Analysis of The Influence of Corporate Governance and Financial Performance on Firm Value

Authors

DOI:

https://doi.org/10.47134/jampk.v2i4.671

Keywords:

Profitability, Corporate Governance, Firm Value

Abstract

The energy sector plays a crucial role in increasing the productivity of companies while driving a country's economic growth. Throughout 2024, the sector recorded a positive performance with an increase in the energy stock index (IDX Energy) of 28.01%, despite the decline in the Jakarta Composite Index (JCI). This study aims to examine how corporate governance and financial performance contribute to increasing firm value. Using a literature review approach, the analysis was based on previous studies to understand the relationship between governance, profitability and firm value. The study results show that the implementation of good governance, such as the principles of transparency and accountability, can increase investor confidence, reduce agency conflicts, and optimize company performance. On the other hand, profitability as an indicator of financial performance is proven to have a positive impact on firm value, reflecting market confidence and long-term growth potential. The implications of this study emphasize the importance of implementing effective governance and increasing profitability to strengthen the competitiveness of companies at the national and international levels.

References

Alimah, A., & Sihono, A. (2024). Analisis Faktor-Faktor yang Mempengaruhi Profitabilitas. JIIP - Jurnal Ilmiah Ilmu Pendidikan, 7(1), 117–126. https://doi.org/10.54371/jiip.v7i1.3151

Aprilliani, M. T., & Totok, D. (2018). Pengaruh tata kelola perusahaan dan ukuran perusahaan terhadap kinerja keuangan perusahaan artikel ilmiah. Diponegoro Journal of Accounting, Vol. 7,(No. 1,), hlm. 1.

Barus, I. S. L., Sarumpaet, T. L., Edison, A., Maisyarah, R., & Pulungan, E. (2019). Relationship between leverage and firm size toward to real earning management: (Unit analysis of mining company Indonesia exchange stock period 2012 until 2015). Journal of Reviews on Global Economics, 8, 672–687. https://doi.org/10.6000/1929-7092.2019.08.58

Binus, U. (n.d.). Memahami Konsep Yang Ada Dalam Corporate Governance. https://accounting.binus.ac.id/2019/05/14/memahami-konsep-yang-ada-dalam-corporate-governance/

Dewanti, M. P. R. P., & Djajadikerta, H. (2018). Pengaruh Kinerja Keuangan dan Tata Kelola Perusahaan Terhadap Nilai Perusahaan pada Industri Telekomunikasi di Bursa Efek Indonesia. Jurnal Akuntansi Maranatha, 10(1), 98–116. https://doi.org/10.28932/jam.v10i1.932

Dinah, A. F & Darsono. (2017). Pengaruh Tata Kelola Perusahaan, Profitabilitas, Dan Penghindaran Pajak Terhadap Nilai Perusahaan. Diponegoro Journal of Accounting, 6(3), 1–15. http://ejournal-s1.undip.ac.id/index.php/accounting

Fajriah, A. L., Idris, A., & Nadhiroh, U. (2022). Pengaruh Pertumbuhan Penjualan, Pertumbuhan Perusahaan, Dan Ukuran Perusahaan Terhadap Nilai Perusahaan. Jurnal Ilmiah Manajemen Dan Bisnis, 7(1), 1–12. https://doi.org/10.38043/jimb.v7i1.3218

Gustiyani, ajeng restu. (2024). Pengaruh Solvabilitas Dan Profitabilitas. November. https://doi.org/10.13140/RG.2.2.31834.76482

Hariati, I., & Rihatiningtyas, Y. W. (2016). Pengaruh Tata Kelola Perusahaan Dan Kinerja Lingkungan Terhadap Nilai Perusahaan. Jurnal Akuntansi & Keuangan Daerah, 11(2), 52–59.

Mulyana, R. N. (2024). Saham Sektor Energi Paling Mentereng di 2024, Begini Prospek dan Rekomendasi di 2025. https://investasi.kontan.co.id/news/saham-sektor-energi-paling-mentereng-di-2024-begini-prospek-dan-rekomendasi-di-2025

Indriyani, E. (2017). Pengaruh Ukuran Perusahaan dan Profitabilitas Terhadap Nilai Perusahaan. Akuntabilitas, 10(2), 333–348. https://doi.org/10.15408/akt.v10i2.4649

Irawan, D., & Kusuma, N. (2019). Pengaruh Struktur Modal Dan Ukuran Perusahaan Terhadap Nilai Perusahaan. Jurnal AKTUAL, 17(1), 66–81. https://doi.org/10.47232/aktual.v17i1.34

Jamali, H. (2023). Tata kelola perusahaan dan kinerja keuangan perusahaan di indonesia. deepulish.

