Corporate Government Index and Factors Diterminant: Study on Manufacture Industries in Indonesia Stock Exchange
Downloads
The purpose of this study was to examine the factors that affect good corporate governance (GCG) as measured by the GCG index. While the factors that are thought to influence the implementation of GCG are profitability as measured by return on equity (ROE), leverage as measured by debt-to-equity ratio, independent audit committee, and firm size as measured by log natural total assets. The population of this study are manufacturing companies listed on the Indonesia Stock Exchange (IDX), with a sample of 39 companies taken by purposive sampling technique. The data observation period is four years (2017 – 20220) with annual data taken from the website of each sample company. To test the hypothesis, multiple regression analysis tools were used with a significance level of 5%. The results showed that profitability, leverage, and independent audit committee had no effect on the implementation of GCG. Firm size has a significant and positive effect on GCG.
Ahmad, N., & Sulistiani, D. (2014). Pengaruh Ukuran Perusahaan, Profitabilitas, Ukuran Dewan Komisaris, dan Leverage Terhadap Luas Pengungkapan Good Corporate Governance. El-Muhasabah, Vol.5, No.1.
Alimia, L., & Retrinasari, I. (2007). Analisis Pengaruh Karakteristik Perusahaan Terhadap Kelengkapan Pengungkapan dalam Laporan Tahunan Perusahaan Manufaktur yang Terdaftar di BEI. Proceeding Seminar Nasional.
Akinsokeji, R. A., Ogunleye, E., & O.Akindele, O. (2020). Impact of Firm Performance on Corporate Governance Quality: The Case of Nigerian Manufacturing Firms. Nigeria: Sumerianz Journal of Economics and Finance, 2020, Vol. 3, No. 11, pp. 189-193.
Amin, A. (2016). Independensi Komite Audit, Kualitas Audit dan Kualitas Laba: Bukti Empiris Perusahaan dengan Kepemilikan Terkonsentrasi. Jurnal Akuntansi dan Keuangan, Vol. 18, No. 1, 1-14.
Black, B.S., Jang, H., & Kim, W. (2003). Predicting Firms Corporate Governance Choices: Evidence from Korea. Working Paper. http://papers.ssrn.com/ abstract=428662.
Brigham, & Houston. (2014). Dasar-Dasar Manajemen Keuangan. Jakarta: Jakarta: Salemba Empat.
Bruce C, S., & dkk. (2012). Independent Audit Committees In Public Sector Organizations. The Institute of Internal Auditors.
Cadbury, Adrian. Report of the Committee on the Financial Aspects of Corporate Governance. London: Gee, 1992.
Chrisdianto, B. (2013). Peran Komite Audit dalam Good Corporate Governance. Jurmal Akutansi Aktual, 1-8.
Denny I. P & Prof. Dr. H. Sugeng Wahyudi, M. (2010). Analisis Pengaruh Ukuran Perusahaan, Likuiditas, Leverage, dan Profitabilitas Terhadap Mandatory Disclosure (Studi Empiris Pada Perusahaan Manufaktur Yang Terdaftar di BEI Tahub 2008-2009).
Durnev, A. & Kim, E.H. 2003. To Steal or Not to Steal: Firm Attributes. Legal Environment and Valuation. Working Paper
Fahira, N. S., & dkk. (2020). Profitabilty, Liquidity, Leverage, and Firm Risk: Evidance From Indonesia Tobacco Industry. International Journal of Economics, Bussines and Accounting Research.
Fahmi, I. (2013). Analisis Laporan Keuangan. Bandung: Alfabeta.
Gatamah, K. (2008) Corporate Governance in the African Context. Centre for International Private Enterprise, Washington DC.
Hartono, J. (2013). Teori Portofolio dan Analisis Investasi Edisi Kedelapan. BPFE.
Jensen, M., & Meckling, W. (1976). Theory of The Firm: Managerial Behavior, Agency Costs and Ownership Structure. Journal of Financial Economics.
Kartikasari, D., & Merianti, M. (2016). The Effect of everage and Firm Size to Profitability of Public Manufacturing Companies in Indonesia. International Journal of Economics and Financial Issues.
