PENGARUH MEKANISME CORPORATE GOVERNANCE, LEVERAGE,DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN

Abstract

Purpose of this research is to examine influence of Corporate Governance
mechanism, leverage, and profitability to firm’s value of manufacturing companies
listed at Indonesian Stock Exchange during 2010-2012. Firm’s value is calculated by
using Tobin’s Q. Meanwhile Corporate Governance mechanism is measured by board
of director, independent commissioners, institutional ownership, and audit committee.
Samples used in this research are manufacturing companies listed at Indonesian Stock
Exchange on period
2010-2012. This research uses purposive sampling method to choose samples so
it is resulted 30 companies as samples. Data is analyzed by using multiple regression
method. This study finds that board of director, independent commissioners, leverage
and profitability has significant positive effect to firm’s value. Besides, this research
proves there is significant negative influence from institutional ownership on firm’s
value. Whereas, other variables that is audit committee have no significant effect to
firm’s value