The Role of Financial Performance As Intervening between Good Corporate Governance, Company Characteristics, And Company Value in Hotel, Restourant And Tourism Listed in Bei

Abstract

This research is a research study (explanatory Research) with a quantitative approach, the object of research in the entire sub-sector of the hotel, restaurant and tourism which reported the annual report in the year 2013 until the year 2018 Listed in IDX as many as 14 companies. The analysis used is track analysis. Independent variables in Good Corporate Governance (GCG) and company characteristics with institutional ownership (KI) and age (UM) as a proxy, the intervening variables in this research are financial performance with Return On Equity (ROE) as Proxy. The dependent variables in the research of this company's value are represented by Tobin's Q. The results of simultaneous research of good corporate governance and the characteristics of the company have no influence on financial performance. Simultaneously GCG, corporate characteristics and financial performance have an influence on the value of the company.