PENGARUH UKURAN PERUSAHAAN, TINGKAT LEVERAGE, KESEMPATAN INVESTASI DAN KONSENTRASI KEPEMILIKAN TERHADAP KUALITAS IMPLEMENTASI GOOD CORPORATE GOVERNANCE (Studi Empiris terhadap Perusahaan Publik non Perbankan yang Terdaftar di Bursa Efek Indonesia Periode 2005-2009)

Abstract

The purpose of this study was to examine the effect of company size, level of leverage, investment opportunities, and the concentration of ownership on the quality of implementation of good corporate governance. This study uses regression analysis to determine whether company size, level of leverage, investment opportunities, and the concentration of ownership has a positive influence to the quality of implementation of good corporate governance. This study used samples of 55 companies, using purposive sampling method with the criteria of public companies, except banks listed on the Indonesia Stock Exchange (IDX) 2005-2009 are included in the application of corporate governance ratings conducted by The Indonesian Institute for Corporate Governance (IICG) in the year 2005 - 2009 a rating score CGPI (Corporate Governance Perception Index) and Indonesian Capital Market Directory (ICMD) 2005-2009. The results of this study indicate that (1) company size has a significant positive effect on the quality of implementation of good corporate governance, (2) addressing the level of leverage is a positive but not significant to the quality of implementation of good corporate governance, (3) investment opportunity has a significant positive effect on the quality implementation of good corporate governance, (4) the concentration of ownership has a significant positive effect on the quality of implementation of good corporate governance.