PENGARUH GOOD CORPORATE GOVERNANCE TERHADAP KINERJA KEUANGAN PADA PERUSAHAAN MANUFAKTUR INDUSTRI DASAR DAN KIMA DI BEI PERIODE 2013 – 2015

Abstract

This study aims to determine the effect of Good Corporate Governance on
financial performance at basic and chemical industry manufacturing companies.
Independent Variables Good Corporate Governance in this research is independent
board of commissioner, board of directors, audit committee, managerial ownership,
and institutional ownership. The population in this study are all basic and chemical
manufacturing companies listed on the Indonesia Stock Exchange (IDX) and
continuously publish financial statements in 2013-2015. Based on purposive
sampling method, samples obtained are 52 companies foreach yearin the period
2013-2015, so obtain 156 observations data. As for the criteria of financial
performance in this study was measured by using Cash Flow Return on Assest
(CFROA), whilst statistic analysis that used in this study was multiple linear
regression with program Statistical Package for Social Science (SPSS) version 16.
The result of this research showed that the variable of Good Corporate Governance
that is independent board and board of directors have positive influence to financial
performance in basic and chemical manufacturing company, while the variable of
Good Corporate Governance that is audit committee, managerial ownership, and
institutional ownership have negative effect to financial performance at company
Manufacturing basic industries and chemicals.
Keywords: Good Corporate Governance, financial performance, CFRO
PENDAHULUAN