PENGARUH KINERJA KEUANGAN DAN MEKANISME GOOD CORPORATE GOVERNANCE TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine the effect of financial performance which was referred to ROE (Return On
Equity) and Good Corporate Governance which included: managerial ownership, institusional ownership, and
independent commissioner on firm value (PBV) of LQ-45 companies which were listed on Indonesia Stock
Exchange during 2014-2018. This research was quantitative. Moreover, the population was all LQ-45 companies
which were listed on Indonesia Stock Exchange during 2014-2018. Furthermore, the data collection technique
used purposive sampling, in which the sample was based on criteria given. In line with, there were 24 companies
data with 120 samples. In addition, the data analysis technique used multiple linear regression with SPSS
(Statistical Product and Service Solution). The research result concluded as follows: (1) Return On Equity had
positive effect on firm value, (2) Managerial ownership did not affect firm value, (3) Institusional ownership did
not affect firm value, (4) Independent commissioner had positive effect on firm value.
Keywords: financial performance, good corporate governance, firm va