Corporate Governance, Profitabilitas, Size, Growth, dan Nilai Perusahaan

Abstract

The purpose of this research is to examine and analyze the effect of profitability as measured by ROA, size as measured by total assets, and growth as measured by asset growth on firm value as measured by Tobin's Q; to examine and analyze how corporate governance as measured by the CGPI score moderates the effect of profitability, size, and growth on firm value. The data used in this research is secondary data. The population used in this research is 302 companies included in the CGPI ranking for the 2011-2019 period (pooled data). There were 45 samples selected using purposive sampling method. The data analysis technique used is PLS-SEM. The results showed that profitability had a significant positive effect on firm value, size had a significant positive effect on firm value, and growth had no significant effect on firm value. Corporate governance has not moderated the effect of profitability on firm value, corporate governance has strengthened the effect of size on firm value, and corporate governance has not moderated the effect of growth on firm value.