PENGARUH KINERJA KEUANGAN DAN GOOD GOVERNANCE TERHADAP NILAI PERUSAHAAN

Abstract

This research aims to examine the influence of Financial Performance and Good Corporate Governance in this case managerial ownership, institutional ownership, independent commissioner to the LQ 45 company value.The samples that been taken are LQ 45 companies which is listed in IDX period 2013-2016. The method of analysis of this research using multiple regression analysis techniques.The results of this research ROA influenced the value of the company. This shows that the higher profit generated will increase the value of the company. ROE has an influence on company value. This shows that the higher the value of ROE will have an impact on the value of the company. Managerial ownership does not influenced the value of the company because the ownership of shares of directors and commissioners can be considered to aggravate the condition of the company with the expropriation. Institutional ownership has no influence on the company value due to the information asymmetry owned by managers as corporate managers as well as institutions as majority shareholder less optimal. Independent board of commissioners influence the value of the company. This may be due to this independent commissioner can maximize the performance of the company whose function as a good monitoring.
Keywords: financial performance, good corporate governance, company value.