PENGARUH GOOD CORPORATE GOVERNANCE TERHADAP NILAI PERUSAHAAN DENGAN KINERJA KEUANGAN SEBAGAI VARIABEL INTERVENING (Studi Perusahaan Perbankan Yang Terdaftar Di Bursa Efek Indnesia Periode 2016-2020)

Abstract

This research aimed to find out the effect of Good Corporate Governance on the firm value with the financial performance as the intervening variable at banking companies listed on the Indonesia Stock Exchange. Furthermore, the independent variable of this research used Good Corporate Governance measured by Managerial ownership (KPMJ) and institutional ownership (KINST). Meanwhile, The dependent variable of this research used firm value which was measured through Price to Book Value (PBV). Lastly, the research intervening company used financial performance measured by Return On Assets (ROA). The research population used banking companies listed on The Indonesia Stock Exchange during the 2016-2020 period. This research was quantitative. Moreover, the research sample collection technique used 6 companies samples. In addition, this research using PLS (Partial Least Square) used SmartPLS application 3.0. Based on the research result concluded that: 1) Good Corporate Governance had a significant effect on the firm value, 2) Good Corporate Governance had a significant effect on the financial performance, 3) Financial performance had a positive effect on the firm value, 4) Good Corporate Governance had a significant effect on the firm value through financial performance.