FAKTOR-FAKTOR KINERJA KEUANGAN YANG MEMPENGARUHI NILAI PERUSAHAAN

Abstract

This research aimed to examine the effect of Good Corporate Governance with the mechanism of Return On Aset (ROA), Return On Equity (ROE), Managerial Ownership, Independent Ownership, Independent Commissioners, Firm Size, Capital Structure, Dividen Policy on Firm Value. The population was Food and Beverages companies which were listen on IDX 2015-2019. Moreover, the data collection technique used purposive sampling. In line with, there were 65 companies as the sample. The research secult concluded as follows : ROA had affected firm value since it could maximize natural recources well, ROE had affected firm value as companies could manage their capital well, Managerial Ownership did not affect firm value. It meant the management prefered their own need, Independent Ownership did not affect firm value. This meant, institusional focused more on management than stakeholders needs, Independent Commisioners did not affect firm value since they lacked experience in handling problems, SIZE did not affect firm value because longer aset turnover, DER did not affect firm value. In other words, the use of debts could affect companies, and DPR affected firm value because higher dividen was a signal for investors.
Keywords : good corporate governance, firm size, capital structure, dividend policy, firm value