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The Effect Of Good Corporate Governance On Company Value With Financial Performance As An Intervening Variable For Subsector Metal And Mineral Companies Listed On Indonesian Stock Exchange Period 2016-2021

Hasanuddin Journal of Applied Business and Entrepreneurship · Vol. 6 No. 2 (2023) · pp. 45–62

ISSN
2598-0890, 2598-0882
Published
2023-05-27
Publisher
Master of Management, Faculty of Economics and Business, Hasanuddin University.
Language
en

Abstract

This study aims to determine the effect of good corporate governance on firm value with financial performance as an intervention variable in metal and mineral mining sub-sector companies listed on the Indonesian stock exchange in 2016-2021. The population in this study are companies listed as metal and mineral mining sub-sector companies. This research was conducted by retrieving the company's financial data information that has been published by the company or the Indonesia Stock Exchange on its website with a quantitative method. The sample of this study used a purposive sampling method where the sampled companies had to meet complete data requirements from 2016 to 2021. In analyzing the research data using the SPSS version 25 application. The results of the study found that the influence of institutional ownership, managerial ownership, independent commissioners and returns on equity has a significant effect on firm value. Meanwhile, financial performance as an intervening variable cannot influence institutional ownership, managerial ownership, independent commissioners and audit committees on price-to-book value.

Keywords

Collaboration network of the authors

20 authors · 30 co-authorship links

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Co-authorOrganisationJoint articles
Cepi PahleviAffiliation unknown2
M SobarsyahAffiliation unknown1
Mutmainnah MuslimAffiliation unknown1
Andi Kabila T SoseAffiliation unknown1
Rakhman LabaAffiliation unknown1
Andi Ratna Sari DewiAffiliation unknown1
Teguh PernandaAffiliation unknown1
HasdianaAffiliation unknown1
Ria MardianaAffiliation unknown1
SITI HAMIDAHAffiliation unknown1
Erlina PakkiAffiliation unknown1
Riska Prayoga YogaAffiliation unknown1
Dian ParawansaAffiliation unknown1
Rezaldy Giffary P. Ilham EcaAffiliation unknown1
Andi Fhatimasari AnsarAffiliation unknown1
Andi Rakhman LabaAffiliation unknown1
Fakhryadi AmranAffiliation unknown1

Affiliations come from OpenAlex; journal OAI-PMH metadata carries none. Authors without an OpenAlex ID are matched by name, which can merge or split people.

Metadata source: OAI-PMH (metadata jurnal) https://journal.unhas.ac.id/index.php/hjabe/oai, first harvested 2 Nov 2026, last seen 2 Nov 2026.
Original metadata (oai_dc) 
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	<dc:title xml:lang="en">The Effect Of Good Corporate Governance On Company Value With Financial Performance As An Intervening Variable For Subsector Metal And Mineral Companies Listed On Indonesian Stock Exchange Period 2016-2021</dc:title>
	<dc:creator xml:lang="en">Pratama, Hamka Yudha</dc:creator>
	<dc:creator xml:lang="en">Aswan, Andi</dc:creator>
	<dc:creator xml:lang="en">Sari Dewi , Andi Ratna</dc:creator>
	<dc:subject xml:lang="en">corporate governance</dc:subject>
	<dc:subject xml:lang="en">firm value</dc:subject>
	<dc:subject xml:lang="en">financial performance</dc:subject>
	<dc:description xml:lang="en">This study aims to determine the effect of good corporate governance on firm value with financial performance as an intervention variable in metal and mineral mining sub-sector companies listed on the Indonesian stock exchange in 2016-2021. The population in this study are companies listed as metal and mineral mining sub-sector companies. This research was conducted by retrieving the company's financial data information that has been published by the company or the Indonesia Stock Exchange on its website with a quantitative method. The sample of this study used a purposive sampling method where the sampled companies had to meet complete data requirements from 2016 to 2021. In analyzing the research data using the SPSS version 25 application. The results of the study found that the influence of institutional ownership, managerial ownership, independent commissioners and returns on equity has a significant effect on firm value. Meanwhile, financial performance as an intervening variable cannot influence institutional ownership, managerial ownership, independent commissioners and audit committees on price-to-book value.</dc:description>
	<dc:publisher xml:lang="en">Master of Management, Faculty of Economics and Business, Hasanuddin University.</dc:publisher>
	<dc:date>2023-05-27</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
	<dc:type>info:eu-repo/semantics/publishedVersion</dc:type>
	<dc:type xml:lang="en">Peer-reviewed Article</dc:type>
	<dc:format>application/vnd.openxmlformats-officedocument.wordprocessingml.document</dc:format>
	<dc:identifier>https://journal.unhas.ac.id/index.php/hjabe/article/view/26745</dc:identifier>
	<dc:source xml:lang="en">Hasanuddin Journal of Applied Business and Entrepreneurship; Vol. 6 No. 2 (2023): Hasanuddin Journal of Applied Business and Entrepreneurship; 45-62</dc:source>
	<dc:source>2598-0890</dc:source>
	<dc:source>2598-0882</dc:source>
	<dc:language>en</dc:language>
	<dc:relation>https://journal.unhas.ac.id/index.php/hjabe/article/view/26745/9775</dc:relation>
	<dc:rights xml:lang="en">Copyright (c) 2023 Hasanuddin Journal of Applied Business and Entrepreneurship</dc:rights>
</oai_dc:dc>