The Effect of Good Corporate Governance and Firm Characteristics on Firm Value of Sharia and Conventional Banks in Indonesia

Soliyah Wulandari*  -  Universitas Islam Negeri Sultan Maulana Hasanuddin Banten, Indonesia
Dede Sudirja  -  Universitas Islam Negeri Sultan Maulana Hasanuddin Banten, Indonesia
Rezky Mehta Setiadi  -  Universitas Islam Negeri Sultan Maulana Hasanuddin Banten, Indonesia
Haezah Nur Shabrina  -  Universitas Islam Negeri Sultan Maulana Hasanuddin Banten, Indonesia

(*) Corresponding Author
DOI : 10.32678/ijei.v16i1.831
This research aims to empirically prove the influence of good corporate governance and company characteristics on firm value. Good corporate governance in question is the board of directors, independent commissioners, audit committee, and institutional ownership, while company characteristics are company size, profitability, and leverage.  The object of this research is Banks Listed on the Indonesian Stock Exchange. The sample period in this research is 2021 and 2022. Sample selection was carried out using the purposive sampling method. The final sample used in this research was 60 observations. The secondary data collected were financial reports from each bank. The data was processed using multiple regression model statistical tests. The results of this research show that company size and profitability influence the firm value of sharia and conventional banks listed on the Indonesia Stock Exchange. Meanwhile, the board of directors, independent commissioners, audit committee, institutional ownership, and leverage have no effect on the firm value of sharia and conventional banks listed on the Indonesia Stock Exchange.

Keywords : Investment Knowledge; Investor Behavior; Psychological Readiness; Religiosity

