PENGARUH KEPEMILIKAN MANAJERIAL, KEPEMILIKAN INSTITUSIONAL, DEWAN KOMISARIS INDEPENDEN DAN KOMITE AUDIT TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA
Daftar Isi:
- This study aims to test empirically the influence of the structure governance includes corporate (managerial ownership, institutional ownership, independent commissioner and the audit committee) of the firm value as measured by the value of Tobin's Q. Corporate Governance structure is needed within the company to manage the company to run in accordance with company objective. Control of the company will minimize a conflict between the management and external parties, using the companies listed in Indonesia Stock Exchange will be known how the effect of corporate governance structure on firm value, particullary manufacturing firms. The sample in this study were manufacturing companies listed on the Indonesia Stock acquired by purposive sampling method. Study period used is from 2008 until 2010. Based on predetermined criteria, then obtained a sample of 105 companies that research. Testing the hypothesis in this study carried out by using multiple linear regression analysis. Before the multiple linear regression analysis, first tested the F and t test The results show that managerial ownership and independent commissioners proven effect on firm value. While institutional ownership and audit committees are not proven to affect the value of the company. Key words : Corporate Value, Managerial Ownership, Institutional Ownership, Commissioner of the Independent Audit Committee