Corporate governance literature review there is a financial performance perspective
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Published:
Aug 30, 2023
Keywords:
financial performance;, good corporate governance;, literature study
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Expert System
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Abstract
The purpose of this research is to identify the factors that influence good corporate governance (GCG). GCG is a representation of the relationship between parties that influence the direction of the company and financial performance. Basically, to understand how much influence GCG has on company performance, we need to apply agency theory. This study will use a literature review methodology to examine and explore documents related to GCG, particularly the impact of GCG on financial performance. The data used in this study is second party data. GCG implementation should have a positive impact on company performance, but in practice, many companies did not implement GCG. Most companies only implement government regulations without studying the role and function of GCG itself. The urgency of this research is to implement GCG on company performance by implementing it and studying the role and function of GCG itself
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Ginanjar, Y. and Setiawan, A. (2023) “Corporate governance literature review there is a financial performance perspective”, Jurnal Mantik, 7(2), pp. 1035-1042. doi: 10.35335/mantik.v7i2.3728.
References
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Faninda, S., &; Setiawan, A. (2022). Integrated Report and Investment Decisions of Individual Investors. Journal of Accounting and Finance Research, 10(2), 255–270. https://doi.org/10.17509/jrak.v10i2.37097
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Ginanjar, Y., &; Syamsul, E. M. (2020). The Role of Internal Auditors in Fraud Detection and Prevention at Sharia Banks in Bandung City. Scientific Journal of Islamic Economics, 6(3), 529. https://doi.org/10.29040/jiei.v6i3.1392
Habib, A., & Hasan, M. M. (2019). Corporate life cycle research in accounting, finance and corporate governance: A survey, and directions for future research. International Review of Financial Analysis, 61, 188–201. https://doi.org/10.1016/j.irfa.2018.12.004
Hamka, F., Patra, I. K., &; Jasman, J. (2019). THE EFFECT OF THE IMPLEMENTATION OF GOOD CORPORATE GOVERNANCE ON FINANCIAL PERFORMANCE (Case Study at PT. Unilever Indonesia Period 2010-2017). Journal of Management of STIE Muhammadiyah Palopo, 4(1). https://doi.org/10.35906/jm001.v4i1.298
Inka Novitasari, I Dewa Made Endiana, &; Putu Edy Arizona. (2020). THE EFFECT OF GOOD CORPORATE GOVERNANCE MECHANISM ON THE FINANCIAL PERFORMANCE OF BANKING COMPANIES LISTED ON THE IDX. JIAFE (Scientific Journal of Accounting Faculty of Economics), 5(2), 209–218.
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Musfiqur Rahman, M., & Musfiqur Rahman Naima Khatun, M. (2017). Quality of Corporate Governance: A Review from the Literature Quality of Risk Reporting and its Determinants: Empirical Evidence From Listed Banks of Bangladesh View project The efficiency of corporate governance on firm performance: an empirical study from listed manufacturing firms in Bangladesh View project Quality of Corporate Governance: A Review from the Literature. Naima Khatun / Journal of Asian Finance, 4, 59–66. https://doi.org/10.13106/jafeb.2017.vol4.no1.59
Oehmichen, J. (2018). East meets west—Corporate governance in Asian emerging markets: A literature review and research agenda. International Business Review, 27(2), 465–480. https://doi.org/10.1016/j.ibusrev.2017.09.013
Pande., M. Y. I. S., Ni, P. R., & Gst, A. I. S. R. (2019). The Effect of Good Corporate Governance on Company Financial Performance in Manufacturing Companies Listed on the IDX in 2015-2017. Journal of Accounting Research, 9(2), 48–55. https://e-journal.unmas.ac.id/index.php/juara/article/view/603%0A%0A
