ANALISIS PENGARUH MEKANISME CORPORATE GOVERNANCE TERHADAP PROFITABILITAS PERUSAHAAN (Studi Empiris Pada Perusahaan Go public Non Keuangan Di Negara ASEAN-5 Tahun 2015-2017)

Abstract

The aims of this Research was to analyze the influence of corporate governance mechanism to firm profitability that measured by Return On Asset (ROA). Corporate governance mechanism used in this study were board size, board independence, female directorship, board structure, blockholders ownership and foreign ownership. This research also used dividend payout ratio and firm age as control variable. The number of sample in this research was 69 non-financial public companies listed on ASEAN-5 countries for the period 2015-2017. The sampling method used in this study was purposive sampling method. The data used in this study were obtained from bloomberg’s database and company’s annual report. The analysis technique used in this study is Ordinary Least Square Regression (OLS), statistical F-test, statistical t-test and classic assumption test that includes normality test, multicollinearity test, heteroscedasticity test and autucorrelation test. The results of this study indicate that board size, board independence, and foreign ownership had significant negative effect on firm profitability that measured by ROA. Female Directorship has significant positive effect on profitability while blockholders ownership and board structure has not significant positive effect on firm profitability. Dividend payout ratio as control variable in this research can control the influence of board size, board independence, female directorship, board structure, blockholders ownership, and foreign ownership with firm profitability.