Penerapan Good Corporate Governance terhadap Kinerja Perusahaan
Abstract
Company performance is a benchmark for assessing the success of management in achieving company goals. The aim of the research is to prove empirically the effect of implementing Good Corporate Governance on company performance. The research was conducted on 20 state-owned companies listed on the Indonesia Stock Exchange for the 2017-2020 period. The selection of company samples was carried out using purposive sampling method. Company performance is measured by Return on Assets and Good Corporate Governance is measured by indicators of the board of commissioners, managerial ownership, institutional ownership and audit committees. The data analysis technique used is multiple linear regression test. The results showed that the board of commissioners, institutional ownership, and audit committees have a positive effect on company performance, while managerial ownership has a negative effect on company performance.
Keywords: Company Performance; Board of Commissioners; Managerial Ownership; Institutional Ownership; Audit Committee
Downloads
Download data is not yet available.
References
Ahmed, E., Alabdullah, T., Thottoli, M., & Maryanti, E. (2020). Does Corporate Governance Predict Firm Profitability? an Empirical Study in Oman. The International Journal of Accounting and Business Society, 28(1), 161–177. https://doi.org/10.21776/ub.ijabs.2020.28.1.7
Anik, S., Chariri, A., & Isgiyarta, J. (2021). The Effect of Intellectual Capital and Good Corporate Governance on Financial Performance and Corporate Value: A Case Study in Indonesia. Journal of Asian Finance, Economics and Business, 8(4), 391–402. https://doi.org/10.13106/jafeb.2021.vol8.no4.0391
Bayunitri, B. I., Sukma, L., Fania, A., Rizqika, A., Zizilia, L., & Nur, S. (2021). The Influence Of Good Corporate Governance (Gcg) Toward Financial Performance (Case Study At Pt. Perusahaan Listrik Negara (Pln). Review of International Geographical Education Online, 11(5), 900–905. https://doi.org/10.48047/rigeo.11.05.86
Dewi, Rasmini, N. K., & Ratnadi, N. M. D. (2019). The Effect of Independent Board of Commissioners, Institutional Ownership, and Managerial Ownership in Firm Values with Environmental Disclosure as Moderating Variable. International Journal of Sciences: Basic and Applied Research, 48(2), 53–67.
Dewi, D. S., Susbiyani, A., & Syahfrudin, A. (2019). Pengaruh Penerapan Good Corporate Governance, Total Asset Turn Over dan Kepemilikan Institusional Terhadap Kinerja Keuangan Perusahaan. International Journal of Social Science and Business, 3(4), 473.
Dirman, A. (2020). Financial distress: The Impact of Institutional Ownership, Independent Commissioners, Managerial Ownership, and Audit Committe. International Journal of Management Studies and Social Science Research, 2(4), 202–210.
Enda, P. P. & Tenaya K., A I. (2017). Pengaruh Penerapan Good Corporate Governance Dan Ukuran Perusahaan Terhadap Kinerja Keuangan Perbankan Yang Terdaftar Di Bursa Efek Indonesia Periode 2013-2016. E-Jurnal Akuntansi, (21)1, p. 310-329.
Epi, Y. (2017). Pengaruh Ukuran Perusahaan, Struktur Kepemilikan Manajerial Dan Manajemen Laba Terhadap Kinerja Perusahaan Property Dan Real Estate Yang Terdaftar Pada Bursa Efek Indonesia. Owner : Riset Dan Jurnal Akuntansi, 1(1).
Ghozali, Imam. 2017. Analisis Multivariat dengan Program SPSS. Program Doktor Ilmu Ekonomi Universitas Diponogoro. BP UNDIP. Semarang.
Haryetti, H., & Rokhmawati, A. (2021). Does Good Corporate Governance Mediate Risk Management Implementation and Financial Performance of Indonesian Commercial Banks? Journal of Southwest Jiaotong University, 56(3), 457–472. https://doi.org/10.35741/issn.0258-2724.56.3.39
Herawaty, V. (2008). Peran Praktik Corporate Governance sebagai Moderating Variabel Dari Pengaruh Earnings Management Terhadap Nilai Perusahaan. Jurnal Akuntansi dan Keuangan. 10 (2).
