Corporate Governance and Firm Performance: Empirical Evidence From Indonesia Stock Exchange (Kompas 100 Index)
Keywords:
board directors, independent directors, audit committee, firm performance
Abstract
The purpose of this study is to determine how the impact of corporate governance practices on the performance of companies that have go public in IDX, especially in the KOMPAS 100 index company. The proxies used in this study are boards directors, independent directors, and audit committee. While company performance is measured by ROA. This study uses annual report documents and financial reports from KOMPAS 100 index companies, starting from the period 2019 to 2023. The data analysis method used is multiple regression analysis.
References
Aboagye, A. Q., & Otieku, J. (2010). Are Ghanaian MFIs’ performance associated with corporate governance? Corporate Governance, 10(3), 307–320. https://doi.org/10.1108/14720701011051938
Adestian, Y. (2017). Pengaruh Dewan Komisaris, Dewan Direksi, Dewan Komisaris Independen, Komite Audit dan Ukuran Perusahaan Pada Kinerja Perusahaan Perbankan Yang Listing di Bei Pada Tahun 2012-2014. Fakultas Ekonomi Universitas Dian Nuswantoro, 1–13.
Agatha, B. R., Nurlaela, S., & Samrotun, Y. C. (2020). Kepemilikan Manajerial, Institusional, Dewan Komisaris Independen, Komite Audit dan Kinerja Keuangan Perusahaan Food and Beverage. E-Jurnal Akuntansi, 30(7), 1811. https://doi.org/10.24843/eja.2020.v30.i07.p15
Agoes, S., & Ardana, C. (2014). Etika Bisnis dan Profesi [Business and Professional Ethics]. Salemba Empat.
Al-ahdal, W. M., Alsamhi, M. H., Tabash, M. I., & Farhan, N. H. S. (2020). The impact of corporate governance on financial performance of Indian and GCC listed firms: An empirical investigation. Research in International Business and Finance, 51(August 2019), 101083. https://doi.org/10.1016/j.ribaf.2019.101083
Al Farooque, O., Buachoom, W., & Sun, L. (2020). Board, audit committee, ownership and financial performance – emerging trends from Thailand. Pacific Accounting Review, 32(1), 54–81. https://doi.org/10.1108/PAR-10-2018-0079
Alzeban, A. (2015). Influence of audit committees on internal audit conformance with internal audit standards. Managerial Auditing Journal, 30(6/7), 539–559.
Appiah, K. O., & Amon, C. (2017). Board audit committee and corporate insolvency. Journal of Applied Accounting Research, 18(3), 298–316. https://doi.org/10.1108/jaar.2008.37509aaa.001
Black, B., & Kim, W. (2012). The effect of board structure on firm value: A multiple identification strategies approach using Korean data. Journal of Financial Economics, 104(1), 203–226. https://doi.org/10.1016/j.jfineco.2011.08.001
Black, B. S., & Khanna, V. S. (2007). Can Corporate Governance Reforms Increase Firm Market Values? Event Study Evidence from India. Journal of Empirical Legal Studies, 4(4), 749–796. https://doi.org/10.1111/j.1740-1461.2007.00106.x
Borlea, S. N., Achim, M. V., & Mare, C. (2017). Board characteristics and firm performances in emerging economies. Lessons from Romania. Economic Research-Ekonomska Istrazivanja , 30(1), 55–75. https://doi.org/10.1080/1331677X.2017.1291359
Dahya, J., & McConnell, J. J. (2007). Board composition, corporate performance, and the Cadbury committee recommendation. Journal of Financial and Quantitative Analysis, 42(3), 535–564. https://doi.org/10.1017/s0022109000004099
Dalton, D. R., Daily, C. M., Johnson, J. L., & Ellstrand, A. E. (1999). Number of directors and financial performance: A meta-analysis. Academy of Management Journal, 6(42), 674–686.
Dawood, M., Rehman, S. ur, Majeed, U., & Idress, S. (2023). Contribution the Effect of Corporate Governance on Firm Performance in Pakistan. Review of Education, Administration & Law, 6(1), 51–62. https://doi.org/10.47067/real.v6i1.304
Gaur, S. S., Bathula, H., & Singh, D. (2015). Ownership Concentration, Board Characteristics and Firm Performance. Management Decision, 53(5), 911–931.
