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The mediating role of board size and working capital management in corporate governance on firm performance

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  • معلومة اضافية
    • بيانات النشر:
      Istanbul Business Academy
    • الموضوع:
      2023
    • Collection:
      University of Malta: OAR@UM / L-Università ta' Malta
    • نبذة مختصرة :
      PURPOSE: This study aimed to test the relationship between corporate governance and firm performance, as well as the mediating role of board size and working capital management in the relationship. The sample in this study are manufacturing companies listed on the Indonesia Stock Exchange for the period of 2017-2021. ; METHODOLOGY: The panel regression method was used to analyse research data. In this study, corporate governance was proxied by independent commissioners and ownership structure, while firm performance was measured by ROA and ROE. Meanwhile, the mediating variable, board size was measured by the number of board of directors and working capital management was measured by average payment period. ; FINDINGS: The results showed that independent commissioners had a significant positive effect as measured by ROA and ROE. While ownership structure also had a significant positive effect as measured by ROA. In addition, working capital management was proven to have a partial mediating role in the relationship between independent commissioners and ROA. However, working capital management was not proven to have a mediating role in the relationship between ownership structure and firm performance, and board size was also not proven to have a mediating role. ; PRACTICAL IMPLICATIONS: This study helps companies understand the significance of corporate board structure and ownership in the effort of achieving a good corporate governance to maximize firm performance. ; ORIGINALITY/VALUE: This study contributes to studies on the effect of corporate governance on firm performance, where the novelty lies in working capital management and board size as mediating variables in the relationship between corporate governance and firm performance. ; peer-reviewed
    • Relation:
      Itan, I., & Angellina, B. (2023). The mediating role of board size and working capital management in corporate governance on firm performance. Journal of Accounting, Finance and Auditing Studies, 9(1), 172-198.; https://www.um.edu.mt/library/oar/handle/123456789/105890
    • الرقم المعرف:
      10.32602/jafas.2023.008
    • Rights:
      info:eu-repo/semantics/openAccess ; The copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder.
    • الرقم المعرف:
      edsbas.D1AC5093