4.2. Discussion4.2.1. CGPI Influence on Company ValueCGPI significant effect on the firm value on the Indonesian Stock Exchange.This shows their consideration CGPI assessment information by investors, whichmeans there is the more economic value that can be generated from the acquisi-tion of Indonesia ranks the Most Trusted Company CGPI. According to IICG(https://iicg.org/wp/), rating CGPI sort of companies ranked by the top until thebottom. The higher the rating companies means that the higher the level of confidence, this can be used as a positive signal for the company to increase investorconfidence in the company so that it would affect the value of securities companies.