PENGARUH KINERJA KEUANGAN DAN GOOD CORPORATE GOVERNANCE TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine the effect of Good Corporate Governance (Managerial Ownership, Institutional
Ownership, Board of Directors, Independent Commisioner, Audit Committee) and financial performance
(Return On Asset, Return On Equity) on the firm value (Tobin’Q) of mining companies which were listed on
Indonesia Stock Exchange. While, the population was mining companies which were listed on Indonesia Stock
Exchange 2013-1017. Moreover, the data collection technique used purposive sampling. In line with, there were
24 mining companies with 120 observations. Furthermore, the data analysis technique used multiple linear
regression, proper model test, and hypothesis test. The research result, from multiple linier regression, concluded
Good Corporate Governance which was refferred to Board of Directors had significant effect on the firm value. In
addition, financial performance which was referred to Return On Asset and Return On Equity had significant
effect on the firm value. On the other hand, Good Corporate Governance which was referred to Managerial
Ownership, Institutional Ownership, Independent Commissioner and Audit Committee had insignificant on the
firm value.
Keyword: managerial ownership, institutional ownership , audit committee, return on asset, return on equity,
firm value