The Effect of Integrated Governace, Risk and Compliance (GRC) on Firm Value Through Finacial Performance
Keywords:
Compliance, Financial Performance, Firm Value, Governace, GRC, Intellectual CapitalAbstract
The purpose of this study was to test and analyze the effect of GRC and Intellectual Capital on firm value through financial performance in banking companies. The population in this study are all banking companies listed on the Indonesia Stock Exchange for the 2021-2023 period. Sampling using purposive sampling method. The data used is secondary data sourced from annual reports and financial reports. The data analysis technique used in this research is the SmartPLS 4 program. The results of this study indicate that GRC has no significant effect on financial performance and firm value, Intellectual capital has no effect on firm value but intellectual capital has a significant and positive effect on financial performance. Furthermore, financial performance has no influence on firm value. GRC mediated by financial performance has no effect on firm value. Intellectual Capital mediated by financial performance has no effect on firm value.
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References
Agung, K., Mildawati., (2023). Lead Journal of Economy and Administration The Effect of Good Corporate Governance on Firm Value With Financial Performance as An Intervening Variable. 2(1), 58–71.
Anastasya, D., Novita. (2019). Pengaruh penerapan Governance, Risk, and Compliance (GRC) terhadap kinerja perusahaan the impact of the application of governance, risk, and compliance toward performance of company. Jurnal Ilmiah Akuntansi Dan Finansial Indonesia, 3(1), 1–16.
Astari, R.K., (2020). PENGARUH INTELLECTUAL CAPITAL TERHADAP KINERJA PERUSAHAAN. Diponegoro Journal Of Accounting, 9, 1–10.
Chen, M., Cheng, S., Hwang, Y. (2005). An empirical investigation of the relationship between intellectual capital and firms’ market value and financial performance. Journal of Intellectual Capital.
Fatihah Nur Rahma, N. (2022). Pengaruh Manajemen Risiko Terhadap Kinerja Keuangan Pada Perusahaan Perbankan di Bursa Efek Indonesia (Periode 2016-2019). Journal Universitas Islam Indonesia, 01(02), 143–158.
Goh, C., Kusnadi, Y., Pan, G., Seow, P.S. (2023). Governance, Risk and Compliance (GRC) in Digital Transformation: Investor Views. In Singapore Management University School of Accountancy Research Paper Series (Vol. 11, Issue 1). https://ssrn.com/abstract=4276136
GRC Forum Indonesia. (2020). Panduan Mencapai Keunggulan GRC. 148, 148–162
Habibi., Mahfud., Andreany, D., (2018). Pengaruh Profitabilitas Dan Sustainability Reporting Terhadap Nilai Perusahaan Dengan Investment Opportunity Set Sebagai Variabel Moderating, Seminar Nasional I Universitas Pamulang, 13 Desember 2018
Habsyi, S., et al.. (2021). EFFECT OF GRC AND INTELLECTUAL CAPITAL ON COMPANY PERFORMANCE
Halimah, S.N., Maharani, N.K. (2024). The Effect of Enterprise Risk Management , Firm Size , Profitability , Leverage , and Managerial Ownership on Firm Value. 19(1), 18–32.
Hidayat, D. (2018.). Pengaruh Corporate Governance Dan Sharia Compliance Terhadap Nilai Perusahaan Dalam Penawaran Saham Perdana ( Initial public Offering ) Di Bursa Efek Indonesia. Journal of Islamic Economics 3(2).
Itan, Iskandar & Antoni., (2021). Does Corporate Governance Influence Value Creation : Assessing The Mediating Role Of Csr And. Jurnal Ekonomi, 17, 301–316.
Krause, T. A. (2016). Risk management and firm value : recent theory and evidence. https://doi.org/10.1108/IJAIM-05-2015-0027
Mutasowifin, A. (2021). Pengaruh Intellectual Capital Terhadap Kinerja Keuangan dan Nilai Perusahaan ( Studi Kasus Perusahaan Sektor Keuangan yang Terdaftar di Bursa Efek Indonesia Tahun 2017-2019 ). 04 (CNBC 2020), 279–294.
