PENGARUH MEKANISME GOOD CORPORATE GOVERNANCE TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

This research aims to examine the influence of good corporate governance mechanisms, namely institutional ownership, managerial ownership, independent commissioner, audit committee, board of directors of company value at manufacturing company in Indonesia Stock Exchange. The method used in this research using quantitative approach and object research used is the annual report of manufacturing companies which listed in the Indonesia Stock Exchange during the 2014-2016 period through purposive sampling method and obtained 41 samples of manufacturing companies. Statistical test tool used is multiple linear regression analysis using spss 20 program. The results showed that institutional ownership did not influenced the value of firms with regression coefficient of 0.001 and significance level of 0.131, managerial ownership positively influenced the value of firms with 0.006 regression coefficient and significant level 0.010, independent commissioner negatively influenced firm value with regression coefficient of -0.904 and level of significance 0,011, audit committee does not influence to company value with regression coefficient 0,145 and level of significance 0,241, board of directors have positive influence to value of company with regression coefficient 0,111 and signification level of 0,000.
Keywords: good corporate governance, board of directors, corporate value.