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"Berintegritas adalah sesuatu yang utuh dalam keseluruhannya, tidak terbagi, dimana nuansa keutuhan atau kebulatannya tidak dapat dihilangkan. Meskipun sesuatu yang berintegritas terdiri dari banyak elemen, keutuhan atau kebulatannya selalu terjaga sebagai hasil dari hubungan timbal balik yang kuat diantara elemen-elemennya. Salah satu isu terkait BPK adalah WTP versus OTT. Menurut data ICW, kinerja penindakan kasus korupsi oleh KPK meningkat dari tahun 2015 sampai 2018. Menariknya, pemerintah daerah dimana kepala daerahnya terjerat korupsi memperoleh opini WTP dari BPK. Bahkan kasus di kementerian, menyeret sejumlah pejabat dan personil BPK serta memunculkan isu adanya jual beli opini. Tantangan lainnya adalah limitasi audit pajak dan utang luar negeri serta terbatasnya kewenangan kelembagaan. Oleh karena itu, dibutuhkan elaborasi peran, independensi dan akuntabilitas BPK termasuk hubungannya dengan lingkungan eksternal. Penelitian ini memakai pendekatan post-positivist dan metode kualitatif dalam mengulas dimensi sound governance. Pengumpulan data melalui dokumentasi dan wawancara mendalam. Analisa data memakai teknik Miles dan Huberman antara lain: reduksi data, display data dan menarik kesimpulan. Hasil penelitian menunjukkan integritas BPK sebagai SAI belum kesatuan utuh kewibawaan, masih terdapat hal-hal yang perlu diperkuat dan dipertegas pada masing-masing dimensi. Penelitian ini memberi saran guna mewujudkan integritas sebagai kesatuan utuh kewibawaan dengan cara meningkatkan poin-poin pada lima dimensi sound governance yang belum optimal.

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Integrity is something that is whole in its entirety, undivided, in which the nuances of wholeness or roundness cannot be removed. Even though something with integrity consists of many elements, its integrity or roundness is always preserved as a result of the strong interrelationship between its elements. One of the issues related to BPK is WTP versus OTT. According to ICW data, the performance of the prosecution of corruption cases by the KPK has increased from 2015 to 2018. Interestingly, local governments where regional heads are caught in corruption obtain WTP opinions from BPK. In fact, the ministry's case dragged a number of BPK officials and personnel and raised the issue of buying and selling opinions. Another challenge is the limitation of tax and foreign debt audits and limited institutional authority. Therefore, it requires elaboration on the role, independence and accountability of BPK, including its relationship with the external environment. This study uses a post-positivist approach and qualitative methods in examining the dimensions of sound governance. Collecting data through documentation and in-depth interviews. Data analysis using Miles and Huberman's techniques includes: data reduction, data display and drawing conclusions. The results showed that the integrity of the BPK as SAI was not a complete unity of authority, there were still things that needed to be strengthened and emphasized in each dimension. This study provides suggestions for realizing integrity as a complete unit of prestige by increasing the points on the five dimensions of sound governance that are not yet optimal."

"This study examines the differencCorporate Governance mechanisms are believed to have strong impact on the companies' performance. The implementation of Corporate Governance in one company might be different to the implementation of Corporate Governance in other company due to the characteristics of the company. This study examines the difference of Corporate Governance mechanisms in financially distressed firms and non financially distressedfirms. Corporate Governance mechanisms examined in this study are board size, independency of board, institutional ownership and director ownership. The result of this study shows that board size has a significant negative impact on the probability of firm experienced financial distressed after controlling for firms asset and leverage. This result is also confirmed by test using lag one year. This study fails to document the evidence of the relationship of board independency and ownership structure with the probability of firm experienced financial distressed."

