The Effect of Diversification and Funding Decisions on Company Performance and Corporate Value with Good Corporate Governance (GCG) as Moderated Variable

INTERNATIONAL JOURNAL OF ECONOMICS, BUSINESS AND APPLICATIONS Pub Date : 2021-06-27 DOI:10.31258/IJEBA.6.1.49-60

Elmayola Suchandiko, Yulia Efni, A. Rokhmawati

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引用次数: 1

Abstract

This study aims to analyze the effects of diversification and funding decisions on company performance and value of companies with Good Corporate Governance (GCG) as a moderating variable in an industrial manufacturing company listed on the Stock Exchange (IDX) in 2013-2017. Sampling method using purposive sampling techniques and accounting 41 manufacturing industry companies. Samples were analyzed by using PLS. The results of this study indicated that diversification has no significant significant effect on firm value. Funding decisions have a significant effect on the value of the company. The company's performance significantly influences the value of the company. The funding decision has a significant influence on the company's value through indirect. Diversification has a significant influence on the company's value through indirect. GCG has no significant effect in moderating the influence of funding decisions on firm value. GCG has a significant effect in moderating the effect of diversification on firm value.Keywords: Diversification, Financial Decision, Financial Performance, Firm Value, Good Corporate Governance

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以良好公司治理(GCG)为调节变量的多元化和融资决策对公司绩效和公司价值的影响

本研究旨在分析多元化和融资决策对2013-2017年在证券交易所(IDX)上市的工业制造公司良好公司治理(GCG)公司的公司绩效和价值的影响。抽样方法采用有目的抽样技术并对41家制造业企业进行核算。运用PLS对样本进行分析，研究结果表明多元化对企业价值没有显著的显著影响。融资决策对公司价值有重大影响。公司绩效对公司价值有显著影响。融资决策通过间接方式对公司价值产生重大影响。多元化通过间接方式对公司价值产生显著影响。GCG对融资决策对企业价值的影响没有显著调节作用。GCG对多元化对企业价值的影响具有显著的调节作用。关键词:多元化，财务决策，财务绩效，企业价值，良好的公司治理

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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INTERNATIONAL JOURNAL OF ECONOMICS, BUSINESS AND APPLICATIONS

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