Praktik Corporate Governance Dan Nilai Perusahaan Bumn Di Indonesia

Sandra Fitri Astrini • Ghanesus Biekayanti • Djoko Suhardjanto
Journal article Universitas Tarumanagara Journal of Accounting • 2015 Indonesia

Abstract

This study aims to examine differences in the level of implementation of theCorporate Governance and profitability ratios listed SOEs are better than non listed, aswell as examine the effect of Corporate Governance on firm value in state owned listed.The sample used to test for differences in the level of implementation of CorporateGovernance in listed and non listed SOEs are 20 reports in 2012 that the company'sannual report on Corporate Governance in accordance SK-16/S.MBU/2012 June 6, 2012,while the sample used to test for differences in margin operating profit of listed and nonlisted SOEs as many as 40 annual reports in 2012, further samples are used to test theeffect of Corporate Governance on firm value is 101 years from 2007 to 2012 annualreports that are based on the availability of data on the web company. Test used in thestudy was one sample t test one tailed and regression test/ordinary linier square (OLS).Results of the study showed that the implementation of the Corporate Governance andprofitability ratios listed SOEs are better than non listed. The next result is that there is asignificant effect of Corporate Governance on firm value. Corporate Governanceindependent variables that affect the value of the firm is the concentration of ownership,managerial ownership, and the number of meetings of the Board of Commissioners.Control variables firm size also significantly influence the value of the firm.

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Journal

Universitas Tarumanagara Journal of Accounting

Jurnal Akuntansi Untar (Universitas Tarumanagara Journal of Accounting) is an open access, peer-r... see more