Ghozali, I., & Ratmono, D. (2013). Analisis Multivariat Dan Ekonometrika: Teori, Konsep, dan Aplikasi dengan Eviews 8. Badan Penerbit Universitas Diponegoro.
Guest, P. M. (2009). Guest(2009)-The impact of board size on FP-UK-Q1.pdf. June 2013, 37–41.
Gujarati, D. N., & Porter, D. C. (2009). Basic Econometrics (Fifth Edit). Mcgraw-Hill.
Gull, A. A., Akram, T., Bilal, M., & Muzaffar, Z. (2013). Do board independence carry value? A case study of Pakistani banks. Research Journal of Management Sciences, 2(5), 1–5.
Harjoto, M., Laksmana, I., & Lee, R. (2015). Board Diversity and Corporate Social Responsibility. Journal of Business Ethics, 132(4), 641–660. https://doi.org/10.1007/s10551-014-2343-0
Herman Darwis. (2009). Corporate Governance Terhadap Kinerja Perusahaan. Jurnal Keuangan Dan Perbankan, 13(3), 1–13.
Hermiyetti, & Katlanis, E. (2017). Analisis Pengaruh Kepemilikan Manajerial, Kepemilikan Institusional, Kepemilikan Asing, Dan Komite Audit Tehadap Kinerja Keuangan Perusahaan. Media Riset Akuntansi, 25–43.
Hillman, A. J., & Dalziel, T. (2003). Boards of directors and firm performance: Integrating agency and resource dependence perspectives. Academy of Management Review, 28(3), 383–396. https://doi.org/10.5465/AMR.2003.10196729
Humas. (2021). Airlangga: Penguatan Tata Kelola Pemerintahan dan Korporasi Dorong Pemulihan Perekonomian Nasional. Setkab.Go.Id. https://setkab.go.id/airlangga-penguatan-tata-kelola-pemerintahan-dan-korporasi-dorong-pemulihan-perekonomian-nasional/
Isidro, H., & Sobral, M. (2015). The Effects of Women on Corporate Boards on Firm Value, Financial Performance, and Ethical and Social Compliance. Journal of Business Ethics, 132(1), 1–19. https://doi.org/10.1007/s10551-014-2302-9
JENSEN, M. C., & MECKLING, W. H. (2000). THEORY OF THE FIRM : MANAGERIAL BEHAVIOR, AGENCY COSTS AND OWNERSHIP STRUCTURE. Taylor & Francis.
Kabir, R., & Thai, H. M. (2017). Does corporate governance shape the relationship between corporate social responsibility and financial performance? Pacific Accounting Review, 29(2), 227–258. https://doi.org/10.1108/par-10-2016-0091
Kiel, G. C., & Nicholson, G. J. (2003). Board Composition and Corporate Performance: how the Australian experience informs contrasting theories of corporate fovernance. Corporate Governance : An International Review, 11(2), 189–205.
Liu, Y., Miletkov, M. K., Wei, Z., & Yang, T. (2015). Board independence and firm performance in China. Journal of Corporate Finance, 30, 223–244. https://doi.org/10.1016/j.jcorpfin.2014.12.004
Mulyadi, A., Titisari, K. H., & Nurlaela, S. (2019). THE EFFECT OF GOOD CORPORATE GOVERNANCE AND CAPITAL STRUCTURE ON FINANCIAL PERFORMANCE EMPIRIS STUDY ON CONSUMPTION INDUSTRIAL COMPANY YEAR PERIOD (2015-2017). JURNAL WIDYA GANECWARA, 28(2).
Mulyasari, F., Djaelani, A. Q., & Salim, M. A. (2017). Pengaruh Mekanisme Good Corporate Governance terhadap Kinerja Keuangan Perusahaan (Studi pada Perusahaan Food and Beverages yang Terdaftar di Bursa Efek Indonesia Periode 2013-2015). E-Jurnal Riset Manajemen, 6(4), 139–153. http://riset.unisma.ac.id/index.php/jrm/article/view/473
Napitupulu, I. H., Situngkir, A., Basuki, F. H., & Nugroho, W. (2020). Optimizing good Corporate Governance Mechanism to Improve Performance: Case in Indonesia’s Manufacturing Companies. Global Business Review, 46. https://doi.org/10.1177/0972150920919875
OJK. (2014). Roadmap Tata Kelola Perusahaan Indonesia. Ojk, 84.
