Penelitian ini bertujuan untuk menganalis hubungan antaraInvestment Opportunity Set, Praktek Corporate Governance danReturn On Equity. Data yang digunakan dalam penelitian adalahlaporan tahunan perusahaan bukan bank dan lembaga keuangan yangterdaftar di Bursa Efek Indonesia pada tahun 2007 ? 2008 dengan totalsampel sebanyak 64 perusahaan. Sampel diperoleh denganmenggunakan metode purposive sampling. Metode pengujianhipotesis yang digunakan adalah metode regresi linier berganda. Hasilpenelitian dalam penelitian ini menunjukkan bahwa terdapat hubungannegatif antara peluang pertumbuhan perusahaan (InvestmentOpportunity Set) dengan kinerja perusahaan (Return On Equity) danvariabel corpoarate governance antara lain: proporsi komisarisIndependen yang lebih tinggi, kepemilikan saham manajemen yanglebih tinggi dan remunerasi manajemen yang lebih tinggi tidakmempengaruhi hubungan negatif antara peluang pertumbuhanperusahaan (Investment Opportunity Set) dan kinerja perusahaan(Return On Equity).
Abstract
This study aims to analyze the correlation between the InvestmentOpportunity Set, Corporate Governance Practices and Return OnEquity. The data used in the study were non-bank company's annualreport and financial institutions listed on the Indonesia StockExchange in the year 2007 - 2008 with a total sample of 64companies. Samples obtained using the method of purposivesampling. Hypothesis testing method used is multiple linear regressionmethod. The results in this study indicate that there is a negativerelationship between firm growth opportunities (InvestmentOpportunity Set) and firm performance (Return On Equity) andcorporate governance variables include a higher proportion ofindependent commissioners, higher management shareholdings,higher management remuneration does not affect the negativerelationship between firm growth opportunities (Investmentopportunity Set) and firm performance (Return On Equity). |
