NALISIS HUBUNGAN PENERAPANGOOD CORPORATEGOVERNANCEDENGAN KINERJA KEUANGAN PERUSAHAAN (Studi Kasus Pada Beberapa Perusahaan Non Keuangan yang Listing di Bursa Efek Indonesia)

Abstract

This study aims to analyze the relationship between the implementation of Good Corporate Governance of the company's financial performance. Corporate governance as measured by the CGPI (Corporate Governance Perception Index) based on the appraisal has been prepared by IICG (Indonesian Institute of Corporate Governance) and the company's financial performance is measured by using the EVA (Economic Value Added / EVA). The statistical method used is the Pearson Product Moment correlation analysis. Eight samples of non-financial companies listed in Indonesia Stock Exchange and has participated in a survey conducted in 2008 IICG Based on the results of hypothesis testing can be concluded that there was no significant relationship between the implementation of Good Corporate Governance with the company's financial performance. This is apparently due to low awareness of companies to implement Good Corporate Governance. Management company has not seen any direct financial impact, if viewed from this period are more long-term GCG so success can not be measured if only rely on only one accounting period, while calculations of financial performance by using the EVA approach is more short-term, where the results achieved from this period is the result of the added value that can be stand-alone company