PENGARUH GOOD CORPORATE GOVERNANCETERHADAP NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) TAHUN 2018-2020

HR, Irma PENGARUH GOOD CORPORATE GOVERNANCETERHADAP NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) TAHUN 2018-2020. PENGARUH GOOD CORPORATE GOVERNANCE TERHADAP NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) TAHUN 2018-2020. (Submitted)

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Abstract

Irma HR (2022). This study aims to determine the effect of Good Corporate Governance on firm value with profitability as an intervening variable. Good Corporate Governance in this study uses indicators of institutional ownership. The population in this study are manufacturing companies listed on the Indonesia Stock Exchange during the 2018-2020 period. Sample selection was carried out by purposive sampling method from 158 publicly listed companies obtained 10 sample companies that met the requirements. The data analysis technique used is path analysis to determine the amount of the contribution shown by the path coefficients on each path diagram, hypothesis testing using t-statistics and F-statistics, besides classical assumption testing which includes normality test, multicollinearity test, heteroscedasticity test and autocorrelation test. During the observation period, it was shown that the research data were normally distributed. Based on the normality test, multicollinearity test, heteroscedasticity test and autocorrelation test, there were no variables that deviated from the classical assumptions. The results of this study indicate that: 1) GCG has no positive and significant effect on firm value, 2) GCG has no effect on profitability as measured by ROA, 3) Profitability as measured by ROA has a positive and significant effect on firm value. The results show that only profitability has an effect on firm value. This means that high profitability can provide added value to the company. This means that high profitability can provide added value to the company's value, which is reflected in the increase in PBV value. It is recommended in the next research to use other indicators of each variable in this study. Keywords: Good Corporate Governance (GCG), Profitability (ROA), Firm Value (PBV).

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