The Influence of Profitability, Institutional Ownership, Capital Structure and Good Corporate Governance on Company Value

Dania Anggita Sari  Wahyudi; Perdana Wahyu Santosa

doi:10.64463/8feafp28

Authors

Dania Anggita Sari Wahyudi Faculty of Economics and Business, YARSI University, Jakarta Author
Perdana Wahyu Santosa Faculty of Economics and Business, YARSI University, Jakarta Author

DOI:

https://doi.org/10.64463/8feafp28

Keywords:

Profitability, Institutional Ownership, Capital Structure, Good Corporate Governance, Firm Value

Abstract

The purpose of this study is to determine the effect of Profitability, Institutional Ownership, Capital Structure, Good Corporate Governance on Company Value partially or simultaneously, and from an Islamic perspective. The research method used is a quantitative research method and uses secondary data, namely non-financial LQ45 companies listed on the Indonesia Stock Exchange. The sample used was 13 companies with a time period of 2019-2023 through a purposive sampling method. The analysis method used is panel data regression analysis using E-views 12 software. The results of this study indicate that: Profitability has a positive effect on Company value, Institutional Ownership does not affect Company value, Capital Structure has a negative effect on Company value, Good Corporate Governance does not affect Company value, Profitability, Institutional Ownership, Capital Structure, and Good Corporate Governance simultaneously affect Company value, Profitability, institutional ownership, capital structure and good corporate governance in LQ45 companies. The managerial implication is to emphasize the importance of managing these aspects strategically to increase company value. Managers must ensure that profitability remains optimal because high profits can attract investors and increase market confidence. Strong institutional ownership needs to be utilized to create better supervision and control over the company's operations

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