Pengaruh Ukuran Perusahaan Dan Mekanisme Corporate Governance Terhadap Nilai Perusahaan
Abstract
This study aims to examine the influence of firm size, proportion of independent commissioners and ownership manejerial on value of firm. Population in this study is manufacturing companies listed on the Indonesia Stock Exchange in 2007 until 2010. Sample selection use purposive sampling method introduce 39 companies. Data of this study is secondary data, collected by documentation techniques. Statistical analysis used multiple linear regression analysis.
The results of statistical test showed that: 1) the firm size has a significant positive effect on firm value, where the value of significant 0.015 <0.05 (H1 accepted). 2) Proportion of independent commissioners has no significant effect on firm value, where the value of significant 0.572> 0.05 (H2 rejected). 3) Ownership manejerial has significant negative effect on firm value, where the value of significant 0.024 <0.05 and -0.031 negative β value (H3 rejected).
Implication of these findings are: 1) Company should pay attention to the implementation of good corporate governance accordance with applicable rules. 2) Investors preferably in investing in companies are concerned about the corporate mechanism governanace and firm size. The suggestion of further research is to extend the period of observation, adding the company sampled categories as well as add other information as variables that might impact on firm value.
Keyword: Firm Size, Independent Commissioners, Manejerial Ownership, Value of FirmFull Text:
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