PENGARUH KINERJA KEUANGAN DAN GOOD CORPORATE GOVERNANCE TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine the effect of financial performance and good corporate governance on the firm value. While, the populalation was all companies which were listed on Indonesia Stock Exchange (IDX). Moreover, the sample was LQ-45 companies which were listed on Indonesia Stock Exchange (IDX) 2014-2017. The research was quantitative. Furthermore, the data collection technique used purposive sampling. In line with, there were 180 samples of companies data. In addition, the data analysis technique used multiple linear regression with Statistical Product and Service Solution (SPSS) 23. The research result concluded as follows: (a) Return On Asset had positive effect on the firm value, (b) Return On Equity had positive effect on the firm value, (c) managerial ownership did not affect the firm value, (d) institutional ownership had affected the firm value, (e) independent commissioner did not affect the firm value, (f) audit committee did not affect the firm value. For about 53.1% of the adjusted R square and the rest of 46.9% were affected by other factors.
Keywords: financial performance, good corporate governance, company value.