HUBUNGAN CORPORATE GOVERNANCE DAN KINERJA KEUANGAN PERUSAHAAN DI BURSA EFEK INDONESIA
Abstrak: the research
was conducted at the company
listed in the
indonesia stock exchange
in 2004 until 2008. the research sample was taken based on purposive
sampling, with criteria (1) On the top 10 companies listed as corporate
governance which is issued by iiCg period 2004 to 2008. (2) Issuing the
financial statements of the accounting period 2004 to 2008.Based on the results
of data processing result that H01: there is a positive relationship between the
implementation of Corporate Governance (CG) of the company’s financial
performance based on Tobin’s q or ROE shows that the Corporate Governance (CG)
positive effect on financial performance based on Tobin’s q which can be seen
from the value of the regression coefficient of 0.146. As for the test based on
ROE also obtain a positive regression coefficient is equal to 2.558. Based on
these results the hypothesis Are There is a positive relationship between the
implementation of Corporate
Governance (CG) of
the company’s financial performance based on Tobin’s q or
ROE acceptable. For the second hypothesis H02 is the application of Corporate
Governance (CG) has either partially and simultaneously the quality of a
company’s financial performance based on Tobin’s q or ROE can be explained as
follows. For the implementation of Corporate Governance (CG) effect is
partially based on Tobin’s q hypothesis should be rejected it can be seen from
the p-value of 0.957 t greater than the value of α = 0.05. As for the
implementation of Corporate Governance (CG) has partially rejected by ROE seen
also this can be seen from the p-value of 0.118 t greater than the value of α =
0.05. Simultaneous application of Corporate Governance (CG) significantly
affect the company’s financial performance based on Tobin’s q this can be seen
from the p-value of 0.016 F greater than the value of α = 0.05. As for the
implementation of Corporate Governance (CG) has simultaneously by ROE shows
that Corporate Governance (CG) did not significantly affect the financial
performance of companies based on ROE, it can be seen from the p-value of 0.105
F greater than the value of α = 0 , 05.
Penulis: Hilmi
Kode Jurnal: jpakuntansidd120326
