ANALISIS PENGARUH MEKANISME CORPORATE GOVERNANCE TERHADAP VOLUNTARY CORPORATE GOVERNANCE DISCLOSURE

Abstract

The focus of this research is to test a set of corporate governance mechanisms that include ownership structure and control mechanisms of the organ of the company to the level of voluntary corporate governance disclosure in Indonesia. Ownership structure features and control mechanism over corporate organs, including (1) the concentration of ownership, (2) institutional ownership, (3) the percentage of tradable shares, (4) the proportion of independent commissioners, and (5) the independence of the audit committee. The determination of samples in this study using purposive sampling method. A total of 74 annual reports of companies analyzed and determined the relative disclosure index. Regression analysis showed that the percentage of tradable shares (public ownership) is the only independent variable that has a positive and significant, while the other independent variables showed no significant effect. This study provides empirical evidence for policy makers and regulators of Indonesia to improve the corporate governance mechanisms and transparency of public companies. These findings also contribute to improving the understanding of disclosure behavior among companies listed in Indonesia Stock Exchange (BEI).