  1. Agustina, Dewi. 2017. Pengaruh Corporate Governance dan Variabel Keuangan Terhadap Nilai Perusahaan. Jurnal Bisnis dan Akuntansi. Vol. 19, No. 1: 13-26.
  2. Bhat, Kalim U., Yan Chen, Khalil Jebran, dan Niaz Ahmed Bhutto. 2018. Corporate governance and firm value: a comparative analysis of state and non-state owned companies in the context of Pakistan. Corporate Governance, Vol. 18, No. 6: 1196-1206.
  3. Debby, Julia Farah, Mukhtaruddin, Emylia Yuniarti, Dewa Saputra & Abukosim. 2014. Corporate Governance, Company’s Characteristics and Firm’ Value: Empirical Study of Listed Banking on Indonesian Stock Exchange. Journal of Business Review 3(4): 10.2176/2010-4804.
  4. Felicia dan Arwina Karmudiandri. 2019. Pengaruh Corporate Governance Dan Karakteristik Perusahaan Terhadap Nilai Perusahaan. Jurnal Bisnis dan Akuntansi. Vol. 21, No. 2: 195-204.
  5. Hariyanto, Marina Suzuki dan Putu Vivi Lestari. 2015. Pengaruh Struktur Kepemilikan, IOS, Dan ROE Terhadap Nilai Perusahaan Pada Perusahaan Food And Beverage. E-Jurnal Manajemen Unud. Vol. 4, No. 4: 1599-1626.
  6. Husna, Asmaul, dan Ibnu Satria. 2019. Effects of Return on Asset, Debt to Asset Ratio, Current Ratio, Firm Size, and Dividend Payout Ratio on Firm Value. International Journal of Economics and Financial Issues, Vol. 9, No. 5: 50-54.
  7. Khan, Asad, Sarfaraz Tanveer, dan Umbreen Malik. 2017. An Empirical Analysis of Corporate Governance and Firm Value: Evidence from KSE-100 Index. Accounting, 3(2), 119-130.
  8. Lusiana, Dewi dan Dewi Agustina. 2017. Faktor-Faktor yang Mempengaruhi Nilai Perusahaan Pada Perusahaan Non Keuangan. Jurnal Bisnis dan Akuntansi. Vol. 19, No. 1: 81-91.
  9. Marceline, Lilian dan Anwar Harsono. 2017. Pengaruh Good Corporate Governance, Karakteristik Perusahaan, Likuiditas, Leverage, Kebijakan Dividen, Dengan Nilai Perusahaan. Jurnal Bisnis dan Akuntansi. Vol. 19, No. 1a: 226-236.
  10. Muryati, Ni Nyoman Tri Sariri dan I Made Sadha Suardhika. 2014. Pengaruh Corporate Governance pada Nilai Perusahaan. E-Jurnal Akuntansi Universitas Udayana. Vol. 9, No. 2: 411-429.
  11. Nhan, Duong T., dan Vo Thi Quy. 2016. The Impact of Director Board’s Characteristics on Firm Value: A Study on HOSE. International Journal of Science and Research, Vol. 5, No. 2: 646-650.
  12. Ningtyas, Kilat Liliani, Suhadak, dan Nila Firdausi Nuzula. 2014. Pengaruh Good Corporate Governance Terhadap Nilai Perusahaan (Studi pada Perusahaan yang terdaftar di Jakarta Islamic Index Tahun 2010-2013). Jurnal Administrasi Bisnis (JAB), Vol. 17, No. 1-9.
  13. Novari, Putu Mikhy dan Putu Vivi Lestari. 2016. Pengaruh Ukuran Perusahaan, Leverage, dan Profitabilitas Terhadap Nilai Perusahaan pada Sektor Properti dan Real Estate. E-Jurnal Manajemen Universitas Udayana, Vol. 5, No. 9, 5671-5694.
  14. Noviana, Kezia Crusita dan Nelliyana. 2017. Faktor-Faktor yang Mempengaruhi Nilai Perusahaan Non Keuangan yang Terdaftar di BEI. Jurnal Bisnis dan Akuntansi. Vol. 19, No. 1a: 168-176.
  15. Nurhaiyani. 2018. Pengaruh Corporate Governance, Leverage, dan Faktor Lainnya Terhadap Perusahaan Nilai Perusahaan Non Keuangan. Jurnal Bisnis dan Akuntansi. Vol. 20, No. 2: 107-116.
  16. Pradipta, Arya. 2019. Manajemen Laba: Tata Kelola Perusahaan dan Aliran Kas Bebas. Jurnal Bisnis dan Akuntansi. Vol. 21, No. 2: 205-214.
  17. Prastuti, Ni Ketut Karlina, dan I Gusti Ayu Nyoman Budiasih. 2015. Pengaruh Good Corporate Governance Terhadap Nilai Perusahaan Food and Beverage. Jurnal Manajemen dan Kewirausahaan 14 (2).
  18. Raharja, Ramadhan Sukma Perdana. 2014. Analisis Pengaruh Good Corporate Governance Terhadap Nilai Perusahaan. Diponegoro Journal of Accounting. Vol. 3, No. 3:1-13.
  19. Rasyid, Abdul. 2015. Effects Of Ownership Structure, Capital Structure, Profitability And Company’s Growth Towards Firm Value. International Journal of Business and Management Invention. Vol. 4, Issue 4: 25-31.
  20. Sari, A. A Pt. Agung Mirah Purnama dan Putu Agus Ardiana. 2014. Pengaruh Board Size Terhadap Nilai Perusahaan. E-Jurnal Akuntansi Universitas Udayana. Vol. 7, No. 177-191.
  21. Sari, Dwi Putri Kartika dan Riki Sanjaya. 2018. Pengaruh Good Corporate Governance, dan Karakteristik Perusahaan Terhadap Nilai Perusahaan. Jurnal Bisnis dan Akuntansi. Vol. 20, No. 1: 21-32
  22. Sekaran, Uma dan Rouger Bougie. 2016. Research Methods for Business. United Kingdom: John Wiley & Sons Ltd.
  23. Siringoringo, Winstone F., dan Francis M. Hutabarat. 2019. Liquidity, Profitability On Firm Value: An Evidence of Transportation Company Listed at Indonesian Stock Exchange. Abstract Proceedings International Scholars Conference, Vol. 7, No. 1: 1322-1329.
  24. Sukmadijaya, Pedro dan Ignes Januar Cahyadi. 2017. Faktor-Faktor yang Mempengaruhi Nilai Perusahaan Manufaktur. Jurnal Bisnis dan Akuntansi. Vol. 19, No. 1a: 32-41.
  25. Susilowati, Yeye dan Tri Turyanto. 2011. Reaksi Signal Rasio Profitabilitas Dan Rasio Solvabilitas Terhadap Return Saham Perusahaan. Dinamika Keuangan dan Perbankan. 17-37.

ISLAMICONOMIC: Jurnal Ekonomi Islam
Published by Departement of Islamic Economics, UIN Sultan Maulana Hasanuddin Banten - Indonesia

Main Building of Faculty of Islamic Economics and Business, UIN Sultan Maulana Hasanuddin Banten, Jenderal Sudirman Street, No. 30 Serang 42188 Banten Indonesia
Phone: +62 81511475475
Website: https://journal.islamiconomic.or.id/
Email: asep.dadan@uinbanten.ac.id

ISSN: 2085-3696 (Print)
ISSN: 2541-4127 (Online)

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License

Get a feed by atom here, RRS2 here and OAI Links here

apps