Pengaruh Good Corporate Governance Dan Struktur Kepemilikan Terhadap Profitabilitas Pada Perusahaan Yang Tercatat Pada Jakarta Islamic Index Periode Tahun 2009-2018

Sifa Sitifatimah Pebriani, Nora Amelda Rizal

Abstract

Abstrak
Penelitian ini bertujuan untuk melihat pengaruh Good Corporate Governance dan Struktur Kepemilikan terhadap Profitabilitas. Sistem Good Corporate Governance mengharuskan perusahaan untuk menerapkan prinsip-prinsip Good Corporate Governance yaitu Transparansi, Akuntabilitasi, Responsibilitas, Independensi, dan Fairness. Sistem Good Corporate Governance dapat digunakan sebagai pengendalian perusahaan supaya dapat meningkatkan profitabilitas perusahaan. Perbedaan Struktur Kepemilikan perusahaan bertujuan untuk meningkatkan keuntungan perusahaan. Kepemilikan asing dalam struktur kepemilikan diharapkan dapat membangun perusahaan demi meningkatkan persaingan pasar yang juga dapat meningkatkan profitabilitas. Namun perbedaan struktur kepemilikan juga dapat menyebabkan terjadinya agency theory karena terdapatnya perbedaan kepentingan. Sampel pada penelitian ini adalah perusahaan yang konsisten tercatat pada Jakarta Islamic Index periode tahun 2009-2018. Data yang digunakan berupa proporsi Dewan Komisaris Independen, proporsi Komite Audit Independen, komposisi Kepemilikan Asing, dan nilai Return On Assets (ROA) perusahaan. Metode penelitian ini menggunakan uji pemilihan Model Regresi Data Panel, Uji Asumsi Klasik, Analisis Regresi Data Panel, Uji Statistik t dan Statistik F, dan Uji Koefisien Determinasi R^2. Hasil penelitian menunjukan bahwa Komite Audit Independen dan Komisaris Independen tidak berpengaruh signifikan terhadap profitabilitas, sedangkan Kepemilikan Asing berpengaruh signifikan terhadap profitabilitas.
Kata kunci: Good Corporate Governance, struktur kepemilikan, dan profitabilitas.

Abstract
This study aims to look at the effect of Good Corporate Governance and Ownership Structure on Profitability. Good Corporate Governance system requires companies to apply the principles of Good Corporate Governance, namely Transparency, Accountability, Responsibility, Independence, and Fairness. Good Corporate Governance system can be used as a corporate control in order to increase company profitability. Differences in ownership structure aim to increase company profits. Foreign ownership in the ownership structure is expected t build a company in order to increase market competition and also increase profitability. But differences in ownership structur also can lead agency theory due to differences in interests. The sample in this study is companies are consistently listed on the Jakarta Islamic Index for the period 2009-2018. Data used in the form of a proportion of Independent Commissioners, proportion of Independent Audit Committee, composition of Foreign Ownership, and value of Return on Assets (ROA) of the company. This research method uses Panel Data Regression Model selection test, Classic Assumption Test, Panel Data Regression Analysis, Statistics t and F Statistics, and Determination Coefficient
Test. The results showed that the Independent Audit Committee and Independent Commissioner had no significant effect on profitability, while Foreign Ownership had a significant effect on profitability.
Keyword: Good Corporate Governance, ownership structure, and profitability.
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