Pengaruh Mekanisme Good Corporate Governance Terhadap Nilai Perusahaan Yang Terdaftar Di Bursa Efek Indonesia Sub Sektor Telekomunikas

The purpose of this study is to analyze the effect of good corporate governance
mechanisms on the value of companies listed on the Indonesia Stock Exchange,
Telecommunication Sub Sector. The variables used in this study consisted of
independent variables, namely Institutional Ownership, Public Ownership and
Managerial Ownership and the dependent variable, namely Firm Value. The
population used for this research are all companies in the telecommunications
sub-sector. The research sample in this study consisted of 5 telecommunication
companies with analysis of the company's financial statements from 2015-2019 so
that the number of observations in this study were 10 companies for 3 years,
which was 25 observations. The data obtained were analyzed using statistical
formulas, namely by using panel data analysis whose management was carried
out with the Eviews 9 program. The results of quantitative analysis showed that
institutional ownership had no significant effect on firm value (PBV) based on the
t-count value of 1.668 and a significant value of 0.110. it is concluded that the
hypothesis (H1) is rejected. Public Ownership has no significant effect on firm
value (PBV) based on the t-count value of 0.615 and a significant value of 0.654,
it is concluded that the hypothesis (H2) is rejected. Managerial ownership has a
significant effect on firm value (PBV) based on the t-count value of 4.19 and a
significant value of 0.000, it is concluded that the hypothesis (H3) is accepted.
Institutional ownership, public ownership and managerial ownership
simultaneously have a positive and significant effect on the Stock Price (PBV)
based on F count of and 8,781 significant value of 0.000, it is concluded that the
hypothesis (H4) is accepted.
Keywords: Institutional Ownership, Public Ownership, Managerial Ownership
and Company Value