Pengaruh Penerapan Good Corporate Governance terhadap Return On Equity Perusahaan

  • Sri Martini dian Handayani Program Studi Manajemen Fakultas Ekonomi Bisnis dan Pariwisata Universitas Hindu Indonesia
  • Made Dian Agustina Program Studi Manajemen Fakultas Ekonomi Bisnis dan Pariwisata Universitas Hindu Indonesia
Keywords: ownership structure, board of commisioners, board of directors, audit committee, return on equity

Abstract

One of the important objectives of a company’s establishment is to improve owner’s or stakeholder’s welfare. The purpose of this study was to examine the influence of good corporate governance implementation measured by managerial and institutoinal ownerships, size of board commissioners and directors, and audit committee to company’s profitability as measured by return on equity (ROE) partially and simultaneously. The population used in this study was infrastructure, utility and transportation companies listed at Indonesia Stock Exchange (IDX) period 2015-2019. By using purposive sampling method, 75 samples were determined. The data analysis technique used was multiple linear regression. Based on the analysis, partially it is found that managerial ownership has a negative significant effect on ROE, institutional ownership has a negative significant effect on ROE, the size of board commisioners have a positive insignificant on ROE, the size of board directors have a positive significant on ROE, while size of audit committee has a negative insignificant effect on ROE. The F test shows that the five independent variables affect on ROE simultaneously.

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Published
2022-11-01
How to Cite
Handayani, S., & Agustina, M. (2022). Pengaruh Penerapan Good Corporate Governance terhadap Return On Equity Perusahaan. WidyaAmrita: Jurnal Manajemen, Kewirausahaan Dan Pariwisata, 2(4), 1217-1230. https://doi.org/10.32795/widyaamrita.v2i4.1963