The Influence of Corporate Governance, Leverage, and Environmental Performance on Firm Value
Year: 2024
Type: article
Abstract: This study aims to examine the effect of an Independent Board of Commissioners, Managerial Ownership, Audit Committee, Leverage, and Environmental Performance on Firm Value as measured by Tobin's Q, with Firm Size as the control variable. This study focuses on the plantation subsector listed on the Indonesia Stock Exchange (IDX) between 2014 and 2022. Secondary data was collected from the IDX and company websites using a purposive sampling method, which resulted in 16 companies as samples. Data analysis was conducted using panel data regression with the Eviews 12 analysis tool. The results showed that managerial ownership has a significant positive effect on firm value, while the Independent Board of Commissioners and Audit Committee have no significant impact. The new findings indicate that environmental performance and leverage have an adverse impact on firm value. In addition, the independent variables simultaneously affect firm value. This study provides an important contribution for company management and stakeholders in understanding the factors that influence firm value in the plantation subsector.
Authors: Deddy Fardillah, Setianingtyas Honggowati
Institution: Sebelas Maret University
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4401650389