Update Artikelilmiah: 10492

FAJAR MARTHA NUGRAHA

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Abstrak (Bhs. Indonesia)

Penelitian ini bertujuan untuk mengetahui pengaruh penerapan Good Corporate Governance terhadap kinerja keuangan Badan Usaha Milik Negara. Penerapan Good Corporate Governance diukur dengan Keputusan Sekretaris Kementerian Badan Usaha Milik Negara nomor: SK-16/S.MBU/2012 tentang Indikator/Parameter Penilaian dan Evaluasi atas Penerapan Tata Kelola yang Baik (Good Corporate Governance) Pada Badan Usaha Milik Negara. Kinerja Keuangan diukur dengan menggunakan empat variable, yaitu Return On Asset (ROA), Current Ratio (CR), Debt to Total Asset (DTA), dan Price Earning Ratio (PER) .

Sampel yang dipilih adalah sebanyak 18 BUMN  yang terdaftar di Bursa Efek Indonesia. Data yang diperoleh dianalisis dengan menggunakan analisis regresi linier.

Penelitian ini menemukan bahwa Good Corporate Governance berpengaruh signifikan terhadap Return on Asset (ROA) dan Price Earning Ratio (PER). Namun, penelitian ini tidak berhasil membuktikan adanya pengaruh Good Corporate Governance terhadap Current Ratio (CR) dan Debt to Total Asset (DTA).

Abtrak (Bhs. Inggris)

This study tests whether the implementation of Good Corporate Governance affects Indonesian State Owned Enterprise’s financial performance. The implementation of Good Corporate Governance was measured by Keputusan Sekretaris Kementerian Badan Usaha Milik Negara nomor: SK-16/S.MBU/2012. Which explaining about indicator/ parameter of Good Corporate Governance’s measurement and evaluation in Indonesian State Owned Enterprise. Meanwhile, Financial Performance is measured by using four variable that is Return On Asset (ROA), Current Ratio (CR), Debt to Total Asset (DTA), and Price Earning Ratio (PER) .

18 Indonesian State Owned Enterprises which are listed in Indonesian Stock Exchange were choosen as sample for this research. Reseach data were analyzed by using linear regretion analysis.

Result shows that Good Corporate Governance were significally affect Return on Asset (ROA) and Price Earning Ratio (PER). However, this study cannot prove if Good Corporate Governance were have influence toward Debt to Total Asset (DTA), and Price Earning Ratio (PER) .

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