PENGARUH GOOD CORPORATE GOVERNANCE DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN DIMODERASI PROFITABILITAS

Abstract

This research aimed to examine the effect of Good Corporate Governance (GCG) and firm size on the firm value with profitability as moderating variable of 2016-2018. While, the independent variable was Good Corporate Governance which was measured by managerial ownership, institusional ownership, independent commissioner council, also the firm size which was measured by log size of asset. Meanwhile, the dependent variable was firm value which was measured by Price Book Value. Moreover, profitability as moderating variable was measured by Return On Equity. The research was quantitative. Furthermore, the data collection technique used purposive sampling. In line with, there were 37 manufacturing companies which were listed on Indonesia Stock Exchange (IDX) 2016-2018 as sample, with 111 observations. Furthermore, the data analysis technique used multiple linear regression with SPSS 23; and Moderate Regression Analysis with significance of 5%. The research result concluded managerial, institusional ownership and firm size had positive and significant effect on the firm value. On the other hand, independent commissioner council did not affect the firm value. In addition, profitability could not moderate managerial ownership, institusional ownership, independent commissioner council, and firm size on the firm value.
Keywords: indonesia stock exchange, firm value