PENGARUH MEKANISME GOOD CORPORATE GOVERNANCE TERHADAP KINERJA DAN NILAI PERUSAHAAN

Abstract

This research is aimed to determine the influence of the proportion of independent board of commissioners, audit
committee, managerial ownership, and institutional ownership to the corporate performance which is measured
by using the ROA and firm value is measured by using Tobin's Q.The population is manufacturing companies
which are listed in Indonesia Stock Exchange in 2013-2015 periods. Samples have been selected by using
purposive sampling technique. The numbers of samples are 36 companies of 116 manufacturing companies
which are listed in Indonesia Stock Exchange in 2013-2015 periods. The classic assumption test which consists
of normality test, multicolinearity test, autocorrelation test and heteroscedasticity test is conducted before the
data analysis technique. The analysis method has been done by using multiple linear regressions method.The
result of the research shows that 1) the proportion of the board of independent commissioner gives influence to
the corporate performance (ROA) and firm value. 2) The size of audit committee does not give any influence to
the corporate performance (ROA) and firm value. 3) Managerial ownership gives influence to the corporate
performance (ROA) and firm value. 4) Institutional ownership gives influence to the corporate performance
(ROA) and firm value.
Keywords: Good corporate governance, corporate performance, firm value.