Citation:

Putri Kamilia Miranti, Prana Adilla Azani, Nurul Nadhira Septiani, Fera Damayanti. "Examining the Relationship Between Good Corporate Governance, Leverage, and Environmental, Social Governance Performance towards Firm Value with Profitability as Intervening Variable" International Research Journal of Economics and Management Studies, Vol. 2, No. 4, pp. 399-407, 2023.

Abstract:

This study was done with the intention of examining the influence of GCG, leverage and ESG on company value, with profitability acting as a mediator. Population in this research using purposive sampling and banking organizations in the subsector listed on the Indonesia Stock Exchange between 2017 and 2021, based on selection criteria obtained from a sample of 49 companies used in this study. Method statistics were used to test the hypothesis of multiple regression analysis. The study's findings indicate that while leverage increases firm value, GCG, ESG, and economic viability have no bearing on it. GCG and leverage have a positive effect on profitability, while ESG has no effect on profitability. Profitability can be mediated by the relationship between GCG and firm value, profitability can be mediated by the relationship between leverage and firm value, and the relationship between ESG and firm value.

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Keywords:

Firm Value, Good Corporate Governance, ESG, Leverage, Profitability.