Corporate Value Impact of Managerial Ownership, Institutional Ownership and Audit Committee
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Abstract
This study aims to analyze the effect of Good Corporate Governance as proxied by managerial ownership, institutional ownership, and audit committee on company value as proxied by Tobin's Q in textile and garment sector companies listed on the Indonesia Stock Exchange for the period 2014-2018. The population in this study were textile and garment manufacturing companies listed on the Indonesian stock exchange and reported their financial reports consistently. The method of analysis used in this research is quantitative research methods with descriptive analysis. The results of the study indicate that the variables Managerial Ownership, Institutional Ownership and the Audit Committee simultaneously affect the Company Value as proxied by Tobins' Q. Whereas partially managerial ownership variable has an effect on firm value, institutional ownership variable has no effect on firm value and audit committee variable has a significant effect on firm value as proxied by Tobins' Q.
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