PENGARUH GCG DAN IC TERHADAP KINERJA KEUANGAN PERUSAHAAN ENERGI DENGAN MODERASI UKURAN PERUSAHAAN PERIODE 2020-2024
Keywords:
Good Corporate Governance, Intellectual Capital, Kinerja Keuangan, Ukuran PerusahaanAbstract
Sektor energi memiliki peran strategis dalam perekonomian nasional, namun masih menghadapi tantangan terkait stabilitas kinerja keuangan dan penerapan tata kelola perusahaan. Fluktuasi kinerja perusahaan energi di Bursa Efek Indonesia menunjukkan pentingnya pengelolaan Good Corporate Governance dan Intellectual Capital secara optimal. Penelitian ini bertujuan menganalisis pengaruh Good Corporate Governance dan Intellectual Capital terhadap kinerja keuangan serta menguji peran ukuran perusahaan sebagai variabel moderasi pada perusahaan sektor energi periode 2020-2024. Sampel ditentukan melalui purposive sampling dengan total 38 perusahaan 190 data observasi. Metode penelitian menggunakan pendekatan kuantitatif dengan analisis regresi data panel dan regresi moderasi yang diolah menggunakan STATA 17. Hasil penelitian menunjukkan bahwa Good Corporate Governance tidak berpengaruh signifikan terhadap kinerja keuangan, sedangkan Intellectual Capital berpengaruh terhadap kinerja keuangan perusahaan sektor energi. Selain itu, ukuran perusahaan tidak mampu memoderasi pengaruh Good Corporate Governance maupun Intellectual Capital sebagai faktor kunci dalam meningkatkan kinerja.
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