PENGARUH MEKANISME CORPORATE GOVERNANCE TERHADAP KINERJA KEUANGAN BADAN USAHA
ABSTRACT: Nowdays, most
researches in corporate governance field are conducted by researchers based on
rising of many firms to become public corporation. According to this situation,
they have to separate their functions on ownership and control of the firm. As
result, it will arise agency conflict between owners and managers. The
corporation enable solve the problem by apply the corporate governance
mechanism optimally. This research is a replication research is conducted by
Sanda et al (2005). It’s explained the specific study about the impact of
corporate governance mechanism include managerial ownership, board size,
outside directors, ownership concentration, and debt toward financial performance
that measured by ROA, ROE, PER, and TOBINS’Q. The samples of this research are
all corporations which listed at Bursa Efek Indonesia (BEI) by all sectors that
delivered financial statement on time by regulation. The period of time in this
research determined on 2005-2007. The model is extended by quadratic of
managerial ownership, quadratic of board size, quadratic of ownership
concentration, CEO foreign and firm size as control variables, and sectoral
dummy. The result of this research explained that corporate governance
mechanism simultaneously influence to ROA and ROE significantly. On partially,
ROA is influenced by CEO foreign, debt, and firm size significantly. And ROE is
inluenced by CEO foreign, firm size, and sector of basic industry significantly.
Keywords: corporate
governance, financial performance
Penulis: Filia Puspitasari,
Endang Ernawati
Kode Jurnal: jpmanajemendd100297
