PENGARUH GOOD CORPORATE GOVERNANCE PADA KINERJA KEUANGAN DAN DAMPAKNYA PADA NILAI PERUSAHAAN

Abstract

LQ45 is one of the companies which were listed on Indonesia Stock Exchange (IDX) and had the most liquid of
price stock at capital market. Therefore, this research aimed to examine the effect og Good Corporate Governance
which referred to board of commissionaire, audit committee, managerial ownership on the financial perfomance.
Besides, it also examined the effect of financial perfomance on the firm value of LQ45 companies. The research
was quantitative. While, the population was 66 companies which were included on index LQ45. Moreover, the
data collection technique used purposive sampling. In line with, there were 24 companies. Meanwhile, the data
were secondary in which published by Indonesia Stock Exchange (IDX) and was accesed through website i.e
www.idx.co.id. The research result concluded independent commisionaire had positive effect on the financial
perfomance. Meanwhile, audit committee did not affect financial perfomance. Likewise, managerial ownership
did not affect financial perfomance. On the other hand, Institusional ownership had positive effect on the finacial
perfomance. In addition, financial perfomance had positive effect on the firm value.
Keywords: good corporate governance, financial perfomance, firm value