Open AccessPENINGKATAN NILAI PERUSAHAAN MELALUI TATA KELOLA PERUSAHAAN DAN PROFITABILITAS PADA KONSTITUEN INDEKS SAHAM SYARIAH INDONESIA
Author(s) -
Evan Hamzah Muchtar,
Amiur Nuruddin,
Saparuddin Siregar
Publication year - 2019
Publication title -
malia
Language(s) - English
Resource type - Journals
ISSN - 2549-2578
DOI - 10.35891/ml.v10i2.1428
Subject(s) - profitability index , nonprobability sampling , business , corporate governance , stock exchange , accounting , index (typography) , sample (material) , business administration , enterprise value , indonesian , finance , population , linguistics , chemistry , philosophy , demography , chromatography , sociology , world wide web , computer science
This study aims to obtain empirical evidence about the effect of corporate governance on profitability and its impact on company value. To measure the level of implementation of corporate governance, an index that has been developed based on relevant regulations and previous research is used. This study uses a purposive sampling method from the constituents of the Indonesian Syariah Stock Index (ISSI) in 2017. There are 50 companies that meet the criteria for the study sample. Data analysis using the Structural Equation Model (SEM) approach with the GeSCA Version 1.5 Web analyzer. The results of this study indicate that corporate governance has a positive and significant effect on profitability, while corporate governance does not affect the value of the company. Profitability affects the value of the company. Corporate governance affect the value of the company mediated by profitability.