HUBUNGAN UMUR PERUSAHAAN DAN KINERJA YANG DIHASILKAN, SERTA TATA KELOLA PERUSAHAAN SEBAGAI EFEK MODERASI

Cahyo Radityo, Bandi Bandi

Abstract


Penelitan ini bertujuan untuk mengetahui efek dari umur perusahaan pada kinerja perusahaan yang diukur melalui kinerja keuangan dan kinerja lingkungan, dan efek moderasi Sistem Pengendalian Manajemen melalui praktek Tata Kelola Perusahaan yang Baik (GCG). Peneliti menggunakan model Kerangka Kerja Analitik untuk menguji efek Moderator berdasarkan Kerangka dari Ciri Moderator sebagai Variabel. Data dari penelitian menggunakan Laporan Tahunan dan Laporan berkelanjutan dari 31 BUMN dan 59 Perusahaan Swasta di Indonesia selama tahun 2018-2022. Hasil penelitian menunjukkan tidak ada pengaruh hubungan yang signifikan antara Umur Perusahaan baik dengan Kinerja Keuangan maupun Kinerja Lingkungan, serta GCG tidak mampu memoderasi atas hubungan tersebut. Hasil bukti empiris ini menunjukkan bahwa penelitian atas umur perusahaan dan kinerja perusahaan masih memberikan hasil-hasil yang berlawanan apabila dilihat dari penelitian yang lain, sehingga penelitian lanjutan sangat disarankan untuk dilakukan. Penelitian tersebut dapat berupa penambahan variabel lain seperti pengaruh dewan direksi yang berhubungan dengan pemilik atau mengganti alat ukur dengan indikator lain seperti mengukur kinerja lingkungan dengan menggunakan indikator ESG yang dapat dilakukan di negara lain.

 

Kata Kunci: Umur Perusahaan, Kinerja Keuangan, Kinerja Lingkungan, GCG


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