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Journal : Jurnal Ilmiah Bisnis dan Ekonomi Asia (Jibeka)

The Mechanism of Good Corporate Governance, Company Size, and Leverage on The Value of Indonesian State-Owned Enterprises Cantika, Arinda; Darto, Darto
Jurnal Ilmiah Bisnis dan Ekonomi Asia Vol 19 No 2 (2025): Jurnal Ilmiah Bisnis dan Ekonomi Asia
Publisher : Institut Teknologi dan Bisnis Asia Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32815/jibeka.v19i2.2366

Abstract

Business growth is currently increasingly rapid and this includes the role of economics, social politics and technological progress. The existence of developments in the economy in Indonesia is proven by the increasing number of companies listed on the Indonesian Stock Exchange (BEI). The purpose of this study was to determine and analyze the effect of Independent Board of Commissioners, Institutional Ownership, Audit Committee, Company Size, and Leverage to Firm Value in BUMN companies in Indonesia. The research method used in this study is panel data regression analysis, with purposive sampling method, the research sample is 16 BUMN companies BUMN companies on the Indonesia Stock Exchange for the 2018-2022 period. The results showed that, in the first model, Independent Board of Commissioners had a negative and insignificant effect, Institutional Ownership had a negative and insignificant effect, Audit Committee had a negative and insignificant effect, Company Size had a positive and significant effect, and Leverage had a positive and significant effect on Firm Value.
Co-Authors Abas, Azlan Abdullah, Muhammad Solihin Agus Iswantoko Aiyub, Kadaruddin Ali Murtadho, Mohammad Alifa, Rosita Andry Priharta Angelia Ratnasari, Affi Anggraeni, Asih Annaufal, Ubbayu Arista, Juliana Ashari, Ari Bagiasna, Komang Bilal Syahrul Istiqlal, Ahmad Budiman Rusli Cantika, Arinda Dian Nur Aini, Dian Nur Eko Retnowati, Eko Elisa Susanti Eriana Melinawati Farras Wahdan, Arib Firman Nusa, Rafi Handoyo Saputro, Handoyo Haryanto, Lorenta In Hasan, Saiful Hasanah Hasanah Helfi Gustia Hermawan Udiyanto Hermawan, Rizki Heru Priyanto Heru Priyanto Hidayat, Sri I Made Sunada Karindra, Diva Anastasya Kurnia Irawati, Raden Roro Astrid Kurniawan, Pradhana Laqif, Abdurahman Lemsoh, Jarunee Maryati Maryati Miftah Andriansyah, Miftah Miftah, Ahmad Zaini Mudasir Mudasir Mufidah, Wardatul Muharam, Riki Satia Muhtady, Dedi Muhtar, Entang Adhy Muksin, Nani Nuraini Natalia, Deska Nazifah Husainah Ngudi Insan Ksyatria, Yudhistira Nina Karlina Nurlaily Rafikalia Iskandar, Winda Nursanti, Erma OKTA MAHENDRA, OKTA Prisasanti, Dympna Prameilita Puji Hariati Winingsih, Puji Hariati Putri, Rachma Ghevira Rahmad Mulyadi, Rahmad Rahmawati, Astri Rantasari, Affi Angelia Ratnasari, Affi Angelia Ratri Ariatmi Nugrahani Rd. Ahmad Buchari, Rd. Ahmad Renty Anugerah Mahaji Puteri Renty Anugerah Mahaji Putri Rusdijanto Rusdijanto, Rusdijanto Sari, Fatma Sebastian, Rio Sholihah, Sitta Hasanatin Sudjatmiko Sudjatmiko, Sudjatmiko Sulaiman Zuhdi Suryasari, Gadis Tazid, Abu Teguh Prakosa, Teguh Thahir, Musa Tri Yuni Hendrawati Tria Astika Endah Permatasari Uki Retno Budihastuti Ummul Habibah Hasyim Wasyanto, Trisulo Wibowo, Sandi Yusuf Heri Wijayanti, Agung Sari Wusono, Ciska Nabilla