Performance Of Banking Companies In Indonesia Stock Exchange:Does Good Corporate Governance Moderates The Effect Of Value Added Intellectual Coefficient On Market?

International Journal of Economics and Management Studies

© 2021 by SSRG - IJEMS Journal

Volume 8 Issue 4

Year of Publication : 2021

Authors : I Gusti Ayu Mas Widhyawati, Dr. Made Gede Wirakusuma

10.14445/23939125/IJEMS-V8I4P101

How to Cite?

I Gusti Ayu Mas Widhyawati, Dr. Made Gede Wirakusuma, "Performance Of Banking Companies In Indonesia Stock Exchange:Does Good Corporate Governance Moderates The Effect Of Value Added Intellectual Coefficient On Market?," SSRG International Journal of Economics and Management Studies, vol. 8,  no. 4, pp. 1-7, 2021. Crossref, https://doi.org/10.14445/23939125/IJEMS-V8I4P101

Abstract:

This study aims to determine the effect of the Value Added Intellectual Coefficient (VAICTM) on the market performance of banking companies on the Indonesian Stock Exchange and show the effect of the VAICTM on the market performance of banking companies, which is moderated by Good Corporate Governance. The research period was from 2013 to 2015. The data used in this study are secondary data obtained from the IDX website in the form of financial reports and annual company reports. This study consists of three variables, the company's market performance as the dependent variable as measured by Price to Book Value (PBV), intellectual capital performance as an independent variable as measured by VAICTM, and Good Corporate Governance as a moderating variable as measured by the Good Corporate Governance index. The relationship between these variables was analyzed using a Moderated Regression Analysis (MRA). The results of this study are as follows: First, VAICTM has a positive and significant effect on the market performance of banking companies on the Indonesian Stock Exchange. Second, Good Corporate Governance strengthens the effect of the VAICTM Coefficient on the market performance of banking companies on the Indonesian Stock Exchange.

Keywords:

banking, value-added intellectual coefficient, price to book value, good corporate governance, performance.

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