Abstract :
The development of the globalization era affects the capital market, additional
capital is very necessary to improve company performance. Companies can offer
ownership to the public through the capital market to increase company capital.
This research was conducted to test whether there is an influence of good
corporate governance on share prices. The variables used in the research include
managerial ownership, institutional ownership and the board of directors. The
research was conducted using a population of financial report data from
companies listed on the Indonesia Stock Exchange (IDX) for the 2018-2022
period, including 45 data samples. According to research findings, managerial
ownership has a significant positive effect on share prices, institutional ownership
has a significant positive effect on share prices and the board of directors has a
significant negative effect on share prices. Information about good corporate
governance is able to increase the explanatory power of financial information in
the Ohlson (1995) valuation model used in the research. The limitations of this
research lie in the sample and length of the research. The research only used a
sample of manufacturing companies in the food and beverage subsector with a
research period of 2018-2022.
Keywords: Good Corporate Governance, Share Price, Manufacturing Companies
Perkembangan era globalisasi mempengaruhi pasar modal, penambahan modal
sangat diperlukan untuk meningkatkan kinerja perusahaan. Perusahaan dapat
menawarkan kepemilikannya kepada masyarakat melalui pasar modal guna
meningkatkan modal perusahaan. Penelitian ini di lakukan untuk menguji apakah
terdapatnya pengaruh good corporate governance terhadap harga saham, variabel
yang di gunakan pada penelitian meliputi kepemilikan manajerial, kepemilikan
institusional dan dewan direksi. Pada penelitian yang di lakukan menggunakan
populasi data laporan keuangan perusahaan yang telah terdaftar di Bursa Efek
Indonesia (BEI) periode 2018-2022 meliputi 45 sampel data. Menurut temuan
penelitian menunjukan, kepemilikan manajerial berpengaruh positif signifikan
terhadap harga saham, kepemilikan institusional berpengaruh positif signifikan
terhadap harga saham dan dewan direksi berpengaruh negatif signifikan terhadap
harga saham. Informasi mengenai good corporate governance mampu
meningkatkan kekuatan penjelas dari informasi keuangan dalam model valuasi
Ohlson (1995) yang digunakan pada penelitian. Keterbatasan penelitian ini
terdapat pada sampel dan lama penelitian. Pada penelitian hanya menggunakan
sampel perusahaan manufkatur subsektor makanan dan minuman dengan lama
penelitian selama 2018-2022.
Kata kunci: Tata Kelola Perusahaan Yang Baik, Harga Saham, Perusahaan
Manufaktur