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THE INFLUENCE OF GOOD CORPORATE GOVERNANCE FINANCIAL PERFORMANCE WITH COMPANY SIZE AND ASSET GROWTH

Management Dynamics Conference 8 · Vol. 8 No. 1 (2023) · pp. 734–757

Published
2023-06-22
Publisher
FPJM
Language
en

Abstract

This study aims to analyze the effect of Good Corporate Governance which is proxied by managerial ownership and institutional ownership on company financial performance which is proxied by ROA using company size and asset growth as control variables. The population is manufacturing sector issuers on the Indonesia Stock Exchange (IDX) in 2013-2020, totaling 204 listed company. Sampling was done by purposive sampling method, obtained a sample of 13 companies. The results of the study show that the influence of GCG in terms of managerial ownership has a negative and significant effect on the company's financial performance. Meanwhile, institutional ownership has a positive and significant effect on the company's financial performance. The control variables of company size and asset growth have a significant positive effect on ROA. Penelitian ini bertujuan untuk menganalisis pengaruh Good Corporate Governance yang diproksikan dengan kepemilikan manajerial dan kepemilikan institusional terhadap kinerja keuangan perusahaan yang diproksikan dengan ROA dengan menggunakan ukuran perusahaan dan pertumbuhan aset sebagai variabel kontrol. Populasi adalah emiten sektor manufaktur di Bursa Efek Indonesia (BEI) tahun 2013-2020 yang berjumlah 204 emiten. Pengambilan sampel dilakukan dengan metode purposive sampling, diperoleh sampel sebanyak 13 perusahaan. Hasil penelitian menunjukkan bahwa pengaruh GCG ditinjau dari kepemilikan manajerial berpengaruh negatif dan signifikan terhadap kinerja keuangan perusahaan. Sedangkan kepemilikan institusional berpengaruh positif dan signifikan terhadap kinerja keuangan perusahaan. Variabel kontrol ukuran perusahaan dan pertumbuhan aset berpengaruh positif signifikan terhadap ROA.

Keywords

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Co-authorOrganisationJoint articles
Vini Wiratno PutriAffiliation unknown4
kris Brantas AbiprayuAffiliation unknown4
Syam WidiaAffiliation unknown4
Achmad Nauval WaliuddinAffiliation unknown4
Anindya ArdiansariAffiliation unknown2
Vina Nurul HusnaAffiliation unknown2
Nina WitasariAffiliation unknown2
Andhi WijayantoAffiliation unknown2
Rama Fajar ShidiqAffiliation unknown2
Muhammad Zain AlfainAffiliation unknown2
Dwi CahyaningdyahAffiliation unknown2
Rizkia Duwi PutriAffiliation unknown2
Gavida Novi WidodoAffiliation unknown1
Alan Ragil MaulanaAffiliation unknown1
Noor HudallahAffiliation unknown1
Wahyuni Nur AzizahAffiliation unknown1
Farid AhmadiAffiliation unknown1
Sugeng HaryantoAffiliation unknown1
Eko AristantoAffiliation unknown1
Muhammad Umar AriefudinAffiliation unknown1
Yanuar BachtiarAffiliation unknown1
Sri WartiniAffiliation unknown1
Shofiyah 'Ulaa Laathi'fahAffiliation unknown1
Eka OktafiaAffiliation unknown1
Mochamad AkbarAffiliation unknown1
Made Virma PermanaAffiliation unknown1
Altista Pradita PrismantiAffiliation unknown1
Hanina HumairaAffiliation unknown1
Fryza Naufal LaksmanaAffiliation unknown1
Rini Setyo WitiastutiAffiliation unknown1
Nabila Rifa HanifahAffiliation unknown1
Debby Andria SilvianiAffiliation unknown1
Hanum Febby EriyantiAffiliation unknown1
Ledi DiyanasariAffiliation unknown1
Adhi SetyantoAffiliation unknown1
Ismail Okta KurniawanAffiliation unknown1

Affiliations come from OpenAlex; journal OAI-PMH metadata carries none. Authors without an OpenAlex ID are matched by name, which can merge or split people.