Pearce, J. A., & Zahra, S. A. (1992). Board Composition From a Strategic Contingency Perspective. Journal of Management Studies, 29(4), 411–438. https://doi.org/10.1111/j.1467-6486.1992.tb00672.x
Puni, A., & Anlesinya, A. (2020). Corporate governance mechanisms and firm performance in a developing country. International Journal of Law and Management, 62(2), 147–169. https://doi.org/10.1108/IJLMA-03-2019-0076
Romano, G., Ferretti, P., & Alessandra, R. (2012). Corporate Governance and Performance in Italian Banking Groups. International Conference “Corporate Governance & Regulation: Outlining New Horizons for Theory and Practice,” 1–35.
Sekaredi, S. (2011). Pengaruh corporate governance terhadap kinerja keuangan perusahaan (studi pada perusahaan yang terdaftar di lq45 tahun 2005-2009). Eprints.Undip.Ac.Id, 68.
Septiana, N., Sri, R. R. H., & Sulasmiyati, S. (2016). PENGARUH MEKANISME GOOD CORPORATE GOVERNANCE TERHADAP PROFITABILITAS PERUSAHAAN ( Studi pada Perusahaan Makanan dan Minuman Tahun 2011-2014 ). Jurnal Administrasi Bisnis, 38(2).
Solimene, S., Coluccia, D., & Fontana, S. (2017). Gender diversity on corporate boards: an empirical investigation of Italian listed companies. Palgrave Communications, 3(1), 1–7. https://doi.org/10.1057/palcomms.2016.109
Widyati, M. F. (2013). PENGARUH DEWAN DIREKSI, KOMISARIS INDEPENDEN, KOMITE AUDIT, KEPEMILIKAN MANAJERIAL DAN KEPEMILIKAN INSTITUSIONAL TERHADAP KINERJA KEUANGAN. 1(1), 234–249.
Yermack, D. (1996). Higher Market Valuation for Firms with a Small Board of Directors. Journal of Financial Economics, 40(40), 185–211.
Aboagye, A. Q., & Otieku, J. (2010). Are Ghanaian MFIs’ performance associated with corporate governance? Corporate Governance, 10(3), 307–320. https://doi.org/10.1108/14720701011051938
Adestian, Y. (2017). Pengaruh Dewan Komisaris, Dewan Direksi, Dewan Komisaris Independen, Komite Audit dan Ukuran Perusahaan Pada Kinerja Perusahaan Perbankan Yang Listing di Bei Pada Tahun 2012-2014. Fakultas Ekonomi Universitas Dian Nuswantoro, 1–13.
Agatha, B. R., Nurlaela, S., & Samrotun, Y. C. (2020). Kepemilikan Manajerial, Institusional, Dewan Komisaris Independen, Komite Audit dan Kinerja Keuangan Perusahaan Food and Beverage. E-Jurnal Akuntansi, 30(7), 1811. https://doi.org/10.24843/eja.2020.v30.i07.p15
Agoes, S., & Ardana, C. (2014). Etika Bisnis dan Profesi [Business and Professional Ethics]. Salemba Empat.
Al-ahdal, W. M., Alsamhi, M. H., Tabash, M. I., & Farhan, N. H. S. (2020). The impact of corporate governance on financial performance of Indian and GCC listed firms: An empirical investigation. Research in International Business and Finance, 51(August 2019), 101083. https://doi.org/10.1016/j.ribaf.2019.101083
Al Farooque, O., Buachoom, W., & Sun, L. (2020). Board, audit committee, ownership and financial performance – emerging trends from Thailand. Pacific Accounting Review, 32(1), 54–81. https://doi.org/10.1108/PAR-10-2018-0079
Alzeban, A. (2015). Influence of audit committees on internal audit conformance with internal audit standards. Managerial Auditing Journal, 30(6/7), 539–559.
