Corporate Governance Perception Index Research Articles

The Effect of The Application of Good Corporate Governance (GCG) Principles on Job Satisfaction and Employee Performance

Applying the principles of good corporate governance in general is very important in all companies, especially in the banking world. Good corporate governance principles make all stakeholders feel fairness, transparency, independence, accountability, and accountability. This study aims to analyse the effect of applying good corporate governance principles on job satisfaction and employee performance, as well as the effect of job satisfaction on employee performance. Public trust in state-owned banks is higher than in private banks. The researcher chose BNI as the research object because BNI is the only state-owned bank that operates full branches globally and is very good at implementing good corporate governance, as evidenced by obtaining a very trusted predicate based on the Corporate Governance Perception Index (CGPI) score. Specifically, the object of research is permanent employees of BNI Regional Office 15 located in East Jatinegara, Jakarta. This study used a survey by distributing questionnaires to 125 respondents. The research method uses SEM PLS. The results showed that applying good corporate governance principles positively affected job satisfaction and employee performance, but job satisfaction did not influence employee performance. The contribution of this research is expected to provide managerial implications for redesigning positions, promotions, salaries, or rewards for permanent employees to provide job satisfaction to employees.

CORPORATE CHARACTERISTICS ON FIRM VALUES WITH MODERATION OF GOOD CORPORATE GOVERNANCE

This study aims to analyze the moderating role of good corporate governance with the interaction of earning management, corporate social responsibility and debt policy on firm value in the perspective of agency theory and signaling theory. This study used a purposive sampling method with a total sample of 65 go public companies registered with The Indonesian Institute of Corporate Governance in the form of the corporate governance perception index (CGPI) for the period 2019 - 2021. The hypothesis test used is multiple regression analysis with an interaction moderation model. The results of the study prove that earning management has no effect on firm value, CSR has a positive effect on firm value, debt policy has a negative effect on change values, good corporate governance has not been proven to strengthen the effect of earning management on firm value, good corporate governance has been shown to strengthen the effect of CSR on firm value. company. On the other hand, good corporate governance is proven to weaken debt policy on firm value.

The relationship between corporate governance and firm performance: An empirical analysis of Indonesian companies

The goal of this study is to investigate the relationship between corporate governance practices, as indicated by the Corporate Governance Perception Index (CGPI) scores, and key performance indicators (ROA, ROE, EPS) of publicly-listed Indonesian firms. Utilizing a panel data set comprising 112 Indonesian firms across various sectors, both fixed and random effects models were employed to discern the effects of corporate governance on firm performance. The dataset spanned five years, resulting in a total of 560 observations. The findings revealed a positive and statistically significant correlation between superior governance practices and enhanced firm performance. Specifically, a one-unit increase in the CGPI Score corresponded with increases in ROA, ROE, and EPS, even after controlling for variables such as firm size and industry type. Corporate governance plays a pivotal role in influencing the financial performance of Indonesian firms. Firms adhering to higher governance standards showcased better performance metrics, underscoring the strategic importance of robust governance mechanisms in the Indonesian business landscape. The results hold significant implications for Indonesian businesses, investors, and policymakers. Effective governance practices not only serve as a beacon for potential investors but also position firms for sustained growth and stakeholder trust in an increasingly competitive and interconnected global economy.

Do Intellectual Capital and Corporate Governance have Value Relevance to the Market Performance? Evidence from Indonesia

We examine whether intellectual capital and corporate governance have value relevance to market performance. Intellectual capital is measured by VAIC™ (Pulic, 1998). We use annual report data from companies listed on the Indonesia Stock Exchange (IDX) and Corporate Governance Perception Index (CGPI) data from the Indonesian Institute for Corporate Governance (IICG) in the period of 2015–2019. Preliminary findings suggest that intellectual capital does not have value relevance to market performance, but corporate governance does have value relevance to market performance. This paper contributes to stakeholders in making economic decisions.

