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

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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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  -