Good Company Governance And Risk Management On Company Value With Bank Performance

Jefry Gasperz; Christina Sososutiksno; Franco Benony Limba

doi:10.24912/ja.v26i3.1040

Authors

Jefry Gasperz Faculty of Economics & Business, Pattimura University, Ambon, Indonesia
Christina Sososutiksno Faculty of Economics & Business, Pattimura University, Ambon, Indonesia
Franco Benony Limba Faculty of Economics & Business, Pattimura University, Ambon, Indonesia

DOI:

https://doi.org/10.24912/ja.v26i3.1040

Keywords: Bank Performance; GCG; Risk Management; Company Value.

Abstract

Economics movements either real sector or monetary sector undergo dynamic development and affect the economy banking sector. This study aims to elucidate bank performance preceding and proceeding the administration of regulation of Financial Service Authority and distinctive evaluation between GCG and risk management. This study is an approach used to observe all demands and information related to corporation values (Banks) which can be completely prepared by policy makers. Explanative survey with structural equation modeling analysis is employed. Research samples are state, foreign, and private banks which are accessible from Bank Indonesia (BI) website, 2010 – 2018 period. GCG and Risk Management have a positive effect on company value, while bank performance has a negative effect on company value. GCG has a negative effect on bank performance while risk management has a positive effect on bank performance. The roles of Financial Service Authority influence the average mechanism value of GCG and risk management, meanwhile bank performance and company’s values have no effects when compared with beforehand and afterward the formation of Financial Service Authority.

Author Biographies

Jefry Gasperz, Faculty of Economics & Business, Pattimura University, Ambon, Indonesia

je66er@yahoo.co.id

Christina Sososutiksno , Faculty of Economics & Business, Pattimura University, Ambon, Indonesia

chr_sososutiksno@yaho.com

Franco Benony Limba, Faculty of Economics & Business, Pattimura University, Ambon, Indonesia

francob.limba@gmail.com

References

Adi, S. A. P., & Suwarti, T. (2022). Pengaruh Penerapan Good Corporate Governance Terhadap Kinerja Keuangan Perbankan Yang Terdaftar Pada Bursa Efek Indonesia Tahun 2018-2020. Jurnal Ilmiah Mahasiswa Akuntansi Universitas Pendidikan Ganesha, 13(2), 585–596. https://ejournal.undiksha.ac.id/index.php/S1ak/article/view/42429.

Aebi, V., Sabato, G., & Schmid, M. (2012). Risk management, corporate governance, and bank performance in the financial crisis. Journal of Banking & Finance, 36(12), 3213–3226. https://doi.org/10.1016/J.JBANKFIN.2011.10.020.

Ardesta D, A. W. (2019). good corporate governance Terhadap Nilai Perusahaan: Studi Pada Perusahaan Asuransi Yang Terdaftar Di Bursa Efek Indonesia Tahun 2016-2018. Jurnal Ilmiah Mahasiswa FEB Universitas Brawijaya, 2, 1–16. https://jimfeb.ub.ac.id/index.php/jimfeb/article/view/6710.

Attar, D., Islahuddin, & dan Shabri, M. (2014). Pengaruh Penerapan Manajemen Risiko Terhadap Kinerja Keuangan Perbankan yang Terdaftar di Bursa Efek Indonesia. 3(1), 10–20. https://doi.org/10.13140/RG.2.1.3589.4882.

Ayuningrum, A. P. (2021). The Effect Risk of Credit, Efficiency, and GCG of Bank Profitability (Study in Conventional Commercial Banks Registered on the Indonesia Stock Exchange Period 2012 - 2019). Management Analysis Journal, 10(2), 139–145. https://doi.org/https://doi.org/10.15294/maj.v10i2.45940.

Bank for International Settlements. (2015). Corporate governance principles for banks. In Bank for International Settlements (Issue October). https://www.bis.org/bcbs/publ/d328.pdf.

Berger, A. N., Imbierowicz, B., & Rauch, C. (2016). The Roles of Corporate Governance in Bank Failures during the Recent Financial Crisis. Journal of Money, Credit and Banking, 48(4), 729–770. https://doi.org/10.1111/jmcb.12316.

Calomiris, C. W., & Carlson, M. (2016). Corporate governance and risk management at unprotected banks: National banks in the 1890s. Journal of Financial Economics, 119(3), 512–532. https://doi.org/10.1016/J.JFINECO.2016.01.025.

