Effect of Company Performance on GCG and Control of Operation Cost

Aims: The research aims to investigate and analyze the relationship between state equity involvement, corporate strategy, and the application of good corporate governance principles, as well as the relationship between operating cost control and firm success. Study Design: Research design this is Explanatory Research by doing analysis Descriptive analysis and Verification. Place and Duration of Study: The information utilized includes both primary data gathered through questionnaires and secondary data gathered from SEO Businesses in Indonesia receiving SEP. Methodology: State Equity Participation, Business Strategy, Good Corporate Governance, Operational Cost Control, and Company Performance are the Subjects of This Study. The company secretary, internal control unit, and finance department are the study's units of observation. Structural equation modeling is the research methodology employed (SEM). Research design this is Explanatory Research by doing analysis Descriptive analysis and Verification. Results: The findings of this study indicate that there is an influence between the variables                   of State Equity Participation (SEP) and Business Strategy (BS) on Good Corporate Governance (GCG). There is an influence between the variables of State Equity Participation (SEP), Business Strategy (BS), and Good Corporate Governance (GCG) on Operational Cost Control (OCC). However, there is no influence between the variables of Good Corporate Governance (GCG), Operational Cost Control (OCC), and State Equity Participation (SEP) on Company Performance (CP). But there is an influence between the variables of Business Strategy (BS) on Company Performance (CP). Conclusion: The investigation revealed that there is a connection between State Equity Participation (SEP) and Good Corporate Governance (GCG). The variable state equity participation (SEP) has an impact, as well, on the operational cost control (OCC). The findings of the research on the Business Strategy (BS) variable also have an impact on Good Corporate Governance (GCG). The Business Strategy Variable (BS) is also related to Operational Cost Control in a meaningful way (OCC), and there was no correlation between the components of Good Corporate Governance (GCG) and Company Performance (CP).