PENGARUH GOOD CORPORATE GOVERNANCE, PROFITABILITAS DAN LEVERAGE TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine the effect of Good Corporate Governance which was referred to as managerial and institusional owenership, profitability which was referred to as Return On Assets (ROA), and leverage which was referred to as Debt to Equity Ratio (DER) on firm value which was referred to as Price to Book Value (PBV). The population was 8 Pharmaceutical companies. Moreover, the data collection technique used purposive sampling, in which the sampel was based on the criteria given. In line with that, Three were 40 samples with 5 years observation. Furthermore, the data were secondary which were taken from companies’ annual financial statements that were listed on Indonesia Stock Exchange (IDX) during 2017-2021. The data analysis technique used multiple linear regression with SPSS. The research result concluded that managerial and institusional awnership, also profitability did not affect firm value. On the other hand,leverage affected firm value of Pharmaceutical companies.