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PENGARUH CORPORATE GOVERNANCE DAN COMPETITIVE ADVANTAGE TERHADAP FIRM VALUE Studi pada Perusahaan Infrastruktur yang Terdaftar di BEI Periode 2017-2022

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RINGKASAN

Suroto, Program Magister Administrasi Bisnis Universitas Brawijaya, 2021.
“Pengaruh Corporate Governance dan Competitive Advantage terhadap Firm
Value (Studi pada Perusahaan Infrastruktur yang Terdaftar di BEI Periode 2017-
2022)” Dosen Pembimbing Utama: Nila Firdausi Nuzula, S.Sos., M.Si., Ph.D;
Anggota: Saparila Worokinasih, S.Sos., M.Si., Ph.D.

Penelitian ini bertujuan untuk mengetahui pengaruh corporate governance
terhadap firm value, pengaruh corporate governance terhadap competitive
advantage, dan pengaruh competitive advantage terhadap firm value dengan
menggunakan agency theory, resource based view theory (RBV) dan market
orientation theory. Dalam penelitian ini menggunakan pendekatan kuantitatif
dengan metode analisis partial least square (PLS). Populasi dari 65 perusahaan
sektor Infrastruktur yang terdaftar di Bursa Efek Indonesia (BEI) periode 2017-
2022. Kemudian peneliti menentukan 30 sampel perusahaan meggunakan
purposive sampling sesuai kriteria. Corporate governance diukur dengan indikator
board size, board independence, board diversity, managerial ownership dan audit
committee. Sedangkan competitive advantage diukur dengan menggunakan
economies of scale (EoS), capital requirements (CR), power over suppliers (PoS),
power over customers (PoC) dan credibility of expected threat of retalation (CETR).
Kemudian firm value diukur dengan indikator earnings per shares (EPS), price
earnings ratio (PER), market book value (MBV) dan Tobin’s Q. Hasil penelitian
menunjukkan bahwa corporate governance berpengaruh signifikan dan positif
terhadap firm value dengan nilai p-value sebesar 0,043 dan path coefficient
sebesar 0,125. Kemudian corporate governance berpengaruh tidak signifikan dan
negatif terhadap competitive advantage dengan nilai p-value sebesar 0,093 dan
path coefficient sebesar -0,097. Selanjutnya, competitive advantage berpengaruh
signifikan dan negatif terhadap firm value dengan nilai p-value sebesar 0,008 dan
path coefficient sebesar -0,175.

Kata Kunci : Corporate Governance, Competitive Advantage dan Firm Value

SUMMARY

Suroto, Master's Program in Business Administration, Universitas Brawijaya,
2021. "The Influence of Corporate Governance and Competitive Advantage on
Firm Value (A Study on Infrastructure Companies Listed on the Indonesia Stock
Exchange for the Period 2017-2022)." Principal Supervisor: Nila Firdausi Nuzula,
S.Sos., M.Si., Ph.D.; Member: Saparila Worokinasih, S.Sos., M.Si., Ph.D.
This study aims to determine the effect of corporate governance on firm
value, the effect of corporate governance on competitive advantage, and the effect
of competitive advantage on firm value by using agency theory, resource-based
view theory (RBV), and market orientation theory. This research uses a quantitative
approach with the partial least square (PLS) analysis method. The population
consists of 65 companies in the Infrastructure sector listed on the Indonesia Stock
Exchange (IDX) for the period 2017-2022. The researcher then determined a
sample of 30 companies using purposive sampling according to specific criteria.
Corporate governance is measured using the indicators of board size, board
independence, board diversity, managerial ownership, and audit committee.
Meanwhile, competitive advantage is measured using economies of scale (EoS),
capital requirements (CR), power over suppliers (PoS), power over customers
(PoC), and credibility of expected threat of retaliation (CETR). Firm value is
measured using the indicators of earnings per share (EPS), price earnings ratio
(PER), market book value (MBV), and Tobin's Q (TQ). The results of the study
indicate that corporate governance has a significant and positive effect on firm
value with a p-value of 0.043 and a path coefficient of 0.125. Furthermore,
corporate governance has an insignificant and negative effect on competitive
advantage with a p-value of 0.093 and a path coefficient of -0.097. Additionally,
competitive advantage has a significant and negative effect on firm value with a pvalue of 0.008 and a path coefficient of -0.175.

Keyword: Corporate Governance, Competitive Advantage and Firm Value

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Ketersediaan

2024316

TES 338,95 SUR p 2024 K1

Fadel Muhammad Resource Center (Ilmu Sosial)

Tersedia namun tidak untuk dipinjamkan - No Loan

Informasi Detail

Judul Seri

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No. Panggil

TES 338,95 SUR p 2024 K1

Penerbit

Malang : Program Magister Ilmu Administrasi Bisnis Fakultas Ilmu Administrasi Universitas Brawijaya Malang., 2024

Deskripsi Fisik

xx, 214 Halaman ; Ilus : 29,5 cm

Bahasa

Indonesia

ISBN/ISSN

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Klasifikasi

338,95

Tipe Isi

text

Tipe Media

-

Tipe Pembawa

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Edisi

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Subjek

Corporate Governance
Tesis / Thesis
Competitive Advantage dan Firm Value
Competitive Advantage and Firm Value

Info Detail Spesifik

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Pernyataan Tanggungjawab

Suroto

Versi lain/terkait

Lampiran Berkas

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