ANALISA PENGARUH KELENGKAPAN STRUKTUR GOOD CORPORATE GOVERNANCE PADA SEKTOR PERBANKAN DI INDONESIA TERHADAP KINERJA KEUANGAN

SITINJAK, WIWIN (2007) ANALISA PENGARUH KELENGKAPAN STRUKTUR GOOD CORPORATE GOVERNANCE PADA SEKTOR PERBANKAN DI INDONESIA TERHADAP KINERJA KEUANGAN. S2 thesis, Universitas Mercu Buana Jakarta-Menteng.

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Abstract

This study examines the relationship between corporate governance and corporate performance. We create a corporate governance score, GCG Score, based on Bank Indonesia’s regulation PBI No. 8/4/2006 regarding the GCG implementation in banking industry. GCG Score is a composite measure of 35 factors encompassing eight corporate governance categories: commissioners, audit committee, risk monitoring committee, nomination & remuneration committee, board of directors, audit intern division, risk management division and compliance division. We also use assets composition, opportunity for growth and size of the bank as the controlled variable. We employ a regression analysis to test the hypothesis that corporate governance and corporate performance are positively related. Corporate performance was represented by operating performance and share performance. Operating performance consists of Return on Equity (ROE) and Revenue Growth. Meanwhile, the share performance consists of Tobins’q and Share’s Return. The analysis shows that, simultaneously, GCG Score and controlled variable do not have any significant relationship with ROE, Tobins’q, and Share’s return, but there is a significant positive relationship between GCG Score and Revenue Growth. Meanwhile, the partial analysis result shows that the GCG Score have significant relationship with the Share’s Return. It means that corporate governance implementation affects the operational performance, but market does not respond the implementation of corporate governance immediately. Penelitian ini melakukan pengujian terhadap hubungan antara corporate governance dan kinerja perusahaan. Penulis menyusun skor corporate governance berdasarkan Peraturan Bank Indonesia PBI No. 8/4/2006 tentang implementasi GCG pada Bank Umum. Skor GCG merupakan nilai gabungan dari 35 faktor yang tercakup dalam delapan kategori implementasi GCG yaitu: komisaris, komite audit, komite pemantau risiko, komite nominasi & remunerasi, dewan direksi, divisi internal audit, divisi manajemen risiko dan divisi kepatuhan. Penulis juga menggunakan variabel control yang terdiri dari komposisi aktiva, kesempatan untuk tumbuh dan ukuran perusahaan. Penelitian ini menggunakan analisa regresi untuk menguji hipotesis bahwa ada hubungan positif antara corporate governance dan kinerja perusahaan. Kinerja perusahaan diwakili oleh kinerja opersional dan kinerja saham. Kinerja opersional terdiri dari Return on Equity (ROE) dan Revenue Growth. Sedangkan kinerja saham diwakili oleh Tobins’q dan Return Saham. Analisa regresi menunjukkan bahwa secara simultan, Skor GCG dan variabel kontrol tidak memiliki hubungan yang signifikan dengan ROE, Tobins’q dan Return Saham, tetapi ada hubungan yang positif dan signifikan dengan Revenue Growth. Sementara itu, hasil analisa parsial menunjukkan bahwa Skor GCG berpengaruh terhadap Return Saham. Hal ini menunjukkan bahwa implementasi corporate governance mempengaruhi kinerja operasional, tetapi pasar tidak meresponsnya secara langsung/cepat.

Item Type: Thesis (S2)
Call Number CD: CDT-551-07-007
NIM/NIDN Creators: 5510412-108
Additional Information: TIDAK ADA LEMBAR PENGESAHAN
Uncontrolled Keywords: kinerja perusahaan, mku, manajemen keuangan
Subjects: 600 Technology/Teknologi > 650 Management, Public Relations, Business and Auxiliary Service/Manajemen, Hubungan Masyarakat, Bisnis dan Ilmu yang Berkaitan > 658 General Management/Manajemen Umum
Divisions: Pascasarjana > Magister Manajemen
Depositing User: ORYZA LUVITA
Date Deposited: 11 Jun 2022 07:39
Last Modified: 26 Jan 2023 03:14
URI: http://repository.mercubuana.ac.id/id/eprint/63172

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