Metadata source: OAI-PMH (metadata jurnal) https://journal.unhas.ac.id/index.php/madic8/oai, first harvested 2 Nov 2026, last seen 2 Nov 2026.
Original metadata (oai_dc) 
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	<dc:title xml:lang="en">THE INFLUENCE OF GOOD CORPORATE GOVERNANCE FINANCIAL PERFORMANCE WITH COMPANY SIZE AND ASSET GROWTH </dc:title>
	<dc:creator xml:lang="en">Septiani, Ervina Dwi </dc:creator>
	<dc:creator xml:lang="en">Vitradesie Noekent</dc:creator>
	<dc:creator xml:lang="en">Siti Ridloah</dc:creator>
	<dc:creator xml:lang="en">Erisa Aprilia Wicaksari</dc:creator>
	<dc:subject xml:lang="en">Good Corporate Governance</dc:subject>
	<dc:subject xml:lang="en">Managerial Ownership</dc:subject>
	<dc:subject xml:lang="en">Institutional Ownership</dc:subject>
	<dc:subject xml:lang="en">Financial Performance</dc:subject>
	<dc:subject xml:lang="en">ROA</dc:subject>
	<dc:subject xml:lang="en">Firm Size</dc:subject>
	<dc:subject xml:lang="en">Asset Growth</dc:subject>
	<dc:subject xml:lang="en">Kepemilikan Manajerial</dc:subject>
	<dc:subject xml:lang="en">Kepemilikan Institusional</dc:subject>
	<dc:subject xml:lang="en">Kinerja Keuangan</dc:subject>
	<dc:subject xml:lang="en">Ukuran Perusahaan</dc:subject>
	<dc:subject xml:lang="en">Pertumbuhan Aset</dc:subject>
	<dc:description xml:lang="en">This study aims to analyze the effect of Good Corporate Governance which is proxied by managerial ownership and institutional ownership on company financial performance which is proxied by ROA using company size and asset growth as control variables. The population is manufacturing sector issuers on the Indonesia Stock Exchange (IDX) in 2013-2020, totaling 204 listed company. Sampling was done by purposive sampling method, obtained a sample of 13 companies. The results of the study show that the influence of GCG in terms of managerial ownership has a negative and significant effect on the company's financial performance. Meanwhile, institutional ownership has a positive and significant effect on the company's financial performance. The control variables of company size and asset growth have a significant positive effect on ROA.
Penelitian ini bertujuan untuk menganalisis pengaruh Good Corporate Governance yang diproksikan dengan kepemilikan manajerial dan kepemilikan institusional terhadap kinerja keuangan perusahaan yang diproksikan dengan ROA dengan menggunakan ukuran perusahaan dan pertumbuhan aset sebagai variabel kontrol. Populasi adalah emiten sektor manufaktur di Bursa Efek Indonesia (BEI) tahun 2013-2020 yang berjumlah 204 emiten. Pengambilan sampel dilakukan dengan metode purposive sampling, diperoleh sampel sebanyak 13 perusahaan. Hasil penelitian menunjukkan bahwa pengaruh GCG ditinjau dari kepemilikan manajerial berpengaruh negatif dan signifikan terhadap kinerja keuangan perusahaan. Sedangkan kepemilikan institusional berpengaruh positif dan signifikan terhadap kinerja keuangan perusahaan. Variabel kontrol ukuran perusahaan dan pertumbuhan aset berpengaruh positif signifikan terhadap ROA.</dc:description>
	<dc:publisher xml:lang="en">FPJM</dc:publisher>
	<dc:date>2023-06-22</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
	<dc:type>info:eu-repo/semantics/publishedVersion</dc:type>
	<dc:type xml:lang="en">Peer-reviewed Article</dc:type>
	<dc:format>application/pdf</dc:format>
	<dc:identifier>https://journal.unhas.ac.id/index.php/madic8/article/view/25982</dc:identifier>
	<dc:source xml:lang="en">Management Dynamics Conference 8; Vol. 8 No. 1 (2023): MADIC ; 734-757</dc:source>
	<dc:language>en</dc:language>
	<dc:relation>https://journal.unhas.ac.id/index.php/madic8/article/view/25982/10389</dc:relation>
	<dc:rights xml:lang="en">Copyright (c) 2023 Management Dynamics Conference 8</dc:rights>
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