PENGARUH TATA KELOLA PERUSAHAAN TERHADAP KINERJA KEUANGAN PERUSAHAAN (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di BEI pada Tahun 2020-2022)

Abstract

This study aims to examine the effect of corporate governance on the company's financial performance.

The corporate governance component in this study is represented by five components, including the proportion of independent commissioners, audit committee, board of directors remuneration, institutional ownership, and managerial ownership. While financial performance is measured by return on assets (ROA).

The population in this study is all manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the period 2020-2022. Sampling is done using the purposive sampling method, which involves sampling based on certain criteria. The total number of companies sampled was 78. Hypothesis testing in this study used multiple linear regression analysis with the help of SPSS 25 software.

The main results of this study indicate that the proportion of independent commissioners, remuneration of directors, and managerial ownership have a positive effect on the company's financial performance. The audit committee has a negative effect on the company's financial performance, and institutional ownership has no effect on the company's financial performance.