Pengaruh Penerapan Good Corporate Governance Terhadap Leverage dan Profitabilitas Pada Perusahaan Perbankan yang Terdaftar Di Bei Periode 2009-2013
Abstract: Since the economic
crisis of 1997, the implementation of good corporate governance, or better
known as the Good Corporate Governance (GCG) to issue raised in Indonesia. Due
to poor corporate governance in Indonesia at that time, causing the economy to
fall. So that everyone agrees to cover the difficulties Indonesia began with
corporate governance. GCG or good corporate governance is a control mechanism
to measure and manage the company, with the intention to improve corporate
accountability. A good corporate governance (GCG) can be defined as a process
and structure used by the organs of the company to enhance shareholder value.
The purpose of this study was to (1) Testing and proving the influence of
good corporate governance to leverage, (2) To test and prove the effect of the
application of good corporate governance on profitability, (3) To test and
prove the effect of leverage on profitability. The object of this research is
the banking companies listed on the Stock Exchange. The data used in this study
is data banking companies listed on the Stock Exchange as many as 16 samples
according to criteria of the study, with the vulnerable period of the data used
is year 2009-2013.
The analytical method used is the analysis of the path. Results of data
analysis using path analysis showed that the implementation of GCG Effect (X)
to leverage (Y1) for the ratio of DER (Y1-DER) and DAR (Y1-DAR) is not
significant. Different results are obtained when the GCG (X) showed a
significant effect on profitability (Y2) for ROE (Y2-ROE) and NPM (NPM-Y2). As
for the effect of leverage (Y1) to profitability (Y2) of the banking companies
listed on the Stock Exchange tend to be varied. This means that the better the
GCG implementation does not affect the banking company debt, but if the better
implementation of GCG to profitability, it can enhance the company's ability to
generate profits. Suggestions should the company become more motivated to implement
GCG consistently in order to help improve the productivity and efficiency of a
company that obviously affected the company's earnings that have an impact on
investor confidence.
Penulis: Riana Christel Tumewu
Kode Jurnal: jpakuntansidd140957
