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Pengaruh penerapan corporate governance terhadap kinerja profitabilitas dan kinerja pasar
Based on previous research, good corporate governance implementation is expected to increase firm performance, both profitability performance, and also market performance. In this research, we use four factors of corporate governance that will be analyzed as proxies for the good corporate governance implementation, which are independent commissioner, audit committee, external auditor, and foreign ownership. We relate corporate governance factors to profitability performance as represented by return on assets and market performance as represented by price to book value by using data provided of 146 companies coming from five industries (all industries, except banking and financial industry) listed in BEI in 2006. Consistent with the model, we find that independent commissioner has positive and significant influence to market performance, but not to profitability performance. Audit committee has positive and significant influence to market performance, but not to profitability performance. External auditor has positive and significant influence to profitability performance, but not to market performance. Meanwhile, foreign ownership doesn?t have significant influence to both profitability and market performance. Our results reveal that not all corporate governance factors are closely linked to firm performance. For further research, to get the research result that can be generalized, firstly this paper suggests to widen the research period, by using pooling method (combination between cross-section and time series). Second, next research should also include any corporate governance factors other than the four existing factors. Third, next research should use consistent measurement to measure all corporate governance factors implementation. Keywords : corporate governance, profitability performance, market performance, independent commissioner, audit committee, external auditor, foreign ownership.Ada tabel
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| 6121 | PSB lt.2 - Karya Akhir | 1 |
| Penerbit | Depok: Departemen Akuntansi, Fakultas Ekonomi Universitas Indonesia 2008 |
|---|---|
| Edisi | - |
| Subjek | Company performance Good corporate governance Foreign ownership Audit committees External auditing |
| ISBN/ISSN | - |
| Klasifikasi | - |
| Deskripsi Fisik | xi, 69 p. ; 30 cm. |
| Info Detail Spesifik | - |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas | Tidak Ada Data |