The effect of good corporate governance on financial performance of lq45 index companies listed in Indonesia stock exchange

Todoan, Mikhael (2021) The effect of good corporate governance on financial performance of lq45 index companies listed in Indonesia stock exchange. Bachelor thesis, Universitas Pelita Harapan.

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Abstract

To ensure the company's business continuity in today's competitive business environment, all organizations must strive to maximize profits from their operations. Therefore, company must be able to manage the risk by effectively applying good corporate governance. However, past studies shown inconsistent results related to the effect of GCG on financial performance. For this reason, the writer intends to discover whether there is effect of Good Corporate Governance on Financial Performance of LQ45 Index Companies Listed in the Indonesia Stock Exchange. In this study, Good Corporate Governance is proxied by independent commissioners, institutional ownership, and managerial ownership, while financial performance is proxied by Return on Equity (ROE). This study is a causal research that employs descriptive research method with quantitative approach. Data for this study is collected from 24 companies of LQ 45 Index from the period 2015-2019 that is determined by using purposive sampling method. The data analysis is performed through multiple linear regression analysis. The results of data analysis show that independent commissioners have a significant positive effect on ROE of LQ45 index companies listed in the Indonesia Stock Exchange. Meanwhile, institutional ownership and manangerial ownership do not have any effect on ROE of LQ45 index companies listed in the Indonesia Stock Exchange. However, simultaneously, independent commissioners, institutional ownership, and managerial ownership do have significant effect. Thus, the writer suggests investors, creditors, companies, and other practitioners to consider the implementation of Good Corporate Governance./ Untuk memastikan kelangsungan bisnis perusahaan dalam lingkungan bisnis yang kompetitif saat ini, semua perusahaan harus berusaha untuk memaksimalkan keuntungan dari operasi mereka. Oleh karena itu, perusahaan harus mampu mengelola risiko dengan menerapkan tata kelola perusahaan yang baik secara efektif. Namun, penelitian terdahulu menunjukkan hasil yang tidak konsisten terkait pengaruh GCG terhadap kinerja keuangan. Untuk itu penulis bermaksud untuk mengetahui apakah terdapat pengaruh Good Corporate Governance terhadap Kinerja Keuangan Perusahaan Indeks LQ45 Yang Terdaftar di Bursa Efek Indonesia. Dalam penelitian ini, Good Corporate Governance diproksikan dengan komisaris independen, kepemilikan institusional, dan kepemilikan manajerial, sedangkan kinerja keuangan diproksikan dengan Return on Equity (ROE). Penelitian ini merupakan penelitian kausal yang menggunakan metode penelitian deskriptif dengan pendekatan kuantitatif. Data penelitian ini dikumpulkan dari 24 perusahaan Indeks LQ 45 periode 2015-2019 yang ditentukan dengan menggunakan metode purposive sampling. Analisis data dilakukan melalui analisis regresi linier berganda. Hasil analisis data menunjukkan bahwa komisaris independen berpengaruh positif signifikan terhadap ROE perusahaan indeks LQ45 yang terdaftar di Bursa Efek Indonesia. Sedangkan kepemilikan institusional dan kepemilikan manajerial tidak berpengaruh terhadap ROE perusahaan indeks LQ45 yang terdaftar di Bursa Efek Indonesia. Namun secara simultan, komisaris independen, kepemilikan institusional, dan kepemilikan manajerial berpengaruh signifikan. Oleh karena itu, penulis menyarankan investor, kreditur, perusahaan, dan praktisi lainnya untuk mempertimbangkan penerapan Good Corporate Governance.

Item Type: Thesis (Bachelor)
Creators:
CreatorsNIMEmail
Todoan, MikhaelNIM00000028514mikhaelraja5@gmail.com
Contributors:
ContributionContributorsNIDN/NIDKEmail
Thesis advisorMartok, YenniNIDN0130048101yenni.martok@uph.edu
Uncontrolled Keywords: tata kelola perusahaan yang baik, kinerja keuangan, teori keagenan
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HF Commerce
H Social Sciences > HF Commerce > HF5601 Accounting
Divisions: University Subject > Current > Faculty/School - UPH Medan > Business School > Accounting
Current > Faculty/School - UPH Medan > Business School > Accounting
Depositing User: Users 18960 not found.
Date Deposited: 20 Aug 2021 12:37
Last Modified: 12 Jan 2022 10:41
URI: http://repository.uph.edu/id/eprint/42030

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