Analisis Pengaruh Tata Kelola Perusahaan Terhadap Kinerja Perusahaan yang Terdaftar di Bursa Efek Indonesia Periode 2016-2020
Abstract
Tujuan dilaksanakan penelitian ini adalah untuk menganalisa pengaruh yang ada diantara tata kelola perusahaan terhadap kinerja perusahaan. Dalam penelitian ini, kinerja perusahaan diukur dengan Return on Equity (ROE). Variabel independen yang akan digunakan dalam penelitian ini yaitu ukuran direksi, direktur independen, ukuran komite audit, konsentrasi kepemilikan, dan kepemilikan institusional. Objek penelitian yang digunakan dalam penelitian ini adalah perusahaan yang terdaftar di Bursa Efek Indonesia dengan syarat terdapat laporan tahunan dari tahun 2016 – 2020. Teknik yang digunakan dalam penelitian ini adalah purposive sampling dan metode yang digunakan adalah metode analisis regresi data panel dengan 1899 data. Kesimpulan dari penelitian ini adalah variabel ukuran direksi dan direktur independen berpengaruh secara signifikan positif terhadap kinerja perusahaan. Nilai daro Adjusted R-square yang dihasilkan dalam pengujian adalah 0.594549, yang berarti variabel independen mampu menjelaskan 59.4549% variasi variabel ROE, dan 40,5451% dijelaskan oleh variabel lain yang tidak diteliti.
Keywords:
ROE, Tata Kelola Perusahaan, Kinerja Perusahaan
References
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Al-Matari, E. M., Al-Swidi, A. K., & Fadzil, F. H. B. (2014). Audit committee characteristics and executive committee characteristics and firm performance in Oman: Empirical study. Asian Social Science, 10(12), 98–113. https://doi.org/10.5539/ass.v10n12p98
Alqatamin, R. M. (2018). Audit Committee Effectiveness and Company Performance: Evidence from Jordan. Accounting and Finance Research, 7(2), 48. https://doi.org/10.5430/afr.v7n2p48
Apriliani, M. T., & Dewayanto, T. (2018). Pengaruh tata kelola perusahaan dan ukuran perusahaan terhadap kinerja keuangan perusahaan artikel ilmiah. Diponegoro Journal of Accounting, 7(1), 1–10.
Badu, L. A., & Appiah, K. O. (2017). The Impact of Corporate Board Size on Firm Performance: Evidence from Ghana and Nigeria. Research in Business and Management, 4(2), 1. https://doi.org/10.5296/rbm.v4i2.11721
Candradewi, I., & Sedana, I. (2016). Pengaruh Kepemilikan Manajerial, Kepemilikan Institusional Dan Dewan Komisaris Independen Terhadap Return on Asset. E-Jurnal Manajemen Universitas Udayana, 5(5), 255207.
Ciftci, I., Tatoglu, E., Wood, G., Demirbag, M., & Zaim, S. (2019). Corporate Governance and Firm Performance in Emerging Markets: Evidence from Turkey. International Business Review, 28(1), 90–103. https://doi.org/10.1016/j.ibusrev.2018.08.004
Dakhlallh, M. M., Rashid, N., Wan Abdullah, W. A., & Al Shehab, H. J. (2020). Audit committee and Tobin’s Q as a measure of firm performance among Jordanian companies. Journal of Advanced Research in Dynamical and Control Systems, 12(1), 28–41. https://doi.org/10.5373/JARDCS/V12I1/20201005
Detthamrong, U., Chancharat, N., & Vithessonthi, C. (2017). Corporate governance, capital structure and firm performance: Evidence from Thailand. Research in International Business and Finance, 42(June), 689–709. https://doi.org/10.1016/j.ribaf.2017.07.011
Dibra, R. (2016). Corporate Governance Failure: The Case Of Enron And Parmalat. European Scientific Journal, ESJ, 12(16), 283. https://doi.org/10.19044/esj.2016.v12n16p283
Fransisca Widyati, M. (2013). Pengaruh Dewan Direksi, Komisaris Independen, Komite Audit, Kepemilikan Manajerial dan Kepemilikan Institusional Terhadap Kinerja Keuangan. Jurnal Ilmu Manajemen (JIM), 1(1).
Fuzi, S. F. S., Halim, S. A. A., & Julizaerma, M. K. (2016). Board Independence and Firm Performance. Procedia Economics and Finance, 37(16), 460–465. https://doi.org/10.1016/s2212-5671(16)30152-6
Irshad, R., Hashmi, S. H., Kausar, S., & Nazir, M. I. (2015). Board Effectiveness , Ownership Structure and Corporate Performance : Evidence from Pakistan. Journal of Business Studies Quarterly, 7(2), 46–61.
