PENGARUH GOOD CORPORATE GOVERNANCE, INTELLECTUAL CAPITAL DAN LEVERAGE TERHADAP KINERJA KEUANGAN

Abstract

This research aimed to examine the effect of Good Corporate Governance, Intellectual Capital, and Leverage on companies’ financial performance. While Good Coporate Governance was measured by institusional ownership, managerial ownership, independent commissioner board, and audit committee. Meanwhile, leverage was measured by Debt Equity to Ratio. The research was quantitative. Moreover, the data collection technique used purposive sampling, in which the sample was based on criteria given by the researcher. In line with that, there were 60 samples from 20 consumption manufacturing companies which were listed on Indonesian Stock Exchange during 2018-2020. Futhermore, the data analysis technique used multiple linier regression with SPSS 26. In addition, the research result concluded that institutional ownership, managerial ownership, and intellectual capital had a positive effect on Return On Asset. On the other hand, Debt to Equity Ratio had a negative effect on Return On Asset. In contrast, both the Independent commissioner board and audit committee did not affect Return On Asset.
Keywords: good corporate governance, intellectual capital, leverage, financial performance