Rusydi, A. R., Palutturi, S., Noor, N. B., & Pasinringi, S. A. (2020). The implementation of good corporate governance (GCG) at public hospital in Indonesia: A literature review. Enfermería Clínica, 30, 145–148. https://doi.org/10.1016/j.enfcli.2019.10.057
Setiawan, O., &; Setiadi, I. (2020). The Effect of Good Corporate Governance on Financial Performance in the Consumer Goods Sector on the IDX. Compartment: Scientific Journal of Accounting, 18(1). https://doi.org/10.30595/kompartemen.v18i1.6606
Siswanto, F., Kertanegara, I. W. A., Kevin, K., Ningsih, R., &; Meiden, C. (2022). LITERATURE REVIEW: THE EFFECT OF CORPORATE GOVERNANCE ON FINANCIAL PERFORMANCE. El Muhasaba Journal of Accounting, 13(1), 47–60. https://doi.org/10.18860/em.v13i1.14033
Situmorang, C. V., &; Simanjuntak, A. (2019). THE EFFECT OF GOOD CORPORATE GOVERNANCE ON THE FINANCIAL PERFORMANCE OF BANKING COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE. JOURNAL OF ACCOUNTING AND BUSINESS : Journal of Accounting Study Program, 5(2), 160. https://doi.org/10.31289/jab.v5i2.2694
Velte, P. (2017). The link between audit committees, corporate governance quality and firm performance: A literature review. Corporate Ownership and Control, 14(4), 15–31. https://doi.org/10.22495/cocv14i4art2
Wirawan, S., Djajadikerta, H., & Setiawan, A. (2021). Implementation of Internal Control in 13 MSMEs in Bandung. Journal of Business Administration, 10(1), 33–44. https://doi.org/10.14710/jab.v10i1.34009
Ayu Retno Wahyuni, Salim Basalamah, &; Mursalim. (2020). Analysis of the Implementation of Good Corporate Governance (GCG) at Bank Sulselbar Syariah. Journal of Economics, 4, 60–69. http://journal.lldikti9.id/Ekonomika/article/view/504
Babar, Md., & Habib, A. (2021). Product market competition in accounting, finance, and corporate governance: A review of the literature. International Review of Financial Analysis, 73, 101607. https://doi.org/10.1016/j.irfa.2020.101607
Bagus Setyo Laksono, & Rohmawati Kusumaningtias. (2021). The Effect of Good Corporate Governance on Financial Performance and Company Value in Various Industry Sectors in 2016-2018. Unesa Journal of Accountancy, 9(2), 1–12. https://journal.unesa.ac.id/index.php/akunesa/article/view/11123
Diyanty, M., &; Yusniar, M. W. (2019). THE EFFECT OF GOOD CORPORATE GOVERNANCE MECHANISM ON FINANCIAL PERFORMANCE IN BANKS LISTED ON THE INDONESIA STOCK EXCHANGE (IDX). JWM (Journal of Management Insights), 7(1), 49. https://doi.org/10.20527/jwm.v7i1.175
Faninda, S., &; Setiawan, A. (2022). Integrated Report and Investment Decisions of Individual Investors. Journal of Accounting and Finance Research, 10(2), 255–270. https://doi.org/10.17509/jrak.v10i2.37097
Fenny Marietza, Indah Oktari Wijayanti, &; Melati Agusrina. (2020). THE EFFECT OF GOOD CORPORATE GOVERNANCE AND REPORTING LAG ON THE COMPANY'S FINANCIAL PERFORMANCE. Journal of Applied Research in Accounting, 4(2), 109–129. https://jurnal.polsri.ac.id/index.php/jrtap/article/view/1985
Ginanjar, Y., Rahmayani, M. W., &; Riyadi, W. (2019). Identification of Factors Causing Audit Rate Delay on Indonesia Stock Exchange. Journal of Accounting Studies, 3(2), 210. https://doi.org/10.33603/jka.v3i2.2628
Ginanjar, Y., &; Syamsul, E. M. (2020). The Role of Internal Auditors in Fraud Detection and Prevention at Sharia Banks in Bandung City. Scientific Journal of Islamic Economics, 6(3), 529. https://doi.org/10.29040/jiei.v6i3.1392
Habib, A., & Hasan, M. M. (2019). Corporate life cycle research in accounting, finance and corporate governance: A survey, and directions for future research. International Review of Financial Analysis, 61, 188–201. https://doi.org/10.1016/j.irfa.2018.12.004
Hamka, F., Patra, I. K., &; Jasman, J. (2019). THE EFFECT OF THE IMPLEMENTATION OF GOOD CORPORATE GOVERNANCE ON FINANCIAL PERFORMANCE (Case Study at PT. Unilever Indonesia Period 2010-2017). Journal of Management of STIE Muhammadiyah Palopo, 4(1). https://doi.org/10.35906/jm001.v4i1.298
Inka Novitasari, I Dewa Made Endiana, &; Putu Edy Arizona. (2020). THE EFFECT OF GOOD CORPORATE GOVERNANCE MECHANISM ON THE FINANCIAL PERFORMANCE OF BANKING COMPANIES LISTED ON THE IDX. JIAFE (Scientific Journal of Accounting Faculty of Economics), 5(2), 209–218.
