PENGARUH DER, INVESTASI DAN MEKANISME CORPORATE GOVERNANCE TERHADAP NILAI PERUSAHAAN (Studi Empiris pada Perusahaan Indeks LQ45 di Bursa Efek Indonesia)

Abstract

This research was performed to analyze the influence of debt equity ratio (DER), investment opportunity set (IOS), managerial ownership, board of director and audit committee on firm value Sample of this research was companies listed in the Indonesian Stock Exchange and include in the LQ45 index for the period of 2004-2006. Data was collected from annual reports recorded in the 2007 Indonesian Capital Market Directory (ICMD) and was analyzed using regression model. The result of this research showed that DER and IOS positively affected firm values. But this research shows that board of director and audit committee didn’t have influence to firm values. Meanwhile, managerial ownership negatively influence to firm value.