PENGARUH MEKANISME GOOD CORPORATE GOVERNANCE DAN STRUKTUR KEPEMILIKAN TERHADAP KINERJA KEUANGAN PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI TAHUN 2010-2012

Abstract

This  study  aims  to  identify  and  analyze  the  influence  of  the  number  of commissioners,  the  proportion  of  independent  board,  the  number  of  audit committee,  the  number  of  the  board  of  directors,  managerial  ownership, institutional ownership as the independent variables, and the company size as the control variable either partially or simultaneously on the company’s financial performance, namely ROA and ROE as dependent variables in companies listed on the Stock Exchange from 2010 to2012. The  method  of  sampling  was  done  through  purposive  sampling  method.  The population of companies were the ones listed on the Stock Exchange from 2010 to 2012. The obtained samples were 91 companies, so that the amount of data used were as many as 273, but there are some outlier data that must be removed in order to meet the assumption of normality. Therefore, the amount of the final samples  used  in  this  study  were  75  companies  with  the  amount  of  data  used were 194. The analytical tool used was multiple linear regression analysis, and to test the level of significance the F test and the t-test were used which were processed with SPSS 22. The  results  showed  that  the  variable  of  the  proportion  of  independent  board significantly  gave  negative  effects  on  ROA  and  ROE,  while  the  variable  of the  number  of  commissioners,  the  number  of  board  of  directors,  managerial ownership,  institutional  ownership  and  firm  size  did  not  affect  the  ROA  and ROE. The variable of the number of the audit committee was not used in the analysis because the data had constant value. Keywords : Corporate governance, ownership structure, financial performance