HERSUGONDO, Hersugondo (2024) "Artikel Dr. HERSUGONDO, SE, MM: The Role of Financial Performance in The Relationship Between Ownership on Corporate Value in Environment-Based Companies ". Accounting and Financial Review, 7 (3). pp. 401-410.

Text (Artikel) The Role of Financial Performance in The Relationship Between.pdf Download (633kB)

Abstract

The objective of this research was to examine the impact of Ownership Structure on
Corporate value, mediated by Financial performance, among 25 companies listed on
the SRI KEHATI Exchange during the period of 2018 to 2022. The data for this
study was collected from Bloomberg and official financial reports provided by the
Indonesia Stock Exchange (BEI) website. The data analysis in this research was
conducted using the Partial Least Squares (PLS) method. The results of the study
revealed that the ownership structure, represented by foreign ownership and public
ownership, did not exhibit a significant impact on corporate value. Nevertheless, it
was noteworthy that foreign ownership demonstrates a statistically significant and
positive influence on corporate value by means of the company's financial per
formance. On the other hand, public ownership exhibited a significant and negative
influence on corporate value through the financial performance of the company.
This indicated that the financial performance of the company fully mediates the
relationship between ownership structure and corporate value.

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