PERAN CORPORATE GOVERNANCE SEBAGAI VARIABEL MODERATING PADA KUALITAS LABA DAN KINERJA KEUANGAN TERHADAP NILAI PERUSAHAAN

This study aimed to determine the effect of earnings quality and financial performance of the firm value with the Corporate Governance as a moderating variable. Earnings quality in this study is proxied by earning management the measurement of jones model, while financial performance is proxied by Return on Assets (ROA), and firm value is measured using Tobin'Q, while for Corporate Governance using the ownership structure of institutional ownership and managerial ownership. Data collection using purposive sampling method for manufacturing companies listed on the Indonesia Stock Exchange in the period 2007-2011. A total of 157 companies are used as observation data. Methods of analysis of this study uses multiple regression and interaction test. These results indicate that the moderating variable is proven managerial ownership, while institutional ownership is not proven as a moderating variable. Besides the variables that do not affect the value of the company is the quality of earnings and financial performance. Keywords: Firm Value, Quality of Earnings, Earnings Management, Financial Performance, Corporate Governanc