All these keywords.

    JEL classification:

    • G1 - Financial Economics - - General Financial Markets
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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