Pengaruh Kinerja Keuangan, Struktur Modal, Dan Tata Kelola Perusahaan Terhadap Nilai Perusahaan Pada Perusahaan Sektor Barang Konsumsi Yang Terdaftar Di Bei

Abstract

This research aims to determine whether financial performance, capital structure, and corporate governance can affect the value of the company. The independent variables in this study are financial performance, capital structure, and corporate governance, while the dependent variable is firm value. This study collects data from 21 consumer goods sector companies listed on the Indonesia Stock Exchange with a research period during 2016-2020 and uses multiple regression models for testing. The findings of this study indicate that financial performance as measured by sales growth and revenue growth, rate of return on assets (ROA), capital structure and corporate governance as measured by ownership structure, managerial ownership, and independent commissioners have no effect on firm value. Meanwhile, corporate governance as measured by the board of directors, institutional ownership, audit committee, and board of commissioners has a significant effect on firm value. The results of this study can be used for financial managers in making decisions that will further increase the value of the company and for investors to pay attention to what components must be considered when assessing which company to choose to invest. In the novelty of this study, independent commissioners and commissioners were added to measure the independent variable, namely corporate governance so that the measurement could be distinguished from previous studies.

Implementation of Data Envelopment Analysis (DEA) on Measuring the Efficiency of Gas Station Services

“…Efficiency includes the overall performance of each unit of resources used (input) and the results of performance (output), which can then be a reference in building company strategy. The goal of every company is to maximize business output and minimize inputs to get a higher level of efficiency (Onasis & Robin, 2016). Efficiency is defined as the ratio of output to input, and more output per unit of input indicates greater efficiency, while maximum output per unit of information reflects optimal efficiency (Othman, Mohd-Zamil, Rasid, Vakilbashi, & Mokhber, 2016).…”

Tanggung Jawab Sosial Dan Kompensasi Direksi Dalam Memoderasi Tata Kelola Perusahaan Dengan Nilai Perusahaan Di Indonesia

“…Studi yang mengkaji pengaruh tata kelola terhadap nilai perusahaan telah dilakukan oleh peneliti sebelumnya, namun hasilnya tidak konsisten. Retno & Prihatinah (2012), Sumarno et al (2016), Onasis & Robin (2016) dan Farida et al (2019) menemukan tata kelola berpengaruh terhadap nilai perusahaan. Sedangkan oleh Jo & Harjoto (2011), Amanti (2012), dan Negara (2019) menemukan bahwa tata kelola perusahaan tidak berpengaruh terhadap nilai perusahaan.…”