PENGARUH GOOD CORPORATE GOVERNANCE DAN KARAKTERISTIK PERUSAHAAN TERHADAP KINERJA PERUSAHAAN DAN IMPLIKASINYA TERHADAP NILAI PERUSAHAAN
Abstract: Maximizing firm
value are influenced
by several factors,
including firm performance and
corporate characteristics. This study examines the effect of good corporate
governance, growth, leverage, and firm size on firm value by using firm
performance as intervening variable.
Firm performance is measured by using Return on Assets (ROA) and firm
value is measured by using Tobins'Q. The population of this research is
registered companies in CGPI ranking by IICG in 2009-2015. Sampling was
conducted using purposive sampling and
there are 31
companies that qualified
as a sample.
This research used
linear regression by using Ordinary Least Square method to know the
influence of independent variable consist of CGPI, growth, leverage, and firm
size to firm value by using firm performance as intervening variable.
The result of the research shows that CGPI variable has a significant
positive effect on company performance, firm growth variable has positive
effect not significant to firm performance, leverage variable has negative
significant effect, and firm size variable has negative and insignificant
effect, and firm performance is only able to mediate the relationship between
CGPI and leverage to firm value. Thus, only CGPI and leverage have an indirect
effect on firm value of CGPI rating companies listed on the BEI in 2009-2015.
Keywords: Good Corporate
Governance, ROA, Tobins’Q, Growth
Penulis: Yashinta Nency I,
Harjum Muharam
Kode Jurnal: jpmanajemendd170805
