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Previous studies used these as mediating variables.
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Its novelty is correlation between stock return and financial performance as moderation. This discrepancy creates opportunity for conducting an in-depth study on those variables. Based on the previous studies, it may be concluded that there is a gap between the influence of GCG on corporate value and the influence of stock return on financial performance, and moderating variable is needed to evaluate the influence of GCG on company performance, more particularly stock return and financial performance.
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