ANALISIS GOOD CORPORATE GOVERNANCE DI SEKTOR MANUFAKTUR: PENGARUH PENERAPAN GOOD CORPORATE GOVERNANCE, RETURN ON ASSET, DAN UKURAN PERUSAHAAN TERHADAP NILAI PASAR PERUSAHAAN

Zulfikar Zulfikar(1*)

(1) Fakultas Ekonomi Universitas Muhammadiyah Surakarta
(*) Corresponding Author

Abstract

This study aims to test empirically the impact of implementation good corporate governance on the
market value of firms. The Good Corporate Governance Perception Index (IICG) used in this study
developed by KNKCGI (2001). Moreover, this study also investigated whether investors also consider
other Good Corporate Governance variables.
This study examines twenty-eight companies that implemented Good Corporate Governance in
Jakarta Stocks Exchange during 2001 to 2002. Regression model analysis is used to identify the effect
implementation Good Corporate Governance on market value of firm. The result show that there are
no positively impact to implementation Good Corporate Governance with market value of firms.

Keywords

Good Corporate Governance, return on asset, market value of firm

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DOI: 10.23917/benefit.v10i2.1239

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