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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 Abdurahman Abdurrahman Abidinsah, Zainal Achmadi , Achmadi Achmadi Achmadi Afriadi, Fiqih Agrina Agung Nugroho Jati Agus Sastrawan Noor Akhmad Darmawan Alamsah, Mustopa Saeful Alamsyah, Azhar Zulkarnain Alfat Taqwa, Alsadyla Alfatihah, Sovia Alia, Sri Alia Nuriman Almet, Julianty Amalo, Maria Amir Hamzah Amrazi Zakso Anggraini, Dila Anggreni, Adetiya Angraini, Dila Anis Marjukah Annisa, Dea Apit Fathurohman Aprilia, Erika Astriani Ardiansyah, Dio Arief Surya Irawan Arif Julianto Sri Nugroho, Arif Julianto Sri Arikasuci Fitonnah Ridasepri, Arikasuci Fitonnah Arlina Azka Aryani Febriana, Idha Ashari Ashari Ayu Pertiwi, Linda Azhar, Amalya Nurul Aziza, Firda Nur Azra, Yurnida Afrina Bachrul Qolbi Khairudin, Muhamad Bagis, Fatmah Bahroen, Siti Um-um Andriyani Balqis, Calista Bambang Eka Purnama Bambang Eka Purnama Barli, Harry Bayduri Saputri, Titis Maharani Beoang, Maria Imaculata Nona Bulu Bistari Burhanuddin Basri Cahaya Nugrahani Cantona, Mario Herryaldo Chansyanah Diawati Dakim, Dakim Dandang Setyawanti Dangur, Fransiska Aping Darang, Calvin Lummu Darmawansyah, Iwan Dede Sumarna, Dede Desi Susilawati, Desi Deta, Herlina Umbu Dewi, Tevana Sari Dharma, Widya Dhiaulhaq, Mudrikah Dhinny Novryanthi Dhiu, Dalmasia Trisna Djungu, Dewi Fesbayati Lestari Duong, Dang Thi Anh Elita Ulfiana Erna Safariyah Ernoiz Antriyandarti Faridhatun Faidah Fatikhah, Wiwin Nafiatul Fatimah Riswati Febriyanto, Dedi Feriyadi, Feriyadi Fitriana, Dina Fitriana, Dina Fitriyah, Rizky Anik Foeh, Nancy Diana F. K. 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