Michael C. Jensen, W. H. M. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4).

Prasetia, T. E., Tommy, P., & Saerang, I. S. (2014). Struktur Modal, Ukuran Perusahaan Dan Risiko Perusahaan Terhadap Nilai Perusahaan Otomotif Yang Terdaftar Di Bei. Ukuran… Jurnal EMBA, 8792(2), 879–889.

Pujilestari, K., Machdar Marinda, N. (2024). Pengaruh Akuntansi Forensik, Audit Investigatif, Dan Independensi Auditor Terhadap Pengungkapan Fraud. MUQADDIMAH : Jurna Ekonomi, Manajemen, Akuntansi dan Bisnis, 2(3), 18-27

Purbani, D., Aman, D, A., Mustikasari, E., Lesmana, S., H., Aida, H. (2016). Penelitian dan Pengembangan Sumberdaya Laut dan Pesisir, P., Kelautan dan Perikanan-KKP, B., & Pasir Putih, J. (2016). Jakarta 14430. 2 Fakultas Pertanian Universitas Lampung Jl. Prof. Dr. Sumantri, 23(2), 35145.

Putra, R. H. (2017). Pengaruh Tata Kelola Perusahaan Terhadap Kinerja Keuangan Perusahaan. Jurnal Ilmu Dan Riset Akuntansi, 6(8), 1–15. http://jurnalmahasiswa.stiesia.ac.id/index.php/jira/article/view/1516/1531

Rachmawati, D.. (2015). 456-1147-1-Sp. JUrnal Akuntansi, 18(1), 1–18.

Saputri, C. K., Giovanni, A. (2022). Pengaruh Profitabilitas, Leverage, Pertumbuhan Perusahaan, Dan Likuiditas Terhadap Nilai Perusahaan. Jurnal Paradigma Akuntansi, 4(4), 1589–1599. https://doi.org/10.24912/jpa.v4i4.21390

Sofyaningsih, S. & P. H. 2011. (2011). 195-Article Text-387-1-10-20120202. In Dinamika Keuangan dan Perbankan (Vol. 3, Issue 1, pp. 68–87).

Sutama, D. R., & Lisa, E. (2018). Pengaruh Leverage dan Profitabilitas terhadap Nilai Perusahaan (Studi pada Perusahaan Sektor Manufaktur Food and Beverage yang terdaftar di Bursa Efek Indonesia). Sains Manajemen Dan Akuntansi, 10(2), 65–85.

Susanty, C. L. Y. M, & Trisakti. (2022). Analisis Tata Kelola Perusahaan, Dan Nilai Perusahaan. Jurnal Manajemen, 6(2), 73–82. https://doi.org/10.54964/manajemen.v6i2.205

Ummah, M. S. (2019). “Pengaruh Profitabilitas, Leverage, Likuiditas, Ukuran Perusahaan, dan Pertumbuhan Perusahaan terhadap Nilai Perusahaan Sektor Energi yang Terdaftar di BEI Tahun 2020-2022. Sustainability (Switzerland), 11(1), 1–14. http://scioteca.caf.com/bitstream/handle/123456789/1091/RED2017-Eng-8ene.pdf?sequence=12&isAllowed=y%0Ahttp://dx.doi.org/10.1016/j.regsciurbeco.2008.06.005%0Ahttps://www.researchgate.net/publication/305320484_SISTEM_PEMBETUNGAN_TERPUSAT_STRATEGI_MELESTARI

Widhiastuti, N. L. P. (2022). Pengaruh Kinerja Keuangan Terhadap Nilai Perusahaan Pada Perusahaan Manufaktur Di Bursa. Solusi, 20(3), 267. https://doi.org/10.26623/slsi.v20i3.5293

Downloads

Published

2025-05-08

How to Cite

Larasasti, S., Sari, P., Ramadhani, S., & Maisyarah, R. (2025). Analysis of The Influence of Corporate Governance and Financial Performance on Firm Value. Jurnal Akuntansi, Manajemen, Dan Perencanaan Kebijakan, 2(4), 8. https://doi.org/10.47134/jampk.v2i4.671

Issue

Section

Articles

Similar Articles

You may also start an advanced similarity search for this article.