PENGARUH CEO OVERCOFIDENCE DAN LEVERAGE TERHADAP NILAI PERUSAHAAN DENGAN GOOD CORPORATE GOVERNANCE SEBAGAI VARIABEL MODERASI

Abstract

This research aims to find out the effect of Good Corporate Governance as a moderating variable in the effect of CEO overconfidence and leverage on the firm value at the Automotive companies listed on the Indonesia Stock Exchange (IDX) during 2018-2022. Furthermore, Good Corporate Governance was measured by CGPI Index, CEO overconfidence was measured by profile picture, leverage was measured by Debt to Equity Rasio (DER), and firm value was measured by Tobin’s Q. The research applies quantitatively. Moreover, the data collection technique used purposive sampling with 10 companies as the sample. The data analysis technique used Moderated Regression Analysis (MRA) through SPSS for Windows. The result shows that: (1) CEO Overconfidence has a positive effect on the firm value; (2) Leverage has a positive effect on the firm value; (3)Good Corporate Governance has a positive effect on the firm value; (4) Good Corporate Governance had positively moderated the effect of CEO Overconfidence on the firm value; and (5) Good Corporate Governance positively moderated the effect of CEO Overconfidence on the firm value.