TRANSPARENCY LEVEL OF GOOD CORPORATE GOVERNANCE AND BOARD CROSS-DIRECTORSHIP ON COMPANY VALUE

BISMA: Jurnal Bisnis dan Manajemen Pub Date : 2022-03-31 DOI:10.19184/bisma.v16i1.29346

Chairil Afandy, Intan Zoraya, P. Kananlua, Akram Harmoni Wiardi

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Abstract

The implementation of good corporate governance practices aims to optimize the allocation of company resources to achieve the growth and welfare of company owners. In the long term, effective corporate governance can improve company performance, which benefits the shareholders and public. This research focuses on manufacturing companies listed on the Indonesia Stock Exchange from 2018 to 2019. The level of transparency of good corporate governance and cross-directorship on company value were examined. This study used historical data, and multiple regression analysis was operated to analyze the data. The results concluded that corporate governance transparency has a significant effect on company value with corporate governance practices (in accordance with KNKCG), which can help managers describe their level of transparency in implementing good corporate governance. The cross-directorships board also has an impact on company value. This role is beneficial for obtaining necessary information and resources, considering that limited resources can create competitive advantages. Keywords: company value, cross-directorship, good corporate governance, transparency

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良好的公司管治和董事会跨董事对公司价值的透明度

实施良好的企业管治，旨在优化公司资源的配置，以实现公司业主的成长和福利。从长远来看，有效的公司治理可以提高公司绩效，有利于股东和公众。本研究的重点是2018年至2019年在印度尼西亚证券交易所上市的制造业公司。考察了良好公司治理和跨董事对公司价值的透明度水平。本研究采用历史数据，采用多元回归分析对数据进行分析。研究结果表明，公司治理透明度对公司价值有显著影响(根据KNKCG)，这可以帮助管理者描述他们在实施良好公司治理方面的透明度水平。跨董事会对公司价值也有影响。这个角色有利于获得必要的信息和资源，因为有限的资源可以创造竞争优势。关键词:公司价值，交叉董事，良好的公司治理，透明度

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BISMA: Jurnal Bisnis dan Manajemen

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