Pengaruh Implementasi Good Corporate Governance dan Strategi Bisnis terhadap Kinerja Perusahaan: Studi Kasus BUMN di Indonesia Tahun 2013-2018

Ichwan Lazuardi Natapermana,Euis Nurhayati,Winwin Yadiati

doi:10.30588/jmp.v9i2.579

Ichwan Lazuardi Natapermana, Euis Nurhayati + Show 1 more

Open Access

https://doi.org/10.30588/jmp.v9i2.579

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Abstract

<em>State Owned Enterprise (SOE) is one of the agents of economic activity in the national economy of Indonesia that has an important role in managing the national economy in order to realize the welfare of society. At present, SOEs have often received critical attention from the public because they are seen as inefficient, wasteful of resources utilization, laden with corruptions, and have a lowerlevel profitability. The implementation of Good Corporate Governance (GCG) and the right of business strategy are expected to improve the performance of SOEs both financially and non-financially. The purpose of this study was to determine the effect of GCG imple-mentation and business strategy on firm performance. In this study, financial performance was measured using Return on Equity (ROE) and non-financial performance used Customer Satisfaction Index (CSI). The method used in this research is a partial regression of panel data through the determined of the estimation model after the classical assumption test. The sample used in this study was 22 SOEs (BUMN) that met the sample criteria. The results showed that there was a significant effect of the implementation of GCG on ROE and CSI. But, there was no significant effect of the implementation of its’ business strategies on ROE, otherwise the significant effect on CSI.</em>

Highlights

State-Owned Enterprise (SOE) is one of the agents of economic activity in the national economy of Indonesia that has an important role in managing the national economy to realize the welfare of society
The results showed that there was a significant effect of the implementation of Good Corporate Governance (GCG) on Return on Equity (ROE) and Customer Satisfaction Index (CSI)
Analisis Pengaruh Institusi terhadap Strategi dan Kinerja Badan Usaha Milik Negara (BUMN)

Summary

Implementasi Strategi Bisnis

Pengujian hipotesis pada penelitian ini menggunakan uji parsial (uji-t) dengan maksud untuk mengetahui pengaruh antara variabel dependen terhadap variabel independen. Penelitian ini menggunakan regresi data panel dan melakukan penentuan model estimasi, serta uji asumsi klasik. Persamaan regresi pada penelitian ini ditunjukkan pada persamaan [1]. Pada persamaan regresi tersebut [1], Y adalah kinerja perusahaan, a merupakan konstanta, serta X1 dan X2 masing-masing merupakan variabel implementasi GCG dan imple-mentasi strategi bisnis, sedangkan β1 dan β2 adalah koefisien regresi. Data yang digunakan pada penelitian ini adalah data sekunder yang bersifat kuantitatif berupa rasio dan skor yang diperoleh dari laporan tahunan perusahaan yang sudah diaudit pada tahun 2013 hingga 2018. Sampel pada penelitian ini adalah 22 BUMN yang memenuhi kriteria seperti yang ditunjkkan pada Tabel 2

Jumlah sampel

C GCG STRATEGI

C CSI GCG