Pengaruh Profitabilitas, Leverage, dan Good Corporate Governance Terhadap Nilai Perusahaan

Abstract

This research airned to find out the relationship of profitability which was measured by Return On Equity, Leverge which was measured by debt to equity Ratio and Good Corporate Governance which was measured by managerial ownership on the firm value which was measured by Price Book Value. The population was Food and beverages companieswhich were listed on Indonesia Stock Exchange (IDX 2014-2018). While, the data collection technique used purposive sampling, in which the sample was based on criteria given. In line with, there were 17 Food and Beverage companies as sample within 5 years. Therefore, the total data was 85 firm years. Morevore, the data analysis technique used multiple linier regression with SPSS 22.The research result concluded as follows: first, profitability (Return On Equity) had positive and significant effect on the firm value. Second, both leverage (Debt to Equity Ratio) had positive and significant effect on the firm value. hird, Good Corporate Governance (managerial ownership) had positive and significant effect on the firm value. In short, this research was in line with Kusumastuti, Supatmi, and Literature (2007) studies which showed the GCG which referred to board diversity could affect the firm value.
keyword: profitability, leverage, good corporate governance, firm value