Chitan, G. (2012). Corporate Governance and Bank Performance in the Romanian Banking Sector. Procedia Economics and Finance, 3, 549–554. https://doi.org/10.1016/S2212-5671(12)00194-3.

Ferial, F., Suhadak, & Handayani, S. R. (2016). Pengaruh Good Corporat. Jurnal Administrasi Bisnis, 33(1), 146–153.

Firmansyah, M. H. (2022). Penerapan Manajemen Risiko Keselamatan Dan Kesehatan Kerja Di Rumah Sakit Islam Surabaya a. Yani. Jurnal Kesehatan Masyarakat (Undip), 10(1), 12–19. https://doi.org/10.14710/jkm.v10i1.31550.

Gulati, R. (2022). Bank ownership and governance quality in India: Evolution and detection of convergence clubs. The North American Journal of Economics and Finance, 62, 101730. https://doi.org/10.1016/J.NAJEF.2022.101730.

Hair, J. F., Sarstedt, M., Hopkins, L., & Kuppelwieser, V. G. (2014). Partial least squares structural equation modeling (PLS-SEM): An emerging tool in business research. European Business Review, 26(2), 106–121. https://doi.org/10.1108/EBR-10-2013-0128.

Handayani, B. D. (2017). Mekanisme Corporate Governance, Enterprise Risk Management, Dan Nilai Perusahaan Perbankan. Jurnal Keuangan Dan Perbankan, 21(1), 70–81. https://doi.org/10.26905/jkdp.v21i1.1228.

Hossain, A., Sobhani, F. A., Omar, N., Mohamad, N., & Said, J. (2019). Corporate governance, risk management and ethical investment: Evidence from banking industries. International Journal of Financial Research, 10(5), 126–137. https://doi.org/10.5430/ijfr.v10n5p126.

Idris, A., & Norlida, A. M. (2016). Influence of Enterprise Risk Management Success Factors on Firm Financial and Non-Financial Performance : A Proposed Model. International Journal of Economics and Financial Issues, 6(3), 830–836. http://www.econjournals.com/index.php/ijefi/article/view/1993/pdf.

Jumingan. (2019). Analisis Laporan Keuangan. Jakarta : Bumi Aksara.

Lestari, R. (2013). Pengaruh Manajemen Risiko Terhadap Kinerja Organisasi (Studi pada Dana Pensiun Pemberi Kerja di Wilayah Jabar-Banten). Jurnal Riset Akutansi Dan Bisnis, 13(2), 133–151.

Mindarti, C. S. (2016). Pengaruh Karakteristik Individu Terhadap Kinerja Auditor. Jurnal Ekonomi Dan Bisnis, 18(3), 59. https://doi.org/10.24914/jeb.v18i3.286.

OECD. (2015). The OECD Principles of Corporate Governance. The Corporate Responsibility Code Book: Third Edition, 216, 347–416. https://doi.org/10.9774/gleaf.9781783530670_21.

Otoritas Jasa Keuangan Republik Indonesia. (2016). Peraturan Otoritas Jasa Keuangan Republik Indonesia tentang Nomor 18 Tahun 2016 tentang Penerapan manajemen risiko bagi Bank Umum. Otoritas Jasa Keuangan, 1–29. http://www.ojk.go.id/id/kanal/iknb/regulasi/lembaga-keuangan-mikro/peraturan-ojk/Documents/SAL-POJK PERIZINAN FINAL F.pdf.

Perdana, R. S., & Raharja. (2014). Analisis Pengaruh Corporate Governance Terhadap Nilai Perusahaan. None, 3(3), 1–13.

Perdana, V. A., & Septiani, A. (2017). Pengaruh Corporate Governance Terhadap Kinerja Keuangan Perusahaan Perbankan Yang Terdaftar di Bursa Efek Indonesia Tahun 2015-2019. Diponegoro Journal of Accounting, 6(4), 1–8. https://media.neliti.com/media/publications/251829-none-be03a27b.pdf.

Prasojo. (2015). Pengaruh Penerapan Good Corporate Governance terhadap Kinerja Keuangan Bank Syariah. Jurnal Dinamika Akuntansi Dan Bisnis, 2(1), 59–69. https://doi.org/10.26740/jekobi.v4n1.p33-44.

