Good Corporate Governance on Stock Prices of Companies Listed in the KOMPAS 100 Index 2014-2018
This research aimed to analyze the effect of good corporate governance on stock prices. It was conducted on companies listed on the Indonesia Stock Exchange which were included in the KOMPAS100 Index in 2014-2018 by using a purposive sampling technique. Data analysis used was a panel data regression...
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| Format: | Article |
| Language: | English |
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Prasetiya Mulya Publishing
2021-03-01
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| Series: | International Research Journal of Business Studies |
| Subjects: | |
| Online Access: | http://irjbs.com/index.php/jurnalirjbs/article/view/2159 |
| _version_ | 1818620222517542912 |
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| author | Jiwana Christian Bambang Juanda Bayu Bandono |
| author_facet | Jiwana Christian Bambang Juanda Bayu Bandono |
| author_sort | Jiwana Christian |
| collection | DOAJ |
| description | This research aimed to analyze the effect of good corporate governance on stock prices. It was conducted on companies listed on the Indonesia Stock Exchange which were included in the KOMPAS100 Index in 2014-2018 by using a purposive sampling technique. Data analysis used was a panel data regression method with a fixed-effect model - least square dummy variable. The results of the study show that the number of board of the commissioner meetings, return on assets, earnings per share, and price to book value had significant effects on stock prices in a positive direction; the number of directors, education/training for corporate secretaries, and price to earnings ratio had positive but insignificant effects; the number of independent commissioners and the number of board of the director meetings had negative but insignificant effects on share prices. The novelty in this study was the addition of the variable of company secretary as an indicator of corporate governance, which was not found in previous studies. Besides, this study added a dummy interaction to see the effect of the level of corporate compliance on corporate governance. |
| first_indexed | 2024-12-16T17:49:57Z |
| format | Article |
| id | doaj.art-e3942f19efcc448c85b7369a2f88251f |
| institution | Directory Open Access Journal |
| issn | 2089-6271 2338-4565 |
| language | English |
| last_indexed | 2024-12-16T17:49:57Z |
| publishDate | 2021-03-01 |
| publisher | Prasetiya Mulya Publishing |
| record_format | Article |
| series | International Research Journal of Business Studies |
| spelling | doaj.art-e3942f19efcc448c85b7369a2f88251f2022-12-21T22:22:21ZengPrasetiya Mulya PublishingInternational Research Journal of Business Studies2089-62712338-45652021-03-0113329330610.21632/irjbs.13.3.293-306Good Corporate Governance on Stock Prices of Companies Listed in the KOMPAS 100 Index 2014-2018Jiwana Christian0Bambang Juanda1Bayu Bandono2School of Business, IPB University, Jl. Raya Pajajaran, RT.03/RW.06, Babakan, Kecamatan Bogor Tengah, Kota Bogor, Jawa Barat 16128School of Business, IPB University, Jl. Raya Pajajaran, RT.03/RW.06, Babakan, Kecamatan Bogor Tengah, Kota Bogor, Jawa Barat 16128School of Business, IPB University, Jl. Raya Pajajaran, RT.03/RW.06, Babakan, Kecamatan Bogor Tengah, Kota Bogor, Jawa Barat 16128This research aimed to analyze the effect of good corporate governance on stock prices. It was conducted on companies listed on the Indonesia Stock Exchange which were included in the KOMPAS100 Index in 2014-2018 by using a purposive sampling technique. Data analysis used was a panel data regression method with a fixed-effect model - least square dummy variable. The results of the study show that the number of board of the commissioner meetings, return on assets, earnings per share, and price to book value had significant effects on stock prices in a positive direction; the number of directors, education/training for corporate secretaries, and price to earnings ratio had positive but insignificant effects; the number of independent commissioners and the number of board of the director meetings had negative but insignificant effects on share prices. The novelty in this study was the addition of the variable of company secretary as an indicator of corporate governance, which was not found in previous studies. Besides, this study added a dummy interaction to see the effect of the level of corporate compliance on corporate governance.http://irjbs.com/index.php/jurnalirjbs/article/view/2159good corporate governancestock pricepanel data |
| spellingShingle | Jiwana Christian Bambang Juanda Bayu Bandono Good Corporate Governance on Stock Prices of Companies Listed in the KOMPAS 100 Index 2014-2018 International Research Journal of Business Studies good corporate governance stock price panel data |
| title | Good Corporate Governance on Stock Prices of Companies Listed in the KOMPAS 100 Index 2014-2018 |
| title_full | Good Corporate Governance on Stock Prices of Companies Listed in the KOMPAS 100 Index 2014-2018 |
| title_fullStr | Good Corporate Governance on Stock Prices of Companies Listed in the KOMPAS 100 Index 2014-2018 |
| title_full_unstemmed | Good Corporate Governance on Stock Prices of Companies Listed in the KOMPAS 100 Index 2014-2018 |
| title_short | Good Corporate Governance on Stock Prices of Companies Listed in the KOMPAS 100 Index 2014-2018 |
| title_sort | good corporate governance on stock prices of companies listed in the kompas 100 index 2014 2018 |
| topic | good corporate governance stock price panel data |
| url | http://irjbs.com/index.php/jurnalirjbs/article/view/2159 |
| work_keys_str_mv | AT jiwanachristian goodcorporategovernanceonstockpricesofcompanieslistedinthekompas100index20142018 AT bambangjuanda goodcorporategovernanceonstockpricesofcompanieslistedinthekompas100index20142018 AT bayubandono goodcorporategovernanceonstockpricesofcompanieslistedinthekompas100index20142018 |