Hermiyetti dan Katlanis, Erlinda. (2016). Analisis Pengaruh Kepemilikan Manajerial,Kepemilikan Institusional, Kepemilikan Asing, dan Komite Audit Terhadap Kinerja Keuangan Perusahaan. Media Riset Akuntansi. 6 (2).Laila, N., Dwi Nantyah, I., & Sukmaningrum, P. S. (2014). The Influence of Managerial Ownership. 16–30. www.bpkp.go.id,
Istianingsih. (2021). Earnings Quality as a link between Corporate Governance Implementation and Firm Performance. International Journal of Management Science and Engineering Management, 16(4), 290–301. https://doi.org/10.1080/17509653.2021.1974969
Keputusan Ketua Badan Pengawas Pasar Modal Dan Lembaga Keuangan Nomor: Kep-643/Bl/2012 Tentang Pembentukan Dan Pedoman Pelaksanaan Kerja Komite Audit.
Keputusan Menteri Badan Usaha Milik Negara Nomor : Kep-117/M-Mbu/2002 Tentang Penerapan Praktik Good Corporate Governance Pada Badan Usaha Milik Negara (Bumn).
Komite Nasional Kebijakan Governance (KNKG). 2006. Pedoman Umum GCG Indonesia, Jakarta
Nilayanti, M., & Suaryana, I. G. N. A. (2019). Pengaruh Kepemilikan Manajerial dan Kepemilikan Institusional Terhadap Kinerja Keuangan Perusahaan Dengan Kebijakan Deviden Sebagai Pemoderasi. E-Jurnal Akuntansi, 906.
Purwani, I. A. P., Mahanavami, G. A. & Setiyarti, T. (2017). Good Corporate Governance dan Kinerja Keuangan Pada Perusahaan Farmasi yang Terdaftar di Bursa Efek Indonesia. Juima: Jurnal Ilmu Manajemen Universitas Mahasaraswati, 7 (2).
Rahayu, R. S. A., & Kartika, A. (2021). The Effect of Good Corporate Governance on The Profitability of Manufacturing Companies Listed on the Inodnesia Stock Exchange 2016-2020. Management Science Letters, 10(9), 2045–2052.
Rini, T. S., dan Ghozali, I.(2012). Pengaruh Pemegang Saham Institusi, Komisaris Independen dan Komite Audit Terhadap Tingkat Profitabilitas Perusahaan. Diponegoro Journal Of Accounting, 1 (1), hal. 1 12.
Rossi, R. N., & Panggabean, R. R. 2012. Analisis Pengaruh Penerapan Good Corporate Governance terhadap Kinerja Perusahaan. Binus Business Review, 3(1), 141.
Sarafina, Salsabila dan Muhammad Saifi. 2017. Pengaruh Good Corporate Governance Terhadap Kinerja Keuangan dan Nilai Perusahaan. Jurnal Administrasi Bisnis (JAB), 50 (3), hal. 108-117.
Sianipar, R. H., & Wiksuana, I. G. B. (2019). the Study of Effect of Good Corporate Governance on Financial Performance. Russian Journal of Agricultural and Socio-Economic Sciences, 86(2), 166–170.
Soelton, M., Ramli, Y., Anggraini, D., & Khosasi, D. (2020). Implementing Good Corporate Governance to Engage Corporate Social Rerponsibility in Financial Performance. European Research Studies Journal, XXIII(Issue 1), 239–258. https://doi.org/10.35808/ersj/1547
Soewignyo, T. I., Hillary, M., & Michelle, T. (2021). The Effect of Good Corporate Governance, Size of Firm, and Leverage on Financial Performance of Listed Property and Real Estate Companies in Indonesia. Human Behavior, Development and Society, 22(2), 84–95. https://so01.tci-thaijo.org/index.php/hbds/article/view/248319/168175
Solikhah, B., Wahyudin, A., & Rahmayanti, A. A. W. (2020). The Extent of Intellectual Capital Disclosure and Corporate Governance Mechanism to Increase Market Value. The Journal of Asian Finance, Economics and Business, 7(10), 119–128. https://doi.org/10.13106/jafeb.2020.vol7.no10.119
Syafa’ah, L. (2021). Good Corporate Governance and Leverage of Financial Performance: Literatur Review. IPTEK Journal of Proceedings Series, 0(1), 259. https://doi.org/10.12962/j23546026.y2020i1.7862
Tambun, S., Sitorus, R. R., Panjaitan, I., & Hardiah, A. Z. (2017). The Effect of Good Corporate Governance and Audit Quality on The Earnings Quality Moderated By Firm Size. International Journal of Business, Economics and Law, 14(5), 48–56. http://ijbel.com/wp-content/uploads/2018/02/IJBEL-vol.-14-issue-5-December-2017_201-1.pdf
Wiagustini, Ni Luh Putu. 2010. Dasar-Dasar Manajemen Keuangan. Denpasar. Universitas Udayana Press.
