PENGARUH MEKANISME GOOD CORPORATE GOVERNANCE DAN STRUKTUR MODAL TERHADAP NILAI PERUSAHAAN DAN MANAJEMEN LABA SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN YANG MELAKUKAN RIGHT ISSUE PADA TAHUN 2016

Abstract

The objectives of this study was to analyze the Influence Of Mechanism Of Good
Corporate Governance (proxied as Independent Commissioners, Institusional
Ownership, Blockholder Ownership, Audit Committee) and Capital Structure
(proxied : DER) On Firm Value and mediated by Earnings Management on
Companies that right issue and companies listed in Indonesia Stock Exchange for
the periode 2016. The population in this study is on Companies that right issue and
companies listed in Indonesia Stock Exchange for the periode 2016. The samples
were 35 companies taken by using purposive sampling technique. Path Analysis
model was developed to test the hypotheses with the help of software SPSS version
19.0. The results of the study showed that Independent Commissioners, Institusional
Ownership, Blockholder Ownership had positive significant influence on the value of
companies listed in the Indonesia Stock Exchange on the right issue companies.
Earning Management had negative significant on the firm value. Partially, Audit
committee and capital structure not have any significant influence on firm value.
Based on the result, Earning management acted as intervening variable of
Independent Commissioners, Institusional Ownership and Blockholder Ownership.