Factors That Influence the Value of Companies Listed In Jakarta Islamic Index (JII) in 2013-2016

Abstract

The objectives of this study is to examine the effect of the size of the Board of
Commissioners, the size of the Board of Directors and the Return on Assets (ROA)
on the Company Value Listed in Jakarta Islamic Index (JII) in 2013-2016. The data
was obtained from the financial statements published by the Indonesia Stock
Exchange and the annual report of the company. The data was collected by using
purposive sampling method. The study used panel data, which is a combination of
time series and cross section data. The study used multiple linear regressions. The
result of the research showed that the independent variable that has significant
influence to the company value were Board of Directors variable and Return On
Asset (ROA) at significance level of 5%, while the Size of Board of
Commissioner has no significant effect to the value of the companies listed in JII.
Research also proved that the size of Board of Directors, the size of Board of
Commissioner and the size of Return On Asset (ROA) simultaneously influence to
the value of the companies listed in JII in 2013-2016 in significant way.
Keywords: Size of Board of Commissioners, size of the Board of Directors, Return on Assets
(ROA), Company Value