Optimizing Company Value: Size, Governance and Financial Performance on the Indonesian Stock Exchange

Andrea Ciptha (Accounting Department, STIE Pembangunan Tanjungpinang, Indonesia)
Muhammad Isa Alamsyahbana (Accounting Department, STIE Pembangunan Tanjungpinang, Indonesia)
Raja Yulianita Sarazwati (Accounting Department, STIE Pembangunan Tanjungpinang, Indonesia)
Novica Indriaty (Accounting Department, STIE Pembangunan Tanjungpinang, Indonesia)

EKONOMIS : Journal of Economics and Business
Vol 8, No 2 (2024): September

This study aims to investigate how the size of a company and its adherence to good corporate governance affect its value, with a focus on food and beverage companies listed on the IDX during the period from 2020 to 2022. The research sampled 37 companies using purposive sampling. It employed a quantitative approach, with data collected through literature review and web searches, primarily from official agency websites providing relevant reports. Data analysis was conducted using the Econometric Views (E-Views) 12 application. The findings indicate that while company size and good corporate governance do not directly impact financial performance, they do influence company value when financial performance serves as an intermediary variable.