Pengaruh Pelaksanaan Good Coorporate Governance, Kepemilikan Institusional Dan Leverage Terhadap Kinerja Keuangan

Emillia Susanti - Program Studi Akuntansi Fakultas Ekonomi Universitas Negeri Padang

Abstract


The purpose of this study is to test and provide an empirical evidence about to what extent an audit quality is influenced by (1)  The influence of independent board on the financial performance 2) Influence of institutional ownership on the financial performance and 3) leverage effect on financial performance.

This study classified research causative. The population in this study is manufacturing companies listed on the Stock Exchange from 2009 to 2011. Sampling was done by purposive sampling method, and obtained 42 samples of manufacturing firms. Analysis of the data used is multiple linear regression.
The results show that: 1) the Board of independent directors has no significant effect positively to financial performance. 2) institutional ownership has a positive effect on financial performance, and 3) leverage significant negative effect on financial performance.

In this study suggested: 1) Companies should recruit commissioners and employees who are experts in their fields in order to achieve financial performance and meet the needs of investors and other users of financial statements 2). Investors are advised to continue to gather all the information and references relating to the condition of the company which will be a place to invest. In this case important to do so risks arising from the investment can be minimized and the benefits can be optimized 3). Recommended for the next researcher doing research on other effects, such as the audit of the quality and experience of board work.

Keywords: performance, independent board, institutional ownership, leverage


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