PENGARUH PENERAPAN TATA KELOLA TERHADAP NILAI PERUSAHAAN

Abstract

This research is meant to examine the influence of the implementation of corporate governance which is proxy by variables i.e. institutional ownership, managerial ownership, independent commissioner, and audit committee to the firm value.The research object is banking companies which are listed in Indonesia Stock Exchange in 2011-2015 periods. The research sample has been carried out by using purposive sampling technique and 30 companies with 150 observations which have met the sampling criteria have been obtained as samples.The result of the regression analysis shows that variables i.e. institutional ownership, managerial ownership, independent commissioner, and audit committee give significant and positive influence to the firm value and managerial ownership does not give any significant influence to the firm value. The multiple linear regressions models in this research has R2 value 0.349 which means that 34.9% firm value variable can be explained by variables i.e. institutional ownership, managerial ownership, independent commissioner, and audit committee. Meanwhile, the remaining 65.1% is explained by other factors which are not included in the analyzed models.

Keywords: Corporate governance, firm value