Kasmir. (2017). Analisis Laporan Keuangan. Jakarta: Rajawaji Pers.
Klapper, L. F., & Love, I. (2003). Corporate Governance, Investor Protection, and Performance in Emerging Markets. Journal of Corporate Finance, Vol. 10, No.5.
Meiryani, & dkk. (2020). The Effect of Firm's Size on Corporate Performance. International Journal of Advance Computer Science and Applications.
Meitha, R., & Tuzahro, U. (2009). Determinan Corporate Governance. JAI Vol.5, No.2.
Muhammad, & dkk. (2009). Disclosure Quality on Governance Issues in Annual Reports of Malaysian PLCs. International Business Research. Vol. 2, No. 4, 61-72.
Natalia, P., & Zulaikha. (2012). Analisis Faktor-Faktor Yang Mempengaruhi Pengungkapan Corporate Governance Pada Laporan Tahunan (Studi Empiris pada Perusahaan yang Terdaftar dalam LQ-45 Bursa Efek Indonesia). Diponegoro Journal Of Accounting, 1-10.
Pamudji, S., & Trihartati, A. (2010). Pengaruh Independensi dan Efektifitas Komite Audit Terhadap Manajemen Laba. Jurnal Dinamika Akutansi, 21-29.
Pamungkas, I., & Muid, D. (2012). Analisis Faktor-Faktor Yang Mempengaruhi Good Corporate Governance Rating ( Studi Kasus pada Perusahaan yang Terdaftar dalam Laporan Indeks CPGI Tahun 2009-2011). Diponegoro Journal Of Accounting.
Putranto, R. J., & Raharja, S. (2013). Faktor-Faktor Yang Mempengaruhi Luas Pengungkapan Corporate Governance Dalam Laporan Tahunan Perbankan Yang Terdaftar Pada BEI Tahun 2008-2011. Diponegoro Journal Of Accounting.
Rompas, R. e. (2014). FAKTOR-FAKTOR YANG MEMPENGARUHI PENGUNGKAPAN CORPORATE GOVERNANCE PADA LAPORAN TAHUNAN PERUSAHAAN YANG TERDAFTAR DALAM LQ-45. Jurnal EMBA, 841-851.
Sartono, A. (2010). Manajemen Keuangan Teori dan Aplikasi. Yogyakarta: BPFE.
Sritharan, V. (2015). Doues Firm Size Influence on Firm's Profitability? Evidance from Listed Firms of Sri Lanka Hotels and Travels Sector. Research Journal of Finance and Accounting.
Suayana, A. (2005). Pengaruh Komite Audit terhadap Kualitas Laba. Simposium Nasional Akuntansi VII, 147-158.
Sukarya, I. P., & Baskara, I. G. (2019). Pengaruh Profitabilitas, Leverage, dan Likuiditas Terhadap Nilai Perusahaan Sub Sektor Food and Beverages. E-Jurnal Manajemen, Vol.8, No.1, 16.
Suwardika, I. N., & Mustanda, I. K. (2017). Pengaruh Leverage, Ukuran Perusahaan, Pertumbunhan Perusahaan, Dan Profitabilitas Terhadap Nilai Perusahaan Pada Perusahaan Properti. E-Jurnal Manajemen Unud, Vol.6, 1248-1277.
Tjandra, Y. D., & Suryathi, N. W. (2017). Pengaruh Faktor Internal dan Eksternal Perusahaan Terhadap Penerapan Good Corporate Governance Pasa Perusahaan Retail (Studi Kausus Pada Perusahaan Yang Terdaftar Di Bursa Efek Indonesia Periode 2013-2015). Jurnal Ilmiah Akutansi dan Bisnis Vol.2 No.1.
Tugiman, H. (2014). Pandangan Baru Internal Auditing. Yogyakarta: Kanisius.
Wiagustini, L. P. (2014). Dasar-Dasar Manajemen Keuangan. Denpasar: Udayana Univetsity Press.
Yenney, L. S. (2012). Faktor- Faktor Yang Mempengaruhi Kelengkapan Pengungkapan Wajib Dalam Laporan Keuangan Pada Perusahaan Manufaktur Yang Terdaftar Di BEI. Journal The WINNERS.