"Kemampuan membangun kebijakan penerbitan SUN Ritel di pengaruhi oleh adanya pondasi budaya (culture) yang kuat yang mempengaruhi fungsi kemampuan dari pemangku kebijakan (able people) dan proses yang efisien, efektif, dan responsif (agile process) membentuk suatu kapabilitas dinamis (dynamic capabilities) di DJPPR Kementerian Keuangan sehingga dapat memformulasikan suatu kebijakan penerbitan SUN Ritel yang efektif, inovatif dan adaptif sesuai dengan konsep tata kelola dinamis (dynamic governance). Penelitian ini bertujuan untuk menganalisis pembangunan dynamic governance dalam kebijakan penerbitan SUN ritel melalui sistem elektronik (e-SBN) di DJPPR Kemenkeu dan pembelajaran (lesson learned) yang diperoleh dari pengalaman DJPPR Kemenkeu dalam membangun adaptive policy pada kebijakan tersebut. Penelitian ini menggunakan paradigma post positivist dengan teknik pengumpulan data wawancara mendalam, dokumentasi dan studi literatur. Informan wawancara penilitian ini dilakukan kepada 13 narasumber pejabat pemangku kebijakan di DJPPR Kemenkeu yang menyusun kebijakan penerbitan SUN Ritel dan 4 narasumber dari Mitra Distribusi SUN Ritel yang berperan sebagai praktisi di market. Hasil penelitian menemukan bahwa kebijakan penerbitan SUN Ritel melalui sistem elektronik (e-SBN) telah mampu menjadi suatu kebijakan yang inovatif, kereatif dan adaptif yang menunjukkan adanya sistem tata kelola pemerintahan yang dinamis (dynamic governance) dan dapat memberikan lesson learned dalam membangun suatu kebijakan yang adaptif (adaptive policy). Bahkan, capaian transformasi penerbitan SUN Ritel pada platform e-SBN yang dikelola oleh DJPPR Kemenkeu ini diapresiasi oleh lembaga nasional dan internasional.

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The ability to formulate policies for the issuance of SUN Ritel is influenced by the function of the capabilities of policy makers (able people) and efficient, effective, and responsive processes (agile process) which form dynamic capabilities in Ministry of Finance's DJPPR and strong cultural foundation, so that it can formulate a policy issuance of Retail SUN that is effective, innovative and adaptive in accordance with the concept of dynamic governance. This research aims to analyze the development of dynamic governance in the policy of issuing SUN Ritel through the electronic system (e-SBN) in Ministry of Finance's DJPPR and the lessons learned from Ministry of Finance's DJPPR experience in building adaptive policies on this policy. The research uses the post-positivist paradigm with data collection techniques of in-depth interviews, documentation, and literature study. Informant interviews for this research were conducted with 13 resource persons from policy officials at the Ministry of Finance's DJPPR who formulate SUN Ritel issuance policies and 4 resource persons from Retail SUN Distribution Partners who act as practitioners in the market. The results of the research found that the policy of issuing SUN Ritel through the electronic system (e-SBN) has successfully become an innovative, creative, and adaptive policy that shows the existence of a dynamic governance system and provides lessons learned in developing an adaptive policy. In fact, the transformational achievements in SUN Ritel issuance on e-SBN platform, managed by Ministry of Finance's DJPPR were appreciated by national and international institutions."

"Penelitian ini bertujuan untuk menganalisis pengaruh corporate governance struktur kepemilikan dan struktur modal terhadap agency cost pada perusahaan sektor non keuangan yang terdaftar di Bursa Efek Indonesia periode 2008 2012 Corporate governance diproksikan dengan board of commissioner size dan proporsi dewan komisaris Struktur kepemilikan diproksikan dengan kepemilikan manajerial dan kepemilikan institusional Sedangkan struktur modal diproksikan dengan debt to asset ratio Agency cost pada penelitian ini diproksikan dengan asset utilisation ratio Penelitian ini merupakan penelitian kuantitatif dengan menggunakan regresi data panel dengan uji analisis Random Effect Model REMHasil penelitian ini menunjukan bahwa secara simultan corporate governance struktur kepemilikan dan struktur modal berpengaruh secara signifikan terhadap agency cost Selanjutnya secara parsial hasil penelitian ini menunjukan bahwa board of commissioner size kepemilikan manajerial kepemilikan institusional dan debt to asset ratio memiliki pengaruh yang negatif signifikan terhadap agency cost Kata Kunci Agency cost corporate governance struktur kepemilikan dan struktur modal.

