PENGARUH CORPORATE GOVERNANCE TERHADAP PROFITABILITAS PERUSAHAAN

  • Nungky Wanodyatama Islami Sekolah Tinggi Ilmu Ekonomi Asia
Keywords: corporate profitability, corporate governance, board size, proportion of independent board of commissioners, board of commissioners and audit committe

Abstract

This study aims to analyze the effect of corporate governance as measured by the variables of the board of commissioners, the proportion of independent members of the board of commissioners, the number of board of commissioners and audit committee meeting on the profitability of the company as measured by return on equity (ROE). The population used in this study is a manufacturing company listed on the Indonesia Stock Exchange during 2013-2016. Sampling technique used in this research is purposive sampling method and obtained 48 samples. This study uses secondary data from annual reports obtained from Indonesia Stock Exchange (BEI) in the period 2013-2016. The method of analysis used to analyze data is multiple regression. Based on the results of hypothesis testing in this study, it is evident that (1) the size of the board of commissioners has a positive effect on the profitability of the company. (2) the proportion of independent members of the board of commissioners positively affects the profitability of the company. (3) the board of commissioners meeting positively affect the profitability of the company. (4) audit committee negatively affect the profitability of the company. 

References

1.Ahmed, A. S., & Duellman, S. (2007). Accounting Conservatism and Board of Director Characteristics : An Empirical Analysis. Journal of Accounting and Economics, Vol. 43 , 411-437
2.Anggraeni dan Hadiprajitno.2013. Pengaruh Struktur Kepemilkan Manajerial, Ukuran Perusahaan ,dan Praktik Corporate Governance Terhadap Manajemen Laba. Jurusan Akuntansi Fakultas Ekonomika dan Bisnis Universitas Diponegoro Volume 2, Nomor 3, Tahun 2013, Halaman 1-13
3.Bradbury, M. E., Mak, Y. T., and Tan, S. M. 2004. “Board Characteristics, Audit Committee Characteristics and Abnormal Accruals”, Working Paper, Unitec New Zealand and National University of Singapore
4.Conger, J, Finegold, D and Lawler III, E (1998): “Appraising Boardroom Performance”, Harvard Business Review, 76, 136-148
5.Fauzi, Fitriya and Locke, Stuart. 2012. “Board Stucture, Ownership Structurw and Firm Performance: A Study of New Zealand Listed-Firms”. Asian Academy of Management Journal of Accounting and Finance. Vol. 8, pp. 43-67
6.FCGI, 2002. The Essence of Good Corporate Governance, Konsep dan Implementasi Perusahaan Publik dan Korporasi Indonesia, FCGI.
7.Gitman, Lawrence J, and Zutter, Chad J., 2012. Principles Of Managerial Finance. 13th Edition. Edinburgh : Pearson
8.Hadiprajitno, Pulus Basuki. 2013. Struktur Kepemilikan, Mekanisme Tata Kelola Perusahaan, dan Biaya Keagenan di Indonesia. Jurnal Akuntansi dan Auditing, 9 (2): 97-127
9.Javeed, Awais. 2015. “An Empirical Examination of the Impact of Corporate Governance Measures and Capital Structure on Firm Profitability in Pakistan”. Research Journal of Finance and Accounting. Vol. 6, pp. 9-16
10.Jensen, M. C. and Meckling, W.H. 1976. “Theory of The Firm: Managerial Behavior, Agency Cost, and Ownership Structure”. Journal of Financial Economics. Vol. 3, No. 40, pp. 305-360
11.Komite Nasional Kebijakan Governance (KNKG). 2006. Pedoman Umum Good Corporate Governance Indonesia. Jakarta
12.Lai, L.H. 2005. “Are Independent Directors Effective in Lowering Earnings Management in China.” A Dissertation. Texas A &M University. pp. 1-85
13.Lin, J.W., Li, J.F. and Yang, S.Y. 2006. “The Effect of Audit Committee Performance on Earnings Quality. “ Managerial Auditing Journal, 21 (9):921933.
14.Noviawan, R. A. Dan Septiani Aditya. 2013. “Pengaruh Mekanisme Corporate Governance dan Struktur Kepemilikan terhadap Kinerja Keuangan”. Diponegoro Journal of Accounting. vol.2, hal.1
15.Siallagan, Hamonangan dan Mas’ud Machfoedz, 2006. Mekanisme Corporate Governance, Kualitas Laba Dan Nilai Perusahaan. Disampaikan dalam Simposium Nasional Akuntansi IX di Padang, 23-26 Agustus 2006.
16.Suad Husnan.2001, Dasar-dasar Teori Portofolio dan Analisis Sekuritas .Yogyakarta. Penerbit: UPP AMP YKPN.
17.Sylvia Veronica N.P. Siregar dan Siddharta Utama. 2005. Pengaruh Struktur Kepemilikan, Ukuran Perusahaan, dan Praktek Corporate Governance Terhadap Pengelolaan Laba (Earnings Management) Simposium Nasional Akuntansi VIII, IAI.
18.Ukaegbu, Ben. Oino, Isaiah. Dada, F. B. 2014. “The Impacts of Ownership Structure on Capital Structure and Firm’s Performance in Nigeria”. Research Journal of Finance and Accounting. Vol. 5, pp.82-89
19.Veronica, S. & Bachtiar, Y.S. 2004. Good Corporate Governance Information Asymetry and Earnings Management. Makalah SNA VII.
20.Wardoyo dan Veronica, T. R. 2013. Pengaruh Good Corporate Governace, Corporate Social Responsibility & Kinerja Keuangan Terhadap Nilai Perusahaan. Jurnal Dinamika Manajemen.Vol. 4, No 2, pp.132-149
Wijayanti, Lulud. 2014. Pengaruh Kontrol Keluarga dan Komisaris Independen terhadap Kebijakan Dividen dan Struktur Modal pada Perusahaan yang Terdaftar di Bursa Efek Indonesia. Jurnal Ekonomi dan Bisnis : 81-89.
Published
2018-02-01
How to Cite
Islami, N. (2018). PENGARUH CORPORATE GOVERNANCE TERHADAP PROFITABILITAS PERUSAHAAN. Jurnal Ilmiah Bisnis Dan Ekonomi Asia, 12(1), 54-58. https://doi.org/10.32812/jibeka.v12i1.15