Pengaruh Mekanisme Tata Kelola Perusahaan Terhadap Kinerja Keuangan Dengan Pengungkapan Manajemen Risiko Sebagai Pemoderasi
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Abstract
This study aims to analyze the effect of corporate governance mechanisms on financial performance with risk management disclosure as a moderating variable. The research population includes all consumer non-cyclical sector companies listed on the Indonesia Stock Exchange during the 2020–2024 period. The variables used in this study consist of financial performance as the dependent variable; the proportion of independent commissioners, managerial ownership, and audit committee as independent variables; and risk management disclosure as the moderating variable. The sampling technique employed is purposive sampling, resulting in 36 companies as the research sample. Data were analyzed using Descriptive Statistical Analysis, Classical Assumption Tests, Multiple Linear Regression Analysis, Moderated Regression Analysis (MRA), and Hypothesis Testing. The results show that, partially, managerial ownership has a positive effect on financial performance, while the proportion of independent commissioners and audit committee has no significant effect. Furthermore, risk management disclosure is not proven to moderate the relationship between corporate governance mechanisms and financial performance.
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References
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