The Influence of Good Corporate Governance on Company Value in Food and Beverage Subsector Manufacturing Companies Listed on the Stock Exchange for the 2017-2021 Period
Keywords:
Institutional Ownership, Managerial Ownership, Independent Commissioner, Company ValueAbstract
The study was conducted to examine and analyze the effect of managerial ownership, institutional ownership, and independent commissioners on the value of manufacturing companies in the food and beverage sub-sector listed on the Indonesia Stock Exchange (IDX) during 2017-2021. The research sample consisted of 11 companies that produced 55 data reports and were selected by purposive sampling. Data analysis used multiple linear regression analysis. The results show that simultaneously, managerial ownership, institutional ownership, and independent commissioners have an effect on firm value (Tobin's Q). Partially, institutional ownership and managerial ownership have a significant positive effect on firm value, while independent commissioners have no effect on firm value.
