ii ABSTRAK
Penelitian ini bertujuan untuk menguji pengaruh mekanisme tata kelola perusahaan dan kepemilikan manajerial terhadap agency cost. Agency Cost diukur dengan Asset Turn Over (ATO).
Penelitian ini menggunakan data sekunder, yaitu perusahaan property yang tercatat di Bursa Efek Indonesia. Sampel yang digunakan sebanyak 39 perusahaan property dengan periode tahun 2012 hingga tahun 2014 melalui metode purposive sampling. Metode analisis yang digunakan adalah regresi berganda (Multiple Regression Analysis) dengan tingkat signifikansi 5% dengan bantuan program computer SPSS Versi 20.
Hasil penelitian ini menunjukkan ukuran dewan komisaris dan komisaris independen berpengaruh secara signifikan terhadap agency cost. Sedangkan dewan direksi, komite audit dan kepemilikan manajerial tidak berpengaruh signifikan terhadap agency cost.
Kata Kunci : Mekanisme Tata Kelola Perusahaan, Kepemilikan Manajerial,
Agency Cost.
iii ABSTRACT
The purpose of this research is to analyze the influence of corporate governance and managerial ownership to the agency cost. Agency cost is measured by asset turn over (ATO).
This study uses secondary data were taken from the property companies which are listed in Bursa Efek Indonesia. There are 39 property companies selected as study samples on the period of 2012 until 2014 based on purposive sampling method. The analytical method for this study uses Multiple Regression Analysis in the significance level of 5% with the aid of SPSS version 20 computer program.
The result show that the size of the board of commissioners and the board of independent commissioners have significant influence to the agency cost. Meanwhile, the size of the board of directions, size of the audit committee and managerial ownership did not have significant influence to the agency cost
Keywords : Corporate Governance Mechanisms, Managerial Ownership, Agency Cost.
