PENGARUH PENERAPAN GOOD CORPORATE GOVERNANCE TERHADAP NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI VARIABEL MODERASI (Studi Empiris Pada Perusahaan Sub Sektor Property dan Real Estate yang Terdaftar di BEI 2016-2020)

Kharisma Firdaus, Anny Widiasmara, Maya Novitasari

Abstract


The aim of this study was to determine the effect of institutional ownership, independent commissioners, and audit committees towards firm value. In addition, to find out profitability is able to moderate the effect of institutional ownership, independent board of commissioners, and audit committee towards firm value. The sample in this study amounted to 81 property and real estate sub-sector companies listed on the Indonesia Stock Exchange for the 2016- 2020 period. The research method used was quantitative with secondary data collection techniques. The analysis technique used multiple linear regression analysis, moderated regression analysis (MRA) and the analytical tool used was SPSS 20. The results show that institutional ownership, independent commissioners and audit committees have a significant effect towards firm value. Profitability is able to moderate the effect of institutional ownership and independent board of commissioners towards firm value. Profitability is not able to moderate the influence of the audit committee towards firm value. Keywords: Institutional Ownership, Independent Board of Commissioners, Audit Committee, Company Value, Profitability, Good Corporate Governance.

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