FAKTOR YANG MEMPENGARUHI NILAI PERUSAHAAN DENGAN MEDIASI KINERJA PERUSAHAAN
Main Article Content
Abstract
The Purpose of this study is to determine the impact of Board Independence, Foreign Ownership, and Capital Structure on Firm Value with the Mediation of Firm Performance. This Research uses data from manufacturers company listed on the Indonesia Stock Exchange from 2018 to 2020. The sample was selected using Purposive Sampling and the results are 21 Companies. The data was processed by SmartPLS 3.3.9 application. The results of this research showed that Board Independence has a negative and significant impact on firm value, Foreign Ownership has a positive and significant impact on firm value, Capital Structure has a positive but not significant impact on firm value,Board Independence and Foreign Ownership has a positive and significant impact on Firm Performance, Capital Structure has a negative and significant impact on Firm Performance, Board Independence has a positive and significant impact on firm value with firm performance mediation, Foreign ownership has a positive and significant impact on firm value with firm performance mediation, capital structure has a negative and significant impact on firm value with firm performance mediation, and firm performance has a positive and significant impact on firm value.
Article Details
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
This work is licensed under a Jurnal Komunikasi Creative Commons Attribution-ShareAlike 4.0 International License.
References
Ahmed, A. S., & Iwasaki, T. (2021). Foreign ownership, appointment of independent directors, and firm value: Evidence from Japanese firms. Journal of International Accounting, Auditing and Taxation, 43, 100401. https://doi.org/10.1016/j.intaccaudtax.2021.100401
Fan, Y., Jiang, Y., Kao, M. F., & Liu, F. H. (2020). Board independence and firm value: A quasi-natural experiment using Taiwanese data. Journal of Empirical Finance, 57(March), 71–88. https://doi.org/10.1016/j.jempfin.2020.04.001
Fuzi, S. F. S., Halim, S. A. A., & Julizaerma, M. K. (2016). Board Independence and Firm Performance. Procedia Economics and Finance, 37(16), 460–465. https://doi.org/10.1016/s2212-5671(16)30152-6
Harlan, S. (2020). Pengaruh ROA , ROE , EPS , & PBV terhadap Stock Price dan Stock Return. 202–223.
Harms, H. (2014). Review of family business definitions: Cluster approach and implications of heterogeneous application for family business research. International Journal of Financial Studies, 2(3), 280–314. https://doi.org/10.3390/ijfs2030280
Hirdinis, M. (2019). Capital structure and firm size on firm value moderated by profitability. International Journal of Economics and Business Administration, 7(1), 174–191. https://doi.org/10.35808/ijeba/204
Khaoula, F., & Moez, D. (2019). The moderating effect of the board of directors on firm value and tax planning: Evidence from European listed firms. Borsa Istanbul Review, 19(4), 331–343. https://doi.org/10.1016/j.bir.2019.07.005
Le, T. P. V., & Phan, T. B. N. (2017). Capital structure and firm performance: Empirical evidence from a small transition country. Research in International Business and Finance, 42(July), 710–726. https://doi.org/10.1016/j.ribaf.2017.07.012
Lindemanis, M., Loze, A., & Pajuste, A. (2019). The effect of domestic to foreign ownership change on firm performance in Europe. International Review of Financial Analysis, February, 1–15. https://doi.org/10.1016/j.irfa.2019.04.004
Newsletter, I. (2021). Family-Owned Businesses _ Inc.
Nofal, M. (2020). The Effect of Foreign Ownership on Firm Performance : Evidences from Indonesia. 135(Aicmbs 2019), 237–242.
Price Waterhouse Cooper. (2014). Survey bisnis keluarga 2014. November 2014, November, 1–35. https://www.pwc.com/id/en/publications/assets/indonesia-report-family-business-survey-2014.pdf
Terry, I. (2021). Jurnal-125180443-Ivan & Malem.
Wijaya, H. (2021). FAKTOR-FAKTOR YANG MEMENGARUHI FIRM VALUE DENGAN FIRM PERFORMANCE SEBAGAI VARIABEL MEDIASI. III(3), 1255–1265.
Wiyadi, R. (2021). Jurnal-125180435-Rinaldy & Yanti.