Nurhidayanti, F., Listari, S., Efrianti, D. (2023). Pengaruh Good Corporate Governance Terhadap Kinerja Keuangan dan Nilai Perusahaan. JIAKES Jurnal Ilmiah Akuntansi Kesatuan, 11(1), 199–210. https://doi.org/10.37641/jiakes.v11i1.1769
Parthenope, N., Alvino, F., Vaio, A. Di, & Palladino, R. (2021). Intellectual capital and sustainable development : a systematic literature review. 22(1), 76–94. https://doi.org/10.1108/JIC-11-2019-0259
Ramadhani, A.T., Sulistyowati, E. (2023). PENGARUH INTELLECTUAL CAPITAL DAN IMPLEMENTASI GOOD CORPORATE GOVERNANCE TERHADAP PENINGKATAN JIMEA | Jurnal Ilmiah MEA ( Manajemen , Ekonomi , dan Akuntansi ). JUNAL ILMIAH MEA( MANAJEMEN,EKONOMI DAN AKUNTANSI), 7(2), 969–986.
Rivandi, M., Septiano, R. (2021, Februari). Pengaruh Intellectual Capital Disclosure dan Profitabilitas Terhadap Nilai Perusahaan. Jurnal Akuntansi Trisakti 8(1), 123-136
Rossi, C., (2023). Silicon Valley Bank: A Failure in Risk Management What drove the collapse of SVB? Insufficient board oversight, incomplete modeling and poor liquidity risk management practices were among the key factors that led to the bank’s demise.
Sadiq, S., Governatori, G. (2015). Managing Regulatory Compliance in Business Processes. https://doi.org/10.1007/978-3-642-45103-4
Soetedjo, S., Manasikana, A. (2018). Pengaruh Enterprise Risk Management ( ERM ) Terhadap Nilai Perusahaan Pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek. 2(2), 147–153.
Soetedjo, S., & Manasikana, A. (2018). Pengaruh Enterprise Risk Management ( ERM ) Terhadap Nilai Perusahaan Pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek. JOURNAL OF APPLIED MANAGERIAL ACCOUNTING. ISSN: 2548-9917. 2(2), 147–153.
Wahyuni, H. (2021). Mediating Role of Good Corporate Governance to Intellectual Capital and Firm Value. 183(Ambec 2020), 173–178.
Xu, J., Liu, F. (2020). The Impact of Intellectual Capital on Firm Performance : A Modified and Extended VAIC Model The Impact of Intellectual Capital on Firm Performance : A Modified and Extended VAIC Model. April. https://doi.org/10.7441/joc.2010.01.10
Xu, J., Liu, F. (2020). The Impact of Intellectual Capital on Firm Performance: A Modified and Extended VAIC Model. Journal of Competitiveness, 12(1), 161–176. https://doi.org/10.7441/joc.2020.01.10
Yosege, S., Kembaren, S., Endro, G., & Pendrian, O. (2022 December). Effect of governance, risk management and compliance on a firm’s value (healthcare industry). Enrichment: Journal of Management ISSN 2087-6327 12(05), 4076-4087
Agung, K., Mildawati., (2023). Lead Journal of Economy and Administration The Effect of Good Corporate Governance on Firm Value With Financial Performance as An Intervening Variable. 2(1), 58–71.
Anastasya, D., Novita. (2019). Pengaruh penerapan Governance, Risk, and Compliance (GRC) terhadap kinerja perusahaan the impact of the application of governance, risk, and compliance toward performance of company. Jurnal Ilmiah Akuntansi Dan Finansial Indonesia, 3(1), 1–16.
Astari, R.K., (2020). PENGARUH INTELLECTUAL CAPITAL TERHADAP KINERJA PERUSAHAAN. Diponegoro Journal Of Accounting, 9, 1–10.
Chen, M., Cheng, S., Hwang, Y. (2005). An empirical investigation of the relationship between intellectual capital and firms’ market value and financial performance. Journal of Intellectual Capital.
Fatihah Nur Rahma, N. (2022). Pengaruh Manajemen Risiko Terhadap Kinerja Keuangan Pada Perusahaan Perbankan di Bursa Efek Indonesia (Periode 2016-2019). Journal Universitas Islam Indonesia, 01(02), 143–158.
Goh, C., Kusnadi, Y., Pan, G., Seow, P.S. (2023). Governance, Risk and Compliance (GRC) in Digital Transformation: Investor Views. In Singapore Management University School of Accountancy Research Paper Series (Vol. 11, Issue 1). https://ssrn.com/abstract=4276136
GRC Forum Indonesia. (2020). Panduan Mencapai Keunggulan GRC. 148, 148–162
Habibi., Mahfud., Andreany, D., (2018). Pengaruh Profitabilitas Dan Sustainability Reporting Terhadap Nilai Perusahaan Dengan Investment Opportunity Set Sebagai Variabel Moderating, Seminar Nasional I Universitas Pamulang, 13 Desember 2018
Habsyi, S., et al.. (2021). EFFECT OF GRC AND INTELLECTUAL CAPITAL ON COMPANY PERFORMANCE
Halimah, S.N., Maharani, N.K. (2024). The Effect of Enterprise Risk Management , Firm Size , Profitability , Leverage , and Managerial Ownership on Firm Value. 19(1), 18–32.
