Hubungan antara Corporate Governance dan Variabel Pengurang Masalah Agensi
The main objective of this research is to investigate whether there are a significant relationship be¬tween corporate governance and agency-problem-reducing variables. The corporate governance is concern on all stakeholders’ interest while the agency variables are concern on one of the most importan...
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| Format: | Article |
| Language: | English |
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Universitas Islam Indonesia
2009-08-01
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| Series: | Jurnal Siasat Bisnis |
| Online Access: | https://hmts.civil.uii.ac.id/JSB/article/view/992 |
| _version_ | 1828439144256241664 |
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| author | Zaenal Arifin |
| author_facet | Zaenal Arifin |
| author_sort | Zaenal Arifin |
| collection | DOAJ |
| description | The main objective of this research is to investigate whether there are a significant relationship be¬tween corporate governance and agency-problem-reducing variables. The corporate governance is concern on all stakeholders’ interest while the agency variables are concern on one of the most important stakeholders’ that is the stockholders-interest. Theoretically, there should be a significant relationship between the corporate govern¬ance and the agency-problem-reducing variables. Using 52 Indonesian listed companies in 2001 that had been investigated by Indonesian Institute for Corporate Governance (IICG) for the companies’ practice of corporate governance and presented on SWA Magazine, this research found that no relationship between the corporate governance and the agency-problem-reducing variables. There are some possible explanations for this finding. First, reducing agency problems does not perceived (by investor) affecting the companies’ practice of corporate governance. Second, the bonding mechanisms to reduce the free cash flows by increasing the dividend payment or increasing the debt and monitoring by the independent board of directors are not an effective mechanism to re¬duce agency problems. So these mechanisms do not correlate to the companies’ practice of corporate govern¬ance. Third, the score of corporate governance released by IICG are not valid. Further investigations are needed to find the true explanation.
Key words: Corporate Governance, Masalah Agensi
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| first_indexed | 2024-12-10T20:17:51Z |
| format | Article |
| id | doaj.art-cfad81f1b0ce40d2aaf22860cb7bebb5 |
| institution | Directory Open Access Journal |
| issn | 0853-7666 2528-7001 |
| language | English |
| last_indexed | 2024-12-10T20:17:51Z |
| publishDate | 2009-08-01 |
| publisher | Universitas Islam Indonesia |
| record_format | Article |
| series | Jurnal Siasat Bisnis |
| spelling | doaj.art-cfad81f1b0ce40d2aaf22860cb7bebb52022-12-22T01:35:08ZengUniversitas Islam IndonesiaJurnal Siasat Bisnis0853-76662528-70012009-08-01110Hubungan antara Corporate Governance dan Variabel Pengurang Masalah AgensiZaenal ArifinThe main objective of this research is to investigate whether there are a significant relationship be¬tween corporate governance and agency-problem-reducing variables. The corporate governance is concern on all stakeholders’ interest while the agency variables are concern on one of the most important stakeholders’ that is the stockholders-interest. Theoretically, there should be a significant relationship between the corporate govern¬ance and the agency-problem-reducing variables. Using 52 Indonesian listed companies in 2001 that had been investigated by Indonesian Institute for Corporate Governance (IICG) for the companies’ practice of corporate governance and presented on SWA Magazine, this research found that no relationship between the corporate governance and the agency-problem-reducing variables. There are some possible explanations for this finding. First, reducing agency problems does not perceived (by investor) affecting the companies’ practice of corporate governance. Second, the bonding mechanisms to reduce the free cash flows by increasing the dividend payment or increasing the debt and monitoring by the independent board of directors are not an effective mechanism to re¬duce agency problems. So these mechanisms do not correlate to the companies’ practice of corporate govern¬ance. Third, the score of corporate governance released by IICG are not valid. Further investigations are needed to find the true explanation. Key words: Corporate Governance, Masalah Agensi https://hmts.civil.uii.ac.id/JSB/article/view/992 |
| spellingShingle | Zaenal Arifin Hubungan antara Corporate Governance dan Variabel Pengurang Masalah Agensi Jurnal Siasat Bisnis |
| title | Hubungan antara Corporate Governance dan Variabel Pengurang Masalah Agensi |
| title_full | Hubungan antara Corporate Governance dan Variabel Pengurang Masalah Agensi |
| title_fullStr | Hubungan antara Corporate Governance dan Variabel Pengurang Masalah Agensi |
| title_full_unstemmed | Hubungan antara Corporate Governance dan Variabel Pengurang Masalah Agensi |
| title_short | Hubungan antara Corporate Governance dan Variabel Pengurang Masalah Agensi |
| title_sort | hubungan antara corporate governance dan variabel pengurang masalah agensi |
| url | https://hmts.civil.uii.ac.id/JSB/article/view/992 |
| work_keys_str_mv | AT zaenalarifin hubunganantaracorporategovernancedanvariabelpengurangmasalahagensi |