Pengaruh Corporate Governance Index terhadap Kinerja Keuangan Perusahaan

This study aims to determine the effect of the corporate governance index on the company’s financial performance. The population in this study were all companies registered in the corporate governance perception index (CGPI) rating program conducted by the independent agency the indonesian institute for corporate governance (IICG) in 2017-2021, totalling 63 companies using a purposive sampling technique. The data collection technique used is documentation. The data analysis technique used is simple linear regression analysis. The data was processed using the statistical product and service solutions (SPSS) program version 26. The result showed that the corporate governance index had a positive and significant effect on the company’s financial performance. 
 Keywords: Corporate Governance Index, Financial Performance

The Influence Of Good Corporate Governance (GCG), Institutional Ownership, And Corporate Social Responsibility (CSR), On The Value Of The Company

The purpose of this study is to ascertain how Institutional Ownership, Corporate Social Responsibility, and Good Corporate Go vernance (GCG) affect Company Value. The financial statements of ten manufacturing businesses listed on the Indonesia Stock Exchange between 2016 and 2020 serve as the study's primary source of data. Multiple regression has been employed as the analytical technique. The independent variables include institutional ownership, GCG as determined by the Corporate Governance Perception Index (CGPI), CSR as determined by the G4 Global Reporting Initiative (GRI) index, and institutional ownership as determined by the percentage of shares owned by the corporation. Tobin's Q's measurement of company value serves as the dependent variable. The findings demonstrate that institutional ownership has an impact and adds value while GCG has no impact.

Assessing the Sustainability of Firm Value: The Impact of Board Composition, Firm Size, and Earnings Manipulation in the LQ45 Index

This study examines the roles of board composition, firm size, and earnings manipulation in determining firm value within the context of the LQ45 index, which comprises the 45 most liquid stocks in the Indonesian Stock Exchange. This study involves 45 companies listed in the LQ45 index. The number of samples in this study was 45 companies covering 5 years of data, so the overall number of observations was 225 company years. The findings reveal that independent commissioners and board size have significant positive effects on firm value, while the Corporate Governance Perception Index (CGPI) is not significant. Additionally, the study demonstrates that firm size significantly influences firm value. Earnings manipulation is found to mediate the relationship between corporate governance, firm size, and firm value. These results highlight the importance of board composition and firm size in creating value for stakeholders and emphasize the need to understand better and monitor earnings manipulation practices. The study offers valuable insights for investors, regulators, and policymakers in improving corporate governance and enhancing the integrity of financial markets.

The influence of corporate governance on the performance of public companies included in the CGPI rating for the 2005-2007 period

The purpose of this research is to investigate the influence of corporate governance implementation on firm performance. The samples of this research is non financial public companies which include the CGPI rating in 2005, 2006 and 2007. The dependent variable are ROE and Tobin’s Q as operating and market performance. Independent variable of this research is corporate governance perception index and this study uses leverage and firm size as control variables. This study use 34 objects that meet some criteria. Using multiple regression analysis, this research found that corporate governance implementation has a positive significant influence to ROE as operating performance and also found that corporate governance implementation has a positive significant influence to Tobin’s Q as market Performance.

Corporate Governance, Audit Quality, Firm Size and Leverage: Their Effect on Earnings Management

The objectives of this research are to estimate and analyze the effect of corporate governance, audit quality, firm size, and leverage on earnings management, either partially or simultaneously. The research method used is panel data regression analysis. Purposive sampling approach was used, choosing six companies that consistently participated in the Corporate Governance Perception Index (CGPI) program from 2014 to 2019 and are listed on the Indonesia Stock Exchange. The results show that CGPI has a significant negative effect, audit quality has no significant effect, firm size has a significant negative effect, leverage has a significant positive effect on earnings management. CGPI, audit quality, firm size, and leverage simultaneously have a significant effect on earnings management with a coefficient of determination (R2) of 0.7936, indicating that all independent variables can explain variations in earnings management by 79.36%, while the remaining 20. 64% is explained by other factors not to be included in the model.

CORPORATE GOVERNANCE PERCEPTION INDEX (CGPI) DAN KINERJA PERUSAHAAN DI INDONESIA; SEBUAH KAJIAN TEORI

This article discusses how the Corporate Governance Perception Index (CGPI) may impact how well a business does financially and how the market reacts to news regarding the CGPI. The author arrives to the following conclusion after doing synthesis analysis: it demonstrates that CGPI announcements do, in fact, have an effect on firm performance, growth, and value. The revelation of a company's CGPI rating was another factor that investors considered while making their decisions. Because the CGPI index of the firm reflects the company's capability of being managed by management, the higher the rating achieved indicates the larger the company's capability of being governed

Corporate Governance Perception Index and Firm Performance in Indonesia

The unique business environment and inconclusive findings make it interesting to conduct investigations related to corporate governance and performance in Indonesia. The investigation is carried out on all firms on the Indonesia Stock Exchange, which The Indonesian Institute for Corporate Governance has surveyed for almost two decades (2001 to 2019). The test results find a significant relationship between corporate governance and firm performance. This study underscores the importance of stakeholders in making a collective contribution to the firm. A series of tests have been carried out to validate these findings, and the results remain robust. This finding has important contributions and implications for regulators and firms, especially in developing countries.

