PENGARUH PENERAPAN GOOD CORPORATE GOVERNANCE TERHADAP KINERJA KEUANGAN DAN RETURN SAHAM PERUSAHAAN (STUDI PADA BUMN YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2009 - 2012)

The purpose of this research is to analyze the impact of implementing Good Corporate Governance towards state-owned enterprises� financial performance and stock return which are listed in Indonesia Stock Exchange (IDX) year 2009 � 2012. The independent variable in this research is the size of th...

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Bibliographic Details
Main Authors: , SITI NADHIRA YASMINE, , Wiwin Rahmanti, S.E., M. Com.
Format: Thesis
Published: [Yogyakarta] : Universitas Gadjah Mada 2013
Subjects:
ETD
Description
Summary:The purpose of this research is to analyze the impact of implementing Good Corporate Governance towards state-owned enterprises� financial performance and stock return which are listed in Indonesia Stock Exchange (IDX) year 2009 � 2012. The independent variable in this research is the size of the Board of Directors, the amount of meetings of Board of Directors, the independency of Board of Commissioners, the competency of Audit Committee, and the public shareholding. The dependent variabel in this research is Return on Equity, Current Ratio, Total Assets Turn Over, Debt Ratio, dan Stock Return. The sampel used in this research is as many as 11 companies which consists of non financial stateowned enterprises that are listed in IDX period 2009-2012. The analysis data method uses multiple linear regression method. The data processed showed that there is a relationship between implementing Good Corporate Governance and the company�s financial performance and stock return. Return on Equity is positively affected by public shareholding and negatively affected by the amount of meetings of Board of Directors. Current Ratio is positively affected by the competency of Audit Committee. Total Assets Turn Over is positively affected by the independency of Board of Commissioners and negatively affected by public shareholding. Debt Ratio is negatively affected by the size of the Board of Directors and positively affected by the amount of meetings of Board of Directors and public shareholding. Stock Return is positively affected by the amount of meetings of Board of Directors and the independency of Board of Commissioners.