The Effect of GCG, CSR Disclosure, and Investment Decisions on Firm Value

Investors' opinion of a company's competence in resource management is known as firm value. Demand and supply factors in the stock market determine the firm's value, reflected in its stock price. According to investor opinions, a company's high worth is represented in both its present success and its prospects for the future. In general, a number of elements, including the stock market price, net income per share, the cost of capital, and assets and liabilities, define a company's worth. This research proposes examining the impact of managerial ownership, audit committee size, corporate social responsibility disclosure, and investment decisions on firm value. This is a quantitative descriptive study made applying purposive sampling. A total of 171 observations of property and real estate firms listed on IDX during three observation periods of 2020-2022. The data was analyzed using multiple linear regression. The study found that managerial ownership contributes positively to firm value, whereas investment decisions, corporate social responsibility disclosure, and audit committee size does not influence on firm value. This study emphasizes the importance of management ownership in efforts to raise a company's value by giving empirical data to support the application of the theory of agency and the theory of signaling in this research. It will also be expected to serve as input for the companies under review.