{"id":"https://openalex.org/W7225178405","doi":"https://doi.org/10.65246/goodwill.v62.764","title":"The Effect of Good Corporate Governance and Corporate Social Responsibility on Firm Value with Financial Performance as an Intervening Variable","display_name":"The Effect of Good Corporate Governance and Corporate Social Responsibility on Firm Value with Financial Performance as an Intervening Variable","publication_year":2026,"publication_date":"2026-10-31","ids":{"openalex":"https://openalex.org/W7225178405","doi":"https://doi.org/10.65246/goodwill.v62.764"},"language":"en","primary_location":{"id":"pmh:oai:ojs2.jurnal.amertainstitute.com:article/764","doi":"https://doi.org/10.65246/goodwill.v62.764","is_oa":true,"landing_page_url":"https://jurnal.amertainstitute.com/index.php/GoodWill/article/view/764","pdf_url":"https://jurnal.amertainstitute.com/index.php/GoodWill/article/download/764/868","source":{"id":"https://openalex.org/S5407054382","display_name":"GoodWill Journal of Economics Management and Accounting","issn_l":"3063-8194","issn":["3063-8194","3063-9840"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"3063-9840","raw_type":"info:eu-repo/semantics/article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://jurnal.amertainstitute.com/index.php/GoodWill/article/download/764/868","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5160400923","display_name":"Fabiola Nurani Munandar","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I4405275099","display_name":"Sekolah Tinggi Ilmu Ekonomi Makassar Bongaya","ror":"https://ror.org/02zf7dx27","country_code":"ID","type":"education","lineage":["https://openalex.org/I4405275099"]}],"countries":["ID"],"is_corresponding":false,"raw_author_name":"Fabiola Nurani Munandar","raw_affiliation_strings":["Master of Accounting Graduate Program, Sekolah Tinggi Ilmu Ekonomi Makassar Bongaya, Makassar, Indonesia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Master of Accounting Graduate Program, Sekolah Tinggi Ilmu Ekonomi Makassar Bongaya, Makassar, Indonesia","institution_ids":["https://openalex.org/I4405275099"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5062014170","display_name":"Jannati Tangngisalu","orcid":"https://orcid.org/0009-0005-4398-8404","observed_orcids":["https://orcid.org/0009-0005-4398-8404"]},"institutions":[{"id":"https://openalex.org/I4405275099","display_name":"Sekolah Tinggi Ilmu Ekonomi Makassar Bongaya","ror":"https://ror.org/02zf7dx27","country_code":"ID","type":"education","lineage":["https://openalex.org/I4405275099"]}],"countries":["ID"],"is_corresponding":false,"raw_author_name":"Jannati Tangngisalu","raw_affiliation_strings":["Departement of Management, Sekolah Tinggi Ilmu Ekonomi Makassar Bongaya, Makassar, Indonesia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Departement of Management, Sekolah Tinggi Ilmu Ekonomi Makassar Bongaya, Makassar, Indonesia","institution_ids":["https://openalex.org/I4405275099"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5026956599","display_name":"Asbi Amin","orcid":"https://orcid.org/0000-0001-6064-173X","observed_orcids":["https://orcid.org/0000-0001-6064-173X"]},"institutions":[{"id":"https://openalex.org/I4405275099","display_name":"Sekolah Tinggi Ilmu Ekonomi Makassar Bongaya","ror":"https://ror.org/02zf7dx27","country_code":"ID","type":"education","lineage":["https://openalex.org/I4405275099"]}],"countries":["ID"],"is_corresponding":false,"raw_author_name":"Asbi Amin","raw_affiliation_strings":["Departement of Accounting, Sekolah Tinggi Ilmu Ekonomi Makassar Bongaya, Makassar, Indonesia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Departement of Accounting, Sekolah Tinggi Ilmu Ekonomi Makassar Bongaya, Makassar, Indonesia","institution_ids":["https://openalex.org/I4405275099"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I4405275099"],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":true,"cited_by_count":0,"citation_normalized_percentile":{"value":0.0,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T13957","display_name":"Corporate Governance and Financial Management","score":0.9922000169754028,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T13957","display_name":"Corporate Governance and Financial Management","score":0.9922000169754028,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10115","display_name":"Corporate Social Responsibility Reporting","score":0.006399999838322401,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.0005000000237487257,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/good-corporate-governance","display_name":"good corporate