PENGARUH GOOD CORPORATE GOVERNANCE DAN KEPUTUSAN DANA TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine the effect of funds decision, investment decision, dividend policy and Good Corporate Governance on the firm value. While, the population was all banking companies which were listed on Indonesia Stock Exchange from 2013 until 2017. For its data collection technique, it used purposive sampling. This meant, the samples were taken based on considered criteria. Consequently, there were 250 financial statements of banking companies as sample. Furthermore, the data analysis technique used multiple regression with Statistical Product and Service Solution (SPSS) 23. The research result concluded: (a) independent commissioner had positive effect on the firm value. (b) managerial ownership had positive effect on the firm value. (c) institutional ownership had positive effect on the firm value. (d) audit committee did not affect the firm value. (e) funds decision did not affect the firm value. (f) investment decision did not affect the firm value. (g) the dividend policy had negative effect on the {inn value. In addition, with adjusted R square, there were 26.1% of them were affected by the variables. Meanwhile 1e, the rest of 73.9% were affected by other factors.
Keywords: Funds Decision, Good Corporate Governance, Firm Value.