文章基本信息

标题：FIRM VALUE, CORPORATE GOVERNANCE INDEX, AND CAPITAL STRUCTURE
其他标题：NILAI PERUSAHAAN, INDEKS TATA KELOLA PERUSAHAAN DAN STRUKTUR MODAL
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作者：Fitri Wahyuni ; Fitri Wahyuni
期刊名称：Jurnal Ilmiah Akuntansi dan Bisnis
印刷版ISSN：2303-1018
出版年度：2018
卷号：13
期号：2
页码：151-160
DOI：10.24843/JIAB.2018.v13.i02.p08
语种：English
出版社：Universitas Udayana
摘要：This study aims to test the capital structure as a moderating variable of the relationship between corporate governance index and firm value. The study investigateswhether the company put a concern on corporate stakeholders through the disclosure of corporate governance index and whetherthey have intention in reduce conflicts within the company, such as agency conflict and information asymmetry. The corporate governance index was developed by Forum for Corporate Governance in Indonesia (FCGI) and Price Waterhouse Coopers (PWC) while the value of companies in this study calculated using Tobin’Q and capital structure was calculated using debt to equity ratio (DER). The result shows that capital structure moderates the relationship between corporate governance index and firm value with negative direction. The results show that the company has concern for shareholders, andwilling to reduce the conflicts within the company. In addition, when the firm discloses the capital structure, the shareholders find it is insecure to invest in the company.
其他摘要：Penelitian ini bertujuan untuk menguji struktur modal sebagai variabel pemoderasi hubungan antara indeks tata kelola perusahaan dengan nilai perusahaan. Peneliti ingin melihat apakah perusahaan memiliki kepedulian terhadap pemegang kepentingan perusahaan
关键词：Corporate governance index; capital structure; firm value
其他关键词：Indeks tata kelola perusahaan; struktur modal; nilai perusahaan