PENGARUH MEKANISME CORPORATE GOVERNANCE TERHADAP NILAI PERUSAHAAN
Abstract
This study aims to provide empirical evidence of the influence of corporate governance mechanisms on firm value. The population of the research comprises all companies listed on the Indonesian Institute for Corporate Governance (IICG) from 2016 to 2022. Purposive sampling was employed, resulting in a sample of 199 firm-year observations. The independent variable, corporate governance mechanisms, was measured using the Corporate Governance Perception Index (CGPI) score. The dependent variable, firm value, was measured using Tobin's Q and sales growth. Firm size, the control variable, was proxied by total assets. Hypothesis testing was performed using simple linear regression. The results indicate that corporate governance mechanisms have a positive and significant impact on firm value. These findings support agency theory, which posits that corporate governance mechanisms has a positive and significant reduce conflicts of interest between principals-agents.
References
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Indriastuti, M., Chariri, A., & Fuad, F. (2023). Good Corporate Governance, Corporate Social Responsibility Disclosure, Tax Avoidance Towards Firm Value. Trikonomika, 22(1), 19–25. https://doi.org/10.23969/trikonomika.v22i1.3912
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Karimah, R., Rahayu, M., & Damayanti, C. R. (2024). The Influence of Corporate Governance, Capital Structure, Company Growth on Dividend Policy and Firm Value in Consumer Goods Industry. Jurnal Administrasi Bisnis, 18(1), 30. https://profit.ub.ac.id
Kartika, I. (2021). Corporate Governance, Corporate Social Responsibility and Firm Value: Evidence from Indonesia. International Journal of Business Economics (IJBE), 3(1), 64–80. https://doi.org/10.30596/ijbe.v3i1.7912
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Mediyanti, S., Kadriyani, E., Sartika, F., Astuti, I. N., Eliana, E., & Wardayani, W. (2021). Tobin ’ s Q Ratio Sebagai Alat Ukur Nilai Perusahan Bank Tobin ’ s Q Ratio as a Measure Tool for the Value of a Islamic. JUPIIS: Jurnal Pendidikan Ilmu-Ilmu Sosial, 13(1), 242–247.
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Muntahanah, S., & Cahyo, H. (2022). Pengaruh Good Corporate Governance Terhadap Nilai Perusahaan Sektor Kesehatan Yang Terdaftar di BEI. E-QIEN Jurnal Ekonomi Dan Bisnis, 11(3), 820–829. https://stiemuttaqien.ac.id/ojs/index.php/OJS/index
Musa, Z., & Yahaya, A. O. (2023). Corporate Governance and Firm Value. Budapest International Research and Critics Institute (BIRCI-Journal) Humanities and Social Sciences, 6(4), 204–220. https://doi.org/10.33258/birci.v5i3.605x
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Published
2025-05-29
How to Cite
Annisa Mawardani Putri, & Widiastuty, E. (2025). PENGARUH MEKANISME CORPORATE GOVERNANCE TERHADAP NILAI PERUSAHAAN. Jurnal Riset Akuntansi Aksioma, 24(1), 127-139. https://doi.org/10.29303/aksioma.v24i1.474
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Copyright (c) 2025 Annisa Mawardani Putri, Erna Widiastuty
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