ANALISIS PENGARUH CORPORATE GOVERNANCE TERHADAP KINERJA PERUSAHAAN (Studi Empiris pada Perusahaan Perdagangan dan Jasa)
Abstract: This study aims to
analyze the effects of corporate governance to firm performance, which refers
to study by Yasser Q.R, et al. (2011) which uses single-board system for
corporate governance mechanism in Pakistan. Differently this study uses
modified two-board system. Firm performance proxied by Return on Equity. This
study attempts to examine it with 3 independent variables. These variables are
the proportion of board of independent commissioners, the audit committee and
firm size.
The samples of this research are the trade and services firms that token
randomly and listed in Indonesian Stock Exchange in 2009-2011. The samples are
collected using random sampling method and resulted 52 firms become the
samples. Hyphoteses testing using OLS (Ordinary Least Square) regression
analysis.
The result of this study indicates different result from previous
research. Therefore, this study conclude that firm size affect firm performance
significantly. But, The proportion of board of independent commissioners and
audit committee don’t affect firm performance significantly. This study
implicates that corporate governance mechanism should be reconstructed by
system, process and structure until reach the aim of firm.
Penulis: Togi Primayoga
Pandenius Siagian, P. Basuki Hadiprajitno
Kode Jurnal: jpakuntansidd131039
