THE INFLUENCE OF GENDER OF DIRECTORS AND BOARD OF COMMISSIONERS ON COMPANY VALUE IN FOOD AND BEVERAGE COMPANIES LISTED ON (BEI) 2019-2024

Abstract

Leadership is a key factor in organizational success, where leaders act as role models and determine the direction of achieving goals. This study aims to empirically test the influence of female gender on the board of directors and the existence of a board of commissioners on company value. The study used a quantitative approach with a sample of 36 food and beverage companies listed on the Indonesia Stock Exchange (IDX) for the 2019–2024 period. Data analysis was carried out through classical assumption tests, multiple linear regression, coefficient of determination (R²) tests, t tests, and F tests. The results of the study showed that partially the gender of the board of directors and board of commissioners had a significant effect on company value, indicated by the t significance value (X1 = 0.003; X2 = 0.005 <0.05) and the F significance value (0.02 <0.05). These findings indicate that gender diversity in leadership contributes to increasing company value.