THE INFLUENCE OF GOOD CORPORATE GOVERNANCE AND LEVERAGE ON FINANCIAL PERFORMANCE IN BANKING COMPANIES LISTED ON THE INDONESIAN STOCK EXCHANGE
Keywords:
Good Coorporate Governance, Leverage, Kinerja KeuanganAbstract
The purpose of this study is to clarify the effect of Good Corporate Governance and Leverage on the Financial Performance of Banking Companies on the Indonesia Stock Exchange (IDX) in 2019-2022. Based on the test results, GCG variables are proxied to the Board of Directors (,X-1.) on financial performance (Y) using the Common Effect Model of 0.7531 > 0.05. The t test (Partial) has a provision that if the probability value is greater than 0.05 (Prob < 0.05) then it can be declared that the results of the t test are not significant. And the second proxy of the independent board of commissioners (,X-2.) to financial performance (Y) with a probability value of 0.3092 > 0.05. This result shows that the independent board of commissioners has no significant effect on financial performance because it is not in accordance with the provisions of the t test (Prob < 0.05). The Audit Committee's last proxy (,X-3.) to financial performance (Y) has a probability value of 0.6615 > 0.05. This result is not significant because it does not comply with the provisions of the t test (Prob < 0.05). To test the effect of Leverage (,X-4.) on financial performance (Y) using the current ratio approach with probability values of 0.0000 < 0.05. In accordance with the provisions of the t test (partial) where if the probability value is smaller than 0.05 (Prob < 0.05) then the result of the t test is declared significant. The regression test results of panel data obtained using the common effect model method obtained the estimated result: R-squared Constant (C) = 0.466340. This means that the independent variable is able to explain the dependent variable by 46% while the remaining 54% is explained by other variables outside the model.
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