PENGARUH MEKANISME GOOD CORPORATE GOVERNANCE DAN KINERJA KEUANGAN TERHADAP NILAI PERUSAHAAN

Abstract

This research is aimed to examine the influences of Good Corporate Governance in accordance with managerial ownership, institutional ownership, independent commissioner, audit commitees and financial performances of the firm value LQ45. The population is all companies which are listed in Indonesia Stock Exchange (IDX). The samples are LQ45 companies which are listed in Indonesia Stock Exchange in 2012-2015 periods. The total samples are 18 LQ45 companies which have been selected by using purposive sampling. The analysis method has been done by using multiple regression analysis techniques. The result of the analysis shows that managerial ownership does not give influence to the firm value, the institutional ownership does not give any influence to the firm value, independent board of commissioners does not give any influence to the firm value, the audit committe does not give any influence to the firm value, the return on assets (ROA) gives influence to the firm value, and the return on equity (ROE) gives influence to the firm value.
Keywords: Good Corporate Governance financial performance, firm value.