PENGARUH GOOD CORPORATE GOVERNANCE, KINERJA KEUANGAN DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN

Abstract

This research is meant to test the influence of good corporate governance, financial performance, and firm size to the firm value of manufacturing companies which are listed in Indonesia Stock Exchange. Proxy of managerial ownership, institutional ownership, and independent commissioner are used to measure good corporate governance. Financial performance is measured by the ratios i.e.: return on asset and return on equity, and firm size.The data analysis of this research has been done by using Multiple Regression Analysis with the independent variable i.e. : managerial ownership, institutional ownership, independent commissionaire, return on asset, return on equity, firm size and the dependent variable is firm size. The research sample has been selected by using purposive sampling technique to the 33 manufacturing companies which have published their annual reports in 2010-2014 periods, so that 165 annual reports which are meet the samples criteria have been obtained. Based on the result of analysis and hypothesis test shows that the variables i.e.: managerial ownership, return on asset and firm size has significant influence to the firm value. Meanwhile, the variables i.e.: institutional ownership, independent commissioner, and return on equity does not have any significant influence to the firm value.
Keywords: good corporate governance, return on asset, return on equity, firm size, firm value