Pengaruh corporate social responsibility (csr) terhadap nilai perusahaan dengan corporate governance sebagai variabel mediasi

The purpose of this research was to determine effect Corporate Social Responsibility or CSR to firm value. Then also to analyze the relationship between CSR and firm value whether it can be mederated by Corporate Governance. This study uses a quantitative approach, to obtain a research sample, it is carried out using a purposive sampling method, the sample is taken by setting certain criteria. The total sample obtained is 17 company samples, the companies must be listed in the Corporate Governance Perception Index (CGPI) ranking and also registered on the Indonesia Stock Exchange (IDX). Then after the data has been collected, analyzed using descriptive analysis and regression analysis using SPSS Statistics 24 software. Based to the research output, indicate that CSR has a significant effect on firm value and as a moderating variable, Corporate Governance is able to strengthen the relationship between CSR and firm value

Pengaruh Good Corporate Governance Terhadap Tax Avoidance

This research was a descriptive and explanatory research, using data panel regression analysis. The software used in analyzing the data was Eviews 9. The data analysis in this study started with model testing with the approach of Common Effect Model, Fixed Effect Model and Effect Model; and the model selection testing was conducted through Chow, Hausman, and Langgage Multiplier tests. It was then followed by classic assumption test that comprised of normality test, heteroscedasticity, autocorrelation and multicollinearity tests. Then, the data panel regression test and hypothesis testing were done in form of partial regression coefficient (t test) and determination coefficient test. The populations in this research were about 90 reports of financial data, while the samples were about 30 reports with the criteria of the companies were being the participants in the Corporate Governance Perception Index (CGPI) and had annual report and sustainability continuously. The data in this study were secondary, obtained by data collection technique of documentation method and literature study. This research showed that the Managerial Ownership had positive and significant impact on the Tax Avoidance, while the Independent Commissioner and Institutional Ownership did not influence significantly on the Tax Avoidance. 
 Keywords : CGPI

The Impact of Corporate Governance, Leverage, and Profitability on Intellectual Capital Disclosure with Company Size as a Moderating Variable

This research focuses to examine the impact of Corporate Governance, Leverage, and Profitability on Intellectual Capital Disclosure with Company Size as a Moderating Variable. This research method is descriptive method with a quantitative approach. The data used in this study is secondary data, namely the annual report obtained from www.IDX.co.id and the corporate governance perception index report obtained from The Indonesian Institute for Corporate Governance. The number of samples is 46 data with the technique of taking using the purposive sampling method. The findings of this study demonstrate that the Corporate Governance variable has no impact on Intellectual Capital Disclosure, Leverage and Profitability variables have a negative and significant impact on Intellectual Capital Disclosure, the company Size variable cannot moderate the relationship linking Corporate Governance and Intellectual Capital Disclosure, and the company Size variable can strengthen the relationship linking Leverage and Profitability on Intellectual Capital Disclosure. This study can be implemented by corporates to analyze the role of corporate governance, leverage, and profitability on intellectual capital disclosure with company size as a moderating variable and is expected to be a reference in policy making by corporates management to increase its intellectual capital.disclosure.

Analysis of the Relationship Between Corporate Social Responsibility and Good Corporate Governance on Fee Audit and Firm Value

