A Financial Optimization Model as a Business Model for Measuring and Managing the Value of Companies: In the Context of Good Corporate Governance (GCG)
- DOI
- 10.2991/iac-17.2018.50How to use a DOI?
- Keywords
- Business Model; Financial Modelling; Optimization Model; Corporate Governance
- Abstract
The purpose of this paper is to develop an integrated financial model using an optimization approach as a business model for measuring and managing the value of companies to achieve Good Corporate Governance (GCG). The model uses the discounted cash flow valuation model and is based on accurate and reliable accounting information so that it provides sound financial management strategies to manage the value of the company. The integrated financial model offers a significant contribution to the literature because it provides a managerial application model showing interactivity between individual governance variables, as well as considering external governance mechanisms. This would be of significant benefit to organizations in pursuing GCG practice and managing their companies’ values. From an academic point of view, this research fills the vacuum of a business model using an integrated financial application model which encompasses both corporate governance practices and external regulatory environments.
- Copyright
- © 2018, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Siti Nuryanah PY - 2017/08 DA - 2017/08 TI - A Financial Optimization Model as a Business Model for Measuring and Managing the Value of Companies: In the Context of Good Corporate Governance (GCG) BT - Proceedings of the 6th International Accounting Conference (IAC 2017) PB - Atlantis Press SP - 278 EP - 282 SN - 2352-5428 UR - https://doi.org/10.2991/iac-17.2018.50 DO - 10.2991/iac-17.2018.50 ID - Nuryanah2017/08 ER -