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This study aims to analyze the effect of corporate governance, ownership structure, and capital structure on agency cost of non-financial companies listed on the Indonesia Stock Exchange in 2008-2012. Corporate governance is proxied by board of commissioner size and proportion of independent commissioners. Ownership structure is proxied by managerial ownership and institutional ownership. Whereas, capital structure is proxied by debt-to-asset ratio. In this study, agency cost is measured by asset utilisation ratio. This research is a quantitative research by using panel data regression. This research is analyzed with Random Effect Model (REM).

The result shows that corporate governance, ownership structure, and capital structure simultaneously have significant effect on agency cost. Furthermore, board of commissioner size, managerial ownership, institutional ownership, and debt-to-asset ratio significantly affect agency cost and have negative correlation with agency cost."

"Penelitian ini bertujuan menganalisis pengaruh corporate governance terhadap cash holdings dan firm value. Penelitian ini menggunakan uji analisis Fixed Effect Model (FEM). Variabel independen pada penelitian ini adalah ukuran dewan direksi, komisaris independen, dan kepemilikan manajerial, sedangkan variabel dependennya adalah cash holdings yang diproksikan dengan logaritma natural dari total kas pada penutupan akhir tahun dan firm value yang diproksikan dengan perhitungan Tobin's Q. Penelitian ini menggunakan data panel sejumlah 1314 observasi dari sampel perusahaan non keuangan yang terdaftar di Bursa Efek Indonesia periode 2007-2012.Hasil peneltian ini menunjukkan bahwa: (1) ukuran dewan direksi memiliki pengaruh yang signifikan terhadap cash holdings, (2) komisaris independen dan kepemilikan manajerial tidak memiliki pengaruh yang signifikan terhadap cash holdings, (3) ukuran dewan direksi tidak memiliki pengaruh yang signifikan terhadap firm value, (4) komisaris independen dan kepemilikan manajerial memiliki pengaruh yang signifikan terhadap firm value.

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The main objective of this research is to analyze the effect of corporate governance mechanisms on cash holdings and firm value. This research is analyze with Fixed Effect Model (FEM). The Independence variables in this research are the board size, board independence, and insider ownership, for the dependent variables are cash holdings that proxied by log of year end total cash and firm value that proxied by Tobin's Q. This study use a panel data sample of 1314 observations listed non financial firms in the Indonesia Stock Exchange for the periode 2007-2012.

The results showed that: (1) board size have significant effect on cash holdings, (2) board independence and insider ownership doesn't have significant effect on cash holdings, (3) board size doesn't have significant effect on firm value, (4) board independence and insider ownership have significant effect on firm value."

"Laporan magang ini bertujuan untuk membahas mengenai evaluasi prosedur penilaian tata kelola perusahaan yang dilakukan oleh SNK Indonesia berdasarkan kriteria ACGS. Evaluasi dilakukan dengan membandingkan prosedur yang dilakukan oleh SNK Indonesia dengan prosedur penilaian ACGS. Berdasarkan hasil evaluasi, prosedur penilaian yang dilakukan oleh SNK Indonesia telah sesuai dengan metodologi penilaian ACGS yang berlaku. Namun untuk menghasilkan hasil yang lebih akurat, penilai perlu mengumpulkan informasi secara lebih mendalam menggunakan sumber primer. Laporan magang ini juga memuat refleksi diri penulis selama mengikuti kegiatan magang di SNK Indonesia.

