Pengaruh Pengungkapan Good Corporate Governance Terhadap Nilai Perusahaan Pada Badan Usaha Milik Negara Yang Terdaftar Di Bursa Efek Indonesia Perioda 2013-2017
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引用次数: 4
Abstract
This study aims to prove the impact of Good Corporate Governance on Firm Value in Badan Usaha Milik Negara that listed in Indonesian Stock Exchange. This study used 4 varibles that represented Good Corporate Governance which is Managerial Ownership, Institusional Ownership, Board of Independent Commissioner, and Audit Committee. Meanwhile Tobin’s Q ratio used to counted Firm Value. Population of this research are all Badan Usaha Milik Negara that listed in Indonesian Stock Exchange on 2013 until 2017. There are 20 firm are listed. The total samples are 16 firms selected by using purposive sampling method. Data anlysis and hypothesis testing using multiple regression. From 4 variable that used in this research only 2 that had an effect on firm value. There were Institusional Ownership and Audit Committee. This research prove that Institusional Ownership has a positive and significant effect on firm value. Audit Committee had a negative and insignificant effect on firm value. Other 2 variable like Managerial Ownership, Board of Independent Commissioner has not effect on firm value, while Audit Committee has negative effect on firm value.
本研究旨在证明良好的公司治理对印尼证券交易所上市公司巴丹优沙公司价值的影响。本研究使用了代表良好公司治理的4个变量,即管理层所有权、机构所有权、独立专员委员会和审计委员会。同时,托宾Q比率用于计算公司价值。本研究的人口均为2013年至2017年在印尼证券交易所上市的Badan Usaha Milik Negara。有20家公司上市。采用有目的抽样方法,共选取16家企业作为样本。使用多元回归进行数据分析和假设检验。在本研究中使用的4个变量中,只有2个对公司价值有影响。有机构所有权和审计委员会。本研究证明,机构持股对企业价值具有显著的正向影响。审计委员会对企业价值的影响为负且不显著。另外两个变量如管理层持股、独立董事对企业价值没有影响,审计委员会对企业价值有负向影响。