PENGARUH GOOD CORPORATE GOVERNANCE DAN KINERJA KEUANGAN TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine the effect of Good Corporate Governance (institutional ownership, managerial ownership, independent commissioner, audit committee) and financial performance which was measured by Return On Asset on firm value of Property and Real Estate companies which were listed on IDX 2016-2019. The research was quantitative. Moreover, the data collection technique used purposive sampling. In line with, there were 24 companies as the sample. Furthmore, the data were secondary. Additionally, the data analysis technique used multiple linear regression with SPSS 20. The research result showed that F-test was properly used, Good Corporate Governance and ROA affected firm value with significance of 0,000. Meanwhile, from the hypothesis test (t-test), if concluded that institutional ownership did not affect firm value with 0.284 and significance of 0.777. in additional, managerial ownership had a negative effect on firm value with -4.400 and significance of 0.000. On the other hand, independent commissioner had a positive effect on firm value with 3.004 and significance of 0.003. Likewise, audit committee effected firm value with 2.043 and significance of 0.044. In contrast, ROA did not affect firm value with 1.882 and significance of 0.063.
Keyword: good corporate governance, financial performance, firm value