PENGARUH KINERJA KEUANGAN, GOOD CORPORATE GOVERNANCE DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine the effect of financial performance (ROA), Good corporate governance with the
mechanism of calculation, namely: managerial ownership (KM), institutional ownership (KI), independent
commissioner (KOMIN), audit committe (KA), and dividend policy (DPR) on the firm value (PBV) in annual
reports and summary of company performance through the official website of Indonesia Stock Exchange (idx). The
population was manufacturing companies which were listed on Indonesia Stock Exchange (IDX). While, the data
collection technique used purposive sampling, in which the sample was based on criteria given. In line with, there
were 102 companies as smples during 2015-2017. Moreover, the data analysis technique used multiple linear
regression with SPSS. The resarch result concluded as follow:(1)financial performance had affected the firm value,
(2)managerial ownership did not affect the firm value,(3)instititional ownership did not affect the firm
value,(4)independent commissioners had affected the firm value,(5)audit commuttiee did not affect the fim
value,(6)dividend policy did not affect the firm value.
Keyword: financial performance, good corporate governance, dividen policy firm value