PENGARUH KINERJA KEUANGAN DAN GOOD CORPORATE GOVERNANCE TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine the effect of finnacial performance (ROA) and Good Corporate Governance on the firm value of LQ-45 companies which were listed on Indonesia Stock Exchange (IDX). While, the financial performance was referred to ROA, Good Corporate Governance was reffered to calculation mechanism, namely: managerial ownership (KM), instituonal ownership (KI), independent commissioners (KOMIN) and audit commissioners (KA) and a summary of the company’s performance through the official website of the indonesia Stock Exchange (IDX). The data were in the form of annual report and summary of company’s performance through the official website of the Indonesia Stock Exchange (IDX). Moreover, the data collection technique used purposive sampling, in which the sample was based on criteria given. In line with, there were 120 samples. In addition, the data analysis technique used multiple linear regression with SPSS. The research result concluded as follows: (1) finnacial performance had positive effect on the firm value, (2) managerial ownership did not affect the firm value (3) institutional ownership did not affect the firm value, and (5) audit committee did not affect the firm value.
Keywords: financial performance, good corporate governance, firm value