Power Management in Controlling Stakeholder Pressure and Improving Financial Performance

Authors

  • Sasongko Tri Utomo Department of Economics and Development Studies Economics, University of Diponegoro, Semarang 50275, Indonesia; Department of Management, University Muhammadiyah of Surakarta, Surakarta 57102, Indonesia;
  • Wisnu Mawardi Department of Economics, University of Diponegoro, Semarang 50275, Indonesia;
  • Nur Amalina Department of Retail Management, University Aisyiyah of Surakarta, Surakarta 57156, Indonesia.

DOI:

https://doi.org/10.48161/qaj.v5n1a1003

Abstract

This research aims to understand corporate governance as a control of external pressure in improving financial performance. The analysis method used to describe the relationship in this study is Eviews software 10. The sample used was 720 observation data of 144 financial sector companies over five years (2018-2022). The findings show that the board of directors significantly negatively affects external pressure. Independent directors and commissioners have a significant positive effect on external pressure. The Board of Directors has a significant positive impact on financial performance. The independent board of directors does not affect financial performance. The board of commissioners and external pressure significantly negatively affect financial performance. Originality: The concept of stakeholder pressure in all existing studies has not been researched into a dependent variable so that stakeholder pressure becomes a novelty in this study.

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References

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Published

2025-01-22

How to Cite

tri utomo, S., Mawardi , W. ., & Amalina , N. . (2025). Power Management in Controlling Stakeholder Pressure and Improving Financial Performance . Qubahan Academic Journal, 5(1), 1–18. https://doi.org/10.48161/qaj.v5n1a1003

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