Moderasi Sustainable Governance atas Pengaruh Governance Risk Management and Compliance, Enterprise Resource Planning, Growth Opportunity Terhadap Kinerja Perusahaan

Sugiyanto Sugiyanto, E Nurzaman, Rachmat Kartolo, Fitri Dwi Febrianti

Abstract


Enterprise Resource Planning Business opportunities in the modern era are rapidly evolving, with significant growth in Indonesia’s business sector. In this context, strong company performance is a crucial consideration. Sustainable Governance represents the continuity of corporate objectives, aiming to meet the expectations of both investors and stakeholders. This study aims to examine and analyze the moderating role of Sustainable Governance in the relationship between Governance, Risk Management, and Compliance (GRC), Enterprise Resource Planning (ERP), and Growth Opportunity on Company Performance (a study of financial sector companies listed on the Indonesia Stock Exchange during the period 2019–2024). This research is quantitative in nature. Samples were selected using purposive sampling based on predefined criteria. The methods used include descriptive statistical analysis, Chow test, Hausman test, and multiple Lagrange multiplier tests to determine the appropriate model. Further analyses involved classical assumption testing, panel data regression, and Moderated Regression Analysis (MRA). The study utilized 110 secondary data entries and was conducted using E-Views 12 software. The results indicate that the selected model is the Fixed Effect Model (FEM). Simultaneous hypothesis testing shows that Sustainable Governance, GRC, ERP, and Growth Opportunity collectively influence company performance. The t-test results reveal that GRC does not have a significant effect on company performance, while ERP has a significant positive effect. In contrast, Growth Opportunity does not significantly affect company performance. Moderation test results show that Sustainable Governance strengthens the relationship between GRC and company performance, while it weakens the relationship between ERP and company value.


Keywords


Sustainable Governance; Governance Risk Management and Complaince; (GRC) Enterprise Resource Planning; Growth Opportunity; Kinerja Perusahaan

Full Text:

PDF

References


Alijoyo, A. (2021, August 8). Integrated GRCusing ISO-Based Series of Standards and/or Guidelines

Febrianti, F. D., Sugiyanto, S., & Fitria, J. R. (2020). Green Intellectual Capital Conservatism Earning Management, To Future Stock Return As Moderating Stock Return (Study Of Mining Companies In Indonesia Listed On Idx For The Period Of 2014-2019). The Accounting Journal Of Binaniaga, 5(2), 141-154.

GRC Forum Indonesia. (2020). Panduan Mencapai Model Keunggulan Governance, Risk, and Compliance (GRC).

ISO. (2018). ISO 31000 - Risk management — Guidelines.

ISO. (2018). ISO Handbook The Integrated Use of Management System Standards (IUMSS).

ISO. (2020). ISO 37000/DIS - Guidance for the governance of organizations.

ISO. (2021). ISO 37301 - Compliance management systems — Requirements with guidance for use.

Jeni Irnawati, dkk (2023). Pengaruh Debt To Equity Ratio Dan Growth Opportunity Terhadap Nilai Perusahaan. Owner: Riset & Jurnal Akuntansi Volume 7 Nomor 1, Januari 2023.

Kartolo, R., & Sugiyanto, S. (2019). Effect Profitabilitas Dan Pajak Terhadap Keputusan Pendanaan Dengan Growth Sebagai Variabel Moderating.

Made Ratih Nurmalasari, dkk (2021). Pengaruh Agency Cost Terhadap Nilai Perusahaan Bumn Yang Terdaftar Di Bursa Efek Indonesia. Jurnal Ilmiah Manajemen dan Bisnis : Vol 6, No 2, Desember 2021.

Rafly Zidane, dkk (2022). Pengaruh Profitabilitas, Growth Opportunity, Capital Structure Dan Size Terhadap Nilai Perusahaan Real Estate Dan Property Yang Terdaftar Di Bei Tahun 2018- 2021. Jimat (Jurnal Ilmiah Mahasiswa Akuntansi) Universitas Pendidikan Ganesha, Vol : 13 No : 03 Tahun 2022.

Rebelo, M. F., Santos, G., & Silva, R. (2015). Integration of standardized management systems: a dilemma?. Systems, 3(2), 45-59.

Revo Dewantoro, dkk (2022). Pengaruh Good Corporate Governance Terhadap Kinerja Perusahaan Perbankan Yang Terdaftar Di Bursa Efek Indonesia. Jurnal Ilmu dan Riset Akuntansi : Volume 11, Nomor 1, Januari 2022.