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This internship report aims to discuss the evaluation of the corporate governance assessment procedures carried out by SNK Indonesia based on the ACGS criteria. The evaluation was carried out by comparing the procedures carried out by SNK Indonesia with the ACGS assessment procedures. Based on the evaluation results, the assessment procedure carried out by SNK Indonesia is in accordance with the applicable ACGS assessment methodology. However, to produce a more accurate result, the assessor needs to collect more in-depth information using primary sources. This internship report also contains the author's self-reflection during the internship at SNK Indonesia."

"Penelitian ini bertujuan untuk menganalisis pengaruh struktur modal dan corporate governance terhadap leverage ratios pada perusahaan non-keuangan yang terdaftar di BEI tahun 2008-2012. Penelitian ini menggunakan tiga definisi leverage ratios untuk melihat perbedaan signifikansi dan arah hubungan pada tiap model penelitian. Variabel independen dalam penelitian ini berupa struktur modal (size, growth rate, profitability, asset tangibility) dan corporate governance (board size, board independence, insider ownership, sedangkan variabel dependennya adalah tiga definisi leverage ratios (debt to equity ratio, long-term debt to equity ratio, dan debt to asset ratio).Hasil penelitian menunjukkan bahwa pada model 1 (DER) terdapat pengaruh yang signifikan antara struktur modal (size, growth rate, profitability, asset tangibility) dan corporate governance (board size dan board independence) terhadap leverage ratios; pada model 2 (LDR) terdapat pengaruh yang signifikan antara struktur modal (size dan asset tangibility) terhadap leverage ratios; pada model 3 (DR) terdapat pengaruh yang signifikan antara struktur modal (size, profitability, asset tangibility) dan corporate governance (board size, board independence, insider ownership) terhadap leverage-ratios.

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The main objective of this research is to analyze the effect of capital structure and corporate governance on leverage ratios of non financial companies listed in the Indonesia Stock Exchange in 2008-2012. This research uses three proxies of leverage ratios to see significance difference and relation signs in each model. The independence variables of this research are capital structure (size, growth rate, profitability, asset tangibility) and corporate governance (board size, board independence, insider ownership), while the dependence variables are the three proxies of leverage ratios (debt to equity ratio, long-term debt to equity ratio, debt to asset ratio).

The result shows that there is significant effect of capital structure (size, growth rate, profitability, asset tangibility) and corporate governance (board size, board independence) toward leverage ratios in the first model (DER), while the second model (LDR) shows significant effect of capital structure (size dan asset tangibility) towards leverage ratios, and there is significant effect of capital structure (size, profitability, asset tangibility) and corporate governance (board size, board independence, insider ownership) toward leverage ratios in the third model (DR)."

"Penelitian ini bertujuan untuk menguji pengaruh tingkat integritas manajemen, efektivitas dewan komisaris dan kualitas auditor eksternal terhadap probabilita fraud pada laporan keuangan. Penelitian ini mengambil sampel 68 perusahaan yang terdaftar di Bursa Efek Indonesia pada periode 2007-2011. Berdasarkan pada hasil penelitian menunjukkan bahwa efektivitas dewan komisaris memiliki pengaruh dalam mengurangi kemungkinan terjadinya fraud pada laporan keuangan perusahaan. Dimana semakin tinggi tingkat efektivitas dewan komisaris, maka kemungkinan terjadinya fraud pada perusahaan menjadi semakin rendah. Sedangkan untuk tingkat integritas manajemen dan kualitas auditor eksternal tidak berpengaruh signifikan terhadap kemungkinan terjadinya fraud

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The research examines the effect of executive integrity, commisioner board effectiveness, and external auditor quality on the existing fraud probability of financial statement. The sample was taken from 68 enterprises listed in Indonesia Stock Exchange for the period 2007-20011. The empirical findings showed that commisioner board effectiveness had performed negative and signficant impact on fraud. It indicates that the higher the effectiveness of commisioner board, the lower the probability of fraud on the financial statement. Meanwhile, the executive integrity and auditor quality had performed no significant impact on the existing possible fraud"

