Pengaruh Kinerja Keuangan Terhadap Nilai Perusahaan Dengan Good Corporate Governance Sebagai Variabel Moderasi

Abstract

<p class="Style1">This study will examine how the instruments of good corporate governance can moderate the impact of thefanancial performance of the company. Financial performance proxied by ROA, ROE and Leverage, while the value of the company with the Tobins Q. Good corporate governance is measured by the percentage ofinstitutional ownership. Hypothesis testing is done by multiple regression method with the classical assumption test first. The total population sample of 129 companies from manufacturing companies listed on the Stock Exchange.<em> The results of this study is good corporate governance as a system that can regulate the division of duties, rights and obligations of parties interested in the life of the company, including shareholders, board members, and managers can improve company performance impact on company value.</em></p>

The Effects Of Financial Performance Toward Firm Value With Ownership Structure As Moderating Variable (The Study On Manufacturing Companies Listed In Indonesia Stock Exchange In The Period Of 2012-2016)

“…This is in line with research conducted by Wijaya and Linawati (2015) and Heder and Priyadi (2017) which state that institutional ownership is not able to moderate the relationship of financial performance on firm value. Contrary to the research of Dewi and Tarnia (2011) and Sunarwijaya (2016) which states that institutional ownership is able to moderate the effect of financial performance on firm value.…”

“…Prasetyorini (2013) assumes that leverage has no significant effect on the value of the company because the company in financing its assets tends to use its own capital derived from retained earnings and share capital rather than using debt. Whereas Dewi and Tarnia (2011) and Cahyanto, et al (2014) precisely states that leverage has a positive and significant effect on firm value. Luthfiah,A,A., Suherman.…”

“…Sukirni (2012) found a positive relationship between institutional ownership and company value, this means that the greater the institutional ownership, the more efficient for company to use their assets and is expected to also act as a prevention of waste and manipulation of earnings that may be carried out by management so that it will increase the value of the company. In addition, Dewi and Tarnia (2011) stated that institutional ownership was considered to be able to moderate the relationship between financial performance and firm value.…”

Leadership and Motivation to built Morale and Quality of Lecturer's Work

“…As a result, leadership style plays a critical role in enhancing employee performance. (Dewi and Tarnia, 2019) conducted research on leadership and work quality; based on the results of calculations using the correlation spearman rank and the SPSS application, it was determined that there was a relationship between the general chairman of KSU Tandangsari's leadership style and the cooperative's employee performance. At KSU Tandangsari, partial testing reveals a relationship between leadership style and employee performance with a value of 0.717; this indicates a strong relationship between the two variables.…”

Faktor – Faktor Yang Mempengaruhi Nilai Perusahaan Dan Return Saham

“…Berdasarkan kriteria pengujian thhitunghlebih kecil daridtdtabel -0,211 < 2,03011 dan nilai signifikanjlebih besar dari 0,05dyaitu 0,834 > 0,05 makafHo diterima danfHa ditolak, maka variabel ROE tidakfadafpengaruh secara signifikan terhadapfNilaifPerusahaan. Hasilfpengujian ini sejalan dengan Dewi & Tarnia (2011) hal inifdapatfdiartikan bahwafdalam melakukan investasi tidak hanya melihatltingkatlpengembalianlyangltinggilmelainkanlinvestorljuga,melihat kondisi lingkungan investasi. Apabila tingkat pengembalian tinggi, tetapi iklim investasi tidak baik, maka investor akan mempertimbangkan suatulinvestasi.…”