PENGARUH CORPORATE GOVERNANCE PERCEPTION INDEX (CGPI), GROWTH OPPORTUNITY DAN NET PROFIT MARGIN (NPM) DENGAN SIZE SEBAGAI VARIABEL KONTROL TERHADAP NILAI PERUSAHAAN

Abstract

This study examines the effect of corporate governance, growth opportunity, and net profit margin (NPM) to the firm value with firm size as a control variable. Corporate governance is proxied by the survey results CGPI (CG Index), growth opportunity is measured by the ratio of stock market value to book value of the share capital, while net profit margin is measured with the ratio of net income to sales. Firm size used in this study is the log of total assets. This study uses secondary data from ICMD and IDX. Using analysis this study find that corporate governance, growth opportunity, and net profit margin positively and significantly affect the firm value.

 

Keywords: corporate governance; growth opportunity; net profit margin; firm value