Pratiwi, M. D., Yaningwati, F., & Endang, M. G. W. (2014). Penilaian Kinerja Keuangan Perusahaan Dengan Analisis Rasio Keuangan Dan Metode Economic Value Added (EVA) (Studi pada PT. Berlina, Tbk dan Anak Perusahaan yang Terdaftar di Bursa Efek Indonesia Periode 2010-2012). Jurnal Administrasi Bisnis S1 Universitas Brawijaya, 9(2), 1–8.

Purwaningsih, N. K. I., & Wirajaya, I. G. A. (2014). Pengaruh Kinerja Pada Nilai Perusahaan Dengan Corporate Social Resonsibility Sebagai Variabel Pemoderisasi. E-Jurnal Akuntansi Universitas Udayana, 7(3), 598–613.

Purwoko, D., & Sudityatno, B. (2013). Faktor-faktor yang mempengaruhi kinerja bank (Studi empirik pada industri perbankan di Bursa Efek Indonesia). Jurnal Bisnis Dan Ekonomi, 20(1), 25–39. https://www.unisbank.ac.id/ojs/index.php/fe3/article/view/2344%0A.

Rakhimov, A., & Mamadjonov, S. (2022). Market Risks In Commercial Banks : Methods Of Assessment And Analysis. European Journal of Research Development and Sustainability (EJRDS), 3(3), 92–94. https://media.neliti.com/media/publications/392004-market-risks-in-commercial-banks-methods-7b588e30.pdf.

Robiyanto, R., Nafiah, I., Harijono, H., & Inggarwati, K. (2020). Pengaruh Profitabilitas Terhadap Nilai Perusahaan Perhotelan Dan Pariwisata Dengan Struktur Modal Sebagai Variabel Intervening. Jurnal Ilmiah Bisnis Dan Ekonomi Asia, 14(1), 46–57. https://doi.org/10.32812/jibeka.v14i1.153.

Sanjaya, C. K., & Linawati, N. (2015). Pengaruh Penerapan Enterprise Risk Management dan Variabel Kontrol Terhadap Nilai Perusahaan di Sektor Keuangan. Finesta, 3(1), 52–57. http://publication.petra.ac.id/index.php/manajemen-keuangan/article/view/2975.

Sari, M., Hanum, S., & Rahmayati, R. (2022). Analisis Manajemen Resiko Dalam Penerapan Good Corporate Governance : Studi pada Perusahaan Perbankan di Indonesia. Owner, 6(2), 1540–1554. https://doi.org/10.33395/owner.v6i2.804.

Sekaran, U., & Bougie, R. (2017). Metode Penelitian Bisnis. Jakarta : Salemba Empat.

Sudiyatno, B., & Setiyowati, R. (2012). Pengaruh Bopo , Npl , Nim Dan Car Terhadap Kinerja Keuangan Bank ( Studi Pada Bank-Bank Yang Listed Di Bursa Efek Indonesia ) The Influence of BOPO , NPL , NIM and CAR toward on the Financial Performance of Banks ( Study at listed Bank ’ s in Indonesian S. Dinamika Akuntansi Keuangan Dan Perbankan, 1(1), 57–73.

Sugiyono. (2018). Metode Penelitian Kombinasi (Mixed Methods) (10th ed.). Bandung: CV Alfabeta.

Utami, M. D. (2019). Analisis Perbandingan Tingkat Kesehatan Bank Dengan Metode Rgec Sebelum Dan Sesudah Pengawasan Otoritas Jasa Keuangan (Ojk) Pada Pt. Bank Negara Indoensia (BNI), TBK [Program Studi Manajemen S1 STIE Ekuitas Bandung]. In Repositori Ekuitas. http://repository.ekuitas.ac.id/bitstream/handle/123456789/698/Fulltext - A10150012.pdf?sequence=3&isAllowed=y.

Widodo, N. M., Rochman, F., & Yudawijaya, Y. B. (2013). Pengaruh Pengungkapan Manajemen Risiko Terhadap Nilai Perusahaan (Bukti Empiris dari Pasar Modal Indonesia). Forum Akademika, 17(1), 1–18. https://adoc.pub/pengaruh-pengungkapan-manajemen-risiko-terhadap-nilai-perusa.html.