Pengaruh Good Corporate Governance Terhadap Nilai Perusahaan dengan Profitabilitas sebagai Variabel Mediasi
DOI:
https://doi.org/10.31851/neraca.v10i1.21486Keywords:
Kepemilikan Institusional, Komisaris Independen, Keahlian Komite Audit, Profitabilitas, Nilai PerusahaanAbstract
Penelitian ini bertujuan menganalisis pengaruh kepemilikan institusional, komisaris independen, dan keahlian komite audit terhadap nilai perusahaan pada sektor industri (manufaktur berat) yang terdaftar di Bursa Efek Indonesia periode 2022–2024, dengan profitabilitas sebagai variabel mediasi. Populasi penelitian berjumlah 65 perusahaan, dengan sampel 20 perusahaan yang dipilih melalui purposive sampling sehingga diperoleh 60 data observasi. Penelitian menggunakan pendekatan kuantitatif dengan metode Structural Equation Modeling (SEM). Hasil menunjukkan bahwa kepemilikan institusional dan keahlian komite audit berpengaruh positif dan signifikan terhadap nilai perusahaan, mencerminkan efektivitas mekanisme pengawasan dalam meningkatkan kepercayaan pasar. Sebaliknya, komisaris independen tidak berpengaruh signifikan terhadap nilai perusahaan, yang diduga karena perannya cenderung bersifat formal dalam memenuhi regulasi. Dalam pengujian mediasi, profitabilitas mampu memediasi secara positif hubungan keahlian komite audit terhadap nilai perusahaan, namun memediasi secara negatif signifikan hubungan kepemilikan institusional terhadap nilai perusahaan, serta tidak memediasi pengaruh komisaris independen terhadap nilai perusahaan. Penelitian ini diharapkan dapat menjadi referensi manajemen dalam meningkatkan pengelolaan perusahaan demi memastikan keberlangsungan nilai perusahaan.
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