The Influence of Institutional Ownership, Managerial Ownership, Independent Commissioners, Profitability, Leverage, and Size on Company Value with Earnings Management as Intervening (Empirical Study on Banking Bumn Listed on the Indonesian Stock Exchange 2016-2021)

Abstract

This study aims to examine the effect of GCG mechanisms on firm value with earnings management as an intervening variable with empirical studies. The research approach is quantitative. Locus of research on banking SOEs listed on the Indonesia Stock Exchange in 2016-2021. Data collection techniques are through surveys using secondary data. The data analysis technique uses multiple linear regression with the help of Eviews 9.0 software. The results of the research show that Institutional Ownership, Managerial Ownership, and Independent Commissioners have on ROA has a negative and significant effect on DER, Total Assets partially have a positive and significant effect on Earnings Management. Institutional Ownership, Managerial Ownership, Independent Commissioner, ROA, Total Assets simultaneously have a positive effect on Profit Management. Institutional Ownership has a positive and significant effect on Firm Value. Managerial Ownership, and Independent Commissioners, partially have a negative and significant effect on Company Value. Total Assets, ROA, DER, Earnings Management partially have a negative and significant effect on Firm Value. Institutional Ownership, Managerial Ownership, Independent Commissioners, DER, Total Assets, and Profit Management simultaneously have a positive effect on Firm Value. Earnings Management does not mediate the influence of ownership, independent commissioners, ROA, DER, Size on Company Value.