Abstract
This research is purposed to find out the effect of family ownership and Good Corporate Governance toward the earning quality and firm performance of the company listed in Indonesian Stock Exchange from 2012 up to 2014. The sample of this research is using 153 companies for the earning quality model and 137 companies for firm performance model in Indonesia from 2012 up to 2014. The sampling is done using purposive sampling method. The analysis method used is multiple linear regression analysis method using SPSS version 21.00. The result of the regression testing of earning quality model shows that only debt ratio influent the earning quality, while family ownership, institutional ownership, independent commissioner, type audit and payout ratio do not. The test for the firm performance shows that the institutional ownership, independent commissioner, type audit and payout ratio are influencing the firm performance while the family ownership and debt ratio are not.
Highlights
Abstrak This research is purposed to find out the effect of family ownership
firm performance of the company listed in Indonesian Stock Exchange
The result of the regression testing of earning quality model shows that only debt ratio influent the earning quality
Summary
Bisnis keluarga merupakan bentuk bisnis tertua dan paling dominan di dunia organisasi bisnis. Hasil penelitian ini menunjukkan bahwa kepemilikan keluarga memiliki pengaruh yang positif terhadap kinerja perusahaan. Hasil dari penelitian ini menunjukkan bahwa konsentrasi kepemilikan tidak memiliki hubungan yang sistematis dengan kinerja perusahaan yang diproksikan dengan ROA. Maka anggota keluarga bersedia untuk menempatkan kepentingan pribadi untuk kepentingan perusahaan sehingga dapat menghasilkan kualitas laba yang baik. Adanya keluarga dalam susunan pemegang saham yang cukup dominan dianggap dapat menghasilkan kinerja yang lebih efisien dibandingkan perusahaan dengan kepemilikan publik (Astuti et al, 2015). Penerapan GCG juga nantinya diharapkan akan menekan sikap oportunistik manajer sehingga dapat meningkatkan kualitas laba dan kinerja dari perusahaan. Hal ini menujukkan bahwa hal tersebut sejalan dengan argumen dalam teori stewardship yang menjelaskan bahwa anggota keluarga bersedia untuk menempatkan kepentingan pribadi untuk kepentingan perusahaan sehingga dapat menghasilkan kualitas laba yang baik
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