PENGARUH PENERAPAN TATA KELOLA PERUSAHAAN YANG BAIK DAN STRUKTUR MODAL TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine the effect of good corporate governance that was referred to as managerial ownership, institutional ownership, independent commissioner board, audit committee, and capital structur which was referred to as debt to equity ratio (DER); on the firm value was referred to price to book value (PBV). The population was 9 chemist companies with purposive sampling as the data collection technique. In line with that, there were 30 data samples with 5 years of observation (2016-2020). Furthermore, the data used were secondary, in form of companies’ annual reports, that were list on the indonesia stock exchange (IDX) during 2016-2020. The data analysis technique used descriptive statistics and multiple linear regression with SPSS. The result concluded that on independent commissioner board, as well as a capital structure (DER), had a significant possitive effect on firm value. However, managerial ownership had a negative effect on firm value. In contrast, both institutional ownership, and audit committee had a possitive but insignificant effect on firm value.