Anik, S., Chariri, A., & Isgiyarta, J. (2021). The Effect of Intellectual Capital and Good Corporate Governance on Financial Performance and Corporate Value: A Case Study in Indonesia. Journal of Asian Finance, Economics and Business, 8(4), 391–402. https://doi.org/10.13106/jafeb.2021.vol8.no4.0391
Bayunitri, B. I., Sukma, L., Fania, A., Rizqika, A., Zizilia, L., & Nur, S. (2021). The Influence Of Good Corporate Governance (Gcg) Toward Financial Performance (Case Study At Pt. Perusahaan Listrik Negara (Pln). Review of International Geographical Education Online, 11(5), 900–905. https://doi.org/10.48047/rigeo.11.05.86
Dewi, Rasmini, N. K., & Ratnadi, N. M. D. (2019). The Effect of Independent Board of Commissioners, Institutional Ownership, and Managerial Ownership in Firm Values with Environmental Disclosure as Moderating Variable. International Journal of Sciences: Basic and Applied Research, 48(2), 53–67.
Dewi, D. S., Susbiyani, A., & Syahfrudin, A. (2019). Pengaruh Penerapan Good Corporate Governance, Total Asset Turn Over dan Kepemilikan Institusional Terhadap Kinerja Keuangan Perusahaan. International Journal of Social Science and Business, 3(4), 473.
Dirman, A. (2020). Financial distress: The Impact of Institutional Ownership, Independent Commissioners, Managerial Ownership, and Audit Committe. International Journal of Management Studies and Social Science Research, 2(4), 202–210.
Enda, P. P. & Tenaya K., A I. (2017). Pengaruh Penerapan Good Corporate Governance Dan Ukuran Perusahaan Terhadap Kinerja Keuangan Perbankan Yang Terdaftar Di Bursa Efek Indonesia Periode 2013-2016. E-Jurnal Akuntansi, (21)1, p. 310-329.
Epi, Y. (2017). Pengaruh Ukuran Perusahaan, Struktur Kepemilikan Manajerial Dan Manajemen Laba Terhadap Kinerja Perusahaan Property Dan Real Estate Yang Terdaftar Pada Bursa Efek Indonesia. Owner : Riset Dan Jurnal Akuntansi, 1(1).
Ghozali, Imam. 2017. Analisis Multivariat dengan Program SPSS. Program Doktor Ilmu Ekonomi Universitas Diponogoro. BP UNDIP. Semarang.
Haryetti, H., & Rokhmawati, A. (2021). Does Good Corporate Governance Mediate Risk Management Implementation and Financial Performance of Indonesian Commercial Banks? Journal of Southwest Jiaotong University, 56(3), 457–472. https://doi.org/10.35741/issn.0258-2724.56.3.39
Herawaty, V. (2008). Peran Praktik Corporate Governance sebagai Moderating Variabel Dari Pengaruh Earnings Management Terhadap Nilai Perusahaan. Jurnal Akuntansi dan Keuangan. 10 (2).
Hermiyetti dan Katlanis, Erlinda. (2016). Analisis Pengaruh Kepemilikan Manajerial,Kepemilikan Institusional, Kepemilikan Asing, dan Komite Audit Terhadap Kinerja Keuangan Perusahaan. Media Riset Akuntansi. 6 (2).Laila, N., Dwi Nantyah, I., & Sukmaningrum, P. S. (2014). The Influence of Managerial Ownership. 16–30. www.bpkp.go.id,
Istianingsih. (2021). Earnings Quality as a link between Corporate Governance Implementation and Firm Performance. International Journal of Management Science and Engineering Management, 16(4), 290–301. https://doi.org/10.1080/17509653.2021.1974969
Keputusan Ketua Badan Pengawas Pasar Modal Dan Lembaga Keuangan Nomor: Kep-643/Bl/2012 Tentang Pembentukan Dan Pedoman Pelaksanaan Kerja Komite Audit.
Keputusan Menteri Badan Usaha Milik Negara Nomor : Kep-117/M-Mbu/2002 Tentang Penerapan Praktik Good Corporate Governance Pada Badan Usaha Milik Negara (Bumn).
