PENGARUH GOOD CORPORATE GOVERNANCE, PROFITABILITAS, DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN

Abstract

This research aims to examine the influence of good corporate governance, profitability, and dividend policy on
corporate value in companies which listed in Indonesia Stock Exchange as a participant of corporate governance
perception index. Data analysis used is secondary data that is in the form of company financial report data and
result of corporate governance perception index evaluation. Sample sampling technique used in this research is
saturated samples, because there are 8 companies that meet the criteria that have been determined. In this research
to measure the implementation of good corporate governance in the company used the value of corporate
governance perception index, profitability measured using return on asset, dividend policy measured using
dividend payout ratio, and company value measured using price to book value. The analysis technique used in this
research is multiple linear regression analysis.Based on the tests that have been done through the software SPSS
23.0 obtained the results of classical assumption test using the normality test, mulicolinearity test, autocorrelation
test, and heteroscedasticity test model is stated to have fulfilled the assumption and no violation. Based on the
model feasibility test using multiple coefficient of determination test and simultaneous test known that the
regression model that has been made is declared eligible to be used. Based on hypothesis test result, it is known
that good corporate governance and dividend policy have no significant influence on firm value, while profitability
has significant influence to company value.
Keywords: good corporate governance, profitability, dividend policy and corporate value.