PENGARUH MEKANISME CORPORATE GOVERNANCEudTERHADAP NILAI PERUSAHAAN DENGAN KUALITAS LABAudSEBAGAI VARIABEL INTERVENING PADA PERUSAHAANudMANUFAKTUR YANG TERDAFTAR DI BURSA EFEKudINDONESIA PERIODE 2004-2007

摘要

This research to examine the influence of corporateudgovernance mechanism on the firm value with earningsudquality as variable intervening. Corporate governanceudmechanism used four variables that are managerialudownership, institusional ownership, board of commissionerudcomposition and audit committee existence.udEarnings quality was measured with Earnings ResponseudCoefficient (ERC) and firm value was measuredudwith Price Book Value (PBV). This research used empiricaluddata from Indonesian Stock Exchange with 28udmanufacturing company as sample. By using multipleudregression analysis as the research method, the resultsudshown that earnings quality is measured by ERC. Auditudcommittee existence and managerial ownership influenceudearnings quality. The other variables did notudinfluence earnings quality, that are institusional ownershipudand board of commissioner composition. Managerialudownership and institusional ownership influenceudfirm value. Board of commissioner composition andudaudit committee existence did not influence firm value.udKeywords: corporate governance mechanism, managerialudownership, institusional ownership, board of commissioner composition, audit committee existence,udearnings quality, Earnings Response Coefficient, firmudvalue, Price Book Value