Corporate Governance in the Effort of Increasing the Company’s Value  

Oleh:

Dewi, Nurul Hasanah Uswati

Jenis: Article from Journal - ilmiah nasional - terakreditasi DIKTI
Dalam koleksi: Journal of Economics, Business, & Accountancy: ventura vol. 15 no. 2 (Aug. 2012), page 331-342.
Topik: corporate governance; firm value; corporate governance index
Fulltext: 331 – 342_ros.pdf (62.42KB)

Isi artikel

It is important for the company to have its high value because it resembles the spirit of shareholders increasing wealth. The higher share prices make the higher the value of company stock. This study tries to examine the impact of the implementation of corporate governance on company value and also explores the impact of firm value to the implementation of corporate governance. This testing carried out on the top ten corporate governance perception indexes (CGPI) with other companies that are not in the top ten, but still within the same industry on company value. This study examined the different value of the company as measured by Market to Book Value Equity (MTBVE), Market to Book Value Asset (MTBVA), Tobin's Q, the ratio of Value to book value of PPE (Property, Plant, and Equipment), the Ratio of Value to Depreciation Expense, Capital Expenditure to Book Value Asset(CAPBVA) and Capital Asset Expenditure to Market Value (CAPMVA). The result shows that only the value of MTBVE and the variable MTBVA among the top ten companies CGPI and does not in the top ten showed a difference. Therefore, the company value as indicated by MTBVE and MTBVA of the company receiving the top ten corporate governance index is higher than companies that did not receive.

Opini Anda

Klik untuk menuliskan opini Anda tentang koleksi ini!

Kembali