Penelitian ini bertujuan untuk mengetahui pengaruh praktik Corporate Governance pada perusahaan manufaktur dengan kepemilikan saham terkonsentrasi yang terdaftar di Bursa Efek Indonesia. Variabel independen yang digunakan adalah membangun indeks Corporate Governance penelitian sebelumnya. Variabel dependennya adalah besaran transaksi pihak berelasi (RPT) dan kinerja keuangan perusahaan (ROA). Jenis penelitian ini adalah kuantitatif dengan menggunakan data sekunder berupa laporan tahunan. Data penelitian dianalisis dengan menggunakan Multivariate Analysis of Variance (MANOVA). Sampel yang digunakan adalah perusahaan manufaktur tahun 2012 – 2016. Pengambilan sampel menggunakan purposive sampling, sehingga didapatkan sebanyak 52 perusahaan selama periode pengamatan.

        Hasil menunjukkan bahwa praktik Corporate Governance tidak berpengaruh terhadap besaran transaksi pihak berelasi dan praktik Corporate Governance berpengaruh positif dan lemah terhadap kinerja keuangan perusahaan dengan kepemilikan saham terkonsentrasi.

Kata Kunci: Corporate Governance, transaksi pihak berelasi, kinerja keuangan

            This study aims to determine the effect of corporate governance practices on manufacturing companies with concentrated share ownership listed on the Indonesia Stock Exchange. The independent variable used is to build an index of Corporate Governance previous research. The dependent variable is the amount of related party transactions (RPT) and company financial performance (ROA). This type of research is quantitative by using secondary data in the form of annual reports. The research data were analyzed using Multivariate Analysis of Variance (MANOVA). The sample used was a manufacturing company in 2012 - 2016. Sampling used purposive sampling, so as to obtain as many as 52 companies during the observation period.    

            The results show that the practice of Corporate Governance does not affect the magnitude of related party transactions and the practice of Corporate Governance has a positive and weak effect on the financial performance of companies with concentrated share ownership.

Keywords: Corporate Governance, related party transactions, financial performance