Pengaruh Penerapan Good Corporate Governance Return On Asset Dan Ukuran Perusahaan Terhadap Nilai Perusahaan(Studi Longitudinal Pada Perusahaan Asuransi Syariah Yang Terdaftar Di Bursa Efek Indonesia)
DOI:
https://doi.org/10.30631/zhgcd657Kata Kunci:
Good Corporate Governance, Return On Assets, Company Size , Company ValueAbstrak
ABSTRACT
This study aims to examine and substantiate, through empirical evaluation, the ramifications of Good Corporate Governance (GCG) enactment, Return on Assets (ROA), and organizational magnitude upon the valuation of enterprises within the Islamic insurance domain. The investigatory locus encompasses sharia-compliant insurers—comprising general takaful entities, re-takaful institutions, and wholly sharia-oriented corporations—authorized under the auspices of the Financial Services Authority (OJK). Conceptually, GCG is construed as an integrated managerial framework purposed to augment stakeholder equity, pivoting upon two cardinal doctrines: (1) the prerogative of proprietors to access lucid and verifiable disclosures, and (2) the corporate imperative to furnish accurate, timely, and transparent reporting. Methodologically, this study adopts a quantitative paradigm employing multiple linear regression analysis via the SPSS v26 analytical suite. The investigational cohort was delineated through a purposive sampling strategy, sourced from a census of 32 OJK-registered sharia insurance institutions listed on the official portals of the OJK and the Indonesia Stock Exchange, culminating in a representative subset of four firms. Empirical outcomes elucidate that GCG implementation exerts a statistically significant inverse influence on enterprise valuation. Conversely, ROA manifests a positive and significant association with firm worth, while organizational scale reveals a significant negative correlation. In light of these deductions, it is posited that sharia insurance operators ought to fortify their corporate valuation by advancing GCG enactment synergistically with optimized ROA performance, while strategically calibrating institutional size for value maximization.
Keywords: Good Corporate Governance, Return On Assets, Company Size and Company Value
Referensi
Daftar Pustaka
Anggraini, R., & Fidiana. (2021). Pengaruh Penerapan Good Corporate Governance Dan Struktur Modal Terhadap Nilai Perusahaan. Jurnal Ilmu Dan Riset Akuntansi , 10(7), 1–15.
Arofah, S. N., & Khomsiyah. (2023). Pengaruh Good Corporate Governance dan Environmental Social Governance terhadap Nilai Perusahaan dengan Kinerja Keuangan Sebagai Moderasi. Jurnal Informatika Ekonomi Bisnis, 5, 125–133. https://doi.org/10.37034/infeb.v5i1.208
Gusriandari, W., Rahmi, M., & Putra, Y. E. (2022). Pengaruh Good Corporate Governance Terhadap Nilai Perusahaan Pada Perusahaan Pertambangan Yang Terdaftar Di Bursa Efek Indonesia Tahun 2017-2020. Jurnal Pundi, 6(1), 181–196. https://doi.org/10.31575/jp.v6i1.406
Komisioner, D., & Jasa, O. (2015). Peraturan Otoritas Jasa Keuangan Nomor 43 /Pojk.05/2019 Tentang Perubahan Atas Peraturan Otoritas Jasa Keuangan Nomor 73/Pojk.05/2016 Tentang Tata Kelola Perusahaan Yang Baik Bagi Perusahaan Perasuransian. https://ojk.go.id/id/regulasi/Pages/Perubahan-Atas-Peraturan-Otoritas-Jasa-Keuangan-Nomor-73-tentang-Tata-Kelola-Perusahaan-yang-Baik-bagi-Perusah.aspx
Poluan, S. J., & Wicaksono, A. A. (2019). Pengaruh Pengungkapan Good Corporate Governance Terhadap Nilai Perusahaan Pada Badan Usaha Milik Negara Yang Terdaftar Di Bursa Efek Indonesia Perioda 2013-2017. JIM UPB (Jurnal Ilmiah Manajemen Universitas Putera Batam), 7(2), 228–237. https://doi.org/10.33884/jimupb.v7i2.1238
Pudjonggo, I. Z., & Yuliati, A. (2022). Pengaruh Good Corporate Governance Terhadap Kinerja Keuangan dan Nilai Perusahaan Studi Pada BEI Tahun 2016–2020. Jurnal Ilmiah Mahasiswa Akuntansi, 13(2), 561–573. https://ejournal.undiksha.ac.id/index.php/S1ak/article/view/42330%0Ahttps://ejournal.undiksha.ac.id/index.php/S1ak/article/download/42330/22308
Rahman, S. (2022). Pengaruh Kinerja Keuangan, Good Corporate Governance, Dan Corporate Social Responsibility Terhadap Nilai Perusahaan Asuransi Yang Terdaftar Di Bursa Efek Indonesia. Journal Manajemen, 5, 102.
Sanusi, I. K., Leviany, T., & Handayani, W. (2022). Pengaruh Good Corporate Governance, Auditing Dan Perpajakan. Jurnal SIKAP, 6(2), 238–254.
Saputri, R. S. (2019). Pengaruh Penerapan Good Corporate Governance Return on Asset Dan Ukuran Perusahaan Terhadap Nilai Pasar Perusahaan (Kasus Pada Perusahaan Manufaktur Yang Terdaftar Di Bei).
Saragih, A. E., & Sihombing, U. T. (2021). Pengaruh Intellectual Capital, Good Corporate Governance, Dan Ukuran Perusahaan Terhadap Kinerja Keuangan Perusahaan Perbankan Yang Terdaftar Di Bursa Efek Indonesia. Jurnal Riset Akuntansi & Keuangan, 7(1), 1–17. https://doi.org/10.54367/jrak.v7i1.1133
Surya, S., Soetama, D. R., & Ruliana, R. (2016). Pengaruh Earning Power Terhadap Earning Management. Akuntabilitas, 9(1), 97–120. https://doi.org/10.15408/akt.v9i1.3587
UU No 2 Tahun 1992. (2020). Undang-Undang Republik Indonesia Nomor 2 Tahun 1992 Tentang Usaha Perasuransian. Demographic Research, 4–7.
Mentari Puspadini, CNBC Indonesia “6 Kasus Gagal Bayar Ini Nodai Asuransi RI, Nilainya Fantastis” https://www.cnbcindonesia.com/market/20230912130026-17-471737/6-kasus-gagal-bayar-ini-nodai-asuransi-ri-nilainya-fantastis (Diakses pada 08 Februari 2025, Pukul 23.45)
Rehman, Ali, And Fathyah Hashim. "Impact Of Fraud Risk Assessment On Good Corporate Governance: Case Of Public Listed Companies In Oman." Business Systems Research: International Journal Of The Society For Advancing Innovation And Research In Economy 11.1 (2020): 16-30
Aten, N., Setiawan, R. A., & Polindi, M. (2024). Analisis Implementasi GCG dan Fungsi DPS Sebagai Internal Auditor Di Bank Muamalat Indonesia. Jurnal Tabarru': Islamic Banking And Finance, 7(2), 586-594.
Yopie, S., & Chandrawati, M. (2023). Effect of good corporate governance and gender diversity on earnings management in Indonesia. Global Financial Accounting Journal, 7(2), 142-157.
Unduhan
Diterbitkan
Terbitan
Bagian
Lisensi
Hak Cipta (c) 2025 ILTIZAM Journal of Shariah Economics Research
Artikel ini berlisensiCreative Commons Attribution-ShareAlike 4.0 International License.
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
