Analisis Prinsip-prinsip Good Corporate Governance pada Perusahaan Pembiayaan

<em>The principles of Good Corporate Governance are important so that performance is increasing and beneficial to the stakeholders. The formulation of the problem of how Good Corporate Governance principles, obstacles, and actions to improve the principles of Good Corporate Governance in PT. XYZ Finance Region of North Sumatra. Combined research (Mixed Methods Research) Respondent only leaders with supervisor level until general manager Questionnaire data collection, observation and interview of respondent Descriptive statistic analysis, triangulation technique credibility test and transferability. PT. XYZ Finance of North Sumatera region runs the principles of Good Corporate Governance with: The principle of openness: 3.7 good. Accountability: 4.1 good. Accountability 3.1 is not good. Independence: 2.6 less good. Fairness: 3.2 is not good. Total value: 4,026 on either area. Two factors that play the role of internal factors, as a driver of success and external factors, which affect the successful implementation of Good Corporate Governance. Beyond these two factors, the most strategic aspect of supporting the implementation of Good Corporate Governance effectively depends on the quality, skill, credibility, and integrity of the various parties that drive the company's organs. Performance improvement plan in order to realize the principles of Good Corporate Governance in order to deliver the results as expected must meet the criteria of practical, time oriented, specific and committed.</em>

Download Full-text

Strengthen the Impact of CSR Information and Audit Quality on Investment Decisions: The Role of Good Corporate Governance in ASEAN Countries

10.20944/preprints202105.0148.v2 ◽

2021 ◽

Author(s):

Istianingsih Istianingsih ◽

Vidiyanna Rizal Putri ◽

Marissa Grace Haque

Keyword(s):

Corporate Governance ◽

Stock Returns ◽

Audit Quality ◽

Investment Decisions ◽

Successful Implementation ◽

Good Corporate Governance ◽

Abnormal Stock Returns ◽

Csr Disclosure ◽

The Impact

This research contributes to the development of theories regarding the relationship between Corporate Social Responsibility (CSR) and investment decisions. Acquisition of stock returns that exceed normal predictions depends on the successful implementation of Good Corporate Governance (GCG). This study aims to examine investors' reactions to information on CSR disclosure in several countries that are members of the Association of Southeast Asian Nations (ASEAN). Furthermore, this study also examines the role of implementing GCG in strengthening the impact of CSR disclosure on investor relations as measured by abnormal stock returns. The sampling technique used was purposive Sampling. The research was conducted on Manufacturing Companies in countries that are members of ASEAN during 2017-2019. The estimation model used to analyze data is a multiple regression model. The results showed that CSR information was able to increase investors' positive reactions. Meanwhile, GCG practice is proven to strengthen the impact of CSR information on investment decisions. Other variables involved in this study, namely audit quality, company size, debt level, and sales growth, are not proven to influence abnormal stock returns.

Download Full-text

Strengthen the Impact of CSR Information on Investment Decisions: The Role of Good Corporate Governance in ASEAN Countries

10.20944/preprints202105.0148.v1 ◽

2021 ◽

Author(s):

Istianingsih Istianingsih ◽

Vidyana Rizal Putri ◽

Marissa Grace Haque

Keyword(s):

Corporate Governance ◽

Stock Returns ◽

Audit Quality ◽

Investment Decisions ◽

Successful Implementation ◽

Good Corporate Governance ◽

Abnormal Stock Returns ◽

Csr Disclosure ◽

The Impact

Download Full-text

Pengaruh Good Corporate Governance dan Budaya Tri Hita Karana Pada Kinerja Bank Perkreditan Rakyat

Jurnal Ilmiah Akuntansi dan Bisnis ◽

10.24843/jiab.2017.v12.i01.p03 ◽

2017 ◽

pp. 17

Author(s):

I Gusti Ayu Made Asri Dwija Putri ◽

I.G.K.A Ulupui ◽

Ni Gusti Putu Wirawati

Keyword(s):