Sugiyanto, S., Febrianti, F. D., & Suripto, S. (2020). Good Corporate Governance And Tax Avoidance To Cost Of Debt With Growth Opportunityas Moderating (Empirical Study On Manufacturing Company And Finance Service Listed In Idx 2015-2019). The Accounting Journal Of Binaniaga, 5(2), 123-140.

Sugiyanto, S., & Fitria, J. R. (2020, November). Effect Of Csr And Leverage To Tax Aggressiveness With Managerial Ownership As Moderating. In Proceedings International Seminar On Accounting Society (Vol. 2, No. 1, Pp. 58-65).

Sugiyanto, S. (2022). The effect of the audit opinion, financial distress, and good corporate governance on audit delay. Keberlanjutan : Jurnal Manajemen dan Jurnal Akuntansi, 7(1), 72-82

Sugiyanto, S., & Candra, A. (2019). Good Corporate Governance, Conservatism Accounting, Real Earnings Management, And Information Asymmetry On Share Return. Jiafe (Jurnal Ilmiah Akuntansi Fakultas Ekonomi), 4(1), 9-18

Sugiyono. 2018. Metode Penelitian Kuantitatif, Kualitatif, Dan R&D. Bandung:ALFABETA. Sugiyono. 2019. Metode Penelitian Kuantitatif, Kualitatif, Dan R&D. Bandung:ALFABETA

Sugiyono. 2021. Metode Penelitian Kuantitatif, Kualitatif, Dan R&D. 2nd ed. CV Alfbeta

Sugiyanto, S., Febrianti, F. D., & Suripto, S. (2020). Good Corporate Governance And Tax Avoidance To Cost Of Debt With Growth Opportunityas Moderating (Empirical Study On Manufacturing Company And Finance Service Listed In Idx 2015-2019). The Accounting Journal Of Binaniaga, 5(2), 123-140

Sugiyanto, S., & Candra, A. (2019). Good Corporate Governance, Conservatism Accounting, Real Earnings Management, And Information Asymmetry On Share Return. Jiafe (Jurnal Ilmiah Akuntansi Fakultas Ekonomi), 4(1), 9-18.

Sugiyanto, dkk (2018). Good Corporate Governance, Conservatism Accounting, Real Earnings Management, And Information Asymmetry On Share Return (JIAFE (Jurnal Ilmiah Akuntansi Fakultas Ekonomi) Vol. 4 No. 1, Juni 2018, Hal. 9-18

Sugiarto, T., Madu, L., & Subagyo, A. (2018). International Application Model Short-Long Term Between GDP and Consumption: Case Study Indonesia. Economics, 6(1), 81-90.

Sugiyanto, S., Supratikta, H., Maemunah, S., Masno, M., Saga, B., & Kartolo, R. (2024). The innovation of government risk management mitigation for disaster management in Indonesia. Journal of Law and Sustainable Development, 12(5), 14.

Sutihat, A. (2024). Pengaruh Growth Opportunity, Keputusan Investasi dan Kinerja Keuangan terhadap Nilai Perusahaan pada Perusahaan Healthcare yang Terdaftar di Bursa Efek Indonesia. Akademik Jurnal Mahasiswa Ekonomi & Bisnis, Vol 4, No. 1, Januari 2024.

Suwarti, T., dkk. (2020). Pengaruh Debt Covenant, Profitabilitas Dan Growth Opportunities Terhadap Konservatisme Akuntansi (Study Pada Perusahaan Manufaktur Yang Terdaftar Di Bei Tahun 2016-2018). Proceeding Sendiu 2020.

Tambun, S., & Sitorus, R. R. (2025). Pelatihan Olah Data Riset Akuntansi Berbasis Data Panel Dengan Software Stata Pada Model Penelitian Intervening dan Moderating di PDIE Konsentrasi Akuntansi Universitas Trisakti. Jurnal Pemberdayaan Nusantara, 5(1), 1-11.

Tyara Dwi Putri, (2020) Struktur Kepemilikan, Corporate Governance, Agency Cost, Dan Kinerja Perusahaan. Menara Ekonomi : Vol VI No. 1 – Oktober 2020.




DOI: https://doi.org/10.52447/map.v10i1.8284

Refbacks

  • There are currently no refbacks.


Copyrights of

Program Studi Akuntansi

Fakultas Ekonomi Bisnis & Ilmu Sosial

Universitas 17 Agustus 1945 Jakarta

 

ISSN (P) : 2355 - 9993

ISSN (E) : 2527 - 953X