PENGARUH GOOD CORPORATE GOVERNANCE DAN LEVERAGE TERHADAP NILAI PERUSAHAAN

Abstract

Good Corporate Governance (GCG) is one of the way that companies can isncrease firm value. This research aimed to examine the effect of Good Corporate Governance (GCG) with its counting mechanism, namely managerial ownership, institusional ownership, audit committee, independent commissioner and leverage which was referred to Dept to Equity Ratio (DER) on firm value. The population was LQ-45 companies which werw listed on Indonesia Stock Exchange (IDX) during 2015-2019. While, the research was quantitative. Moreover, the data collection technique used purposive sampling, in which the sample was based on criteria given. In line with, there were 105 samples. Furthermore, the data analysis technique used multiple linear regression with SPSS. The research result concluded managerial ownership did not affect firm value. Likewise, audit committee did not affect firm value. On the other hand, institusional ownership had positive effect on firm value. Similarly, independent commissioner affected firm value. In contrast, Debt to Equity Ratio had Negative effect on firm value of LQ-45 companies which were listed on IDX.
Keywords: managerial ownership, institusional ownership, audit committee, independen commissioner