The Effect of Company Size Leverage and Good Corporate Governance on Company Value with Corporate Financial Performance as an Intervening Variable
Keywords:
Leverage, Firm Size, Good Corporate Governance, Company Value, ProfitabilityAbstract
Objectives: to determine the influence of leverage, company size, and good corporate governance on the value of companies with profitability as an Intervening variable
Design/Methodology/Approach: The study uses secondary data from energy sector companies listed on the IDX 2018–2022, which consists of 22 company samples. The sampling method used is purposive sampling,, which was analysed with Smart PLS application version 3.2.9.
Research findings: the results of the study stated that leverage had a significant negative influence on the value of the company with profitability as an intervening variable, the size of the company had a positive and significant effect on the value of the company with profitability as an intervening variable, institutional ownership had a negative and significant influence on the value of the company with profitability as an intervening variable, and managerial ownership have a negative but insignificant effect on the company's value.
Practical/Policy/Social Implications: Corporate management in the energy sector needs to maintain the stability of funding sources of debt and total assets to increase the company's value.
Research Limitations/Implications: limitations to obtaining 2023 data at the beginning of the study in 2024 because there is still a lot of data that has not been published on the IDX.com web and the issuer's website, so the data used by the author only uses 2022 data
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