GOOD CORPORATE GOVERNANCE MANAGEMENT ON CORPORATE VALUES (Empirical Study on Chemical Companies listed on the Indonesia Stock Exchange Period 2013-2015)

Authors

  • Budiyono Budiyono STIE AAS SURAKARTA, Indonesia
  • Fitriah Ayu Wulansari STIE AAS SURAKARTA, Indonesia

Abstract

The purpose of this study was to examine the effect of good corporate governance on company value. Proxy of good corporate governance, namely the composition of the board of commissioners, institutional ownership, managerial ownership. The research samples are chemical companies listed on the Stock Exchange in 2013-2015. The purposive sampling method was used in the selection of samples in order to obtain a sample of 10 chemical companies with a total observation of 30 observation data for 3 years. The data analysis techniques using multiple regression analysis. Company value is measured using Tobin’s Q. Based on the results of testing the hypothesis, the results show that only the composition of the board of directors variables has a negative effect on the value of the company while the other two independent variables have a positive effect on the value of the company.

References

Amyulianthy, Rafriny. 2012. “Pengaruh Struktur Corporate Governance Terhadap Kinerja Perusahaan Publik Indonesiaâ€. Jurnal Liquidity, 1(2): h:91-98.

Faizal. 2004. “Analisis Agency Costs, Struktur Kepemilikan dan Mekanisme Corporate Governance.†Simposium Nasional Akuntansi VII. Denpasar Bali, 2-3 Desember.

Herawaty, Vinola, 2008, “Peran Praktek Corporate Governance Sebagai Moderating Variable Dari Pengaruh Earnings Management Terhadap Nilai Perusahaanâ€, Simposium Nasional Akuntansi 11 Pontianak 23-24 Juli 2008.

Purwaningtyas, Frysa Praditha. 2011. “Analisis Pengaruh Mekanisme Good Corporate Governance Terhadap Nilai Perusahaanâ€. Skripsi Jurusan Akuntansi Fakultas Ekonomi Universitas Diponegoro, Semarang.

Rachmawati, Andri dan Hanung Triatmoko, 2007. “Analisa Faktor-faktor yang mempengaruhi kualitas laba dan nilai perusahaanâ€, SNA 10 Makassar, hal 1-26.

Sabeni, Arifin, 2005, “Peran Akuntan Dalam Menegakkan Prinsip Good Corporate Governance (Tinjauan Perspektif Agency Theory)â€, Pidato Pengukuhan Guru Besar , Fakultas Ekonomi Universitas Diponegoro.

Siallagan, Homonagan dan M.Machfoedz. 2006. “Mekanisme Corporate Governance, Kualitas Laba dan Nilai Perusahaan.†Simposium Nasional Akuntansi IX, Padang 23-26 Agustus 2006.

Downloads

How to Cite

Budiyono, B., & Wulansari, F. A. (2018). GOOD CORPORATE GOVERNANCE MANAGEMENT ON CORPORATE VALUES (Empirical Study on Chemical Companies listed on the Indonesia Stock Exchange Period 2013-2015). International Journal of Economics, Business and Accounting Research (IJEBAR), 2(01). Retrieved from https://jurnal.stie-aas.ac.id/index.php/IJEBAR/article/view/301

Issue

Vol. 2 No. 01 (2018): IJEBAR, Vol. 02, ISSUE. 01, March 2018

Section

Articles

Citation Check

License

Authors who publish with IJEBAR agree to the following terms: Authors retain copyright and grant the IJEBAR right of first publication with the work simultaneously licensed under a Creative Commons Attribution License (CC BY-SA 4.0) that allows others to share (copy and redistribute the material in any medium or format) and adapt (remix, transform, and build upon the material) the work for any purpose, even commercially with an acknowledgement of the work's authorship and initial publication in IJEBAR. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in IJEBAR. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).

Most read articles by the same author(s)

1 2 > >>