PENGARUH GOOD CORPORATE GOVERNANCE, KARAKTERISTIK PERUSAHAAN, DAN RASIO KEUANGAN

Abstract

The purpose of this research is to obtain empirical evidence about the effect of good corporate governance (managerial ownership, board of independent commissioner, audit committee), company’s characteristics (firm size and return on equity), and financial ratios which in this research measured by using sales growth,, leverage and activity ratio to  firm value. Sample used in this research are all manufacturing companies listed in Indonesia Stock Exchange during the research period from 2014 until 2016. Sample selection method used is purposive sampling, in which 64 companies meet the criteria, resulting 192 data are taken as sample. Research data is analyzed by doing hypothesis test using multiple regression method to determine the model of research. The results of this research show that board of independent commissioners, firm size, return on equity, leverage, and activity affect firm’s value, while managerial ownership, audit committee, and sales growth have no effect to firm’s value.