Islamiah, M. (2020). THE EFFECT OF GOOD CORPORATE GOVERNANCE ON FINANCIAL PERFORMANCE AT PT. MATAHARI DEPARTMENT STORE Tbk. Journal of Economic Balance, 16(1), 59–67. https://doi.org/10.26618/jeb.v16i1.3467
Khan, B., Nijhof, A., Diepeveen, R. A., & Melis, D. A. M. (2018). Does good corporate governance lead to better firm performance? Strategic lessons from a structured literature review. Corporate Ownership and Control, 15(4), 73–85. https://doi.org/10.22495/cocv15i4art7
Kovermann, J., & Velte, P. (2019). The impact of corporate governance on corporate tax avoidance—A literature review. Journal of International Accounting, Auditing and Taxation, 36, 100270. https://doi.org/10.1016/j.intaccaudtax.2019.100270
Michelberger, K. (2021). Corporate Governance Effects on Firm Performance: a Literature Review. Regional Formation and Development Studies, 84–95. https://doi.org/10.15181/rfds.v20i3.1346
Musfiqur Rahman, M., & Musfiqur Rahman Naima Khatun, M. (2017). Quality of Corporate Governance: A Review from the Literature Quality of Risk Reporting and its Determinants: Empirical Evidence From Listed Banks of Bangladesh View project The efficiency of corporate governance on firm performance: an empirical study from listed manufacturing firms in Bangladesh View project Quality of Corporate Governance: A Review from the Literature. Naima Khatun / Journal of Asian Finance, 4, 59–66. https://doi.org/10.13106/jafeb.2017.vol4.no1.59
Oehmichen, J. (2018). East meets west—Corporate governance in Asian emerging markets: A literature review and research agenda. International Business Review, 27(2), 465–480. https://doi.org/10.1016/j.ibusrev.2017.09.013
Pande., M. Y. I. S., Ni, P. R., & Gst, A. I. S. R. (2019). The Effect of Good Corporate Governance on Company Financial Performance in Manufacturing Companies Listed on the IDX in 2015-2017. Journal of Accounting Research, 9(2), 48–55. https://e-journal.unmas.ac.id/index.php/juara/article/view/603%0A%0A
Rusydi, A. R., Palutturi, S., Noor, N. B., & Pasinringi, S. A. (2020). The implementation of good corporate governance (GCG) at public hospital in Indonesia: A literature review. Enfermería Clínica, 30, 145–148. https://doi.org/10.1016/j.enfcli.2019.10.057
Setiawan, O., &; Setiadi, I. (2020). The Effect of Good Corporate Governance on Financial Performance in the Consumer Goods Sector on the IDX. Compartment: Scientific Journal of Accounting, 18(1). https://doi.org/10.30595/kompartemen.v18i1.6606
Siswanto, F., Kertanegara, I. W. A., Kevin, K., Ningsih, R., &; Meiden, C. (2022). LITERATURE REVIEW: THE EFFECT OF CORPORATE GOVERNANCE ON FINANCIAL PERFORMANCE. El Muhasaba Journal of Accounting, 13(1), 47–60. https://doi.org/10.18860/em.v13i1.14033
Situmorang, C. V., &; Simanjuntak, A. (2019). THE EFFECT OF GOOD CORPORATE GOVERNANCE ON THE FINANCIAL PERFORMANCE OF BANKING COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE. JOURNAL OF ACCOUNTING AND BUSINESS : Journal of Accounting Study Program, 5(2), 160. https://doi.org/10.31289/jab.v5i2.2694
Velte, P. (2017). The link between audit committees, corporate governance quality and firm performance: A literature review. Corporate Ownership and Control, 14(4), 15–31. https://doi.org/10.22495/cocv14i4art2
Wirawan, S., Djajadikerta, H., & Setiawan, A. (2021). Implementation of Internal Control in 13 MSMEs in Bandung. Journal of Business Administration, 10(1), 33–44. https://doi.org/10.14710/jab.v10i1.34009
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