PENGARUH GOODCORPORATE GOVERNANCE TERHADAP NILAI PERUSAHAAN DAN PROFITABILITAS

Abstract

This research aimed to examine the effect of Good Governance which was referred to independent Commissioner Board, Independent Audit Committee, Managerial Ownership and Institutional Ownership on firm value which was referred to PBV with profitability which was referred to ROA as intervening variable.The population was high profile companies which were listed on IDX during 2015-2018. While, the data collection technique used purposive sampling. Likewise, there were 80 companies. Moreover, the data analysis technique used Path Analysis with SPSS 22.The research result concluded as follows: 1) Independent Commissioner Board had negative and insignificant effect on profitability, 2) Independent Audit Committee did not affect profitability, 3) Managerial Ownership affected profitability, 4) Institutional Ownership effected profitability, 5) Independent Commissioner Board had negative and insignificant effect on profitability, 6) Independent Audit Committee did non affect firm value, 7) Managerial Ownership affected firm value, 8) institutional Ownership affected firm value, 9) profitability affected firm value, 10) profitability as intervening variable was able to intervene the direct effect of independent commissioner board on firm value.
Keywords: good corporate governance, profitability, firm value