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

Abstract

Firm value is investors perception on the company success in managing its performance as it reflected on the shares price. This research aimed toexamine the effect of financial performance, which was measured by Return On Assets and Return on Equity, on the firm value with managerial ownership moderated which listed on Indonesia Stock Exchange 2014-2017. The sampling collection technique used purposive sampling method. At this point, therere were 12 Property and Real Estate companies as sample. Moreover, the data analysis technique used multiple linear regression with SPSS version 23. The research result concluded Return On Assets did not affect on the firm value, Return On Equity had positive effect on company value. Moreover, managerial ownership which was referred to Good Corporate Governance could not moderate the relationship between Return On Assets on the firm value. Likewise, the managerial onwnership could not moderate the relationship between Return On Equity and the firm value.
Keywords: Financial perfomance, firm value, good corporate governance