Pengaruh Likuiditas, Leverage, Kebijakan Dividen, Ukuran Perusahaan, Good Corporate Governance dan Sales Growth Terhadap Nilai Perusahaan

Abstract

This study was conducted to determine the effect of liquidity, leverage, dividend policy, firm size, good corporate governance, and sales growth on firm value in manufacturing companies listed on the Indonesian Sharia Stock Index (ISSI) for the 2016 – 2020 period. Listed on the Indonesian Sharia Stock Index (ISSI) with a study period of 5 years. The sample selection method was purposive sampling and obtained 29 companies that matched the sample criteria. The data analysis method uses panel data and ordinary least square (OLS). The results of hypothesis testing show that partially liquidity has a negative and significant effect on firm value, leverage has a negative and significant effect on firm value, dividend policy has a positive and significant effect on firm value, firm size has a positive and significant effect on firm value, board of commissioners size has a negative and significant effect on firm value, audit committee size has a negative and significant effect on firm value, and sales growth has a negative and significant effect on firm value. Simultaneously there is a significant influence of liquidity, leverage, dividend policy, firm size, board of commissioners size, audit committee size, and sales growth on firm value.

The Effect of Leverage, Good Corporate Governance and Company Growth on Earnings Management with Company Size as an Intervening Variable

“…Good Corporate Governance (GCG) refers to the framework, principles, and best practices used to manage and supervise a company. Good Corporate Governance (GCG) is designed to ensure that the company is run transparently, ethically, efficiently, and in accordance with applicable laws and norms (Herdiani et al, 2021) The main objective of Good Corporate Governance (GCG) is to create long-term value for shareholders and all parties involved, including employees, customers, suppliers, and the general public. (Riyani, 2015) It is important to note that the growth of the company must be managed wisely to minimize risks and ensure long-term sustainability (Saputra & Zulfikar, 2023)The growth plan must be in accordance with the company's vision and mission, and take into account market conditions, competition, and economic changes.…”

Pengaruh Ukuran Perusahaan Terhadap Nilai Perusahaan Melalui Corporate Governance Pada Industri Perbankan Di Indonesia

“…Penelitian yang dilakukan oleh Herdiani et al, (2021) menyimpulkan bahwa ukuran sebuah perusahaan berpengaruh pada corporate governance, sedangkan penelitian yang dilakukan oleh Kamluddin (2018) dan Krisnando & Sakti (2019) menyatakan bahwa ukuran perusahaan tidak memiliki pengaruh terhadap corporate governance. Perbedaan hasil penelitian terdahulu sebagian besar menyatakan bahwa ukuran perusahaan tidak memiliki pengaruh pada corporate governance.…”