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All Journal Signifikan : Jurnal Ilmu Ekonomi
Sendy Widjaja
Universitas YAI
Economics, Econometrics & Finance

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The Impact Of Good Corporate Governance To Manufacturing Firm’s Profitability And Firm’s Value Johanes Sumarno; Sendy Widjaja; Subandriah Subandriah
Signifikan: Jurnal Ilmu Ekonomi Vol 5, No 2 (2016)
Publisher : Faculty of Economic and Business Syarif Hidayatullah State Islamic University of Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (480.044 KB) | DOI: 10.15408/sjie.v5i2.3542

Abstract

This paper studied the behavior of management toward the implementation of Good Corporate Governance in Indonesia to determine whether it has any influence towards profitability and its implication to the Manufacturing Firms’ value publicly listed in Indonesian Stock Exchange. There were 41 corporations who met the criteria of the survey. The data were analyzed using Panel Regression with fixed effects Model. The empirical findings show that the implementation of Corporate Governance in Indonesia has a positive, significant and direct impact toward firms’ profitability and firms’ value. Corporate Governance principles based on OECD principles that have positive and significant impact to both profitability and Firms’ Valueis Rights of Shareholders, Role of Stakeholders, Responsibilities of the Board Commissioners and Board of Directors. The principles that have significance and negative impact towards corporate profitability and value, are: Equitable treatment of shareholders and Disclosure and Transparencies. The most significant principle influencing profitability and firms’ value is Disclosure and Transparencies. Profitability plays a greater role in influencing Manufacturing Firms’ value in Indonesia. DOI: 10.15408/sjie.v5i2.3542
Co-Authors Johanes Sumarno Subandriah Subandriah