The Effect of Good Corporate Governance on Firm Value of LQ45 Firms Listed on the Indonesian Stock Exchange (Bei) During 2015-2023

This research is conducted to explore and collect factual data through observation on evaluation is conducted on the extent to which managerial and institutional ownership, board of directors, independent commissioners, and audit committee responsibilities collectively influence firm value in LQ45 companies listed on the Indonesian stock market from 2015 to 2023. The study utilizes panel data for its analysis using a quantitative method, and employs simple purposive sampling for data collection. The findings reveal that managerial ownership, institutional ownership, the board of directors, and independent commissioners all have a positive impact on firm value. However, the audit committee does not show a significant effect on enhancing firm value. Additionally, the results of simultaneous testing indicate that all independent variables collectively influence the dependent variable.