ARUS KAS OPERASIONAL, INVESTASI, PENDANAAN, SERTA TATA KELOLA PERUSAHAAN PENGARUHNYA TERHADAP NILAI PERUSAHAAN
DOI:
https://doi.org/10.25170/wpm.v13i2.3058Keywords:
Cash Flow, Corporate Governance, Commissioners Share Ownership, Directors Share Ownership, Independent Commissioners, Board Size, Company ValueAbstract
The ease of conducting initial public offering (IPO) on the Indonesia Stock Exchange (IDX) must be responded critically by investors because not all public companies have favourable performance and prospects. So, investors must analyze the feasibility of investment alternatives in order to not make adverse decisions. Therefore, analysts must understand the information that can be used for the valuation and evaluation process.
The purpose of this study is to discuss the effect of cash flow data from operational activities, cash flow from investing activities, and cash flow from financing, share ownership of commissioners, share ownership of directors, the existence of independent commissioners, and board size on firm value based on Tobin's Q formula. The population of this study is public companies listed in the secondary sector of the Jakarta Stock Industrial Classification (JASICA) for the 2017-2019 period. Based on the purposive sampling method, 197 company years are obtained as sample. Data testing was performed by multiple linear regression analysis using the spss.
The results of this study are that cash flow from operating activities, cash flow from investing activities, and share ownership of directors has no significant effect on firm value. On the other hand, cash flow from financing activities, share ownership of commissioners, the presence of independent commissioners, and board size have significant effect on firm value