Johl, S. K., Kaur, S., & Cooper, B. J. (2015). Board Characteristics and Firm Performance: Evidence from Malaysian Public Listed Firms. Journal of Economics, Business and Management, 3(2), 239–243. https://doi.org/10.7763/joebm.2015.v3.187
Kalsie, A., & Shrivastav, S. M. (2016). Analysis of board size and firm performance: Evidence from NSE companies using panel data approach. Indian Journal of Corporate Governance, 9(2), 148–172. https://doi.org/10.1177/0974686216666456
Kutum, I. (2015). Board Characteristics and Firm Performance: Evidence from Palestine. European Journal of Accounting Auditing and Finance Research, 3(3), 32–47.
Liu, Y., Miletkov, M. K., Wei, Z., & Yang, T. (2015). Board independence and firm performance in China. Journal of Corporate Finance, 30, 223–244. https://doi.org/10.1016/j.jcorpfin.2014.12.004
Mbalwa, P. N., Kombo, H., Chepkoech, L., Koech, S., & Shavulimo, P. M. (2014). Effect of Corporate Governance on Performance of Sugar Manufacturing Firms in Kenya: A Case of Sugar Manufacturing Firms in Western Kenya. IOSR Journal of Business and Management, 16(11), 86–112. https://doi.org/10.9790/487x-1611286112
Mohapatra, P. (2016). Board independence and firm performance in India. International Journal of Management Practice, 9(3), 317–332. https://doi.org/10.1504/IJMP.2016.077834
Nadarajan, S., Chandren, S., Bahaudin, A. Y., Elias, E. M., & Nawi, M. N. M. (2015). Corporate governance and operations performance: Inventory study on Malaysian listed firms. International Journal of Supply Chain Management, 4(2), 68–71.
Putra, A. S., & Nuzula, N. F. (2017). Pengaruh Corporate Governance Terhadap Profitabilitas (Studi Pada Perusahaan Perbankan yang Terdaftar di Bursa Efek Indonesia Periode 2013-2015). Jurnal Administrasi Bisnis S1 Universitas Brawijaya, 47(1), 103–112.
Rahman, M. M., Meah, M. R., & Chaudhory, N. U. (2019). The Impact of Audit Characteristics on Firm Performance: An Empirical Study from an Emerging Economy. Journal of Asian Finance, Economics and Business, 6(1), 59–69. https://doi.org/10.13106/jafeb.2019.vol6.no1.59
Reminov, M. M., & Hadiprajitno, P. B. (2015). Pengaruh Mekanisme Tata Kelola Perusahaan Dan Struktur Kepemilikan Terhadap Struktur Modal (Studi Empiris Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Pada Tahun 2011-2013). Diponegoro Journal of Accounting, 4(2), 179–189.
Sheikh, N. A., Wang, Z., & Khan, S. (2013). The Impact of Internal Attributes of Corporate Governance on Firm Performance: Evidence from Pakistan. International Journal of Commerce and Management, 23(1), 38–55. https://doi.org/10.1108/10569211311301420
Suwarti, T., Mindarti, C. S., & Setianingsih, N. (2016). Analisis Pengaruh Komisaris Independen, Konsentrasi Kepemilikan Terhadap Intellectual Capital Disclosure (ICD) Dan Kinerja Perusahaan. Forum Manajemen Indonesia Ke 8, 8(Icd), 1–18.
Uribe-Bohorquez, M. V., Martínez-Ferrero, J., & García-Sánchez, I. M. (2018). Board independence and firm performance: The moderating effect of institutional context. Journal of Business Research, 88(September 2017), 28–43. https://doi.org/10.1016/j.jbusres.2018.03.005
Vaidya, P. N. (2019). Board Size and Firm Performance: a Study on Bse 100 Companies. Journal of Management, 10(3), 117–123. https://doi.org/10.34218/jom.6.3.2019.013
Wang, Y., Abbasi, K., Babajide, B., & Yekini, K. C. (2019). Corporate governance mechanisms and firm performance: evidence from the emerging market following the revised CG code. Corporate Governance (Bingley), 20(1), 158–174. https://doi.org/10.1108/CG-07-2018-0244
Yasser, Q. R., & Mamun, A. Al. (2015). Effects of ownership concentration on firm performance: Pakistani evidence. Journal of Asia Business Studies, 9(2), 162–176. https://doi.org/10.1108/JABS-07-2014-0047
Zabri, S. M., Ahmad, K., & Wah, K. K. (2016). Corporate Governance Practices and Firm Performance: Evidence from Top 100 Public Listed Companies in Malaysia. Procedia Economics and Finance, 35(October 2015), 287–296. https://doi.org/10.1016/s2212-5671(16)00036-8
Published
2022-01-03
How to Cite
Edi, E., & Felicia, F. (2022). Analisis Pengaruh Tata Kelola Perusahaan Terhadap Kinerja Perusahaan yang Terdaftar di Bursa Efek Indonesia Periode 2016-2020. Jesya, 5(1), 613-624. https://doi.org/https://doi.org/10.36778/jesya.v5i1.597
Section
Articles
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