PENGARUH GOOD CORPORATE GOVERNANCE TERHADAP KINERJA PERUSAHAAN (Studi Empiris Pada Perusahaan Manufaktur Sub Sektor Makanan dan Minuman yang Terdaftar di BEI Periode 2015-1017)

Abstract

ABSTRACT

               The purpose of this study is to analyze and explain how the simultaneous and dominant impact of good corporate governance consists of the Independent Board of Commissioners, the Board of Directors and the Audit Committee on the performance of the company using ROA and Tobins'Q. The GCG application in Indonesia has not been fully applied to the company, because in GCG's general guideline in Indonesia it is a voluntary application and there is no penal sanction if the company does not implement these guidelines. The implementation of the GCG principles in the business world is aimed at improving the performance of the company. In this study, the sample consisted of 15 companies registered with CGPI. The company's performance is measured using ROE and Tobins' Q, and multiple regression is used to test the hypothesis. Good Corporate Governance (GCG) is a system that regulates and controls a company creating Value Added for all Stake Holders "(Monks, 2003), Corporate Governance is defined by IICG (Indonesian Institude of Corporate Governance) as the process and structure applied in running company, aims to increase the value of shareholders in the long term and still pay attention to the interests of other stakeholders. The study community is a company registered on the Indonesian Stock Exchange (BEI) between 2015-1017.

 

Keywords: Good Corporate Governance, Independent Board of Commissioners, Board of Directors, Audit Committee, Company Performance, Return on Assets, Tobins'Q.