IMPACT OF CORPORATE GOVERNANCE MECHANISMS ON FIRM PERFORMANCE; EVIDENCE FROM INDONESIA'S STATE-OWNED ENTERPRISED (SOES).

SARI, DEWI YULIA (2010) IMPACT OF CORPORATE GOVERNANCE MECHANISMS ON FIRM PERFORMANCE; EVIDENCE FROM INDONESIA'S STATE-OWNED ENTERPRISED (SOES). Other thesis, FAKULTAS EKONOMI.

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Abstract

This study aimed for identifying the effect of corporate governance mechanisms on firm performance in Indonesia's SOE's. Generally, we can conclude that Indonesian BUMN still has to design corporate governance mechanisms on Indonesia's state - ownership Enterprises, performonce, measured by return on assets, return on equity and sales - employee ratio. The units of analysis are 3I Indonesia's stote - ownership Enterprises for period of 2003 - 2006. The study results are asfollow: (1) in contrast with previous researches, partially it is found that there is a positive significant influence of board of commissioner's size onfirm performance. (2) There is no significant influence of Board of commissioners'composition to firm performance. (3) Averagely, government owner ship percentage has negative significant impact on more optimal corporate governance mechanisms system that could encourage the company to hove eficient governance in order to increase the -firm's performance. This is so crucial because board of commissioner and ownership structure are some of primary element in corporate governance, and corporate governance it self is really needed to maximizefirm,s value

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