Pengaruh Good Corporate Governance dan Ukuran Perusahaan terhadap Nilai Perusahaan pada Sektor Properti dan Real Estate yang Terdaftar di BEI Periode 2020-2022

Abstract

ABSTRACT

Firm value can be used as an assumption by investors in seeing the company's success rate in line with the company's share price. Maximizing company value is the same as paying attention to the prosperity of stakeholders. Therefore, companies need to focus on corporate governance. This can give a good impression of the company and the prospect of sustainability of the company. Thus, it can attract investors to invest in the company. The purpose of this study was to determine the effect of good corporate governance mechanisms and company size on firm value. The research method used is quantitative research method with secondary data. This research was conducted at property and real estate sector companies listed on the Indonesia Stock Exchange for the period 2020 - 2022. The method of determining the sample using purposive sampling with the criteria of companies that publish annual reports for consecutive periods in 2020 - 2022, thus obtaining 35 observations. The data analysis technique used is multiple linear regression analysis with data presentation assisted by SPSS version 26. The results of this study indicate that good corporate governance mechanisms, including institutional ownership, independent commissioners, and audit committees have a positive influence on firm value. Company size has a positive influence on firm value. Based on these results, there are four factors that affect firm value, namely institutional ownership, independent commissioners, audit committees, and company size. This factor is expected to be a consideration for investors in investing because increasing company value is indicated by increasing the company's share price so that investors get optimal profits (returns).

Keywords: Institutional Ownership, Independent Commissioner, Audit Committee, Company Size, Company Value

ABSTRAK

Nilai perusahaan, yang mencerminkan harga saham, merupakan indikator kunci bagi investor dalam mengevaluasi kesuksesan perusahaan dan memaksimalkan nilai perusahaan sejalan dengan keberpihakan terhadap para stakeholder. Fokus pada tata kelola perusahaan yang baik menjadi kunci untuk menciptakan kesan positif dan membangun prospek berkelanjutan yang menarik bagi calon investor. Penelitian ini bertujuan untuk menyelidiki dampak mekanisme tata kelola perusahaan yang baik, termasuk kepemilikan institusional, komisaris independen, dan komite audit, serta ukuran perusahaan terhadap nilai perusahaan. Melalui metode penelitian kuantitatif dengan data sekunder, studi dilakukan pada perusahaan di sektor properti dan real estate yang terdaftar di Bursa Efek Indonesia selama periode 2020-2022. Hasil penelitian menunjukkan bahwa faktor-faktor ini, yakni kepemilikan institusional, komisaris independen, komite audit, dan ukuran perusahaan, secara signifikan berkontribusi pada peningkatan nilai perusahaan. Hal ini memungkinkan para investor untuk mempertimbangkan faktor-faktor tersebut dalam keputusan investasi mereka, karena peningkatan nilai perusahaan sering kali tercermin dalam kenaikan harga saham, yang pada akhirnya dapat memberikan keuntungan optimal bagi mereka.

Kata kunci: Kepemilikan Institusional, Komisaris Independent, Komite Audit, Ukuran Perusahaan, Nilai Perusahaan