PERANAN GOOD CORPORATE GOVERNANCE DALAM MEMODERASI PROFITABILITAS DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN

  • Sawitri Kemala Putri
  • St. Dwiarso Utomo

Abstract

Based on the data obtained, this study was made with intention of analyzing the role of good corporate govenance in
moderating profitability and company size against firm value in manufacturing companies listed on the IDX with 3
years of observation, namely the 2017-2019 period. The independent variable is proxied using Return On Assets (ROA)
as the profitability variable and SIZE as the firm size variable. The moderating variable is proxied using Managerial
Ownership (KM), while the dependent variable uses the proxy Tobins'Q. The population is manufacturing companies in
2017-2019 listed on the IDX. The sample taken is 79 manufacturing companies with purposive sampling method. The
method of analysis uses multiple linear regression. The results of the research tested show that ROA and SIZE have an
influence on firm value. However, KM is not able to moderate the effect of ROA on firm value. And KM moderates the
influence of SIZE on firm value.

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