Proceedings of the International Conference on Strategic Issues of Economics, Business and, Education (ICoSIEBE 2020)

Does the Implementation of Corporate Governance Moderate the Relationships of Ownership Structure, Capital Structure and Firm Values of Listed Manufacturing Companies in Indonesia?

Authors
Munajat Mubaraq, Sri Mangesti Rahayu, Muhammad Saifi, Ari Darmawan
Corresponding Author
Munajat Mubaraq
Available Online 22 February 2021.
DOI
10.2991/aebmr.k.210220.029How to use a DOI?
Keywords
Corporate Governance, Ownership Structure, Capital Structure, Firm value
Abstract

This study aims to examine corporate governance’s role as a moderating variable in determining firm value, such as ownership structure and capital structure. Indonesian stock exchange manufacturing companies from 2014 to 2018 were used in this study. The data used was panel data, with data analysis carried out using the WarpPLS program. The results showed that the ownership structure had a significant effect on capital structure while ownership structure and capital structure had no significant effect on firm value. Ownership structure moderated by corporate governance has no significant impact on firm value. Capital structure moderated by corporate governance also has no significant impact on firm value. New findings from this research show that corporate governance cannot moderate the determinants of firm value, such as ownership structure and capital structure.

Copyright
© 2021, 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/).

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Volume Title
Proceedings of the International Conference on Strategic Issues of Economics, Business and, Education (ICoSIEBE 2020)
Series
Advances in Economics, Business and Management Research
Publication Date
22 February 2021
ISBN
978-94-6239-339-4
ISSN
2352-5428
DOI
10.2991/aebmr.k.210220.029How to use a DOI?
Copyright
© 2021, 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  - Munajat Mubaraq
AU  - Sri Mangesti Rahayu
AU  - Muhammad Saifi
AU  - Ari Darmawan
PY  - 2021
DA  - 2021/02/22
TI  - Does the Implementation of Corporate Governance Moderate the Relationships of Ownership Structure, Capital Structure and Firm Values of Listed Manufacturing Companies in Indonesia?
BT  - Proceedings of the International Conference on Strategic Issues of Economics, Business and, Education (ICoSIEBE 2020)
PB  - Atlantis Press
SP  - 163
EP  - 168
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210220.029
DO  - 10.2991/aebmr.k.210220.029
ID  - Mubaraq2021
ER  -