The Impact of Good Corporate Governance on Manufacturing Firm Performance

Dicky Guspinald () and Erni Masdupi
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Dicky Guspinald: Universitas Negeri Padang
Erni Masdupi: Universitas Negeri Padang

A chapter in Proceedings of the 10th Padang International Conference on Education, Economics, Business and Accounting (PICEEBA-10 2022), 2025, pp 1169-1178 from Springer

Abstract: Abstract Manufacturing is the largest sector on the Indonesia Stock Exchange (IDX). One of the objectives of entrepreneurship is to improve the company’s performance, improve the welfare of managers, or maximize the wealth of shareholders Investors always expect a return on their investment, so they also pay attention to a company’s performance. To achieve this goal, investors must pay attention to the factors that affect a company when determining its performance. Therefore, this study aims to list firm size as a control variable for Indonesia Stock Exchange (IDX) from 2018 to 2022 and analyze the impact of good corporate governance on firm performance. The population of this study includes all manufacturing companies listed on IDX between 2018 and 2022, and the sample was selected based on purposive sampling method, with a sample of 275 companies across the years of observation. This study uses multiple regression as the analysis. As a result, it was found that the committee had a negative impact on the corporate performance of IDX-listed manufacturing companies from 2018 to 2022. And while the board of directors does not influence corporate performance in manufacturing companies, independent boards of directors and institutional investors do influence corporate performance in manufacturing companies.

Keywords: Firm Performance; Board of Commissioners; Independent Commissioners; Board of Directors; Institutional Ownership and Firm Size (search for similar items in EconPapers)
Date: 2025
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DOI: 10.2991/978-94-6463-839-4_96

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