Appiah, K. O., & Amon, C. (2017). Board audit committee and corporate insolvency. Journal of Applied Accounting Research, 18(3), 298–316. https://doi.org/10.1108/jaar.2008.37509aaa.001
Black, B., & Kim, W. (2012). The effect of board structure on firm value: A multiple identification strategies approach using Korean data. Journal of Financial Economics, 104(1), 203–226. https://doi.org/10.1016/j.jfineco.2011.08.001
Black, B. S., & Khanna, V. S. (2007). Can Corporate Governance Reforms Increase Firm Market Values? Event Study Evidence from India. Journal of Empirical Legal Studies, 4(4), 749–796. https://doi.org/10.1111/j.1740-1461.2007.00106.x
Borlea, S. N., Achim, M. V., & Mare, C. (2017). Board characteristics and firm performances in emerging economies. Lessons from Romania. Economic Research-Ekonomska Istrazivanja , 30(1), 55–75. https://doi.org/10.1080/1331677X.2017.1291359
Dahya, J., & McConnell, J. J. (2007). Board composition, corporate performance, and the Cadbury committee recommendation. Journal of Financial and Quantitative Analysis, 42(3), 535–564. https://doi.org/10.1017/s0022109000004099
Dalton, D. R., Daily, C. M., Johnson, J. L., & Ellstrand, A. E. (1999). Number of directors and financial performance: A meta-analysis. Academy of Management Journal, 6(42), 674–686.
Dawood, M., Rehman, S. ur, Majeed, U., & Idress, S. (2023). Contribution the Effect of Corporate Governance on Firm Performance in Pakistan. Review of Education, Administration & Law, 6(1), 51–62. https://doi.org/10.47067/real.v6i1.304
Gaur, S. S., Bathula, H., & Singh, D. (2015). Ownership Concentration, Board Characteristics and Firm Performance. Management Decision, 53(5), 911–931.
Ghozali, I., & Ratmono, D. (2013). Analisis Multivariat Dan Ekonometrika: Teori, Konsep, dan Aplikasi dengan Eviews 8. Badan Penerbit Universitas Diponegoro.
Guest, P. M. (2009). Guest(2009)-The impact of board size on FP-UK-Q1.pdf. June 2013, 37–41.
Gujarati, D. N., & Porter, D. C. (2009). Basic Econometrics (Fifth Edit). Mcgraw-Hill.
Gull, A. A., Akram, T., Bilal, M., & Muzaffar, Z. (2013). Do board independence carry value? A case study of Pakistani banks. Research Journal of Management Sciences, 2(5), 1–5.
Harjoto, M., Laksmana, I., & Lee, R. (2015). Board Diversity and Corporate Social Responsibility. Journal of Business Ethics, 132(4), 641–660. https://doi.org/10.1007/s10551-014-2343-0
Herman Darwis. (2009). Corporate Governance Terhadap Kinerja Perusahaan. Jurnal Keuangan Dan Perbankan, 13(3), 1–13.
Hermiyetti, & Katlanis, E. (2017). Analisis Pengaruh Kepemilikan Manajerial, Kepemilikan Institusional, Kepemilikan Asing, Dan Komite Audit Tehadap Kinerja Keuangan Perusahaan. Media Riset Akuntansi, 25–43.
Hillman, A. J., & Dalziel, T. (2003). Boards of directors and firm performance: Integrating agency and resource dependence perspectives. Academy of Management Review, 28(3), 383–396. https://doi.org/10.5465/AMR.2003.10196729
Humas. (2021). Airlangga: Penguatan Tata Kelola Pemerintahan dan Korporasi Dorong Pemulihan Perekonomian Nasional. Setkab.Go.Id. https://setkab.go.id/airlangga-penguatan-tata-kelola-pemerintahan-dan-korporasi-dorong-pemulihan-perekonomian-nasional/
Isidro, H., & Sobral, M. (2015). The Effects of Women on Corporate Boards on Firm Value, Financial Performance, and Ethical and Social Compliance. Journal of Business Ethics, 132(1), 1–19. https://doi.org/10.1007/s10551-014-2302-9
JENSEN, M. C., & MECKLING, W. H. (2000). THEORY OF THE FIRM : MANAGERIAL BEHAVIOR, AGENCY COSTS AND OWNERSHIP STRUCTURE. Taylor & Francis.
