Intellectual Capital Moderates the Relationship between Good Corporate Governance and Company Performance
Journal Title: International Journal of Social Science Humanity & Management Research - Year 2024, Vol 3, Issue 6
Abstract
This study empirically examines the effect of Good Corporate Governance, proxied by the Board of Commissioners, Audit Committee, and Independent Commissioner, on company performance measured using Economic Value Added (EVA), with Intellectual Capital as a moderating variable. The research focuses on state-owned enterprises listed on the Indonesia Stock Exchange for the period 2018-2022. The study employs a quantitative research method with an associative approach. Purposive sampling was used to obtain a sample of 50 data points. Secondary data was collected through documentation techniques, specifically annual reports of the state-owned enterprises for the period 2018-2022. The analysis methods include descriptive statistical analysis, classical assumption tests, panel data regression analysis, Moderated Regression Analysis (MRA), t-test, F-test, and coefficient of determination, using Eviews 9 software. The findings indicate that (1) the moderating variable does not significantly moderate the relationship between Good Corporate Governance and EVA, (2) the Adjusted R-squared value is 0.170783, indicating that the variables X1, X2, X3, M, X1M, X2M, and X3M collectively explain 17.07% of the variance in the dependent variable Y, and (3) after including the moderating variable, the influence of the independent variables on the dependent variable weakens from 25% (before moderation) to 17.07% (after moderation).
Authors and Affiliations
Tati Rosyati, Fery Citra Febriyanto, Fina Fitriyana
Keywords
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- EP ID EP738044
- DOI 10.58806/ijsshmr.2024.v3i6n22
- Views 83
- Downloads 0
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