The Influence of Corporate Governance and Corporate Funding Decisions Againts Performance and Profitability Implications for Return on Stock

Abstract

This research was to determine and analyze the effect of profitability performance to audit committee on Stated-owned enterprises (BUMN) listed on the stock exchange Indonesia. To determine and analyze the effect of audit committee, public owner, number of commissioner, independence commissioner, debt equity ratio, dividend payout ratio and return on equity simultaneously to stock return on Stated-owned enterprises (BUMN) listed on the stock exchange Indonesia. Population in this research is 13 (thirteen) State-owned enterprises (BUMN) listed on the stock exchange Indonesia. The method used in this research is a descriptive survey method and explanatory with regression data panel to determine and analyze hypothesis the influence the independent variable to dependent variable. Based on the research results, these following research findings, are treired Audit Committee have a significant positive effect on profitability performance, The public owner influence significant negative on profitability performance. The number of board of commissioner influence the profitability performance as a positive effect but not significant. Independence commissioner influence negative profitability performance and significant. Debt to equity ratio (DER) influence performance as a negative but not significant. Dividend payout ratio (DPR) influence profitability performance as a negative but not significant. Variable corporate governance consist of audit committee, public owner, the number of commissioner, and independence commissioner, variable od Fund Company’s decision proximate with debt to equity ratio (DER), and dividend policy proximate with dividend payout ratio (DPR) simultaneously profitability performance positively and significant. The GCG implementation through independence commissioner, audit committee, fund policy and profitability performance significantly influence the stock return.