Agency Conflict Control on Corporate Values in Companies With the Best GCG Period 2008-2014

DOI

10.2991/assehr.k.201209.015How to use a DOI?

Keywords

CGPI, GCG, free cash flow, leverage, managerial ownership, asset turnover, value of the firm, Tobin’s Q, Market to Book Ratio

Abstract

The study aims to analyze the effects of CGPI, free cash flow, leverage, managerial ownership, and asset turnover to the value of the firm. Sample consisted of 23 companies with the best GCG and listings on the Indonesia Stock Exchange (IDX) between 2008-2014. Thus obtained 161 observations for each group. This research used Ordinary Least Square (OLS) in order to test their hypothesis and has shown that, CGPI, free cash flow and asset turnover contribute significantly positive effects on the value of the firm based on Tobin’s Q model with alpha 5%, while leverage and managerial ownership contributes to a negative effect on it with a significant different level. Overall the results of this study support Arsjah (1) and Destriana (8) states CGPI as the main factor in the analysis model.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Rita Amelinda
AU  - Ignatius Roni Setyawan
PY  - 2020
DA  - 2020/12/12
TI  - Agency Conflict Control on Corporate Values in Companies With the Best GCG Period 2008-2014
BT  - Proceedings of the 2nd Tarumanagara International Conference on the Applications of Social Sciences and Humanities (TICASH 2020)
PB  - Atlantis Press
SP  - 121
EP  - 127
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.201209.015
DO  - 10.2991/assehr.k.201209.015
ID  - Amelinda2020
ER  -