Corporate governance, ownership structure dan cash holdings terhadap firm value perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia
P enelitian ini bertujuan untuk mengetahui pengaruh corporate governance, ownership structure dan cash holdings terhadap firm value. Variabel dependen dalam penelitian ini adalah firm value dan variabel independen dalam penelitian ini adalah corporate governance, ownership structure dan cash holdings. Sampel yang digunakan dalam penelitian ini adalah perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia periode 2013 – 2017. Jumlah sampel penelitian adalah sebanyak 25 perusahaan manufaktur dengan menggunakan teknik purposive sampling. Berdasarkan hasil regresi data panel menunjukkan bahwa cash holdings memiliki pengaruh positif terhadap firm value, sedangkan corporate governance dan ownership structure tidak memiliki pengaruh terhadap firm value. Hasil penelitian ini diharapkan dapat memberikan masukan bagi perusahaan dan investor agar mempertimbangkan corporate governance, ownership structure dan cash holdings karena akan meningkatkan firm value.
T his Research aims to determine the effect of corporate governance, ownership structure and cash holdings on firm value. Sample used in this research were manufacturing firms listed on Indonesia Stock Exchange (IDX) in the period 2013 – 2017. The dependent variable in this study is firm value and the independent variables in this study are corporate governance, ownership structure and cash holdings. The number of the samples in this research are 25 manufacturing firms by using purposive sampling technique. Based on the results of panel data regression model indicates that cash holdings has a positive impact on firm value, while corporate governance and ownership structure has no effect on firm value. The results of this research are expected to be the reference for companies and investors to pay attention to corporate governance, ownership structure and cash holdings because it can increase value of the firm.