首页    期刊浏览 2025年04月15日 星期二
登录注册

文章基本信息

  • 标题:The Mediating Role of Growth Opportunity in Good Corporate Governance-Stock Return Relationship
  • 本地全文:下载
  • 作者:Rakha Wardhana ; Bambang Tjahjadi ; Yani Permatasar
  • 期刊名称:Investment Management & Financial Innovations
  • 印刷版ISSN:1810-4967
  • 电子版ISSN:1812-9358
  • 出版年度:2017
  • 卷号:14
  • 期号:3
  • 页码:313-321
  • DOI:10.21511/imfi.14(3-2).2017.02
  • 语种:English
  • 出版社:LLC “Consulting Publishing Company “Business Perspectives”
  • 摘要:Improving the welfare of its owner or shareholder and maximize shareholder value through increased firm's value should be one of the goals in establishing a company.Consequently,it becomes essential for the company to continue to increase its value in order to retain the trust of its shareholders,for instance by conducting good corporate governance(GCG).On the other hand,from the owner's point of view,it is important to not only evaluate the corporate governance,but also to take a look at firm's growth opportunity,because it basically reflects the manage?ment's productivity.Studies related to the influence of corporate governance on stock return have been extensively done before.Similarly,this research is related to the influence of growth opportunity on stock return.However,it is still dif ficult to find studies that combine these three variables,therefore this study aims to know the influence of good corporate governance on stock return directly and indirectly through firm's growth opportunity by using sample data of 92 observa?tion Corporate Governance Perception index lists in Indonesia Stock Exchange for 2010–2014.The analysis method of this research is the quantitative approach by hypothesis testing through path analysis performed with SmartPLS 3.0.The direct hypothesis result showed that:(1)good corporate governance did not have a significant influence on firm's growth opportunity while;(2)it also had a negative influence and did not have a significant influence on stock return,and(3)firm's growth opportunity had a significant influence on stocks return.However,the in?direct hypothesis result showed that firm's growth opportunity could not mediate the relationship between good corporate governance and stock return.
  • 关键词:corporate governance;stock returns;growth opportunity
国家哲学社会科学文献中心版权所有