PENGARUH KINERJA KEUANGAN DAN GOOD CORPORATE GOVERNANCE TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine the effect of finance performance and Good Corporate Governance on firm value
of consumption companies which were listed on Indonesia Stock Exchange (IDX) during 2015-2018. While,
finance performance was measured by Return On Asset (ROA) and Return On Equity (ROE), Good Corporate
Governance was measured by independent commissioner and audit committee. Meanwhile, firm value was
measured by Price Book Value (PBV). The research was quantitative. Moreover, the data were secondary, in which
taken from www.idx.co.id. Furthermore, the data collection technique used purposive sampling, in which the same
was based on criteria given. In line with, there were 20 companies as sample. The theory used in this research is
the theory of agency (agency teory) and the theory of signal (signaling teory). The research result conclude Return
On Asset (ROA) had positive effect on firm value. Likewise, Return On Equity (ROE) had positive effect on firm
value. In contrast, audit committee had positive effect on firm value of consumption companies.

Keyword: return on asset, return on equity, independent commissioner, audit committee, firm value