CORPORATE GOVERNANCE MODERATOR: FINANCIAL RATIOS AND FIRM'S PERFORMANCE IN EVIDENCE AT TRANSPORTATION SUB-SECTOR LISTED

Logistics and transport operators, in answering the challenges of Industry 4.0, logistics and transport operators need supply chain management by entities, and producers in goods transactions have the role of play very essential. The problem of infrastructure development in Indonesia is a matter of funding sources specific. This funding can get from many investors came from financial and non-financial information. This study purpose of giving empirical evidence of definite factor, i.e., the liquidity ratio and profitability ratio with each of current ratio and return on equity ratio proxy, while the firm’s performance uses basic earnings per share calculated. Corporate Governance use of the member of the audit committee as a moderator function. This study uses the research object of the transportation sub-sector companies listed in Indonesia during 2014-2019 with a purposive sampling technique. The final sample determine is 108 observation data. The data analysis method used moderated regression with panel data. This study’s results only prove that the liquidity ratio has a positive and significant effect on a firm’s performance, while it does not verify the profitability ratio. On the other hand, Good Corporate Governance, which functions as a moderator, cannot evaluate financial ratios’ impact on a firm’s performance.