EFFECT OF ENVIRONMENTAL PERFORMANCE, GOOD CORPORATE GOVERNANCE AND LEVERAGE ON FIRM VALUE

ABSTRACT: This study aims to examine the effect ofenvironmental performance, good corporate governancemechanisms consisting of the composition of the Audit Committee, Institutional Ownership and IndependentCommissioners, and Leverage on Firm Value.The data used in this study are secondary data from financialstatements of companies listed on the Indonesia Stock Exchange in the Food and Beverage Industry sub-sectorin 2015 – 2018. By using purposive sampling, this study obtained 15 company samples. The analytical methodused in this study is moderated regression analysis (MRA). The results showed that Environmental performance,and Leverage have a positive and significant effect on Firm Value. The Audit Committee has a negative andsignificant effect on Firm Value. Institutional Ownership and Independent Commissioners have no significantpositive effect on firm value.

Keywords: environmental performance, good corporate governance, leverage, firm value