ASSET MANAGEMENT AND GOOD CORPORATE GOVERNANCE ON FIRM VALUE MEDIATED BY PROFITABILITY IN FOOD AND BEVERAGE MANUFACTURE SUB SECTOR 2014-2019

• Main Author: Fajar Wulandari, Sri
• Format: Theses
• Language: Indonesia
• Subjects: Manajemen umum
• Online Access: https://digilib.itb.ac.id/gdl/view/62898
• Institution: Institut Teknologi Bandung

This study examines the relationship between asset management and good corporate governance (GCG) on firm value (FV) through profitability. The asset management is proxied by total asset turnover, GCG is proxied by institutional ownership and the size of independent commissioners, FV is proxied by stock return and Tobin’s-Q, Profitability is proxied by Return on Investment. This research was conducted on the Food and Beverage sub-sector manufacturing industry companies listed on the Indonesia Stock Exchange (IDX) with the attached criteria during the 2014-2019 observation period, from 30 companies as total population, there were 17 companies (i.e.1 02 data) for six years of observation. The Partial Least Square (SEM-PLS) approach is used in the research by using the smart-PLS 2.0 analytical tool. The results of the study found that asset management has a negative insignificant effect on firm value, asset management has a significant positive effect on profitability, GCG has a significant positive effect on firm value, GCG has a significant positive effect on profitability, and profitability has a significant positive effect on firm value.