Proceedings of the 9th International Conference on Accounting, Management, and Economics 2024 (ICAME 2024)

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The Role Of Return On Asset In Mediating The Relationship Between Good Corporate Governance And Price Book Value In The Industry Of BUMN Companies Listed On The Indonesian Stock Exchange

Authors
Akbar Azis1, *, Siti Haerani2, Muhammad Sobarsyah2
1University of West Sulawesi, Sulawesi, Indonesia
2Faculty of Economics and Business, Hasanuddin University, Makassar, Indonesia
*Corresponding author. Email: akbarazis@unsulbar.ac.id
Corresponding Author
Akbar Azis
Available Online 30 July 2025.
DOI
10.2991/978-94-6463-758-8_140How to use a DOI?
Keywords
Return On Asset; Good Corporate Governance; Price to Book Value
Abstract

This research aims to determine the influence of good corporate governance on price to book value, the influence of good corporate governance on return on assets, the influence of return on assets on price to book value, the influence of good corporate governance on price to book value through return on assets. The data in this research is secondary data. This research is a type of quantitative research. Data were analyzed using SPSS version 25 statistical tools and also using the Sobel test calculator for mediation tests. The research results show that the good corporate governance (GCG) variable has no effect and is not significant on price to book value (PBV). The good corporate governance (GCG) variable has no effect on return on assets (ROA). The return on asset (ROA) variable influences the price to book value (PBV) variable. Return on assets (ROA) as an intervening variable is unable to mediate Good Corporate Governance (GCG) on price to book value (PBV).

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 9th International Conference on Accounting, Management, and Economics 2024 (ICAME 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
30 July 2025
ISBN
978-94-6463-758-8
ISSN
2352-5428
DOI
10.2991/978-94-6463-758-8_140How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Akbar Azis
AU  - Siti Haerani
AU  - Muhammad Sobarsyah
PY  - 2025
DA  - 2025/07/30
TI  - The Role Of Return On Asset In Mediating The Relationship Between Good Corporate Governance And Price Book Value In The Industry Of BUMN Companies Listed On The Indonesian Stock Exchange
BT  - Proceedings of the 9th International Conference on Accounting, Management, and Economics 2024 (ICAME 2024)
PB  - Atlantis Press
SP  - 1774
EP  - 1783
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-758-8_140
DO  - 10.2991/978-94-6463-758-8_140
ID  - Azis2025
ER  -