Pengaruh Mekanisme Good Corporate Governance Terhadap Kinerja Keuangan Badan Usaha Publik Keuangan Dan Non Keuangan Pemenang Annual Report Award Periode 2006-2008

Citrawati, Citrawati and Wijaya, Liliana Inggrit and Ernawati, Endang (2012) Pengaruh Mekanisme Good Corporate Governance Terhadap Kinerja Keuangan Badan Usaha Publik Keuangan Dan Non Keuangan Pemenang Annual Report Award Periode 2006-2008. In: Proceeding Konferensi Nasional Riset Manajemen V, 24 November 2011, Manado.

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Abstract

This research aims to analyze the effect of good corporate governance mechanisms on financial performance as measured by return on assets, return on equity, and Tobins Q. In addition, this study aims to analyze the differences in flnandal performance between the financial enterprises (banks) and non-financial enterprises which predicted better In the finandal sector as it is a regulated sector. Variables which use are board of commissioners size, Independent commissioner size, board of directors size, audit committee size, the proportion of managerial ownership, and the proportion of Institutional ownership. This research uses a quantitative approach with panel data analysis model. This research use population of flnandal and non-financial listed business enterprise which winning Annual Report Award 2006-2008 with 5 year observation period. By using a population of 6 financial enterprises and 9 non-financial enterprises, the research found that the variable size of the board of commissioners has no significant effect to financial performance, the Independent commissioner size variable has significantly positive effect to ROA and ROE finandal enterprises but has significantly negative effect to Tobins Q. In addition, the variable size of the board of directors has significantly positive effect to ROA of financial enterprises and ROE of financial and non-financial enterprises, the audit committee size variable has significantly negative effect to financial performance, and the variable proportion of managerial ownership has significantly positive effect to ROA and ROE financial enterprises but has significantly negative effect to ROE non-financial enterprises. The variable proportion of institutional ownership has significantly positive effect to Tobins Q and otherwise has significantly negative effect to ROA and ROE of financial enterprises. In addition, this research also proves that financial enterprises have lower financial performance than non-financial business enterprises which implement GCG mechanism.

Item Type:	Conference or Workshop Item (Paper)
Uncontrolled Keywords:	good corporate governance, finandal performance
Subjects:	H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions:	Faculty of Business and Economic > Department of Management
Depositing User:	Ester Sri W. 196039
Date Deposited:	11 Apr 2022 08:15
Last Modified:	13 Jun 2022 08:22
URI:	http://repository.ubaya.ac.id/id/eprint/41732

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