Komite Nasional Kebijakan Governance (KNKG). 2006. Pedoman Umum GCG Indonesia, Jakarta
Nilayanti, M., & Suaryana, I. G. N. A. (2019). Pengaruh Kepemilikan Manajerial dan Kepemilikan Institusional Terhadap Kinerja Keuangan Perusahaan Dengan Kebijakan Deviden Sebagai Pemoderasi. E-Jurnal Akuntansi, 906.
Purwani, I. A. P., Mahanavami, G. A. & Setiyarti, T. (2017). Good Corporate Governance dan Kinerja Keuangan Pada Perusahaan Farmasi yang Terdaftar di Bursa Efek Indonesia. Juima: Jurnal Ilmu Manajemen Universitas Mahasaraswati, 7 (2).
Rahayu, R. S. A., & Kartika, A. (2021). The Effect of Good Corporate Governance on The Profitability of Manufacturing Companies Listed on the Inodnesia Stock Exchange 2016-2020. Management Science Letters, 10(9), 2045–2052.
Rini, T. S., dan Ghozali, I.(2012). Pengaruh Pemegang Saham Institusi, Komisaris Independen dan Komite Audit Terhadap Tingkat Profitabilitas Perusahaan. Diponegoro Journal Of Accounting, 1 (1), hal. 1 12.
Rossi, R. N., & Panggabean, R. R. 2012. Analisis Pengaruh Penerapan Good Corporate Governance terhadap Kinerja Perusahaan. Binus Business Review, 3(1), 141.
Sarafina, Salsabila dan Muhammad Saifi. 2017. Pengaruh Good Corporate Governance Terhadap Kinerja Keuangan dan Nilai Perusahaan. Jurnal Administrasi Bisnis (JAB), 50 (3), hal. 108-117.
Sianipar, R. H., & Wiksuana, I. G. B. (2019). the Study of Effect of Good Corporate Governance on Financial Performance. Russian Journal of Agricultural and Socio-Economic Sciences, 86(2), 166–170.
Soelton, M., Ramli, Y., Anggraini, D., & Khosasi, D. (2020). Implementing Good Corporate Governance to Engage Corporate Social Rerponsibility in Financial Performance. European Research Studies Journal, XXIII(Issue 1), 239–258. https://doi.org/10.35808/ersj/1547
Soewignyo, T. I., Hillary, M., & Michelle, T. (2021). The Effect of Good Corporate Governance, Size of Firm, and Leverage on Financial Performance of Listed Property and Real Estate Companies in Indonesia. Human Behavior, Development and Society, 22(2), 84–95. https://so01.tci-thaijo.org/index.php/hbds/article/view/248319/168175
Solikhah, B., Wahyudin, A., & Rahmayanti, A. A. W. (2020). The Extent of Intellectual Capital Disclosure and Corporate Governance Mechanism to Increase Market Value. The Journal of Asian Finance, Economics and Business, 7(10), 119–128. https://doi.org/10.13106/jafeb.2020.vol7.no10.119
Syafa’ah, L. (2021). Good Corporate Governance and Leverage of Financial Performance: Literatur Review. IPTEK Journal of Proceedings Series, 0(1), 259. https://doi.org/10.12962/j23546026.y2020i1.7862
Tambun, S., Sitorus, R. R., Panjaitan, I., & Hardiah, A. Z. (2017). The Effect of Good Corporate Governance and Audit Quality on The Earnings Quality Moderated By Firm Size. International Journal of Business, Economics and Law, 14(5), 48–56. http://ijbel.com/wp-content/uploads/2018/02/IJBEL-vol.-14-issue-5-December-2017_201-1.pdf
Wiagustini, Ni Luh Putu. 2010. Dasar-Dasar Manajemen Keuangan. Denpasar. Universitas Udayana Press.
Published
2023-01-26
How to Cite
DHYANI DEWI, I Gusti Ayu Agung; WIDHIYANI, Ni Luh Sari.
Penerapan Good Corporate Governance terhadap Kinerja Perusahaan.
E-Jurnal Akuntansi, [S.l.], v. 33, n. 1, p. 270-283, jan. 2023.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/80795>. Date accessed: 21 nov. 2024.
doi: https://doi.org/10.24843/EJA.2023.v33.i01.p20.
Issue
Section
Artikel
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
