Open Examination of Management Doctorate

Management Doctorate Program of School of Economics of Indonesia (STIESIA) Surabaya had just held dissertation final examination on Saturday, February the 29th 2020 at room of 201-Post Graduate building. While, this examination aimed to examine the research result of promovendus, namely Lusy. Her dissertation was promoted by Prof. Dr.Budiyanto, M.S. and co-promotor, Dr. Akhmad Riduwan, S.E., MSA., Ak., CA.

            Lusy’s dissertation was in title Good Corporate Governance, Intellectual Capital, and Corporate Social Responsibility on Financial Performance and Firm Value. Moreover, the research was based on companies which had long-term goal and going concern. This meant, the companies had its ability in maintaining their business. Therefore, firm value became essential factor as it had long-term benefit.

            This research gave different contribution on Good Corporate Governance (GCG) which was compared to previous studies. Its GCG was namely commissioner board size and audit committee. Meanwhile, it was considered independently. Moreover, there were five principles of GCG, i.e. Transparency, Accountability, Responsibility, Independency, and Fairness (TARIF). This additional principles could add existed literature since it had empirical research on Good Corporate Governance, Intellectual Capital, and Corporate Social.

            Based on the research result, it showed Good Corporate Governance, Intellectual Capital, and Corporate Social Responsibility which was disclosed by the management became positive signal for investors. As the result, its firm value was increased and directly empowered signalling theory.

            Lusy claimed that her research informed investors in having investment decision to consider Good Corporate Governance, Intellectual Capital, and Corporate Social Responsibility since they had significant effect on firm value. Additionally, financial performance moderated the effect of Good Corporate Governance, Intellectual Capital, and Corporate Social Responsibility on firm value.

In addition, as the examiners of Lusy’s dissertation final examination were Dr. Fidiana,S.E.,M.S.A. , Dr. Triyonowati, M.Si. , Dr. Imam Hidayat, MM., and  Prof. Dr. Hamfri Djajadikerta. Lusy herself was the alumnus of S1 and S1 STIESIA Surabaya. Besides, she finished her S3 (Doctorate) majoring Management at STIESIA Surabaya for three years with very satisfy.