Analysis of the Impact of Governance on Company Value in Manufacturing Companies using Capital Structure Policy as a Mediating Variable

This study focuses on the analysis of how governance and company value are influenced by capital structure policy as a mediating variable within manufacturing firms. It investigates the impact of corporate governance on company value via capital structure policy. The study focuses on industrial firms that are listed between 2020 and 2024 on the Indonesia Stock Exchange. Following the established criteria, a total of 142 manufacturing companies were selected as samples. A purposive sampling technique was employed, and the analysis was conducted using panel data methods with Eviews software. The results indicate that corporate governance, particularly in the form of institutional ownership, significantly affects company value.