Corporate Governance ◽

Regression Analysis ◽

Sampling Method ◽

Research Result ◽

Economic Problem ◽

Good Corporate Governance ◽

Result Show ◽

The Government ◽

Cultural Effect

The purpose of this study, namely to obtain empirical evidence that the implementation of corporate governance affect the performance of “Bank Perkreditan Rakyat” ( rural banks), and the role of local culture “Tri Hita Karana “to the BPR’s performance. The population is all BPR located in Badung and Denpasar. The samples using purposive sampling method. The data in this study were collected using a questionnaire are distributed directly to the object of research. “BPR” number into the sample in this study was 65 Banks. Data analyzed by model Multiple Regression Analysis. The research result show that the principles of corporate governance and the local cultural effect on the performance of BPR in Badung and Denpasar. “Bank Perkreditan Rakyat”. The implication of the study is important for the government to solve the economic problem using Corporate Governance and Tri Hita Karana concept.

Download Full-text

The Mediating Role of Corporate Social Responsibility (CSR) Disclosure on Good Corporate Governance (GCG) and Firm Value. A Technical Note

Australasian Accounting Business and Finance Journal ◽

10.14453/aabfj.v14i1.9 ◽

2020 ◽

Vol 14 (1) ◽

pp. 88-96

Author(s):

Saparila Worokinasih ◽

Muhammad Zaini

Keyword(s):

Corporate Governance ◽

Corporate Social Responsibility ◽

Social Responsibility ◽

Firm Value ◽

Technical Note ◽

Mediating Role ◽

Good Corporate Governance ◽

Csr Disclosure ◽

Corporate Social

Download Full-text

Toward Firm Performance in Indonesia: The Role of Good Corporate Governance and Investment Opportunity Set

Jurnal Economia ◽

10.21831/economia.v17i1.35562 ◽

2021 ◽

Vol 17 (1) ◽

pp. 81-90

Author(s):

Dedi Rusdi ◽

Indri Kartika ◽

Maya Indriastuti

Keyword(s):

Corporate Governance ◽

Structural Equation Modeling ◽

Firm Performance ◽

Structural Equation ◽

Equation Modeling ◽

Investment Opportunity ◽

Purposive Sampling ◽

Good Corporate Governance ◽

Investment Opportunity Set

Abstract: This study examined the role of good corporate governance and investment opportunity set in maintaining firm performance. This study's sample population comprised 240 manufacturing companies listed on the Indonesia Stock Exchange from 2016 to 2019. The research sample was selected using a purposive sampling method. The data were analyzed by using structural equation modeling analysis (SEM). The results showed that good corporate governance in terms of board size had a negative effect on firm performance. Meanwhile, good corporate governance in terms of board independence and investment opportunity set had a positive effect on firm performance.Keywords: good corporate governance, investment opportunity set, firm performance Menuju Kinerja Perusahaan di Indonesia: Peran Good Corporate Governance dan Investment Opportunity Set Abstrak: Studi ini menguji peran good corporate governance dan investment opportunity set dalam menjaga kinerja perusahaan. Populasi sampel penelitian terdiri dari 240 perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia dari tahun 2016 hingga 2019. Sampel penelitian dipilih dengan menggunakan metode purposive sampling. Analisis data menggunakan analisis structural equation modeling (SEM). Hasil penelitian menunjukkan bahwa good corporate governance ditinjau dari ukuran dewan komisaris berpengaruh negatif terhadap kinerja perusahaan. Sedangkan good corporate governance ditinjau dari independensi dewan komisaris dan investment opportunity set berpengaruh positif terhadap kinerja perusahaan.Kata kunci: good corporate governance, investment opportunity set, kinerja perusahaan

Download Full-text

PENGARUH FREE CASH FLOW DAN LEVERAGE TERHADAP MANAJEMEN LABA DENGAN GOOD CORPORATE GOVERNANCE SEBAGAI VARIABEL MODERASI

AKUNTABILITAS ◽

10.29259/ja.v13i1.9481 ◽

2019 ◽

Vol 13 (1) ◽

pp. 69-82

Author(s):

