Jurnal Ekonomi
Vol. 12 No. 01 (2023): Jurnal Ekonomi, 2023 Periode Januari - Maret

THE THE EFFECT OF GOOD CORPORATE GOVERNANCE ON STOCK PRICE THROUGH CORPORATE VALUE IN THE FINANCIAL SERVICES CLUSTER OF INDONESIAN BUMN COMPANIES

Lily Karlina Nasution (Politeknik LP3I Medan)
Mayang Murni (Universitas Samudra)
Ika Sari Dewi (Politeknik LP3I Medan)



Article Info

Publish Date
17 Jan 2023

Abstract

A good financial services company can be assessed by the quality of the performance of its issuers as assessed by good corporate governance and the value of its profitability. Thepurpose of this study is to identify the effect of good corporate governance, which is proxied by institutional ownership, managerial ownership, the audit committee, and the board of commissioners, and profitability, which is proxied by return on assets, on share prices in BUMN companies in the financial services cluster for 2017–2021. The data used is secondary data from the financial statements of the BUMN companies in the financial services cluster and is analyzed using multiple linear regressions. The results of the study show that simultaneously, the institutional ownership, managerial ownership, audit committee, board of commissioners, and return on assets variables have a significant effect on stock prices. Meanwhile, only the audit committee variable partially has no effect on the stock price, while the institutional ownership, managerial ownership, board of commissioners, and profitability variables have a significant effect on the stock price.

Copyrights © 2023






Journal Info

Abbrev

Ekonomi

Publisher

Subject

Economics, Econometrics & Finance

Description

Jurnal Ekonomi [p. ISSN 2301-6280, e. ISSN 2721-9879] is a peer-reviewed journal published Half times a year (June, and December) by SEAN Institute. Jurnal Ekonomi is intended to be the journal for publishing articles reporting the results of economics research. Jurnal Ekonomi invites manuscripts ...