International Journal of Economics and Financial Issues ISSN: 2146-4138 available at http: www.econjournals.com International Journal of Economics and Financial Issues, 2019, 9(6), 100-105. International Journal of Economics and Financial Issues | Vol 9 • Issue 6 • 2019 100 Effect of Financial Performance, Good Corporate Governance and Corporate Size on Corporate Value in Food and Beverages Elon Manurung*, Effrida, Andreas James Gondowonto Sekolah Tinggi Ilmu Ekonomi, Y.A.I. Jakarta, Indonesia. *Email: hamilahmila@rocketmail.com Received: 12 August 2019 Accepted: 11 October 2019 DOI: https://doi.org/10.32479/ijef.8828 ABSTRACT This study aims to determine the effect of fnancial performance, good corporate governance, and company size as an independent variable on company value as a dependent variable on food and beverage companies listed on the Indonesia Stock Exchange in 2015-2017. This study uses a quantitative approach. Sources of data in this study came from the company’s fnancial statements obtained on the website page www.idx.co.id. The population in this study were 26 manufacturing companies in the food and beverage industry which were listed on the Indonesia Stock Exchange in 2015-2017. Based on the specifed sample selection criteria, there are 16 companies that meet these criteria and qualify as a research sample. Based on the results of the chow test and the Hausman test, the most appropriate model used in the panel data regression of this study is the fxed effect model. Based on the results of regression in the company used as a sample in this study showed the adjusted R 2 value of 0.977623. This means that 97.7623% of the dependent variable is the value of the company can be explained by the independent variables, namely fnancial performance, institutional ownership, managerial ownership and company size. While the remaining 2.2377% is explained by other factors outside the independent variables in the study. Keywords: Financial Performance, Good Corporate Governance, Company Size, The Value of the Company JEL Classifcations: E10, E32, E60 1. INTRODUCTION Company value is a level of success of a company in managing its resources which is refected in the company’s stock price. The higher the company’s stock price, the higher the company’s value, this is due to the company’s excellent performance and always proper management. Company value can provide maximum shareholder wealth if the share price increases. Company value is very important because the goal of fnancial management is to maximize the value of the company. If the company runs well, the company’s value will increase or can be said to maximize stock prices. Indonesia is a developing country that has the potential to become a developed country because of its improved economic growth. Economic growth during 2018 of 5.17% is quite good because world economic growth is at 3% (Von Geibler, 2013). Every company from various sectors can be said to infuence this growth. This condition causes arousal for entrepreneurs to manage their companies. The role of fnance is very important in managing a company. The more effcient and effective use and management of funds the better for the company. Need a precise determination so that the source of funds in accordance with what is expected. It is clear that company competition is increasingly open and barrier-free after the formation of the World Trade Organization (WTO). To maintain the viability of food and beverage industry companies, Indonesia needs additional funding. This study uses food and beverage companies as research because stocks originating from food and beverage products are stocks that are in great demand by investors. The food and beverage industry market is estimated to grow 7-10% in 2012. Secretary General of This Journal is licensed under a Creative Commons Attribution 4.0 International License