Pengaruh Mekanisme Corporate Governance terhadap Return Saham dan Nilai Perusahaan

Ayuningtyas, Dewi Churniyati, N.A.

2007 | Skripsi | S1 Extention - Management

This research aim to know the influence between mechanism of corporate governance by return share and firm"s value. Background this research is agency theory dissociating between ownership and controlling. Agency theory bring the consequence of appearance of agency problem caused by importance difference between owner and manager. Various effort can be done by management to run their function better. This efforts come within in corporate governance. Corporate Governance can be done by through various mechanism for example mechanism of structure leadership and mechanism of structure ownership. In this research, return share counted by using annual return share and firm"s value measured by Tobins Q or Q Ratio. Mechanism of corporate governance measured with four variable, that is proportion of Independent Commissary, proportion of ownership of share by Board of Directors, proportion of ownership of share by Board of Comisioner, and proportion ownership of share by institutional. Research conducted at go public firm"s listed in Jakarta Stock Exchange of year 2006. This research prove that mechanism of corporate governance don't have the influence by return share. But by parsial, proportion of ownership of share by Institutional have an effect on the negativity to return share. Mechanism of corporate governance have the negative influence with the firm"s value. By parsial, proportion of indipenden commissary, proportion of ownership of share by commissary, and proportion of ownership of share by Institutional have the negative relation with the firm"s value. Keyword: Corporate Governance, agency theory, agency problem, firm"s value.

Kata Kunci : Corporate Governance, agency theory, agency problem, firm"s value