Analisis Pengaruh Penerapan Good Corporate Governance terhadap Agency Costs
RIZKAHA, RIZQIANA (Pembimbing: Mahfud Sholihin, Dr., M.Acc.), Mahfud Sholihin, Dr., M.Acc.
Skripsi ini meneliti pengaruh tingkat penerapan good corporate governance terhadap tingkat agency costs perusahaan. Tingkat penerapan good corporate governance diukur menggunakan indeks corporate governance atau corporate governance perception index (CGPI) yang dibuat oleh lembaga indonesian institute for corporate governance (IICG), sedangkan tingkat agency costs perusahaan diukur dengan mengunakan asset turnover dan operating expenses perusahaan yang diambil dari buku indonesian capital market directory (ICMD) yang dibuat oleh institute of economics and financial research (ECFIN).
Sampel yang digunakan skripsi ini diambil dari tahun 2001 sampai tahun 2008. Sampel skripsi ini dianalisa menggunakan analisis regresi berganda dalam SPSS 15.0 untuk mengetahui hubungan antara variabel independen (good corporate governance) dan variabel dependen (agency costs).
Hasil analisa menyebutkan bahwa tingkat penerapan good corporate governance (CGPI) tidak memiliki pengaruh signifikan terhadap tingkat agency costs perusahaan (asset turnover dan operating expenses). Hal ini mengindikasikan bahwa perubahan yang terjadi dalam penerapan good corporate goverance tidak banyak mempengaruhi perubahan tingkat agency costs perusahaan.
This thesis research the effect of good corporate governance application grade to a firms agency costs grade. Good corporate governance application grade was measured with corporate governance index or corporate governance perception index (CGPI) that made by indonesian institute for corporate governance (IICG), while the firms agency costs grade was measured with asset turnover and operating expenses from indonesian capital market directory book (ICMD) that made by institute of economics and financial research (ECFIN).
This thesis use a sample from 2001 to 2008. This thesis sample was analyzed with multiple regression method in SPSS 15.0 to know the relation between independent variable (good corporate governance) dan dependent variable (agency costs).
The analysis result mention that good corporate governance grade (CGPI) have no significance effect to firms agency costs grade (asset turnover and operating expenses). This indicate that the change of good corporate application have a little effect to firms agency costs grade change.
Kata Kunci : Corporate governance perception index, agency costs, asset turnover, operating expenses.
