ANALISIS PENGARUH MEKANISME GOOD CORPORATE GOVERNANCE TERHADAP NILAI PERUSAHAAN

Abstract

Good Corporate Governance mechanism is a way to improve firm value. This research is
carried out to find evidence about the analysis of the influence of good corporate governance
mechanism (Institutionalk ownership , management board of director) to the firm value. The object of
this research is manufacturing companies which are listed in Indonesia Stock Exchange in 2010-2
014
periods. Based on purposive sampling method , 20 companies have been selected as samples , so 100
annual reports have been analyzed during 5 years observation. The analysis instrument is the
multiple regression statistics in which the dependent variable is the firm value (it is measured by
using Tobin’s Q) and the independent variable is the institutional ownership Managementownership,
Independent board
of commissioner, Audit committee and the size of the board of director.The result of
the research of model feasibility test shows that good corporate governance mechanism which is proxy
by institutional ownership , management ownership, independent board of commissioner, audit
committee, and the size of the board of director have significant influence to the firm value. It indicates
that result of partial research or t-test shows that institutional ownership, management ownership,
independent board of commissioner, audit committee and the size of the board of director. Have
positive and significant influence to the firm value. It indicates that the result of the research supports
the hypothesis which has been proposed.

Keywords: Firm Value, Good Corporate Governance