Erma Setiawati ◽

Mujiyati Mujiyati ◽

Erma Marga Rosit

Keyword(s):

Corporate Governance ◽

Regression Analysis ◽

Earnings Management ◽

Cash Flow ◽

Free Cash Flow ◽

Leverage Effect ◽

Purposive Sampling ◽

Good Corporate Governance

This research aimed to examine the effect of free cash flow and leverage to earnings management.This study also examines the role of good corporate governance as measured by the index Government in moderating influence of free cash flow and leverage on earnings management. This research was conducted in the company are listed in the JakartaIslamicIndex(JII)from2015-2017 and unlisted in the Bursa Efek Indonesia(BEI).The sample is determined by purposive sampling with 45 samples. This analysis uses regression analysis moderation (MRA). The results of the research indicate where (1) free cash flow significant effect on earnings management, (2) no leverage effect on earnings management, (3) good corporate governance as measured by the index of corporate governance is not able to moderate the influence of free cash flow and earnings management

Download Full-text

Is top-management remuneration influenced by board characteristics?

International Journal of Accounting and Information Management ◽

10.1108/ijaim-11-2013-0062 ◽

2015 ◽

Vol 23 (1) ◽

pp. 60-79 ◽

Cited By ~ 3

Author(s):

Sebastien Deschenes ◽

Hamadou Boubacar ◽

Miguel Rojas ◽

Tania Morris

Keyword(s):

Corporate Governance ◽

Academic Research ◽

Top Management Teams ◽

Top Management ◽

Management Compensation ◽

Content Type ◽

Board Characteristics ◽

Good Corporate Governance

Purpose – The purpose of this article is to examine if certain board characteristics have an impact on the total remuneration of top management and the ratio of stock-based remuneration to total top-management remuneration. Design/methodology/approach – The study draws on data from the largest public Canadian companies, the constituents of the TSX/60 index. The study controls for firm size and profitability. Findings – The authors concludes that total remuneration of top management is directly linked to board-member total remuneration and the board average number of director-tenure years. The study also shows that the ratio of stock-based to total top-management remuneration is positively affected by the percentage of independent directors, total remuneration of board directors, the ratio of stock-based remuneration of directors to their total remuneration and the average number of tenure years of the board of directors. Practical implications – If regulators are determined to curb the excesses in top-management remuneration by means of promoting boards with certain characteristics, they should implement measures facilitating the control of directors’ remuneration and tenure, to discourage cronyistic behavior. Good corporate governance requires that the board act as a counterbalance to top management, ensuring that a substantial percentage of top-executive total compensation is variable, and not fixed. According to our findings, the boards that are the most likely to hold managerial avoidance of variable pay in check are those favoring director independence, variable director remuneration and longer director tenures. Social implications – The present article examines specifically the latter aspect, namely, the role of board characteristics (independence, size, compensation, board director ownership and tenure, etc.) in the determination of top-management compensation. This relationship is important because it allows us to further the analysis of corporate governance. If the above-mentioned traits of boards have a meaningful relationship with the compensation of the top management, one might conclude that certain practices in the composition of boards could influence good corporate governance practices. This is relevant for regulatory agencies, for investors and for corporations. Originality/value – The article adds to the extant literature in a number of ways. Firstly, it considers the role of the traits of the board in the determination of the compensation of the top-management teams, and not only of the chief executive officer, as is the focus of previous literature. Secondly, the article focuses on the power interplay between boards and managers, and, more particularly, on the ability of boards to be an effective mechanism of corporate governance. Finally, the article examines the potential impact of board traits in the determination of top-management compensation in the context of Canadian firms, a subject that has received less attention from academic research, which has mostly concentrated on analyzing the issue in the US context.