Kabir, R., & Thai, H. M. (2017). Does corporate governance shape the relationship between corporate social responsibility and financial performance? Pacific Accounting Review, 29(2), 227–258. https://doi.org/10.1108/par-10-2016-0091
Kiel, G. C., & Nicholson, G. J. (2003). Board Composition and Corporate Performance: how the Australian experience informs contrasting theories of corporate fovernance. Corporate Governance : An International Review, 11(2), 189–205.
Liu, Y., Miletkov, M. K., Wei, Z., & Yang, T. (2015). Board independence and firm performance in China. Journal of Corporate Finance, 30, 223–244. https://doi.org/10.1016/j.jcorpfin.2014.12.004
Mulyadi, A., Titisari, K. H., & Nurlaela, S. (2019). THE EFFECT OF GOOD CORPORATE GOVERNANCE AND CAPITAL STRUCTURE ON FINANCIAL PERFORMANCE EMPIRIS STUDY ON CONSUMPTION INDUSTRIAL COMPANY YEAR PERIOD (2015-2017). JURNAL WIDYA GANECWARA, 28(2).
Mulyasari, F., Djaelani, A. Q., & Salim, M. A. (2017). Pengaruh Mekanisme Good Corporate Governance terhadap Kinerja Keuangan Perusahaan (Studi pada Perusahaan Food and Beverages yang Terdaftar di Bursa Efek Indonesia Periode 2013-2015). E-Jurnal Riset Manajemen, 6(4), 139–153. http://riset.unisma.ac.id/index.php/jrm/article/view/473
Napitupulu, I. H., Situngkir, A., Basuki, F. H., & Nugroho, W. (2020). Optimizing good Corporate Governance Mechanism to Improve Performance: Case in Indonesia’s Manufacturing Companies. Global Business Review, 46. https://doi.org/10.1177/0972150920919875
OJK. (2014). Roadmap Tata Kelola Perusahaan Indonesia. Ojk, 84.
Pearce, J. A., & Zahra, S. A. (1992). Board Composition From a Strategic Contingency Perspective. Journal of Management Studies, 29(4), 411–438. https://doi.org/10.1111/j.1467-6486.1992.tb00672.x
Puni, A., & Anlesinya, A. (2020). Corporate governance mechanisms and firm performance in a developing country. International Journal of Law and Management, 62(2), 147–169. https://doi.org/10.1108/IJLMA-03-2019-0076
Romano, G., Ferretti, P., & Alessandra, R. (2012). Corporate Governance and Performance in Italian Banking Groups. International Conference “Corporate Governance & Regulation: Outlining New Horizons for Theory and Practice,” 1–35.
Sekaredi, S. (2011). Pengaruh corporate governance terhadap kinerja keuangan perusahaan (studi pada perusahaan yang terdaftar di lq45 tahun 2005-2009). Eprints.Undip.Ac.Id, 68.
Septiana, N., Sri, R. R. H., & Sulasmiyati, S. (2016). PENGARUH MEKANISME GOOD CORPORATE GOVERNANCE TERHADAP PROFITABILITAS PERUSAHAAN ( Studi pada Perusahaan Makanan dan Minuman Tahun 2011-2014 ). Jurnal Administrasi Bisnis, 38(2).
Solimene, S., Coluccia, D., & Fontana, S. (2017). Gender diversity on corporate boards: an empirical investigation of Italian listed companies. Palgrave Communications, 3(1), 1–7. https://doi.org/10.1057/palcomms.2016.109
Widyati, M. F. (2013). PENGARUH DEWAN DIREKSI, KOMISARIS INDEPENDEN, KOMITE AUDIT, KEPEMILIKAN MANAJERIAL DAN KEPEMILIKAN INSTITUSIONAL TERHADAP KINERJA KEUANGAN. 1(1), 234–249.
Yermack, D. (1996). Higher Market Valuation for Firms with a Small Board of Directors. Journal of Financial Economics, 40(40), 185–211.
Adestian, Y. (2017). Pengaruh Dewan Komisaris, Dewan Direksi, Dewan Komisaris Independen, Komite Audit dan Ukuran Perusahaan Pada Kinerja Perusahaan Perbankan Yang Listing di Bei Pada Tahun 2012-2014. Fakultas Ekonomi Universitas Dian Nuswantoro, 1–13.
