MEKANISME GOOD CORPORATE GOVERNANCE TERHADAP NILAI PERUSAHAAN DENGAN INVESTMENT OPPORTUNITY SET SEBAGAI VARIABEL MODERATING Studi pada Perusahaan Keluarga yang Terdaftar di Bursa Efek Indonesia Periode 2008-2016
Daftar Isi:
- The company was founded with the purpose of increasing the firm value so it can provide prosperity for owner or shareholders. GCG and IOS is an effort to increase the firm value. The objective of this research is to examine the influence of GCG mechanisms on firm’s value with IOS as an moderating variable in family’s companies. The population of this research is family’s companies listed on the Indonesia Stock Exchange in 2008 – 2016. The sample of this research are 15 companies was taken by using purposive sampling method. This research used software IBM SPSS version 22 as the instrument to test the hypotheses. In analysing the data, this research used descriptive analysis, multiple regresion analysis and moderate regresion analysis. The results of this study revealed that managerial ownership and independent commissaries board not have effect on firm’s value, and institutional ownership have a positive effect on firm’s value. And simultan test revealed that good corporate governance mechanism not have effect on firm’s value. This study also showed that investment opportunity can give support the effect of good corporate governance mechanisms on firm’s value. This research has a limitation because its sample consists of 15 companies and the sample of companies not differentiate to a sector. Future studies are expected to increase of sample and research family’s companies to certain sector.