i ABSTRAK
PENGARUH STRUKTUR CORPORATE GOVERNANCE DAN INTELLECTUAL CAPITAL (IC) TERHADAP KINERJA KEUANGAN
PERUSAHAAN INFRASTRUKTUR, UTILITAS, DAN TRANSPORTASI DI BURSA EFEK INDONESIA
Tujuan penelitian ini adalah untuk mendapatkan bukti empiris tentang pengaruh struktur Corporate Governance (dewan komisaris, dewan komisaris independen, dewan direksi, kepemilikan institusional) dan Intellectual Capital (Value Added Intellectual Coefficient/VAICTM) terhadap kinerja keuangan (ROA) baik secara parsial maupun simultan Jenis penelitian ini adalah penelitian kuantitatif dan jenis data yang digunakan adalah data sekunder kuantitatif yang berasal dari laporan keuangan perusahaan yang dipublikasikan oleh Bursa Efek Indonesia, buku-buku referensi, majalah, internet, dan literatur ilmiah lainnya yang berkaitan dengan topik bahasan penelitian.
Metode pengumpulan data dilakukan melalui studi dokumentasi dengan mengumpulkan data pendukung dari literatur, jurnal, dan buku-buku referensi untuk mendapatkan gambaran masalah yang diteliti serta mengumpulkan data sekunder yang relevan dari laporan keuangan yang dipublikasikan oleh Bursa Efek Indonesia. Metode analisis yang digunakan adalah analisis statistik deskriptif dan regresi linier berganda.
Hasil penelitian ini menunjukkan bahwa secara simultan (Uji-F) menunjukkan bahwa variabel dewan komisaris, dewan komisaris independen, dewan direksi, kepemilikan institusional, dan VAICTM secara bersama-sama memiliki pengaruh yang positif dan signifikan terhadap terhadap kinerja keuangan (ROA) perusahaan sektor infrastruktur, utilitas, dan transportasi di Bursa Efek Indonesia. Hasil uji secara parsial (Uji-t) menunjukkan bahwa variabel dewan komisaris, dewan direksi, dan kepemilikan institusional memiliki pengaruh yang positif dan tidak signifikan terhadap kinerja keuangan perusahaan (ROA), variabel dewan komisaris independen memiliki pengaruh yang negatif dan tidak signifikan terhadap kinerja keuangan perusahaan (ROA), sedangkan variabel VAICTM sebagai metode pengukuran Intellectual Capital (IC) memiliki pengaruh yang positif dan signifikan terhadap kinerja keuangan perusahaan (ROA).
Kata Kunci : Dewan Komisaris, Dewan Komisaris Independen, Dewan Direksi, Kepemilikan Institusional, Value Added Intellectual Coefficient (VAICTM), dan Kinerja Keuangan (ROA)
ii ABSTRACT
THE EFFECT OF THE STRUCTURE OF CORPORATE GOVERNANCE AND INTELLECTUAL CAPITAL (IC) TO FINANCIAL PERFORMANCE
OF INFRASTRUCTURE, UTILITY, AND TRANSPORTATION COMPANIES IN INDONESIA STOCK EXCHANGE
The purpose of this research is to obtain empirical evidence about the effect of the structure of Corporate Governance (board of commissioner, board of independent commissioner, board of director, institutional ownership) and Intellectual Capital (Value Added Intellectual Coefficient/VAICTM) to financial performance (ROA) both partially and simultaneously. The type of this research is quantitative research and the data which was used for this research is secondary data which came from financial report which was published by Indonesia Stocks Exchange, references of books, magazines, internet and the other science literatures related to the research.
The methods which were used for the data collection were through the documentation study to collect supporting data from literatures, journals and reference books to get ideas about the issues, and also gathered relevant secondary data from financial reports which were published by Indonesia Stock Exchange. The methods which were used for data analysis were descriptive analysis and multiple linear regression.
The result of this research shows that board of commissioner, board of independent commissioner, board of director, institutional ownership, and VAICTM simultaneously (F-Test) have a significant influence to the financial performance (ROA) of companies which are in the sector of infrastructure, utility, and transportation in the Indonesia Stock Exchange, and partially (t-Test) board of commissioner, board of director, and institutional ownership have positive influence but do not significantly affect the financial performance (ROA), board of independent commissioner has negative influence and also do not significantly affect the financial performance (ROA), while VAICTM as the method which was used to calculate the Intellectual Capital (IC) has positive influence and significantly affect the financial performance (ROA).
Keywords: Board of Commissioner, Board of Independent Commissioner, Board of Director, Institutional Ownership, Value Added Intellectual Coefficient (VAICTM), and Financial Performance (ROA)