"Penelitian ini bertujuan untuk menganalisis pengaruh corporate governance terhadap kinerja keuangan pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia (BEI) selama periode 2009 hingga 2013. Variabel independen dalam penelitian ini adalah corporate governance. Variabel dependen yang digunakan adalah kinerja perusahaan. Corporate governance diukur dengan menggunakan ukuran dewan komisaris, proporsi dewan komisaris indpenden, dan ukuran komite audit. Untuk mengukur kinerja perusahaan, dalam penelitian ini menggunakan dua ukuran pengukuran; Return On Equity (ROE) dan Net Profit Margin (NPM). Penelitian ini merupakan penelitian kuantitatif dengan menggunakan uji regresi data panel. Hasil penelitian ini menunjukan bahwa ukuran dewan komisaris memiliki pengaruh yang tidak signifikan terhadap ROE sedangkan berpengaruh signifikan terhadap NPM, proporsi komisaris independen memiliki pengaruh yang tidak signifikan baik terhadap ROE maupun NPM, ukuran komite audit memiliki pengaruh yang signifikan terhadap ROE maupun NPM.

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The aim of this study is to analyze the effect of corporate governance on the corporate performance of industrial firm listed on Indonesian Stock Exchange in 2009-2013. Independent and dependent variables of this research is corporate governance and corporate performance. For measuring corporate governance, in this research used three measurement: size of board commissioners, proportion of independent board commissioners, and size of board committee. For measuring corporate performance used two measurement: Return On Equity (ROE) and Net Profit Margin (NPM). Hypotheses are tested using the estimation method of panel data. The results of this study find that size of board commissioners has insignificant on ROE and has significant on NPM, proportion of non executive board commissioners has insignificant on ROE and NPM, size of board committee has significant on ROE and NPM."

"This research aims to analyze the impact of corporate governance on firm value. Corporate governance is the range of control mechanisms in a company aimed at aligning relationships among various stakeholders involved with companies – including owners (shareholders), managers, employees, customers, suppliers, and other business partners – and effectively monitoring its performance. Meanwhile, firm value is the economic worth of a company assessed through its ability to generate future cash flows and earnings, taking into account both tangible and intangible assets. This research uses a sample of non-financial companies listed on the Indonesia Stock Exchange in the 2014-2023 period using a purposive sampling technique. The type of data used in this research is panel data consisting of time series and cross section data. The results of this research show that corporate governance has an insignificant impact on firm value, using independent variables of board size, board independence, board gender diversity, ownership concentration, and CEO ownership.

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Penelitian ini bertujuan untuk menganalisis pengaruh corporate governance terhadap firm value. Corporate governance adalah serangkaian mekanisme pengendalian dalam suatu perusahaan yang bertujuan untuk menyelaraskan hubungan antara berbagai pemangku kepentingan yang terlibat dengan perusahaan – termasuk pemilik (pemegang saham), manajer, karyawan, pelanggan, pemasok, dan mitra bisnis lainnya – dan memantau kinerjanya secara efektif. Sedangkan firm value adalah nilai ekonomi suatu perusahaan yang dinilai melalui kemampuannya menghasilkan arus kas dan pendapatan di masa depan, dengan mempertimbangkan aset berwujud dan tidak berwujud. Penelitian ini menggunakan sampel perusahaan non keuangan yang terdaftar di Bursa Efek Indonesia periode 2014-2023 dengan menggunakan teknik penarikan sampel purposive sampling. Jenis data yang digunakan dalam penelitian ini adalah data panel yang terdiri dari data time series dan cross section. Hasil penelitian menunjukkan bahwa tata kelola perusahaan mempunyai pengaruh yang tidak signifikan terhadap nilai perusahaan, dengan menggunakan variabel independen ukuran dewan direksi, independensi dewan direksi, keberagaman gender dewan direksi, konsentrasi kepemilikan, dan kepemilikan CEO.

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