Rahmawati, Fika Idah (2017) The Influence Of Good Corporate Governance Practice On The Stock Price (Study On Company Of LQ45 Index In Indonesia Stock Exchange During 2012-2016). Sarjana thesis, Universitas Brawijaya.

Indonesian Abstract

This study choose problem and do analysis for knowing and explaining the partial influences about good corporate governance (GCG) practice on the stock price. This study specifically analysis for the influence of GCG practice on stock price of LQ45 company that listed in Indonesia Stock Exchange. The indicator that used to evaluate the GCG based on theoretical (consideration based on previous research) and government policy. This study used explanatory research with quantitative approach, choosing the sample with purposive sampling, generating 23 companies. Technic of data collection that used is documentary with data analysis technique is partial least square (PLS). The results of this study indicate of the six indicators that are the board of commissioner, independent commissioner, audit committee, financial performance, managerial ownership, and independent director. Based on statistic results, there are 3 indicators that have significant influence on the stock price of company of index LQ45 that are the board of commissioner, independent commissioner and managerial ownership. According from determinant R2 test show variability of dependent variable value of firm can be explain from independent variable from PLS model about 63.7 %, the percentage out from R2 value is 36.3 % and that can be affect dependent variable. Further for next study is expected to add other independent variables that influential on stock price such as external auditors, internal auditors and corporate secretary recommended based on government policies related to the implementation of good corporate governance in Indonesia. Based on statistic results can be concluded that this study can provide information and recommendation to companies, investors, analysts and investment institutions in making investment decisions on the company stock in the company of LQ45 index. The result of this study for government should try to re-evaluate or improve the indicator that not significant namely audit committee, financial performance, and independent director through consideration that related to the good corporate governance policy. Further next study is also expected to add period of research and do research between index so that not only research on company of index LQ45.

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Item Type: Thesis (Sarjana)
Identification Number: SKR/FIA/2017/915/051710346
Uncontrolled Keywords: Good Corporate Governance, Stock Price, LQ45
Subjects: 300 Social sciences > 332 Financial economics > 332.6 Investment > 332.64 Exchange of securities and commodities; speculation > 332.642 Exchange of securities
Divisions: Fakultas Ilmu Administrasi > Ilmu Administrasi Bisnis / Niaga
Depositing User: Kustati
URI: http://repository.ub.ac.id/id/eprint/5298
Rahmawati, Fika Idah.pdf

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