Purpose : This study aims to determine whether Corporate Social Responsibility (CSR) and Good Corporate Governance (GCG) affect audit costs and firm value, and to analyze the mediation relationship between audit costs and firm value.
 Design/methodology/approach : Data collection through this case is on companies in Indonesia that are listed on the Corporate Governance Perception Index (CGPI) between 2016 and 2018 with 33 firmyears observations.
 Findings: The results of the path analysis show that CSR has no effect on audit costs, CSR programs carried out and disclosed by the company are not included in the client's business audit by the auditor. The size of the CSR disclosure cannot affect the audit fee. Even though GCG has a positive effect on audit fees, companies with high CGPI scores can pay more audit fees because they have higher financial standards, so they choose the Big four KAP that are more integrated and have quality. Meanwhile, CSR and audit fees do not affect firm value. However, GCG has a significant negative effect on firm value. The analysis of the effect of mediation shows that audit fees cannot mediate between CSR and GCG on firm value.
 Research limitations/implications: Overall, the audit fee cannot reflect the company's risk which is taken into consideration in making investment decisions. This happens because in investment decisions, investors look more at short-term profits such as daily stock prices and profitability.
 Practical implications : This research can provide important implications for management and regulators, namely as an alternative in making investment decisions that can increase firm value.
 Paper type: This research is a development research that tries to analyze the indirect effect, so that researchers have a little difficulty determining the theories used to link the interplay of components that influence each other, so researchers must make an opinion to strengthen this research.

The impact of corporate governance, capital structure, company size, and assets structure on financial performance: a study on the corporate governance perception index participants

The impact of corporate governance, capital structure, company size, and assets structure on financial performance: a study on the corporate governance perception index participants

Real Earnings Management, Firm Performance, and Corporate Governance Mechanism

The purpose of this study is to analyze the impact of real earnings management on firm performance and the impact of corporate governance as an intervening variable in the relationship between real earnings management and firm performance. The object are companies include in Corporate Governance Perception Index during 2015-2019 and listed in Indonesia Stock Exchange (IDX) and analyzed by using path analysis method. 
 Real earnings management has a significant effect on the firm performance. Furthermore, with corporate governance mechanism within the company, real earnings management significantly affect firm performance. This research is meaningful, but has limitations. The result cannot be generalizing because the sample only companies that listed in CGPI and IDX period 2015-2019. The research implication are as follows: top level management should be cautious about credit policy, cash flow from operation, discretionary expenditures, and production. 
 Earnings management is one of variable that the most prevalent in recent studies but the proxy for earnings management in the recent studies used discretionary accrual. In this research, real earnings management is used to indicate earnings management which measured by abnormal cash flow from operation. Thus, it may provide some contribution to the literature.

The Influence of Corporate Governance Perception Index, Profitability, and Company Size on Stock Value on Go Public Companies at CGPI Listed on the Indonesia Stock Exchange

This research aims to determine the impact of corporate governance perception index, profitability, and company size on the value of CGPI-listed companies listed on the Indonesian Stock Exchange for three years. The data used in this study are second-hand data. The data for this research comes from the company's 2017-2019 annual report for the observation period. Using purposeful sampling methods, samples were obtained from as many as 16 companies using data collection techniques. The data analysis methods used in this study are multiple linear regression analysis, classical hypothesis testing, and hypothesis testing. The results show that the impact of corporate governance perception index, profitability, and company size also affect stock value. The influence of the independent variable on the dependent variable is 37.7%, and the remaining 62.3% are affected by variables other than this study. For partial results, the influence of the Corporate Governance Perception Index and Profitability and has a significant positive effect on Share Value, while the size of the company has no significant positive effect on the value of the share.

Pengaruh corporate governance perception index dan kinerja keuangan terhadap nilai perusahaan

The aim of this study examine the effect of corporate governance perception index and financial performance on corporate value. The study is based sample of companies the ranking corporate governance perception index (CGPI). As sample with 51 firm with purposive sampling. The analysis method regression analysis. The result indicate that corporate governance perception index has not significant influence to corporate value. This is because many corporate implemented corporate governance is only to follow government regulation. Financial performance has significant to corporate value. The higher financial performance, the higher the corporate value.

Good Corporate Governance Memoderasi Pengaruh Earnings Management dan Likuiditas pada Kualitas Laba

The purpose of this study is to obtain empirical evidence on the effect of earnings management and liquidity on earnings quality, with good corporate governance serving as a moderating variable, in companies ranked by the Corporate Governance Perception Index (CGPI). This study employs the associative method, with data gathered from non-participant observations. Purposive sampling was used to determine the sample, and 35 firm-year were obtained during the study period. The Moderated Regression Analysis (MRA) technique was used for data analysis. According to the findings, good corporate governance modifies the relationship between earnings management and earnings quality. Furthermore, according to the findings of this study, good corporate governance has no effect on the relationship between liquidity and earnings quality.
 Keywords: Earnings Management; Liquidity; Earnings Quality; Good Corporate Governance.