Analysis of the Influence of Good Corporate Governance on Company Value in All Manufacturing Companies Listed On Idx 2018-2020

Julio Andre, Titiek Suwarti

Abstract


This study aims to test the effect of Good Corporate Governance to Price to Book Value of All Registered Manufacturing Companies in Indonesia Stock Exchange from 2018-2020. Type of data used in this study is secondary data. The population of this study is all manufacture companies listed in Indonesia Stock Exchange from 2018-2020. To retrieve the sample, the writer employed purposive sampling method and applied criteria listed in Indonesia Stock Exchange, reported annually subsequently from 2018-2020 in Indonesia Stock Exchange and there was Managerial ownership, Institutional ownership, Independent commissioner, Audit committee, and frequency of board commissioners meeting in the company. The result of this study shows that Managerial ownership, Institutional ownership, Independent commissioner, Audit committee and frequency of board commissioners meeting positively and significantly influenced Price to Book Value in Manufacture company in Indonesia from 2018-2020.


Keywords


managerial ownership; institutional ownership; independent commissioners; audit committee; board commissioners meeting; price to book value

Full Text:

PDF

References


Ansari, T. (2019) Reminding State Owned Enterprises (BUMN) Management Using the Principle of ’Business Judgment Rule’: A Preliminary Note. Budapest International Research and Critics Institute-Journal (BIRCI-Journal). P. 27-38

Arianti, NA, & Juli Semara Putra, IM (2018). The Effect of Profitability on the Relationship of Corporate Social Responsibility & Good Corporate Governance on Company Value. Scientific Journal of Management & Accounting, 20-46.

Hardiningsih, P., Fatmawati, T., & Srimindarti, C. (2018). Contingency of Good Corporate Governance in Determining Company Value. JBE.

Ichsan, R. et al. (2021). Determinant of Sharia Bank's Financial Performance during the Covid-19 Pandemic. Budapest International Research and Critics Institute-Journal (BIRCI-Journal). P. 298-309.

Kurnia, WA, Sudarwati, & Burhanudin. (2019). Good Corporate Governance Mechanisms on the Performance of Companies Listed in the Jakarta Islamic Index (JII) 2014-2016. Journal of Management and Finance Vol.8, No.1.

Kusumawati, R., & Rosady, I. (2018). Effect of Capital Structure and Profitability on Firm Value with Managerial Ownership as Moderating Variable. Journal of Business Management, Vol 9. No.2.

Marsha, F., & Ghozali, I. (2017). Effect of Audit Committee Size, External Audit, Number of Audit Committee Meetings, Number of Board of Commissioners Meetings and Institutional Ownership on Earnings Management. Diponegoro Journal of Economics, 1-12.

Nurfaza, BD, Gustyana, TT, & Iradianty, A. (2017). The Effect of Good Corporate Governance on Company Value (Study on the Banking Sector Listed on the Indonesia Stock Exchange (IDX) 2011-2015).

Silviana. (2020). The Influence of Independent Board of Commissioners, Managerial Ownership, Debt Ratio, Liquidity and other Factors on the Performance of Manufacturing Companies on the IDX using the Tobin's'Q method.

Sugiyanto. (2018). Effect of Tax Avoidance on Firm Value by Moderating Institutional Ownership. Journal of Economics and Business, Vol 6. No.1.

Sunardi, N. (2019). Good Corporate Governance Mechanisms on Company Value with Leverage as an Intervening Variable in Manufacturing Companies Listed on the Indonesia Stock Exchange 2012-2018. Scientific Journal of Forkamma Management, 48-61.

Thaharah, N., & Asyik, NF (2016). The Influence of Corporate Governance Mechanisms and Financial Performance on LQ45 Firm Value. Journal of Accounting Science and Research.

Widyaningsih, D. (2018). Managerial Ownership, Institutional Ownership, Independent Commissioner and Audit Committee on Firm Value with CSR Disclosure as Moderating Variable and Firm Size as Control Variable. Journal of Accounting and Taxes, 38-52.

Wiguna, RA, & Yusuf, M. (2019). The Effect of Profitability and Good Corporate Governance on Firm Value. Econbank: Journal of Economics and Banking Vol1.

Yuono, CA, & Widyawati, D. (2016). The Effect of Tax Planning and Corporate Governance on Firm Value. Journal of Accounting Science and Research: Volume 5, Number 6.




DOI: https://doi.org/10.33258/birci.v5i1.3793

Article Metrics

Abstract view : 120 times
PDF - 50 times

Refbacks

  • There are currently no refbacks.


Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

 

Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.