governance","score":0.9869999885559082},{"id":"https://openalex.org/keywords/corporate-social-responsibility","display_name":"corporate social responsibility","score":1.0},{"id":"https://openalex.org/keywords/firm-value","display_name":"firm value","score":1.0},{"id":"https://openalex.org/keywords/financial-performance","display_name":"financial performance","score":0.9990000128746033},{"id":"https://openalex.org/keywords/mediating-effect-of-financial-performance","display_name":"mediating effect of financial performance","score":0.8769999742507935},{"id":"https://openalex.org/keywords/mining-companies","display_name":"mining companies","score":0.9959999918937683},{"id":"https://openalex.org/keywords/indonesia-stock-exchange","display_name":"Indonesia Stock Exchange","score":0.9380000233650208},{"id":"https://openalex.org/keywords/sustainable-value-creation","display_name":"sustainable value creation","score":0.9210000038146973}],"concepts":[{"id":"https://openalex.org/C141261163","wikidata":"https://www.wikidata.org/wiki/Q218600","display_name":"Corporate social responsibility","level":2,"score":0.7497000098228455},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.7405999898910522},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6539000272750854},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.6194999814033508},{"id":"https://openalex.org/C23032112","wikidata":"https://www.wikidata.org/wiki/Q1344727","display_name":"Enterprise value","level":2,"score":0.5965999960899353},{"id":"https://openalex.org/C100363876","wikidata":"https://www.wikidata.org/wiki/Q690661","display_name":"Nonprobability sampling","level":3,"score":0.5778999924659729},{"id":"https://openalex.org/C200870193","wikidata":"https://www.wikidata.org/wiki/Q11691","display_name":"Stock exchange","level":2,"score":0.5116999745368958},{"id":"https://openalex.org/C82793941","wikidata":"https://www.wikidata.org/wiki/Q1046024","display_name":"Path analysis (statistics)","level":2,"score":0.49380001425743103},{"id":"https://openalex.org/C6422946","wikidata":"https://www.wikidata.org/wiki/Q857354","display_name":"Panel data","level":2,"score":0.4925000071525574},{"id":"https://openalex.org/C2908647359","wikidata":"https://www.wikidata.org/wiki/Q2625603","display_name":"Population","level":2,"score":0.49000000953674316},{"id":"https://openalex.org/C2776291640","wikidata":"https://www.wikidata.org/wiki/Q2912517","display_name":"Value (mathematics)","level":2,"score":0.48350000381469727},{"id":"https://openalex.org/C147598955","wikidata":"https://www.wikidata.org/wiki/Q3427818","display_name":"Social responsibility","level":2,"score":0.4458000063896179},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3806000053882599},{"id":"https://openalex.org/C2780526558","wikidata":"https://www.wikidata.org/wiki/Q1345314","display_name":"Good governance","level":3,"score":0.3418000042438507},{"id":"https://openalex.org/C120757647","wikidata":"https://www.wikidata.org/wiki/Q381136","display_name":"Shareholder","level":3,"score":0.3197999894618988},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.2994999885559082},{"id":"https://openalex.org/C27574286","wikidata":"https://www.wikidata.org/wiki/Q320723","display_name":"Variables","level":2,"score":0.29660001397132874},{"id":"https://openalex.org/C93225998","wikidata":"https://www.wikidata.org/wiki/Q1941972","display_name":"Moderation","level":2,"score":0.2962999939918518},{"id":"https://openalex.org/C66204764","wikidata":"https://www.wikidata.org/wiki/Q219416","display_name":"Sustainability","level":2,"score":0.2879999876022339},{"id":"https://openalex.org/C2777483948","wikidata":"https://www.wikidata.org/wiki/Q7649626","display_name":"Sustainable Value","level":3,"score":0.2623000144958496},{"id":"https://openalex.org/C201305675","wikidata":"https://www.wikidata.org/wiki/Q852998","display_name":"Stakeholder","level":2,"score":0.2549999952316284}],"mesh":[],"locations_count":1,"locations":[{"id":"pmh:oai:ojs2.jurnal.amertainstitute.com:article/764","doi":"https://doi.org/10.65246/goodwill.v62.764","is_oa":true,"landing_page_url":"https://jurnal.amertainstitute.com/index.php/GoodWill/article/view/764","pdf_url":"https://jurnal.amertainstitute.com/index.php/GoodWill/article/download/764/868","source":{"id":"https://openalex.org/S5407054382","display_name":"GoodWill Journal of Economics Management and Accounting","issn_l":"3063-8194","issn":["3063-8194","3063-9840"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"3063-9840","raw_type":"info:eu-repo/semantics/article"}],"best_oa_location":{"id":"pmh:oai:ojs2.jurnal.amertainstitute.com:article/764","doi":"https://doi.org/10.65246/goodwill.v62.764","is_oa":true,"landing_page_url":"https://jurnal.amertainstitute.com/index.php/GoodWill/article/view/764","pdf_url":"https://jurnal.amertainstitute.com/index.php/GoodWill/article/download/764/868","source":{"id":"https://openalex.org/S5407054382","display_name":"GoodWill