PENGARUH PELAKSANAAN CORPORATE GOVERNANCE PERCEPTION INDEX (CGPI) TERHADAP KINERJA KEUANGAN (Pada Perusahaan Yang Terdaftar Di Bursa Efek Indonesia Tahun 2009-2012)
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Date
2014
Authors
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Journal ISSN
Volume Title
Publisher
Tesis Program Magister Akuntansi Universitas Widyatama
Abstract
Research on the effects of Good Corporate Governance (GCG)
which is proxied by the implementation of the Corporate Governance
Perception Index (CGPI) on financial performance is mostly done by
researchers such as Nur Hadrat (2007), Cahyani Nuswandari (2009),
David Tjondro & R. Wilopo (2011) , Fifi Nofiani & Poppy Nurmayanti
(2012 and Monisa Like Wati (2012) which takes the object of research
companies listed in Indonesia Stock Exchange. in that study, many of which
lead to the conclusion that the implementation of the CGPI have an
influence on financial performance. However, in these studies is not
explained in detail about the business category which shows the effect when
the company follows the CGPI race conducted by the Indonesian Institute
of Corporate Governance (IICG) in cooperation with SWA magazine.
The population in this study were as many as 119 companies
consisting of eight categories of business, namely developers, private
banks, local government banks, commercial banks government, mining,
operators of toll roads and ports, transport and communication, with the
sample criteria that all companies which follows the race CGPI and
publish financial statements in Indonesian Stock Exchange continuously
from 2009 until 2012 as many as 32 companies. Analysis of the data used is
to use a simple regression model.
The analysis shows that there are significant implementation CGPI
assessed by score (rank) on financial performance (ROI, NPM and ROE).
That research has shown that the implementation of the CGPI effect on
ROI, which in this case happens to the category of business communication
(PT. Telekomunikasi Indonesia Tbk), and the implementation of the CGPI
affect the NPM, which in this case happens to the government's general
banking business category (PT. Bank Mandiri Tbk) as well as the
implementation of the CGPI effect on ROE, which in this case happens to
the category of business communication (PT. Telekomunikasi Indonesia
Tbk).
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Keywords
Score CGPI, Business Category, ROI, NPM, ROE