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Journal : GREENOMIKA

The Effect of Corporate Governance on Firm Value in Food and Beverage Sector Companies in Indonesia Purwanti, Titik; Kuntaryanto, Oki; Utami, Tri; Marjukah, Anis; Darmawansyah, Iwan; Kalbuana, Nawang
GREENOMIKA Vol. 6 No. 2 (2024): GREENOMIKA
Publisher : Universitas Nahdlatul Ulama Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55732/unu.gnk.2024.06.2.7

Abstract

This study examines the effect of corporate governance through institutional ownership, public ownership, and audit committee on firm value in the food and beverage sector listed on the Indonesia Stock Exchange (IDX). The research sample consisted of 32 companies from a total of 49 companies listed in the 2020-2022 period, which were selected using purposive sampling method based on certain criteria. The analysis was carried out using multiple linear regression, the results showed that the three variables had a significant effect on firm value as measured by the Price to Book Value (PBV) ratio. Institutional ownership shows the strongest influence, which shows the importance of external supervision in improving the efficiency and transparency of the company. Public ownership, despite its smaller effect, still contributes to management accountability and stock liquidity. The existence of an effective audit committee also plays an important role in improving the integrity of financial statements and risk management, which in turn increases investor confidence and firm value. This study confirms the importance of good corporate governance to increase the market value of companies in the food and beverage sector.
The Effect of Corporate Governance on Firm Value in Food and Beverage Sector Companies in Indonesia Purwanti, Titik; Kuntaryanto, Oki; Utami, Tri; Marjukah, Anis; Darmawansyah, Iwan; Kalbuana, Nawang
GREENOMIKA Vol. 6 No. 2 (2024): GREENOMIKA
Publisher : Universitas Nahdlatul Ulama Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55732/unu.gnk.2024.06.2.7

Abstract

This study examines the effect of corporate governance through institutional ownership, public ownership, and audit committee on firm value in the food and beverage sector listed on the Indonesia Stock Exchange (IDX). The research sample consisted of 32 companies from a total of 49 companies listed in the 2020-2022 period, which were selected using purposive sampling method based on certain criteria. The analysis was carried out using multiple linear regression, the results showed that the three variables had a significant effect on firm value as measured by the Price to Book Value (PBV) ratio. Institutional ownership shows the strongest influence, which shows the importance of external supervision in improving the efficiency and transparency of the company. Public ownership, despite its smaller effect, still contributes to management accountability and stock liquidity. The existence of an effective audit committee also plays an important role in improving the integrity of financial statements and risk management, which in turn increases investor confidence and firm value. This study confirms the importance of good corporate governance to increase the market value of companies in the food and beverage sector.
Co-Authors Abdul Haris Abdul Haris Abdul Haris Agung N Jati Agung N. Jati Agung N. Jati Agung N. Jati Agung Nugroho Jati Agustin, Nunung  Haryani  Ambyah Atas Aji Anis Marjukah Anis Marjukah Anis Marjukah Anna F. Setianingtyas Anna Febrianty Anna Febrianty Anna Febrianty Setianingtyas Arif Julianto Sri Nugroho, Arif Julianto Sri Ayu Setiani Mayzaroh Budhi Wilardjo, Setia Cahaya Nugrahani Cahaya Nugrahani Cahaya Nugrahani Cucut Prakosa Dandang Setyawanti Darmawansyah, Iwan Duong, Dang Thi Anh DWI SANTOSO Dwi Santoso ellyta muchtar, ellyta Endang Wulandari Endang Wulandari Endang Wulandari Endang Wulandari Endang Wulandari Eva Desembrianita Gunawan Budi Santoso Hartanto Hersulastuti I Nyoman Adi Putra Jefri Lukito Kalbuana, Nawang Khusnah, Hidayatul Kun Ismawati kun ismawati Kun Ismawati Lukito, Jefri Luklukaningsih Margo Saptowinarko Prasetyo Marista Winanti Sutadipraja Nugraheni, Cahaya Oki Kuntaryanto Oki Kuntaryanto Oki Kuntaryanto Oki Kuntaryanto Pratono, Sigit Adhi Putri Vina Sefaverdiana Rachim, Annisa Fajrina Reko Saprianto Rima Sampur Tri Wahyuni Riri Zelmiyanti Setia Budhi Wilardjo Setiyadi, D. B. P. Shanti, Yunita Kurnia sudarmadi sudarmadi Suhardi Suhardi Sukasih Ratna Widayanti Susyanti Susyanti, Susyanti Sutadipraja, Marista Winanti Syarifah Aini Syarifah Aini Syarifah Aini Tasari, Tasari Titik Purwanti Tri Utami Tri Utami Tri Utami Ummu Hany Almasitoh Warindra, Ade Septiarisna Wulandari, Endang Yunita Kurnia Shanti Zuyina Luklukaningsih Zuyina Luklukaningsih Zuyina Luklukaningsih