The influence of corporate governance on the performance of public companies included in the CGPI rating for the 2005-2007 period
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Published:
Dec 31, 2022
Keywords:
Corporate governance, Performanc, Return on equity
Section
Articles
Statistics Article
Article View : 155 Times
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Abstract
The purpose of this research is to investigate the influence of corporate governance implementation on firm performance. The samples of this research is non financial public companies which include the CGPI rating in 2005, 2006 and 2007. The dependent variable are ROE and Tobin’s Q as operating and market performance. Independent variable of this research is corporate governance perception index and this study uses leverage and firm size as control variables. This study use 34 objects that meet some criteria. Using multiple regression analysis, this research found that corporate governance implementation has a positive significant influence to ROE as operating performance and also found that corporate governance implementation has a positive significant influence to Tobin’s Q as market Performance.
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How to Cite
Yohana, I. (2022). The influence of corporate governance on the performance of public companies included in the CGPI rating for the 2005-2007 period. Indonesia Auditing Research Journal, 11(4), 191–202. https://doi.org/10.35335/arj.v11i4.17
References
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Clarke, T. (2007). International corporate governance: A comparative approach. Routledge.
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Darmawati, Deni (2006). Pengaruh Karakteristik Perusahaan dan Faktor Regulasi Terhadap Kualitas Implementasi Corporate Governance. Simposium Nasional Akuntansi IX Padang.
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SWA Sembada (2005). Edisi 09/XXI/28 April – 11 Mei.
Syakhroza, Akhmad (2005). Corporate Governance: Sejarah dan Perkembangan, Teori, Model, dan Sistem Governance serta aplikasinya pada perusahaan BUMN. Lembaga Penerbit FEUI.
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Ujiyantho, M Arif dan Bambang AP (2007). Mekanisme Corporate Governance, Manajemen Laba dan Kinerja Keuangan. Simposium Nasional Akuntansi X.
Welford, R. (2007). Corporate governance and corporate social responsibility: Issues for Asia. Corporate Social Responsibility and Environmental Management, 14(1), 42–51.
West, A. (2009). The ethics of corporate governance: A (South) African perspective. International Journal of Law and Management.
Wild, John et al (2007). Financial Statement Analysis.ninth edition. McGraw Hill International Edition.
Young, M. N., Peng, M. W., Ahlstrom, D., Bruton, G. D., & Jiang, Y. (2008). Corporate governance in emerging economies: A review of the principal–principal perspective. Journal of Management Studies, 45(1), 196–220.
Black, Jung, Kim (2002). Does Corporate Governance Predict Firm’s Market Value? Evidence from Korea. http://papers.ssrn.com
Boediono, Gideon SB (2005). Kualitas Laba: Studi Pengaruh Mekanisme Corporate Governance dan Dampak Manajemen Laba Dengan Menggunakan Analisis Jalur. Simposium Nasional Akuntansi VIII Solo.
Clarke, T. (2007). International corporate governance: A comparative approach. Routledge.
Daniri, Mas Achmad (2006). Good Corporate Governance Konsep dan Penerapannya dalam Konteks Indonesia. Edisi Kedua. Ray Indonesia.
Darmawati, Deni (2006). Pengaruh Karakteristik Perusahaan dan Faktor Regulasi Terhadap Kualitas Implementasi Corporate Governance. Simposium Nasional Akuntansi IX Padang.
Darmawati, Khomsiyah, Rika Gelar R (2004). Hubungan Corporate Governance dan Kinerja Perusahaan. Simposium Nasional Akuntansi VII Denpasar.
Dornbusch, S Fischer, R Startz (2004). Makroekonomi. Edisi delapan. PT Media Global Edukasi.
Dyck, A., Volchkova, N., & Zingales, L. (2008). The corporate governance role of the media: Evidence from Russia. The Journal of Finance, 63(3), 1093–1135.
Hastuti, Theresia (2005). Hubungan Corporate Governance dan Struktur Kepemilikan dengan Kinerja Keuangan. Simposium Nasional Akuntansi VIII Solo.
Hidayah, Erna (2008). Pengaruh Kualitas Pengungkapan Informasi Terhadap Hubungan Antara Penerapan Corporate Governance Dengan Kinerja Perusahaan di BEJ. JAAI Volume 12 No.1
Klapper, Leora F dan Love (2002). Corporate Governance, Investor Protection, and Performance in Emerging Markets. http://papers.ssrn.com
KNKG (2006). Pedoman Umum Good Corporate Governance Indonesia.
Madhani, P. M. (2007). Corporate governance from compliance to competitive advantage. The Accounting World, 7(8), 26–31.
Mihaela, H. S. (2009). Corporate Governance-An Effective Method For Improving The Company Management. Managerial Challenges of the Contemporary Society. Proceedings, 116.
Mustika, Dyah (2005). Krisis Ekonomi 1997 Menumbuhkan GCG di Indonesia. www.bapepam.go.id/pasar_modal/publikasi_pm/info_pm/warta/2005_maret/ GCG.pdf
OECD (2004). OECD Principles of Corporate Governance.
Rachagan, S., & Satkunasingam, E. (2009). Improving corporate governance of SMEs in emerging economies: a Malaysian experience. Journal of Enterprise Information Management, 22(4), 468–484.
Robbins, Stephen P dan Mary Coulter (2005). Manajemen. Edisi tujuh. Indeks.
Ross, Westerfield, Jaffe (2005). Corporate Finance. seventh edition. McGraw Hill.
Sayidah, Nur (2007). Pengaruh Kualitas Corporate Governance Terhadap Kinerja Perusahaan Publik. JAAI Volume 11 No.1.
Scott, W.R (2006). Financial Accounting Theory. Fourth edition. Prentice-Hall International, Inc.
Sekaran, Uma (2006). Research Methods for Business. Edisi empat. Penerbit Salemba empat.
Siallagan, Hamonangan dan Mas’ud Machfoedz (2006). Mekanisme Corporate Governance, Kualitas Laba Dan Nilai Perusahaan. Simposium Nasional Akuntansi IX Padang.
Simkins, B., & Ramirez, S. A. (2007). Enterprise-wide risk management and corporate governance. Loy. U. Chi. LJ, 39, 571.
SWA Sembada (2005). Edisi 09/XXI/28 April – 11 Mei.
Syakhroza, Akhmad (2005). Corporate Governance: Sejarah dan Perkembangan, Teori, Model, dan Sistem Governance serta aplikasinya pada perusahaan BUMN. Lembaga Penerbit FEUI.
The Essence of Good Corporate Governance: Konsep dan Implementasi Pada Perusahaan Publik dan Korporasi Indonesia (2002). YPPMI & Sinergy Communication.
Ujiyantho, M Arif dan Bambang AP (2007). Mekanisme Corporate Governance, Manajemen Laba dan Kinerja Keuangan. Simposium Nasional Akuntansi X.
Welford, R. (2007). Corporate governance and corporate social responsibility: Issues for Asia. Corporate Social Responsibility and Environmental Management, 14(1), 42–51.
West, A. (2009). The ethics of corporate governance: A (South) African perspective. International Journal of Law and Management.
Wild, John et al (2007). Financial Statement Analysis.ninth edition. McGraw Hill International Edition.
Young, M. N., Peng, M. W., Ahlstrom, D., Bruton, G. D., & Jiang, Y. (2008). Corporate governance in emerging economies: A review of the principal–principal perspective. Journal of Management Studies, 45(1), 196–220.
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