PENGARUH KINERJA KEUANGAN TERHADAP NILAI PERUSAHAAN DENGAN GOOD CORPORATE GOVERNANCE SEBAGAI VARIABEL MODERASI

Abstract

This research aimed to examine the effect of financial performance, which refer to Return On Asset (ROA) and Return On Equity (ROE), on the company value with Good Corporate Governance; referred to managerial ownership as moderation variable at Food and Beverage manufacturing company in Indonesia Stock Exchange. The sampling collection technique used purposive sampling at food and beverage manufacturing company in Indonesia Stock Exchange in 2014-2017. Based on the criteria, there were 9 samples with observation number of 36 companies. Furthermore, the analysis method used multiple regression linier with SPSS (Statistical Product and Service Solutions). The research result concluded Return On Asset (ROA) had positive effect on the company value. On the other hand, Return On Equity (ROE) and Good Corporate Governance dit not affect on the company value. In addition, Good Corporate Governance could not moderate the Return On Asset (ROA) and the Return On Equity (ROE) on the company value.
Keywords: Company value, return on asset, return on equity, managerial ownership