PENGARUH MEKANISME GOOD CORPORATE GOVERNANCE, MODAL INTELEKTUAL DAN GROWTH TERHADAP NILAI PERUSAHAAN

Abstract

This research is aimed to examine the influence of good corporate governance mechanism which is proxy by managerial ownership, institutional ownership and audit committee; intellectual capital and growth to the firm value of manufacturing companies which are listed in Indonesia Stock Exchange. The samples in this research have been obtained by using purposive sampling on manufacturing companies which are listed in Indonesia Stock Exchange (IDX) in 2011-2015 periods. 12 manufacturing companies have been obtained as samples based on the predetermined criteria. The analytical method has been done by using multiple linear regression and the SPSS 23rd version. The result of the research shows that managerial ownership, institutional ownership and intellectual capital have positive and significant influence to the firm value whereas the audit commitee and the growth have been proven not significant. Based on the analysis of the coefficient of determination it has been found that the firm value can be explained by these five variables amounted to 67.8% meanwhile the remaining is other causes which are not included in the model.
Keywords: Good Corporate Governance, Intellectual Capital, Growth, Company Value