Pengaruh Penerapan Good Corporate Governance (GCG) Terhadap Kinerja Keuangan Perusahaan: Studi Empirik Pada Perusahaan Go Public Yang Termasuk Kelompok Sepuluh Besar Menurut Corporate Governance Perception Index (CGPI) Di Bursa Efek Indonesia

Meythi ., Lusiyana Devita

Abstract


The main objective of this research was to determined whether there was influence of the implementation of Good Corporate Governance (GCG) was measured using the GCG implementation score published by IICG with the company’s financial performance was measured using Return on Equity (ROE) on go public companies which includes top ten groups according to the Corporate Governance Perception Index (CGPI) in Indonesia Stock Exchange. Samples used in this research as many as 70 companies taken by purposive sampling, with the following criteria: (1) go public companies were listed in
Indonesia Stock Exchange in 2002-2008 (2) go public companies that issued financial statements from the years 2002-2008, (3) go public companies that included in the top ten rating of the implementation of GCG conducted by the Indonesian Institute for Corporate Governance (IICG) from the years 2002-2008. Analysis model of the data used in this research was a simple linear regression model, because the independent variables accounted for one was implementation of GCG. Analysis of the data used in this research
was equipped with the classical assumption test, namely normality test, heteroscedasticity test, and autocorrelation test. Based on the results of hypothesis testing showed that the implementation of GCG didn’t influence on the ROE, this can be seen from t-test that
generate significant value of 0,996 is greater than the significant level of 0,05.
Keywords: Good Corporate Governance (GCG), Scores of Good Corporate Governance (GCG), Company Financial Performance, and Return on Equity (ROE).

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