PENGARUH GOOD CORPORATE GOVERNANCE, INTELLECTUAL CAPITAL, DAN FREE CASH FLOW TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine and analyze the effect of good corporate governance, intellectual capital, and free cash flow on the firm value of banking companies listed on the Indonesia Stock Exchange (IDX) during 2019-2021. Good corporate governance was referred to as managerial and institutional, intellectual capital was referred to as VAIC, and free cash flow was referred to as FCF. The research was quantitative. Moreover, the data collection technique used purposive sampling. In line with that, there were 41 banking companies listed on the Indonesia Stock Exchange during 2019-2021; as the sample. In total, there were 123 data observations. Furthermore, the data were secondary which in form of annual financial statements. Additionally, the data analysis technique used multiple linear regression. The result concluded managerial ownership had a positive effect on value. However, institutional ownership did not affect firm value. In contrast, intellectual capital did not affect firm value. On the contrary, free cash flow had a positive effect on firm value.