Agatha, B. R., Nurlaela, S., & Samrotun, Y. C. (2020). Kepemilikan Manajerial, Institusional, Dewan Komisaris Independen, Komite Audit dan Kinerja Keuangan Perusahaan Food and Beverage. E-Jurnal Akuntansi, 30(7), 1811. https://doi.org/10.24843/eja.2020.v30.i07.p15
Agoes, S., & Ardana, C. (2014). Etika Bisnis dan Profesi [Business and Professional Ethics]. Salemba Empat.
Al-ahdal, W. M., Alsamhi, M. H., Tabash, M. I., & Farhan, N. H. S. (2020). The impact of corporate governance on financial performance of Indian and GCC listed firms: An empirical investigation. Research in International Business and Finance, 51(August 2019), 101083. https://doi.org/10.1016/j.ribaf.2019.101083
Al Farooque, O., Buachoom, W., & Sun, L. (2020). Board, audit committee, ownership and financial performance – emerging trends from Thailand. Pacific Accounting Review, 32(1), 54–81. https://doi.org/10.1108/PAR-10-2018-0079
Alzeban, A. (2015). Influence of audit committees on internal audit conformance with internal audit standards. Managerial Auditing Journal, 30(6/7), 539–559.
Appiah, K. O., & Amon, C. (2017). Board audit committee and corporate insolvency. Journal of Applied Accounting Research, 18(3), 298–316. https://doi.org/10.1108/jaar.2008.37509aaa.001
Black, B., & Kim, W. (2012). The effect of board structure on firm value: A multiple identification strategies approach using Korean data. Journal of Financial Economics, 104(1), 203–226. https://doi.org/10.1016/j.jfineco.2011.08.001
Black, B. S., & Khanna, V. S. (2007). Can Corporate Governance Reforms Increase Firm Market Values? Event Study Evidence from India. Journal of Empirical Legal Studies, 4(4), 749–796. https://doi.org/10.1111/j.1740-1461.2007.00106.x
Borlea, S. N., Achim, M. V., & Mare, C. (2017). Board characteristics and firm performances in emerging economies. Lessons from Romania. Economic Research-Ekonomska Istrazivanja , 30(1), 55–75. https://doi.org/10.1080/1331677X.2017.1291359
Dahya, J., & McConnell, J. J. (2007). Board composition, corporate performance, and the Cadbury committee recommendation. Journal of Financial and Quantitative Analysis, 42(3), 535–564. https://doi.org/10.1017/s0022109000004099
Dalton, D. R., Daily, C. M., Johnson, J. L., & Ellstrand, A. E. (1999). Number of directors and financial performance: A meta-analysis. Academy of Management Journal, 6(42), 674–686.
Dawood, M., Rehman, S. ur, Majeed, U., & Idress, S. (2023). Contribution the Effect of Corporate Governance on Firm Performance in Pakistan. Review of Education, Administration & Law, 6(1), 51–62. https://doi.org/10.47067/real.v6i1.304
Gaur, S. S., Bathula, H., & Singh, D. (2015). Ownership Concentration, Board Characteristics and Firm Performance. Management Decision, 53(5), 911–931.
Ghozali, I., & Ratmono, D. (2013). Analisis Multivariat Dan Ekonometrika: Teori, Konsep, dan Aplikasi dengan Eviews 8. Badan Penerbit Universitas Diponegoro.
Guest, P. M. (2009). Guest(2009)-The impact of board size on FP-UK-Q1.pdf. June 2013, 37–41.
Gujarati, D. N., & Porter, D. C. (2009). Basic Econometrics (Fifth Edit). Mcgraw-Hill.
Gull, A. A., Akram, T., Bilal, M., & Muzaffar, Z. (2013). Do board independence carry value? A case study of Pakistani banks. Research Journal of Management Sciences, 2(5), 1–5.
Harjoto, M., Laksmana, I., & Lee, R. (2015). Board Diversity and Corporate Social Responsibility. Journal of Business Ethics, 132(4), 641–660. https://doi.org/10.1007/s10551-014-2343-0
Herman Darwis. (2009). Corporate Governance Terhadap Kinerja Perusahaan. Jurnal Keuangan Dan Perbankan, 13(3), 1–13.
