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The Role of Audit Committee of GCG in Increasing Company Value through ROA

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  • Ana Kadarningsih
  • Irene Rini Demi Pangestuti
  • Sugeng Wahyudi
  • Julia Safitri

Abstract

This study determines the Good Corporate Governances (GCG) influence in increasing company value through Return on Assets (ROA). Good Corporate Governance factors used in this research are independent commissioner (IC) and audit committee (AC). Company Value factors used in this research is PBV (Price to Book Value). Sample of this research contains 23 conventional commercial banks registered on IDX (Indonesia Stock Exchange) in the period of 2014-2018. The method of data analysis uses multiple linear regression. The results show that the fastest variable to increase company value through ROA as a mediating variable is the audit committee. Independent commissioner does not influence on financial performance (ROA) and company value. Another variable that rapidly increases company value is the direct influence of intellectual capital on company value.

Suggested Citation

  • Ana Kadarningsih & Irene Rini Demi Pangestuti & Sugeng Wahyudi & Julia Safitri, 2020. "The Role of Audit Committee of GCG in Increasing Company Value through ROA," Academic Journal of Interdisciplinary Studies, Richtmann Publishing Ltd, vol. 9, July.
    • Handle: RePEc:bjz:ajisjr:1910
    DOI: https://doi.org/10.36941/ajis-2020-0057
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    References listed on IDEAS

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    1. Amrinder Khosa, 2017. "Independent directors and firm value of group-affiliated firms," International Journal of Accounting & Information Management, Emerald Group Publishing Limited, vol. 25(2), pages 217-236, May.
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