¹Anggun Anggraini, ²Holiawati, ³Endang Ruhiyat

^1,2,3Pamulang University

DOI : https://doi.org/10.58806/ijsshmr.2024.v3i5n08

Google Scholar Download Pdf
ABSTRACT

This study aims to test and analyze company complexity moderates the relationship between good corporate governance and green intellectual capital with sustainability performance in industrial companies listed on the Indonesia Stock Exchange, for the period 2017 to 2021. This type of research is quantitative research using secondary data. The data analysis method is panel data regression test using Microsoft Excel and Eviews 9 applications. The population in this study is all industrial companies listed on the Indonesia Stock Exchange in the period 2017 to 2021. The data collection technique in this study was purposive sampling technique, with the results of 50 research populations in 30 research samples processed in this study. The results showed that company complexity moderates the relationship between good corporate governance and green intellectual capital, simultaneously with sustainability performance in industrial firms from 2017 to 2021. While partially, good corporate governance has a positive effect on sustainability performance, green intellectual capital has a positive effect on sustainability performance, company complexity strengthens the relationship between good corporate governance and sustainability performance, company complexity weakens the relationship between green intellectual capital and sustainability performance.

KEYWORDS:

Good corporate governance; Green intellectual capital; Company Complexity; Sustainability performance

REFERENCES

1) Fajriyanti, N. (2021). Pengaruh Diversifikasi, Tata Kelola Perusahaan, dan Modal Intelektual terhadap Kinerja Keberlanjutan dengan Kinerja Keuangan sebagai Mediasi (Studi pada Perbankan Syariah di Indonesia) (Doctoral dissertation, Universitas Brawijaya).

2) Epstein, M. J., & Roy, M. J. (2003). Making the business case for sustainability: linking social and environmental actions to financial performance. Journal of Corporate Citizenship, (9), 79-96.

3) Holiawati, Murwaningsari, Mayangsari (2020). Risk Management, Corporate Governance And Corporate Sustainability Performance South East Asia Journal of Contemporary Business, Economics and Law, Vol. 21, Issue 5 (April) ISSN 2289-1560 South East Asia.

4) Hanifah, & Rohman. (2018). Peran Sustaibility Report Sebgai Atesenden Terhadap Manajemen Laba dan Pengaruhnya pada Cost of Equity.

5) Ulum, Ihyaul. (2017). Intellectual Capital: Model Pengukuran, Framework Pengukuran, dan Kinerja Organisasi. UMM Press. Malang.

6) Moeljadi, S., Aisjah, S., & Djawahir, A. H. (2021). Pengaruh Permodalan, Risiko Likuiditas, Tata Kelola Perusahaan Terhadap Kinerja Keuangan Dimediasi oleh Pertumbuhan Kredit (Studi Bank Umum Konvensional di Bursa Efek Indonesia) (Doctoral dissertation, Universitas Brawijaya).

7) Siswanti,I., Salim, U., Sukoharsono, E.G., dan Aisjah, S. (2017). Sustainable Business of Islamic Bank through on the Islamic Corporate Governance and Islamic Financial Performance. ISSN 0128-3103. Journal of Finance and Banking Review.

8) Aras, G., & Crowther, D. (2008). Governance and sustainability: An investigation into the relationship between corporate governance and corporate sustainability. Management Decision.

9) Puspitasari, R., Anggraini, A., & Jatiningrum, C. (2023). Pengaruh Penerapan Financial Leverage, Good Corporate Governance dan Corporate Social Responsibility Terhadap Nilai Perusahaan. eCo-Fin, 5(2), 119-127.

10) Yusliza, M., Yong, J. Y., Tanveer, M. I., Ramayah, T., Juhari, N. F., & Muhammad, Z. (2019). A structural model of the impact of green intellectual capital on sustainable performance. Journal of Cleaner Production, 119334. https://doi.org/10.1016/j.jclepro.2019.119334

11) Wang, C. H., & Juo, W. J. (2021). An environmental policy of green intellectual capital: Green innovation strategy for performance sustainability. Business Strategy and the Environment, 30(7), 3241-3254.

