PENGARUH GOOD CORPORATE GOVERNANCE, PENGUNGKAPAN CORPORATE SOCIAL RESPONSIBILITY, DAN NILAI PERUSAHAAN TERHADAP NILAI PERUSAHAAN

Abstract

This research determines the effect of Good Corporate Governance, Corporate Social Responsibility and Profitability on firm value. Furthermore, the independent variables were Good Corporate Governance (Independent Commissioner, Managerial Ownership, and Institutional Ownership), Corporate Social Responsibility and Profitability (ROA). Meanwhile, the dependent variable was firm value (Tobin’s Q). The Population consist of Infrastructure and Manufacturing companies listed on the Indonesia Stock Exchange from 2019-2023. Moreover, the data collection technique used was purposive sampling. In line with that, 270 data were analyzed. The data analysis technique used multiple regressions with SPSS application. The result shows that Good Corporate Governance, which was referred to as the independent commissioner has a positive and significant effect on firm value. However, managerial ownership has a negative and significant effect on firm value. Likewise, the institutional ownership has a negative and significant effect on firm value. On the other hand, the Corporate Social Responsibility disclosure has positive and significant effect on firm value. Similarly, profitability which was referred to as the ROA has a positive and significant effect on firm value.