Does Corporate Governance Affect Firm Value? Evidence from Indonesia Banking Sector

Agustin, Hamdi and Yusnita, Raja Ria and Hasan, Hasrizal (2015) Does Corporate Governance Affect Firm Value? Evidence from Indonesia Banking Sector. In: Prosiding Forum Manajemen Indonesia 7, 10-12 November 2015, Jakarta, Indonesia.

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Abstract

Increasing the value of the company, followed by increasing the company's share price would provide the advantage of capital gains for investors. This shows the level of investor confidence in a company to manage their funds will affect the company's stock price movement of capital market, because buying stocks is to instill confidence in the management of a company to manage their funds. The objective of this research is determinants of firm value in banking companies listed in Indonesia Stock Exchange are Examined context with reference to firm value theories. The population consists of 22 banks. The period under study is from 2007 to 2012 the data are taken from the banks' annual reports. In this study using panel data and analysis using pooled ordinary least squares (OLS). The results are ROA and Log Asset have no effect on banks value. Managerial ownership negative effect on banks value. The results of the study do not support agency theory to minimize the agency conflict is to increase managerial ownership in the company. Investment opportunity positive effect on banks value

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: firm value, Managerial ownership and banking
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HC Economic History and Conditions
H Social Sciences > HG Finance
H Social Sciences > HJ Public Finance
Divisions: > Manajemen
> Manajemen
Depositing User: Admin
Date Deposited: 02 Jan 2020 05:21
Last Modified: 02 Jan 2020 05:21
URI: http://repository.uir.ac.id/id/eprint/1587

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