PENGARUH DEWAN DIREKSI, KOMISARIS INDEPENDEN, KOMITE AUDIT, KEPEMILIKAN MANAJERIAL DAN KEPEMILIKAN INSTITUSIONAL TERHADAP KINERJA KEUANGAN

Abstract: This study aims to examine the effect of board of director, independent  commissioner,  audit  committee,  managerial  ownership, and  institutional  ownership  on  financial  performance  proxied  by market value added (MVA). The study was based on 54 property and real  estate  companies  listed  in  Indonesian  Stock  Exchange  from 2008-2011.  By  using  purposive  sampling  technique,  the  sample  is obtained by 15 companies. Data used in this research were obtained from  annual  financial  report  and IDX  Statistic through  the  website  of IDX. The data analysis technique used in this study is multiple linear regresision  analysis.  The  results  show  that  simultaneously  board  of director,  independent  commissioner,  audit  committee,  managerial ownership,  and  institutional  ownership  have  significant  effect  on financial  performance.  The  t-test  results  show  that  partially independent  commissioner  and  institutional  ownership  have  positive significant  effect  on  financial  performance.  Board  of  director,  audit committee,  and  managerial  ownership  have  no  significant  effect  on financial performance.
Keywords: independent  commissioner,  audit  committee, managerial  ownership,  institutional  ownership,  financial performance
Penulis: MARIA FRANSISCA WIDYATI
Kode Jurnal: jpmanajemendd130950

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