Hermiyetti, & Katlanis, E. (2017). Analisis Pengaruh Kepemilikan Manajerial, Kepemilikan Institusional, Kepemilikan Asing, Dan Komite Audit Tehadap Kinerja Keuangan Perusahaan. Media Riset Akuntansi, 25–43.
Hillman, A. J., & Dalziel, T. (2003). Boards of directors and firm performance: Integrating agency and resource dependence perspectives. Academy of Management Review, 28(3), 383–396. https://doi.org/10.5465/AMR.2003.10196729
Humas. (2021). Airlangga: Penguatan Tata Kelola Pemerintahan dan Korporasi Dorong Pemulihan Perekonomian Nasional. Setkab.Go.Id. https://setkab.go.id/airlangga-penguatan-tata-kelola-pemerintahan-dan-korporasi-dorong-pemulihan-perekonomian-nasional/
Isidro, H., & Sobral, M. (2015). The Effects of Women on Corporate Boards on Firm Value, Financial Performance, and Ethical and Social Compliance. Journal of Business Ethics, 132(1), 1–19. https://doi.org/10.1007/s10551-014-2302-9
JENSEN, M. C., & MECKLING, W. H. (2000). THEORY OF THE FIRM : MANAGERIAL BEHAVIOR, AGENCY COSTS AND OWNERSHIP STRUCTURE. Taylor & Francis.
Kabir, R., & Thai, H. M. (2017). Does corporate governance shape the relationship between corporate social responsibility and financial performance? Pacific Accounting Review, 29(2), 227–258. https://doi.org/10.1108/par-10-2016-0091
Kiel, G. C., & Nicholson, G. J. (2003). Board Composition and Corporate Performance: how the Australian experience informs contrasting theories of corporate fovernance. Corporate Governance : An International Review, 11(2), 189–205.
Liu, Y., Miletkov, M. K., Wei, Z., & Yang, T. (2015). Board independence and firm performance in China. Journal of Corporate Finance, 30, 223–244. https://doi.org/10.1016/j.jcorpfin.2014.12.004
Mulyadi, A., Titisari, K. H., & Nurlaela, S. (2019). THE EFFECT OF GOOD CORPORATE GOVERNANCE AND CAPITAL STRUCTURE ON FINANCIAL PERFORMANCE EMPIRIS STUDY ON CONSUMPTION INDUSTRIAL COMPANY YEAR PERIOD (2015-2017). JURNAL WIDYA GANECWARA, 28(2).
Mulyasari, F., Djaelani, A. Q., & Salim, M. A. (2017). Pengaruh Mekanisme Good Corporate Governance terhadap Kinerja Keuangan Perusahaan (Studi pada Perusahaan Food and Beverages yang Terdaftar di Bursa Efek Indonesia Periode 2013-2015). E-Jurnal Riset Manajemen, 6(4), 139–153. http://riset.unisma.ac.id/index.php/jrm/article/view/473
Napitupulu, I. H., Situngkir, A., Basuki, F. H., & Nugroho, W. (2020). Optimizing good Corporate Governance Mechanism to Improve Performance: Case in Indonesia’s Manufacturing Companies. Global Business Review, 46. https://doi.org/10.1177/0972150920919875
OJK. (2014). Roadmap Tata Kelola Perusahaan Indonesia. Ojk, 84.
Pearce, J. A., & Zahra, S. A. (1992). Board Composition From a Strategic Contingency Perspective. Journal of Management Studies, 29(4), 411–438. https://doi.org/10.1111/j.1467-6486.1992.tb00672.x
Puni, A., & Anlesinya, A. (2020). Corporate governance mechanisms and firm performance in a developing country. International Journal of Law and Management, 62(2), 147–169. https://doi.org/10.1108/IJLMA-03-2019-0076
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Published
2024-09-18
How to Cite
Wijayanti, R. P. (2024). Corporate Governance and Firm Performance: Empirical Evidence From Indonesia Stock Exchange (Kompas 100 Index). International Student Conference on Business, Education, Economics, Accounting, and Management (ISC-BEAM), 2(1). Retrieved from http://103.8.12.212:33180/unj/index.php/isc-beam/article/view/48472
