Pengaruh Good Corporate Governance, Profitabilitas dan Struktur Modal Terhadap Nilai Perusahaan (Studi pada Perusahaan Sektor Manufaktur yang Terdaftar di BEI 2022-2024)

Frisha Nayswa Nandita, Maslichah Maslichah, Nuril Badria

Abstract


This study aims to determine the effect of good corporate governance, profitability, and capital structure on firm value in manufacturing sector companies listed on the Indonesia Stock Exchange (IDX) for the period 2022-2024. This study examines the effect of good corporate governance (X1), profitability (X2), and capital structure (X3) on firm value. Firm value in this study is measured using Price to Book Value (PBV), Profitability using Return on Assets (ROA), and Capital Structure using Debt to Equity Ratio (DER). Meanwhile, Good Corporate Governance is measured through institutional ownership, managerial ownership, and an independent board of commissioners. The study uses a quantitative approach with multiple linear regression analysis. The sampling technique used a purposive sampling method, with a total sample of 166 manufacturing companies that met the research criteria. The results show that the variables of good corporate governance, profitability, and capital structure simultaneously influence firm value. While partially institutional ownership has a negative and significant effect on company value, managerial ownership does not have a significant effect on company value, independent board of commissioners does not have a significant effect on company value, profitability has a positive and significant effect on company value and capital structure does not have a significant effect on company value.

Keywords: Good corporate governance, profitability, capital structure, firm value, pbv


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References


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