PENGARUH MEKANISME GOOD COORPORATE GOVERNANCE DAN KINERJA KEUANGAN TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine the effect of Good corporate governance on firm value. Good corporate governance was measured by managerial ownership, institutional ownership, board of commissioners, and audit committee. While financial performance was measured by Return On Asset and Return On Equity. The population was LQ-45 companies that were listed on Indonesia Stock Exchange during 2018-2021. The research was quantitative. Moreover, the data collection technique used purposive sampling. In line with that, there were 24 samples of LQ-45 companies. The data analysis technique used multiple regression with SPSS 26. The research result showed that (1) managerial ownership did not have a positive effect on firm value, (2) institutional ownership did not have a positive effect on firm value, (3) independent commissioner did not have a positive effect on firm value, (4) audit committee did not have a positive impact on firm value, (5) Return On Asset had a positive effect on firm value, and (6) Return On Equity did not have a positive effect on firm value.