12) Rukmana, M., Konde, Y.T., dan Setiawaty, A., (2017), “Pengaruh Risiko Litigasi, Corporate Governance, Karakteristik Perusahaan, dan Karakteristik Auditor Terhadap Audit Fee pada Perusahaan yang Terdaftar di BEI”, Simposium Nasional Akuntansi 20.

13) S, D. P., Yuliandari, W. S., & Yudowati, S. P. (2017). Pengaruh leverage, kompleksitas operasi perusahaan, reputasi auditor dan laba/rugi operasi perusahaan terhadap audit delay (studi pada perusahaan perdagangan, jasa dan investasi yang terdaftar di Bursa Efek Indonesia tahun 2013- 2015). Majalah Ilmiah UNIKOM, 15(2), 179– 188. https://doi.org/10.34010/miu.v15i2.557

14) Jensen, Michael C. dan W.H. Meckling. (1976). Theory of The Firm: Managerial Behavior, Agency Cost and Ownership Structure. Journal of Financial Economics3. hal. 305-360.

15) Ulum, Ihyaul. (2017). Intellectual Capital: Model Pengukuran, Framework Pengukuran, dan Kinerja Organisasi. UMM Press. Malang.

16) Josephine, K., Ciptadi, B. A., & Aloysius, J. (2020). Pengaruh Green Intellectual Capital Terhadap Business Sustainability. Jurnal Manajemen Strategi dan Aplikasi Bisnis, 3(2), 117-128

17) Trihandayani, P. (2016). PENGARUH GOOD CORPORATE GOVERNANCE TERHADAP STRUKTUR MODAL PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA (Doctoral dissertation, Universitas Mercu Buana).

18) Chen, Y. S. (2008). The Positive Effect of Green Intellectual Capital on Competitive Advantages of Firms. Journal of Business Ethics, 77(3), 271-286.

19) Mappamiring, M. (2015). STRATEGI DIVERSIFIKASI DAN KOMITMEN TATAKELOLA PERUSAHAAN BERDASARKAN KINERJA DAN KEBERLANJUTAN PADA PERBANKAN SYARIAH DI KOTA MAKASSAR. Jurnal Manajemen, 19(3), 387-397.

20) M. Eisenhardt, Kathleen; McKelvey, Bill (2011). Complexity Theory and Corporate Strategy, from book - The SAGE Handbook of Complexity and Management edited by Peter Allen, Steve Maguire, Bill McKelvey. SAGE.

21) Cristansy, J., & Ardiati, A. Y. (2018). Pengaruh kompleksitas perusahaan, ukuran perusahaan, dan ukuran kap terhadap fee audit pada perusahaan manufaktur yang terdaftar di bei tahun 2012-2016. Modus, 30(2), 198-211.

22) Garniwa, G. R. (2016). Pengaruh Modal Intelektual dan Pengungkapan Modal Intelektual Terhadap Nilai Perusahaan dengan Kinerja Keuangan Sebagai Variabel Intervening (Suatu Studi Pada Perusahaan Jasa Sektor Keuangan Sub Sektor Bank yang Terdaftar di Bursa Efek Indonesia periode 2011-2015) (Doctoral dissertation, Fakultas Ekonomi dan Bisnis Unpas Bandung).

23) Sugiyono (2019). Statistika Untuk Penelitian. Bandung : Cv Alfabeta.

24) Kaplan, R. S., & Norton, D. B. (1996). Translating strategic into action-The balanced scorecard, Harvard Business school Press, Boston, Massachusetts.

25) Hery (2016). Balanced Scorecard For Business. Jakarta : Grasindo.

26) Indonesia, R. (2015). Surat Edaran Otoritas Jasa Keuangan Nomor 32. SEOJK. 04/2015 tentang Pedoman Tata Kelola Perusahaan Terbuka.

27) Chen, Ping Chuan and Shiu Wan Hung, 2014. Collaborative green innovation in emerging countries: a social capital perspective. International Journal of Operations & Production Management. Vol. 34 No.3.

28) Kusumastuti, A., Khoiron, A. M., & Achmadi, T. A. (2020). Metode Penelitian Kuantitatif. Deepublish

VOlUME 03 ISSUE 05 MAY 2024