THE EFFECT OF RETURN ON EQUITY ON COMPANY VALUE WITH THE INDEPENDENT BOARD OF COMMISSIONERS AND THE AUDIT COMMITTEE AS MODERATING VARIABLES

Achmad Daengs GS (University 45 Surabaya, Indonesia)
Enny Istanti (Bhayangkara University Surabaya, Indonesia)
Diana Zuhro (University 45 Surabaya, Indonesia)
Retno Susanti (University 45 Surabaya, Indonesia)
Sutini Sutini (University 45 Surabaya, Indonesia)
Ruchan Sanusi (Bhayangkara University Surabaya, Indonesia)
Syafi'i Syafi'i (Bhayangkara University Surabaya, Indonesia)
Sutopo Sutopo (Bhayangkara University Surabaya, Indonesia)
Ali Muhdor (Bhayangkara University Surabaya, Indonesia)
Bramastyo Kusumonegoro (Bhayangkara University Surabaya, Indonesia)

International Journal of Economics and Management Research
Vol. 1 No. 2 (2022): August: International Journal of Economics and Management Research

The purpose of this study was to analyze financial performance as measured by Return on Equity (ROE) on firm value as measured by Tobin's Q as well as to analyze the Corporate Governance mechanism as a moderating variable. The aim of this research is to find empirical proof about (a) the influence of financial performance to firm value, (b) the influence of independent commissioners as moderating variable in the relationships between financial performance and firm value, (c) the influence of audit committee as moderating variable in relationships between financial performance and firm value. The sample of this research is mining firms which are listed on the Indonesia Stock Exchange (IDX) over 2008-2011. The research sample are 10 firms with 39 observations. To analyzed the data using software SPSS ver. 16.0.