Pengaruh GCG, ERM, dan CSR Terhadap Nilai Perusahaan Pada Perusahaan Industri Barang Konsumsi di BEI

Abstract

Firm Value is an important instrument used to evaluate performance, attract investors, measure the effectiveness of management decisions, and obtain financing. A high company value reflects the success and growth potential of the company in the future. One of the Company Value measurements can be done by looking at the company's market value ratio through Tobin's Q. The purpose of this study is to obtain empirical evidence regarding the effect of Good Corporate Governance (GCG), Enterprise Risk Management (ERM), and Corporate Social Responsibility (CSR) on firm value in consumer goods industry companies as measured using Tobin's Q. This study uses secondary data, the population used is consumer goods industry companies listed on the Indonesia Stock Exchange in 2018 - 2022. Sample selection using purposive sampling method and obtained 35 observation data. The analysis method used in this study uses multiple linear regression analysis which is processed using SPSS version 25. The results of this study indicate that Good Corporate Governance as measured by the independent board of commissioners has a significant positive effect on Firm Value, while Enterprise Risk Management and Corporate Social Responsibility have no effect on Firm Value as measured by the Tobin's Q ratio.