The Influence of Independent Commissioner, Audit Committee, and Institutional Ownership on Stock Price and Its Impact on Profitability (Study at LQ45 Companies Listed on Indonesia Stock Exchange)
Downloads
This study aims to determine the effect of independent commissioners, audit committees and institutional ownership of stock prices and their impact on profitability. The research population is all LQ45 companies listed in Indonesia Stock Exchange year 2013-2016, the sample of the company is 144 units of analysis. Sources and techniques of data collection using secondary data is financial statements. The method of analysis used is multiple linear regression with path analysis. The results show that independent commissioners, audit committees and institutional ownership simultaneously and partially influence stock prices. Independent commissioners, audit committees, institutional ownership and stock prices simultaneously and partially influence profitability. Partial stock prices mediate independent commissioners, audit committees and institutional ownership of profitability.
Anderson, Ronald C. et al. 2004. Board Characteristics, Accounting Report Integrity, And The Cost Of Debt. Journal of Accounting And Economics, Vol. 37, No.3, pp. 315-342.
Antonius Jogi Mamora Lumban Toruan. 2014. Pengaruh Good Corporate Governance Dalam Mempengaruhi Harga Saham Perusahaan Perbankan Yang Terdaftar Di Bursa Efek Indonesia Tahun 2012.UniversitasNegeri Surabaya
Cerpen Naibaho. 2010. Pengaruh Dividend Per Share (DPS) dan Return On Equity(ROE) Terhadap Harga Saham Perusahaan Makanandan Minuman yang tercatat di Bursa Efek Indonesia. Universitas Sumatera Utara.
Cyert, R.M., dan March, J.G., 1998, Behavioral Theory of the Firm, Wiley-Blackwell; 2ed (1998)
Darwis. 2009. Corporate Governance Terhadap Kinerja Keuangan. Jurnal Keuangan Dan Perbankan Vol 13, No.3. Hal 418-430. terakreditasi SK no. 167/DIKTI/KEP/2007.
Diana Istaghfarindan Ni Gusti Putu Wirawati. 2015. Pengaruh Good Corporate Governaneterhadap Profitabilitaspada Badan Usaha Milik Negara (BUMN). ISSN: 2302-8556 E- Jurnal Akuntansi Universitas Udayana Vol.13.No.2 Nov. 2015. (hal 564-581)
Dody Hapsoro. 2008. Pengaruh Mekanisme Corporate Governance Terhadap Kinerja Perusahaan: Studi Empiris di Pasar Modal Indonesia. Jurnal Akuntansidan Manajemen, Vol. 19, No. 3, Desember 2008.
Donny Siahaan. 2011. AnalisisPengaruh Return on Equity dan Net Profit Margin terhadapHargaSaham Perusahaan Industri Kimia danDasar yang Terdaftar di Bursa Efek Indonesia.Universitas Sumatera Utara.
Dwi Rachmawatidan Damar Asih. 2012. Pengaruh Intellectual Capital Terhadap Return On Asset (ROA) Perbankan. Jurnal Nominal Volume 1 Nomor 1.
Dyan Fadiladan Yan Rahadian. 2012. Pengaruh Penerapan Corporate Governance terhadap Harga Saham (Studi Empiris Perusahaan Munafaktur yang Terdaftar di BEI Periode 2010-2011). Universitas Indonesia
Fama, Eugene F. 1978. The Effect of a Firm’s Investment and Financing Decisions on the Welfare of its Security Holders. The American Economic Review (page 272-284)
Gil, Amarjitdan Obradovich, John. 2012. The Impact of Corporate Governance and Financial Leverage on the Value of American Firms. International Research Journal of Finance and Economics, Issue 91 (2012), 46-56.
Heriyati Chrisna. 2011. Pengaruh Return On Equity, Net Interest Margin dan Dividend Payout Terhadap Harga Saham Perbankan di Bursa Efek Indonesia. Universitas Sumatera Utara.
Holderness, C.G. dan Sheehan, D.P., 1988. The Role of Majority Shareholders In Publicly Held Corporations: An Exploratory Analysis, Journal of Financial Economics, Vol.20 (2), p.317-346
Kuslinah Riniati. 2015. Pengaruh Komisaris Independendan Komite Audit terhadap Kinerja Perusahaan (Perusahaan yang Terdaftar di BEI 2011-2013). Universitas Negeri Yogyakarta
Koh, Ping-Sheng. 2003. On Association between Institutional Ownership amd Aggressive Corporate Earning Management in Australia. The British Accounting Review. Pp. 105-128
Maria Fransisca Widyati. 2013. Pengaruhdewandireksi, Komisaris Independen, Komite Audit, Kepemilikan ManajerialdanKepemilikanInstitusionalterhadap Kinerja Keuangan. Universitas Negeri Surabaya
Maryanahdan Amilin. 2011. Pengaruh Corporate Governance dan Kepemilikan Manajerial Terhadap Kinerja Perusahaan (Studi Pada Perusahaan yang Terdaftar di Bursa Efek Jakarta). Jurnal Akuntabilitas (Online), (http://journal.aktfebuinjkt.ac.id)
Ni NyomanRamdianidan I Ketut Yadnyana. 2013. Pengaruh Penerapan Corporate Governance dan Kinerja Keuanganpada Harga Saham Perbankan yang Terdaftar di Bursa Efek Indonesia Tahun 2009-2011. Universitas Udayana.
Setiyarinidan Lilik Purwanti. 2014. Mekanisme Corporate Governance, Manajemen Labadan Kinerja Perusahaan. Jurnal Akuntansidan Keuangan, Volume 10, No. 2: 97-108.
SitiResmi. (2002). Keterkaitan Kinerja Keuangan Perusahaan dengan Return Saham. Kompas Nomor 6, September 2002.
Sudarti. 2013. Pengaruh Good Corporate Governance, Profitabilitas dan Kepemilikan Pemerintah terhadap Harga Saham pada Perusahaan yang Tergabung dalam CGPI 2005-2010. Universitas Esa Unggul
Tetty Rini Sulestyodan Imam Ghozali. 2012. Pengaruh Pemagang Saham Institusi, Komisaris Independendan Komite Audit terhadaptingkatprofitabilita -sperusahaan. Diponegoro Journal of Accounting, Vol. 1 No.1. 1-12.
Zuliarni, Sri, 2012. Pengaruh Kinerja Keuanganterhadap Harga Sahampada Perusahaan Mining and Mining Service di Bursa Efek Indonesia (BEI). Jurnal Aplikasi Bisnis, Volume 3 Nomor 1 hal 36.
