ANALISIS PENGARUH PENERAPAN GOOD CORPORATE GOVERNANCE DAN STRUKTUR KEPEMILIKAN TERHADAP KINERJA PERUSAHAAN

Abstract

Corporate Governance is the process and structure used to direct and manage the business affairs of the company towards enhancing business prosperity and corporate accountability with the ultimate objective of realizing long-term shareholder value, whilst taking into account the interest ofother stakeholders. This research aims to examine the effect ofgood corporate governance and ownership structure on corporate performance ofCorporate Governance Perception Index participator. This research uses CGPI index, managerial ownership and institutional ownership as independent variables and ROE and Tobin's Q as dependent variables . The object ofthis research is CGPI Rating Reports year 2006 and 2007 and annual report year 2006 and 2007. This research employs a multiple regression to test the hypothesis. The results of this study are: (1) there is no significant relationship between corporate governance index and corporateperformance. (2) there is no significant relationship between managerial ownership and corporate performance. (3) there is significant positive relationship between institutional ownership and return on equity (ROE), but no significant relationship between institutional ownership and Tobin's Q Keywords: Good Corporate Governance, Ownership Structure, Corporate Performance