PENGARUH GOOD CORPORATE GOVERNANCE TERHADAP KINERJA PERUSAHAAN PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2017-2019

THE EFFECT OF GOOD CORPORATE GOVERNANCE ON COMPANY PERFORMANCE IN MANUFACTURING COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE IN YEAR 2017-2019

ABSTRAK

Penelitian bertujuan menguji pengaruh good corporate governance terhadap kinerja perusahaan pada perusahaan manufaktur yang tersebar di Indonesia. Pengukuran Indikator good corporate governance yaitu dewan komisaris independen, dewan direksi, kepemilikan manajerial, kepemilikan institusional, dan kepemilikan asing. Pengukuran kinerja perusahaan menggunakan rasio Tobin’s Q. Populasi yang digunakan dari seluruh perusahaan manufaktur di Indonesia yang terdaftar di BEI pada tahun 2017-2019 jumlahnya 53 perusahaan. Teknik sampling yang digunakan yaitu metode purposive sampling. Teknik analisis yang digunakan yaitu analisis regresi linier berganda. Hasil dari penelitian menunjukkan dewan direksi, kepemilikan manajerial dan kepemilikan asing tidak berpengaruh terhadap kinerja perusahaan, sedangkan dewan komisaris independen dan kepemilikan institusional berpengaruh terhadap kinerja perusahaan.

Kata Kunci: Dewan Komisaris Independen;Dewan Direksi;Kepemilikan Manajerial;Kepemilikan Institusional; Kepemilikan Asing;Kinerja Perusahaan;

ABSTRACT

This study aims to examine the effect of good corporate governance on company performance in manufacturing companies spread across Indonesia. Measurement of good corporate governance indicators, independent board of commissioners, board of directors, managerial ownership, institutional ownership, and foreign ownership. The measurement of company performance uses the Tobin's Q ratio. The population used of all manufacturing companies in Indonesia listed on the IDX in 2017-2019 is 53 companies. The sampling technique used is purposive sampling method. The analysis technique used is multiple linear regression analysis. The results of the study show that the board of directors, managerial ownership and foreign ownership have no effect on the company's performance, while the independent board of commissioners and institutional ownership affect the company's performance.

Keywords: Independent Board of Commissioners;Board of Directors;Managerial Ownership;Institutional Ownership;and Foreign Ownership;and Company Performance;