PENGARUH MEKANISME GOOD CORPORATE GOVERNANCE (GCG) DAN KEBIJAKAN HUTANG TERHADAP NILAI PERUSAHAAN DI INDONESIA PERIODE 2010-2015
Abstract: Firm value is very
important for the company therefore maximizing the firm value is considered
more appropriate as the company's goal, because maximizing the firm value is
maximizing the current value for future profit that willbe obtained
shareholders. The main purposes of this research is to test the influence of
managerial ownership, auditcommittee, institutional ownership, Corporate
Governace Perception Index (CGPI) and debt policy on firm value.This type of
research is a quantitative and conclusive research in the form of causality by
using purposive samplingmethod, so that obtained 36 companies that meet the
criteria.The object of this research is the company that follow CGPI program
period 2010-2015. The data used are secondary data obtained from the official
website of Indonesia Stock Exchange (IDX), dunia investasi, and SWA magazine.
The data analysis technique used multiple linearregression analysis. The
results of this study indicate that GCG proxied by managerial ownership and
debt policies are proxied by DER negatively affect on firm value, GCG proxied
by institutional ownership positively effect, as well the GCG proxied by the
audit committee and the CGPI no effect on firm value.
Keywords: managerial
ownership, institutional ownership, Corporate Governace Perception Index
(CGPI), debt policy, and firm value
Penulis: As’ad Syamsul Arifin,
Musdholifah
Kode Jurnal: jpmanajemendd171157
