<![CDATA[This study’s purposes are to analyze the effect of financial risk and the implication of Good Corporate Governance (GCG) that can affect the Corporate Value. The Financial Risk’s proxy in this study is Debt to Equity ratio, whereas the GCG’s proxy are institutional ownership, manajerial ownership, audit comittes, and independence commissioners. The Firm’s Value proxy in this study is Tobin’s Q Value. The Data Collection method in this study use purposive sampling on property and real estate Subsector firms those listed in BEI during 2009-2014. 34 firmsare thetotal samples of this research. The analysis method in this study used classic assumption test and multiple regression method to test the validity of the hypothesis. The results of this study show that financial risks proxy (DER) doesn’t have any signicance towards firm’s value. Whereas, some of Good Corporate Governance variables are have different significance results among of it. Institutional ownership is not significantly affect towards firm’s value, Managerial ownership is not significantly affect towards firm’s value, and “independent commissioners†variable is not significantly affect towards firm’s value, but “the number of Audit Committee†variablehas significant affection toward firm’s value. Keywords :     Firm’s Value (Tobin’s Q), financial risk, debt to equity ratio, good corporate governance, Institutional Ownership, managerial ownership, audit committee, independent commissioners.   ]]>
