PENGARUH GOOD CORPORATE GOVERNANCE DAN KINERJA KEUANGAN TERHADAP NILAI PERUSAHAAN BUMN DI INDONESIA

Abstract

One of the long-term goals to be achieved by a company is a high increase in the value of the company. There are several factors that can effect the value of the company, one of them is good corporate governance (GCG). The role of good corporate governanance in companies in Indonesia, especially BUMN, is stil relatively low because there are still many violations of good cororate governance that occur in Indonesia. This study ims to examine the effect of Good Corporate Governance and Financial Performance on Firm Value. Indicator of good corporate governance in this study is Board of Directors, independent commissioners, audit committee. The measurement of financial performance uses Return On Assets (ROA). This study on BUMN companies listed on Indonesia Stock Exchange for the 2014-2018 Period. The number of observations were 16 research samples used purpossive sampling method. The analysis technique used in this study is multiple linear regression analysis. The analysis show that board of director, independent commissioners, and Return on assets has a significant effect on firm value. This shows that the greater a board of director, independent commissioners and Return On Assets (ROA) has a significant effect of firm value. Audit committee has a no effect on firm value. This shows that the existence of the audit committee does not added value to the company.