Hidayat, D. (2018.). Pengaruh Corporate Governance Dan Sharia Compliance Terhadap Nilai Perusahaan Dalam Penawaran Saham Perdana ( Initial public Offering ) Di Bursa Efek Indonesia. Journal of Islamic Economics 3(2).
Itan, Iskandar & Antoni., (2021). Does Corporate Governance Influence Value Creation : Assessing The Mediating Role Of Csr And. Jurnal Ekonomi, 17, 301–316.
Krause, T. A. (2016). Risk management and firm value : recent theory and evidence. https://doi.org/10.1108/IJAIM-05-2015-0027
Mutasowifin, A. (2021). Pengaruh Intellectual Capital Terhadap Kinerja Keuangan dan Nilai Perusahaan ( Studi Kasus Perusahaan Sektor Keuangan yang Terdaftar di Bursa Efek Indonesia Tahun 2017-2019 ). 04 (CNBC 2020), 279–294.
Nurhidayanti, F., Listari, S., Efrianti, D. (2023). Pengaruh Good Corporate Governance Terhadap Kinerja Keuangan dan Nilai Perusahaan. JIAKES Jurnal Ilmiah Akuntansi Kesatuan, 11(1), 199–210. https://doi.org/10.37641/jiakes.v11i1.1769
Parthenope, N., Alvino, F., Vaio, A. Di, & Palladino, R. (2021). Intellectual capital and sustainable development : a systematic literature review. 22(1), 76–94. https://doi.org/10.1108/JIC-11-2019-0259
Ramadhani, A.T., Sulistyowati, E. (2023). PENGARUH INTELLECTUAL CAPITAL DAN IMPLEMENTASI GOOD CORPORATE GOVERNANCE TERHADAP PENINGKATAN JIMEA | Jurnal Ilmiah MEA ( Manajemen , Ekonomi , dan Akuntansi ). JUNAL ILMIAH MEA( MANAJEMEN,EKONOMI DAN AKUNTANSI), 7(2), 969–986.
Rivandi, M., Septiano, R. (2021, Februari). Pengaruh Intellectual Capital Disclosure dan Profitabilitas Terhadap Nilai Perusahaan. Jurnal Akuntansi Trisakti 8(1), 123-136
Rossi, C., (2023). Silicon Valley Bank: A Failure in Risk Management What drove the collapse of SVB? Insufficient board oversight, incomplete modeling and poor liquidity risk management practices were among the key factors that led to the bank’s demise.
Sadiq, S., Governatori, G. (2015). Managing Regulatory Compliance in Business Processes. https://doi.org/10.1007/978-3-642-45103-4
Soetedjo, S., Manasikana, A. (2018). Pengaruh Enterprise Risk Management ( ERM ) Terhadap Nilai Perusahaan Pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek. 2(2), 147–153.
Soetedjo, S., & Manasikana, A. (2018). Pengaruh Enterprise Risk Management ( ERM ) Terhadap Nilai Perusahaan Pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek. JOURNAL OF APPLIED MANAGERIAL ACCOUNTING. ISSN: 2548-9917. 2(2), 147–153.
Wahyuni, H. (2021). Mediating Role of Good Corporate Governance to Intellectual Capital and Firm Value. 183(Ambec 2020), 173–178.
Xu, J., Liu, F. (2020). The Impact of Intellectual Capital on Firm Performance : A Modified and Extended VAIC Model The Impact of Intellectual Capital on Firm Performance : A Modified and Extended VAIC Model. April. https://doi.org/10.7441/joc.2010.01.10
Xu, J., Liu, F. (2020). The Impact of Intellectual Capital on Firm Performance: A Modified and Extended VAIC Model. Journal of Competitiveness, 12(1), 161–176. https://doi.org/10.7441/joc.2020.01.10
Yosege, S., Kembaren, S., Endro, G., & Pendrian, O. (2022 December). Effect of governance, risk management and compliance on a firm’s value (healthcare industry). Enrichment: Journal of Management ISSN 2087-6327 12(05), 4076-4087
