Tata Kelola Perusahaan dan Biaya Agensi: Studi Kasus pada Badan Usaha Milik Daerah (BUMD) Provinsi DKI Jakarta

Nuryadi Wijiharjono, Dicky Chandra and Nur Hadiyazid Rachman
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Nuryadi Wijiharjono: Universitas Muhammadiyah Prof. DR. Hamka (UHAMKA)

No mcqv7, OSF Preprints from Center for Open Science

Abstract: The purpose of this study is to investigate the effect of corporate governance mechanisms using agency costs in state-owned companies (BUMD). BUMD is formed by the local government, has a dual role, namely to serve the community as well as make a profit. Not many BUMDs are able to develop in accordance with this assistance. Agency problems arise when the agent deviates from the interests of the principal. Local government control over BUMD is needed so that can be explained in the interests of the principal. The results of the Panel Data Regression Analysis revealed that the variables that were able to reduce agency costs at the expense ratio proxy were the number of directors, total sales, total assets. These three variables agency cost, while the variable that can increase agency costs on the proxies of asset utilization ratios and Return On Assets (ROA) is total sales. If the total sales variables is increasing, it will increase the ratio of asset initialization and ROA.

Date: 2022-04-13
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Persistent link: https://EconPapers.repec.org/RePEc:osf:osfxxx:mcqv7

DOI: 10.31219/osf.io/mcqv7

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