PENGARUH GOOD CORPORATE GOVERNANCE, LEVERAGE, DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN
This research aimed to examine the effect of Good Corporate Governance (GCG), leverage, and profitability on the firm value. The research was quantitative. Furthermore, the population was 45 infrastructure companies listed on the Indonesia Stock Exchange (IDX) 2017-2021. Moreover, the research sample used purposive sampling. In line with that, there were 18 samples of the company during five years of observation. In total, there were 90 observation data that were analyzed by multiple linear regression. The result identified that: (1) the audit committee didn’t affect the firm value; (2) the independent commissioner did not affect the firm value. This meant the small proportion of independent commissioners did not have any important role in the company; (3) Institutional ownership did not affect the firm value. It showed that less control of external stakeholders on the management performance; (4) Leverage did not affect firm value. This viewed the size of the debt owned by the company as not too concerned by investors; (5) Profitability affected firm value. It meant profitability value became an attraction for investors which increased stock price.