PENGARUH GOOD CORPORATE GOVERNANCE DAN KINERJA KEUANGAN TERHADAP NILAI PERUSAHAAN (STUDI EMPIRIS PADA PERUSAHAAN FOOD AND BEVERAGES YANG TERDAFTAR DI BURSA EFEK INDONESIA)

Abstract

The company’s main objective is to increase stakeholders’ welfare by maximizing the company's value. This research aimed to find out variables which affect firm value. Moreover, it examined the effect of Good Corporate Governance and Financial Performance on Firm Value. The research was quantitative. Furthermore, the population was Food and Beverages companies which were listed on Indonesia Stock Exchange 2015-2020. Additionally, the data collection technique used purposive sampling. In line with, there were 78 samples. While, independent variables were institutional ownership, audit committee, commissioner board, independent commissioner, ROA, liquidity, and Leverage. Meanwhile, dependent variable was firm value. The data were secondary which were taken from companies’ annual reports. In addition, the data analysis technique used multiple linear regression with SPSS. The research result concluded that institutional ownership, audit committee and Leverage had a negative effect on firm value. On the other hand, independent commissioner, commissioner board, Return On Assets (ROA) and liquidity had a positive effect on firm value.
Keywords: firm value, good corporate governance, financial performance