| The existence of corporate governance is expected to create a balance between the various interests so that it can provides benefits to the company to enhance shareholder value. Another benefit from properly executed of corporate governance, it can also increase the value of company shares as well as to improve the company's image in public for the long term. Measurement of Corporate Governance in this study was measured using four indicators include institutional ownership, managerial ownership, the proportion of board of independent commissioners, and board of commissioners’ size. Beside the good corporate governance, profitability also become one of the way to increase the value of the company. Profitability also as a benchmark for investors in measuring the performance of the company, so it can increase the value of the company. This study used 185 data samples of manufacturing companies which listed in Indonesia Stock Exchange with the observations period of 2011 to 2013. Methods of analysis of this study using multiple linear regression analysis. The results of this study indicate that institutional ownership, the proportion of board of independent commissioners, and board of commissioners’ size and also profitability are effect to the firm value. Meanwhile the managerial ownership does not affect the value of the company. |