Professional Documents
Culture Documents
Pengaruh Karakteristik Perusahaan Dan Faktor Regulasi Terhadap Kualitas Implementasi Corporate Governance Deni Darmawati Universitas Trisakti
Pengaruh Karakteristik Perusahaan Dan Faktor Regulasi Terhadap Kualitas Implementasi Corporate Governance Deni Darmawati Universitas Trisakti
Abstract
The purpose if this research is to investigate the determinants of corporate governance
implementation quality of Indonesian public listed companies. This research uses 53 firm years
for sample. Corporate governance implementation quality data are data for year 2003 and 2004.
The variables that were hypothesized influence corporate governance implementation are
investment opportunities, ownership concentration, and leverage. Furthermore, this research
also controls the influence of company size and regulatory factors to corporate governance
implementation quality. The regulatory factors are bank versus nonblank company and stateowned versus non-stated-owned company. Using multiple regression method, this research found
that ownership concentration and company size have positive influence to corporate governance
implementation quality. This research also found that state-owned companies have weaker
corporate governance mechanism than non-stated-owned companies.
Key words: growth opportunities, ownership concentration, leverage, industry factors, and
corporate governance implementation quality.