Pengaruh Ukuran Dewan Komisaris Dan Ukuran Dewan Direksi Terharap Nilai Perusahaan Dengan Kepemilikan Institusional Sebagai Variabel Moderasi

Abstract

This study aims to determine the effect of Good Corporate Governance on Corporate Value with Intitusional Ownership as a moderating variable. In this study, Good Corporate Governance is measured by 2 variables, namely the size of the board of commissioners and the size of the boardof directors. The Company's value is measured by Earning Per Share. The sample of this research is 9 insurance companies listed on Indonesia Stock Exchange period 2011- 2015 period. The results of this study are the size of the board of commissioners and the size of the board ofdirectors does not affect the value of the company; The size of the board of commissioners and the size of the board of directors simultaneously has no effect on the value of the company; Institutional ownership may moderate the size of the board of commissioners to the value of thecompany; And institutional ownership can moderate the size of the board of directors against corporate value.

Does Institutional Ownership Moderate the Relationship Between the Board of Directors and Risk Disclosure?

“…It's generally agreed that large shareholders present at board meetings may act as a useful check on management, including those made by boards with extended terms in office. It's not easy to fool institutional investors into thinking that a company has manipulated its results since they have a hand in strategic decision-making ( Thendean and Meita, 2019). According to research conducted by Puspitosari (2019), institutional ownership strengthens how long a board's tenure affects the reliability of financial statements.…”