The Influence Of Good Corporate Governance to Financial Report

Abstract

This study is aim to examine and analyze the influence of good corporate
governance to financial report. Using managerial ownership, institusional
ownership, independent commisioner, audit committee and board size company as
good corporate governance’s instrument and cash flow return on asset (CFROA) as
financial report’s performance. Sample of this report was financial report or annual
report from pharmacy company that listed in Indonesia stock exchange during
2011-2016. The result of this studyshows that managerial ownership, institutional
ownership and independent commisioner significanly influence financial
performance it can be seen form the ttest result for each independent variable is
higher than ttabel, which is mean the hypothesis were accepted. Yet audit committee
and board size company are not significanly influence financial performance. It
seen by the ttest result that the value of the ttest is lower than ttable value.
Keyword : good corporate governance, financial performance