PENGARUH CORPORATE GOVERNANCE TERHADAP KINERJA PERUSAHAAN DI INDONESIA (Studi Empiris pada Perusahaan Manufaktur periode 2012-2015)

Abstract

This research aims to examine the impact corporate governance on firm performance of manufacturing sector in Indonesia. Board size, board independence, frequency of board meetings, the independence of committee audit, and institutional ownership as independent variable for corporate governance. Firm performance as dependent variable is measured by ROA, ROE, NPM, Tobin’s Q value. This research uses leverage, age, and size as a control variable. The population in this research are all manufacturing companies listed in Indonesia Stock Exchange during the period 2012-2015. The sampling method in this research is purposive sampling with certain criteria. After going through the sampling and processing data obtained final sample decent observed that 230 companies. The analysis technique in this study using multiple regression analysis. The result of this study showed that board size, the independence of audit committee, also institutional ownership has positively significant to the firm performance, while frequency of board meetings have negatively significant effect to the firm performance, and board independence has not affected on the firm performance.