Download Full-text

Implementation of Social Culture in Corporate Governance: A Literature Study

International Journal of Financial Research ◽

10.5430/ijfr.v11n1p293 ◽

2019 ◽

Vol 11 (1) ◽

pp. 293

Author(s):

Mukhtaruddin Mukhtaruddin ◽

M. Adam ◽

Isnurhadi Isnurhadi ◽

Luk Luk Fuadah

Keyword(s):

Corporate Governance ◽

Ownership Structure ◽

Audit Committee ◽

Literature Study ◽

Social Culture ◽

The Public ◽

Good Corporate Governance ◽

The People ◽

Governance Index

Good corporate governance (GCG) is a principle implemented by the company to ensure that the interests of stakeholders are not neglected. GCG consists of five main pillars which are transparency, accountability, responsiveness, independency, and fairness. In Indonesia, GCG implementation has not been effective enough as it is only necessarry for large companies and the public. The instrument used to assess GCG implementation is not appropriate either, examples of such are its portion, the existence and role of independent commissioners, portion, the existence and role of the audit committee, and ownership structure. This paper analyzes the implementation of culture found in Indonesian people living in GCG system. With the implementation of this social culture, the corporate GCG is better in its implementation because it is built on the noble values of the people. It then became the Pancasila which is the philosophy of Indonesia as such the the GCG implementation is accessed using the Pancasila Corporate Governance Index (PCGI).

Download Full-text

A Literature Review of the Perspectives of CEO Pay: An Analysis of Issues and Controversies

Journal of Public Administration and Governance ◽

10.5296/jpag.v8i4.13817 ◽

2018 ◽

Vol 8 (4) ◽

pp. 44

Author(s):

Faitira Manuere ◽

Precious Hove

Keyword(s):

Corporate Governance ◽

Literature Review ◽

Executive Compensation ◽

Ceo Compensation ◽

Executive Pay ◽

The Core ◽

Good Corporate Governance ◽

Ceo Pay ◽

Conceptual Background

The purpose of this paper is to review the literature on various theories that are used in organisations today to determine executive compensation. This paper analyses the relevance of the theories that are used to determine CEO compensation in modern corporations. The paper makes an attempt to review extensively the literature on CEO compensation. This paper looks at the concerns of sixteen theories of executive compensation. This paper further analyses the special features that are associated with CEO pay. These features help us to understand the problems that experts on executive pay experience when they try to define the exact CEO pay when compared to other rewards that are non financial. The drivers of executive pay are quantified and qualified in order to provide the conceptual background needed to understand the core factors that determine executive pay. Therefore the role of institutional investors in driving managerial salary is explored in detail. Finally, the effects of firm size and good corporate governance on executive pay are carefully analysed.

Download Full-text

Corporate Governance: Principles and Objectives

Vision The Journal of Business Perspective ◽

10.1177/09722629x98002002004 ◽

1998 ◽

Vol 2 (2) ◽

pp. 18-22

Author(s):

N. Vittal

Keyword(s):

Corporate Governance ◽

Board Of Directors ◽

Financial Institutions ◽

Code Of Conduct ◽

Ethical Values ◽

Good Corporate Governance ◽

The Board Of Directors ◽

Fundamental Value ◽

The Government

Corporate Governance provides the fundamental value framework for the culture of an organisation which ensures efficient functioning of enterprises on sound ethical values and principles. Corporate governance has become a necessity, especially since 1991, when India made a U-turn in its economic policy and the revised policy of the government was aimed at attracting funds from foreign financial institutions. The primary resonsibiity of good corporate governance is that of the Board of Directors. For better corporate governance the boards should perform the role of monitoring the functioning of an organisation, without at the same time reducing the effectiveness of the management by interfering with their day-to-day matters. One of the impediments in the way of good corporate governance is corruption. The three factors within any system which generate corruption are: scarcity, lack of transparency and delay. If these three problems are tackled effectively, corruption can be checked to a great extent. As far as public sector undertakings are concerned, the “Code of Conduct and Ethics” should facilitate the redesigning of the PSEs.

Download Full-text