Hubungan Penerapan Corporate Governance Dan Kinerja Perusahaan
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Institusion
STIE Indonesia Banking School
Author
Ronsumbre, Liberty Dorkas Insoraki
Subject
HF5601 Accounting
Datestamp
2022-09-08 08:34:52
Abstract :
This study describes the application of corporate governance relationship with the company's performance. This study uses multiple regression analysis to determine whether the corporate governance and firm performance has a positive influence. The sample firms are included in the ranking Corporate Governance Perception Index (CGPI) for the years 2008 to 2010 of the Indonesian Institute for Corporate Governance (IICG). Corporate governance is measured using CGPI index. And the company's performance is measured using Tobin's Q as a measure of market performance and ROE as a measure of the company's operational performance. The amount of sampel are 36 firms that follows CGPI program from 2008 until 2010 and listed in Bursa Efek Indonesia and has financial statement at the end of 31 December. Purposive sampling method used in this research. The results of this study indicate that there are no significant relationship between corporate governance with the ROE (operating performance) or Tobin's Q (operational performance). The market not influenced by corporate governance implemented directly because because the market response to the application of corporate governace can not be felt in the short term, but it takes time. Key words: Corporate governance, Tobin's Q, Return On Equity (ROE), and Corporate Performance
This study describes the application of corporate governance relationship with the company's performance. This study uses multiple regression analysis to determine whether the corporate governance and firm performance has a positive influence. The sample firms are included in the ranking Corporate Governance Perception Index (CGPI) for the years 2008 to 2010 of the Indonesian Institute for Corporate Governance (IICG). Corporate governance is measured using CGPI index. And the company's performance is measured using Tobin's Q as a measure of market performance and ROE as a measure of the company's operational performance. The amount of sampel are 36 firms that follows CGPI program from 2008 until 2010 and listed in Bursa Efek Indonesia and has financial statement at the end of 31 December. Purposive sampling method used in this research. The results of this study indicate that there are no significant relationship between corporate governance with the ROE (operating performance) or Tobin's Q (operational performance). The market not influenced by corporate governance implemented directly because because the market response to the application of corporate governace can not be felt in the short term, but it takes time. Key words: Corporate governance, Tobin's Q, Return On Equity (ROE), and Corporate Performance
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