<![CDATA[This study aims to analyze the impact of the Operational Efficiency Ratio and Good Corporate Governance (GCG) on financial performance in companies in the Food and Beverage subsector listed on the Indonesia Stock Exchange for the period 2018–2024. Financial performance is proxied by Return on Equity (ROE), the Operational Efficiency Ratio is proxied by the BOPO ratio, and Good Corporate Governance is proxied by the number of audit committees. This study employs a quantitative method using secondary data obtained from the companies’ annual financial reports. The research sample consists of 10 companies selected using purposive sampling, resulting in 70 observations. The analysis method used is panel data regression with the assistance of the EViews 13 program. Based on the results of the classical assumption tests, the data are normally distributed, there is no multicollinearity, and there is no autocorrelation. The results of the partial tests show that OER has a significant effect on financial performance with a p-value of 0.0042. Meanwhile, good corporate governance does not have a significant effect on financial performance with a p-value of 0.9900. The results of the simultaneous test indicate that OER and Good Corporate Governance together have a significant effect on Financial Performance with a probability value of 0.0146. The Adjusted R-Squared value of 0.092089 indicates that the independent variables explain 9.21% of the variation in Financial Performance, while the remainder is explained by other factors outside the scope of this study.]]>
