The influence of corporate governance, corporate social responsibility, and information technology investment on the financial performance of Indonesian mining companies
DOI:
https://doi.org/10.31941/batik.v1i1.194Keywords:
audit committee, corporate social responsibility, financial performance, independent commissioners, information technology investment, managerial ownershipAbstract
The purpose of this study is to analyze the influence of corporate governance, corporate social responsibility, and information technology investment on financial performance. Corporate governance in this study is measured by managerial ownership, the audit committee, and the proportion of independent commissioners. The object of this study is the mining companies listed on the Indonesia Stock Exchange for the 2016–2020 period. The data in this study is secondary data that was collected from the company's annual report, including the audited financial statement. The sample for this study was obtained through purposive sampling, as there were 145 observations from the 29 companies for five years that met the criteria. The technical analysis in this study is multiple regression analysis using SPPS software. The results of this study show that managerial ownership has no effect on financial performance, the audit committee has a positive and significant effect on financial performance, the proportion of independent commissioners has a negative and significant effect on financial performance, corporate social responsibility has a negative effect on financial performance, and information technology investment has a negative and significant effect on financial performance. Theoretically, this study contributes to agency theory and stakeholder theory for the discussion of financial performance. Practically, this research can be a consideration for current investors and potential investors to consider the aspect of financial performance, particularly when investing in the mining company.
References
Agustiningsih, S. W., Sulistyaningsih, C. R., & Purwanto. (2016). Pengaruh Penerapan Corporate Governance Terhadap Kinerja Keuangan Perusahaan di Indonesia. Jurnal Akuntansi Dan Bisnis, 16(1), 27. https://doi.org/10.20961/jab.v16i1.188
Angkasa, M. A. M., & Gisijanto, H. A. (2019). Pengaruh Investasi Teknologi Informasi Terhadap Kinerja Perusahaan Perbankan yang Terdaftar Di Bursa Efek Indonesia (BEI) Periode 2015-2019. Idx.
Destiana, G., & Muslih, M. (2019). Pengaruh Principle-Based Corporate Governance Terhadap Kinerja Keuangan Perusahaan. Jurnal Aset (Akuntansi Riset), 11(1), 21–40. https://doi.org/10.17509/jaset.v11i1.15727
Dewi, A. S., Sari, D., & Abaharis, H. (2018). Pengaruh Karakteristik Dewan Komisaris Terhadap Kinerja Perusahaan Manufaktur Di Bursa Efek Indonesia. Jurnal Benefita, 3(3), 445. https://doi.org/10.22216/jbe.v3i3.3530
Fajrinnaski, R. (2017). Pengaruh Corporate Social Responsibility ( CSR ) dan Good Corporate Governance ( GCG ) Terhadap Kinerja Keuangan.
Freeman, R. E. (1984). Strategic Management: A Stakeholder Approach. Pitman Publishing Inc.
Gantino, R. (2016). Pengaruh Corporate Social Responsibility Terhadap Kinerja Keuangan Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Periode 2008-2014. Jurnal Dinamika Akuntansi Dan Bisnis, 3(2), 19–32. https://doi.org/10.24815/jdab.v3i2.5384
Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial Behavior, Agency Cost and Ownership Structure. Journal of Financial Economics, 3(4), 305–360.
Laari, S., & Ojala, L. (2018). The effect of a competitive strategy and green supply chain management on the financial and environmental performance of logistics service providers. December 2017, 1–12. https://doi.org/10.1002/bse.2038
Manuela. (2018). Analisis Perbandingan Kinerja Keuangan Perusahaan Air Minum Ira-Mor Dengan Perusahaan Bemor Di Timor Leste (Study Kasus Perusahaan Ira-Mor Dan Perusahaan Bemor, Dili, Timor Leste). Universitas Atmajaya Yogyakarta, 6–21.
Rahmawati, A. P. (2022). Environmental Performance, Social Responsibility Disclosure, Managerial Ownership, Financial Performance: The Role of Feminism on Board of Directors. SAR (Soedirman Accounting Review): Journal of Accounting and Business, 07(02), 128–144. https://doi.org/10.32424/1.sar.2022.7.2.7566
Ramadhani, N. F. (2019). Pengaruh Investasi Teknologi Informasi (TI) Terhadap Kinerja Keuangan Perusahaan Sektor Perbankan.
Sari, A. R., & Setiyowati, S. W. (2017). Pengaruh Corporate Governance dan Kebijakan Utang Terhadap Kinerja Keuangan Perusahaan Manufaktur yang Listing di Bursa Efek Indonesia. Jurnal AKSI ( Akuntansi Dan Sistem Informasi ), 1, 38–49.
Septiadi, N. L. E. I. (2016). Pengaruh Kinerja Lingkungan, Biaya Lingkungan, dan Luas Pengungkapan Corporate Social Responsibility Terhadap Kinerja Keuangan Perusahaan. Jurnal Akuntansi Profesi, 6(1), 21–25.
Situmorang, C. V., & Simanjuntak, A. (2019). Pengaruh Good Corporate Governance Terhadap Kinerja Keuangan Perusahaan Perbankan yang Terdaftar Di Bursa Efek Indonesia. JURNAL AKUNTANSI DAN BISNIS : Jurnal Program Studi Akuntansi, 5(2), 160. https://doi.org/10.31289/jab.v5i2.2694