Journal of Economics Management and Accounting","issn_l":"3063-8194","issn":["3063-8194","3063-9840"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"3063-9840","raw_type":"info:eu-repo/semantics/article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W7225178405.pdf","grobid_xml":"https://content.openalex.org/works/W7225178405.grobid-xml"},"referenced_works_count":24,"referenced_works":["https://openalex.org/W2472596352","https://openalex.org/W2744492595","https://openalex.org/W2752617332","https://openalex.org/W2758947757","https://openalex.org/W2767204936","https://openalex.org/W2770947343","https://openalex.org/W2886181346","https://openalex.org/W2967129030","https://openalex.org/W3000543643","https://openalex.org/W3042038708","https://openalex.org/W3129389694","https://openalex.org/W3132785017","https://openalex.org/W3175084556","https://openalex.org/W3193966100","https://openalex.org/W4223544134","https://openalex.org/W4283361895","https://openalex.org/W4286213227","https://openalex.org/W4295597969","https://openalex.org/W4315491793","https://openalex.org/W4380086458","https://openalex.org/W4381621686","https://openalex.org/W4384704445","https://openalex.org/W4386517891","https://openalex.org/W4387815809"],"related_works":["https://openalex.org/W3002799722","https://openalex.org/W4409733278","https://openalex.org/W4401649088","https://openalex.org/W4312767450","https://openalex.org/W2937813384","https://openalex.org/W4409472357","https://openalex.org/W4410915467","https://openalex.org/W2963815432","https://openalex.org/W4213061414","https://openalex.org/W4415987309"],"abstract_inverted_index":{"Firm":[0],"value":[1,19,48,141,166,183,201,251],"reflects":[2],"how":[3],"investors":[4],"assess":[5],"a":[6,81,177],"company\u2019s":[7],"prospects,":[8],"yet":[9],"evidence":[10,232],"on":[11,46,61,181],"whether":[12,51],"corporate":[13],"governance":[14],"and":[15,42,49,77,92,116,128,139,153,164,199,238,243],"social":[16,241],"responsibility":[17],"enhance":[18],"remains":[20],"mixed,":[21],"particularly":[22],"regarding":[23],"the":[24,36,62,117,193,209,223,234],"role":[25],"of":[26,38,83,222],"financial":[27,52,131,156,174,244],"performance":[28,53,132,157,175,191,245],"as":[29,246],"an":[30],"intervening":[31],"mechanism.":[32],"This":[33],"study":[34,210,229],"examined":[35],"effects":[37],"Good":[39,124,196],"Corporate":[40,43,125,148,197,215],"Governance":[41,126,198],"Social":[44,149,216],"Responsibility":[45,150],"firm":[47,140,165,182,200,226],"assessed":[50],"mediated":[54,192],"these":[55],"relationships":[56],"among":[57],"mining":[58,85,236],"companies":[59,91],"listed":[60],"Indonesia":[63],"Stock":[64],"Exchange.":[65],"A":[66],"quantitative":[67],"design":[68],"was":[69],"employed":[70],"using":[71,101],"secondary":[72],"panel":[73],"data":[74],"from":[75,233],"annual":[76],"sustainability":[78],"reports.":[79],"From":[80],"population":[82],"49":[84],"companies,":[86],"purposive":[87],"sampling":[88],"produced":[89],"25":[90],"75":[93],"firm-year":[94],"observations":[95],"for":[96,214,249],"2023\u20132025.":[97],"Data":[98],"were":[99],"analyzed":[100],"EViews":[102],"13":[103],"through":[104],"panel-data":[105],"regression,":[106],"model":[107,219],"selection,":[108],"classical":[109],"assumption":[110],"testing,":[111,113],"hypothesis":[112],"path":[114],"analysis,":[115],"Sobel":[118],"test.":[119],"The":[120,218,228],"results":[121],"showed":[122],"that":[123],"positively":[127,152],"significantly":[129,154],"affected":[130,155],"(t":[133,142,158,167,184],"=":[134,137,143,146,159,162,168,171,185,203,206],"2.2235;":[135],"p":[136,145,161,170,187,205],".0481)":[138],"2.7153;":[144],".0083).":[147],"also":[151],"2.1265;":[160],".0437)":[163],"2.9331;":[169],".0045),":[172],"while":[173],"had":[176],"strong":[178],"positive":[179],"effect":[180],"48.7043;":[186],"<":[188],".001).":[189],"Financial":[190],"relationship":[194],"between":[195],"(Sobel":[202],"2.7111;":[204],".0067),":[207],"whereas":[208],"reported":[211],"no":[212],"mediation":[213],"Responsibility.":[217],"explained":[220],"97.2%":[221],"variation":[224],"in":[225],"value.":[227],"contributes":[230],"integrated":[231],"Indonesian":[235],"sector":[237],"highlights":[239],"governance,":[240],"responsibility,":[242],"important":[247],"considerations":[248],"sustainable":[250],"creation.":[252]},"counts_by_year":[],"updated_date":"2026-11-08T12:12:28.789561","created_date":"2026-11-04T00:00:00"}