Abstract
The purpose of this study is to examine the effect of good corporate governance (GCG) on financial performance using the measurement of return on assets (ROA). The sample of this research is the manufacturing companies in the consumer goods sector which are listed on the Indonesia Stock Exchange. The data collection technique used in this study was purpose sampling, which consisted of 154 companies. The analysis of this study uses multiple linear regression analysis methods. The results showed that GCG consisting of independent commissioners had a significant positive effect on financial performance (ROA), independent audit committee had no effect on (ROA), institutional ownership had a significant positive effect on financial performance (ROA), and managerial ownership financial performance (ROA).Keywords: GCG, independent commissioner, independent audit committee, institutional ownership, managerial ownership, and financial performance.
Highlights
Tujuan dari penelitian iniadalah untuk menguji pengaruh good corporate governance (GCG) terhadap kinerja keuangan dengan mengunakan pengukuran return on aseets (ROA)
The purpose of this study is to examine the effect of good corporate governance (GCG) on financial performance using the measurement of return on assets (ROA)
The results showed that GCG consisting of independent commissioners had a significant positive effect on financial performance (ROA), independent audit committee had no effect on (ROA), institutional ownership had a significant positive effect on financial performance (ROA), and managerial ownership financial performance (ROA)
Summary
Sampel dalam penelitian ini adalah perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia (BEI) pada periode tahun2012–2018. Teknik pengumpulan data pada penelitian ini menggunakan data sekunder, berupa laporan tahunan perusahaan manufaktur yang listing di BEI. Variabel dependen dalam penelitian ini adalah kinerja keuangan yang di proksikan dengan ROA. Variabel independen dalam penelitian ini terdiri dari Komisaris independenYang diukur dengan jumlah komisaris independen di bagi dengan jumlah komisaris. Komite audit independen diukur dengan jumlah komite audit independen dibagi dengan jumlah komite audit. Kepemilikan Institusional diukur dengan jumlah kepemilikan pihak institusi dibagi dengan saham beredar. Kepemilikan Manjerial diukur dengan jumlah saham yang dimiliki pihak manajerial dibagi dengan saham beredar. Jumlah perusahaan sektor barang konsumsi yang akan dijadikan sampel dari tahun 2012-2018 sebanyak 154 yang berasal dari 22 perusahaan sektor baranag konsumsi yang sudah sesuai dengan kriteria
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