Good Corporate Governance In Non-Financial Sector Companies On The Indonesian Stock Exchange

lukito, Excel Nathaniel and Murhadi, Werner Ria and Wijaya, Liliana Inggrit (2024) Good Corporate Governance In Non-Financial Sector Companies On The Indonesian Stock Exchange. JIAFE (Jurnal Ilmiah Akuntansi Fakultas Ekonomi), 10 (1). pp. 13-22. ISSN 2502-3020; E-ISSN 2502-4159

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Abstract

The purpose of this study is to look at how good corporate governance affects the financial performance of all companies in the non-financial sector that are listed on the Indonesia Stock Exchange. This study employs a sample of non- financial companies listed on the Indonesia Stock Exchange and the ordinary least squares approach with panel data. The study's findings show that the board of commissioners' independence variable has a positive impact on ROA and TOBIN's Q; board size has a negative impact on ROA and a positive impact on TOBIN'S Q; the audit committee has a negative impact on ROA and TOBIN'S Q; institutional ownership has a positive impact on ROA and Tobin's Q; organizational size has a positive impact on ROA and a negative impact on TOBIN'S Q; and leverage has a negative impact on both ROA and TOBIN'S Q. According to this research, businesspeople should be aware that there are independent commissioners who can send out encouraging signals to potential investors. However, the audit committee has not been successful in sending investors a negative message.

Item Type:	Article
Uncontrolled Keywords:	Board size; corporate governance; financial performance; independent commissioner; institutional ownership
Subjects:	H Social Sciences > HG Finance
Divisions:	Faculty of Business and Economic > Department of Management
Depositing User:	Werner R. Murhadi 31124
Date Deposited:	12 Mar 2024 02:16
Last Modified:	12 Mar 2024 02:16
URI:	http://repository.ubaya.ac.id/id/eprint/46103

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