The firm shall take great care in posting financial statements and other information about its performances since it will be used by investors to make investment decisions. Because of the significance of earnings information as a foundation for anyone considering an investment decision, company managers do their utmost to ensure that the profits mentioned in the publication's annual report offer a good signal to prospective investors to invest. Corporate governance serves to safeguard the shareholder's interests and business owners.
This research mainly focuses on the analysis of the impact of good corporate governance consisting of Board of Directors, Independent Commissioners, as well as Audit Committee on Stock Returns either partially or simultaneously..
This research's population consists of Non-Cyclical sector enterprises indexed LQ45 2017-2021. The sample methodology utilized in this research was purposive sampling. The sample size for this research was seven firms, with a six-month research period. In this research, the data was processed quantitatively using descriptive statistical analysis, panel data regression analysis, the classical assumption test (normality test, multicollinearity test, and heteroscedasticity test), and hypothesis testing using the coefficient of determination test, statistical t test, and statistical F test..
According to the findings of this research, independent commissioners, audit committees, and boards of directors all had no impact on stock returns at the same time. While this is true, there are no independent variables that impact stock returns. Based on the findings of this research, more studies are likely to use all firms listed on the IDX as well as other characteristics not explored in this research. Consider the liquidity and profitability factors.
Keywords: Stock Returns, Board of Directors, Independent Commissioner, Audit Committee.
The firm shall take great care in posting financial statements and other information about its performances since it will be used by investors to make investment decisions. Because of the significance of earnings information as a foundation for anyone considering an investment decision, company managers do their utmost to ensure that the profits mentioned in the publication's annual report offer a good signal to prospective investors to invest. Corporate governance serves to safeguard the shareholder's interests and business owners.
This research mainly focuses on the analysis of the impact of good corporate governance consisting of Board of Directors, Independent Commissioners, as well as Audit Committee on Stock Returns either partially or simultaneously..
This research's population consists of Non-Cyclical sector enterprises indexed LQ45 2017-2021. The sample methodology utilized in this research was purposive sampling. The sample size for this research was seven firms, with a six-month research period. In this research, the data was processed quantitatively using descriptive statistical analysis, panel data regression analysis, the classical assumption test (normality test, multicollinearity test, and heteroscedasticity test), and hypothesis testing using the coefficient of determination test, statistical t test, and statistical F test..
According to the findings of this research, independent commissioners, audit committees, and boards of directors all had no impact on stock returns at the same time. While this is true, there are no independent variables that impact stock returns. Based on the findings of this research, more studies are likely to use all firms listed on the IDX as well as other characteristics not explored in this research. Consider the liquidity and profitability factors.
Keywords: Stock Returns, Board of Directors, Independent Commissioner, Audit Committee.