Pengaruh Mekanisme Corporate Governance terhadap Kinerja Keuangan Perusahaan
Abstract
This study aims to examine the effect of corporate governance mechanism
that consists of managerial ownership, institutional ownership, and size of the
board of directors on the financial performance through the agency cost. The
object of this research is the manufacturing companies listed in Indonesia Stock
Exchange during the period 2007-2009. The sample used in this study as marry as
41 companies selected by purposive sampling method. Secondary data obtained
from the company's annual financial statements and then processed using the
method of path analysis. The results showed that managerial ownership has no
effect on financial performance through the agency cost, while institutional
ownership and board size effect on financial performance through the agency
cost.
that consists of managerial ownership, institutional ownership, and size of the
board of directors on the financial performance through the agency cost. The
object of this research is the manufacturing companies listed in Indonesia Stock
Exchange during the period 2007-2009. The sample used in this study as marry as
41 companies selected by purposive sampling method. Secondary data obtained
from the company's annual financial statements and then processed using the
method of path analysis. The results showed that managerial ownership has no
effect on financial performance through the agency cost, while institutional
ownership and board size effect on financial performance through the agency
cost.
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UntitledDOI: https://doi.org/10.33508/jako.v2i1.1025
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Jurnal Akuntansi Kontemporer is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License Publisher Master of Accounting Program, Faculty of Business, Widya Mandala Surabaya Catholic University, Dinoyo 48A, Surabaya, 60265, East Java– Indonesia, Email: jako@ukwms.ac.id p-ISSN 2085-1189 e-ISSN 2685-9971