标题:The Influence of Corporate Governance and Capital Structure on Risk, Financial Performance and Firm Value: A Study on the Mining Company Listed in Indonesia Stock Exchange in 2009-2012
出版社:The International Institute for Science, Technology and Education (IISTE)
摘要:The unit of analysis in this study is mining companies listed in the Indonesia Stock Exchange. This unit data is represented by the audited company's financial statements and historical data of stock prices in Indonesia Stock Exchange. Financial statement data and historical data of the company's stock price used are from the year of 2009 to 2012. Companies sampled in the study only companies which meet the sampling criteria as many as 23 companies. We find corporate governance has no Influence on the risk. The better corporate governance will improve financial performance. The better corporate governance will increase the firm value. The higher risk will lower the financial performance, while capital structure has no influence on the risk. Capital structure has negative Influences to financial performance. Capital structure affect negatively to firm value. The better financial performance will improve the firm value.
关键词:corporate governance; capital structure; risk; financial performance; firm value