PENGARUH CORPORATE GOVERNANCE TERHADAP INVESTMENT EFFICIENCY DENGAN INDUSTRY COMPETITION SEBAGAI VARIABEL MODERASI

LUO, FENNY (2023) PENGARUH CORPORATE GOVERNANCE TERHADAP INVESTMENT EFFICIENCY DENGAN INDUSTRY COMPETITION SEBAGAI VARIABEL MODERASI. Skripsi thesis, Universitas Tarumanagara.

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Abstract

PENGARUH CORPORATE GOVENANCE TERHADAP INVESTMENT EFFICIENCY DENGAN INDUSTRY COMPETITION SEBAGAI VARIABEL MODERASI Abstrak: Penelitian ini bertujuan untuk mengetahui pengaruh corporate governance terhadap investment efficiency dan peran moderasi industry competition pada perusahaan sektor keuangan yang termasuk dalam tiga kategori teratas Indonesia’s Most Trusted Company Award dari Indonesian Institute for Corporate Directorship di antara tahun 2015 hingga 2021. Penelitian ini menggunakan laporan keuangan 29 perusahaan sebagai sampel data sekunder yang dipilih dengan metode purposive sampling dan diolah menggunakan analisis regresi berganda dan moderated regression analysis dengan program SPSS 26. Hasil penelitian ini menunjukkan bahwa tidak terdapat pengaruh signifikan yang dimiliki corporate governance baik terhadap investment efficiency, maupun subsampel overinvestment dan underinvestment. Selain itu, peran moderasi industry competition terbukti memperkuat pengaruh yang dimiliki corporate governance terhadap investment efficiency. Implikasi dari penelitian ini adalah perlunya meningkatkan peran corporate governance untuk meningkatkan efisiensi dari setiap keputusan investasi yang diambil oleh agent serta peningkatan kesadaran para investor untuk menganggap tingkat persaingan suatu perusahaan sebagai faktor yang perlu dipertimbangkan sebelum membuat keputusan untuk berinvestasi pada perusahaan tersebut. Kata kunci: Corporate Governance, Investment Efficiency, Industry Competition, Overinvestment, Underinvestment Abstract: This study aims to determine the effect of corporate governance on investment efficiency and the role of industry competition in financial sector companies that got into the top three categories of Indonesia’s Most Trusted Company Award from the Indonesian Institute for Corporate Directorship in the years between 2015 and 2021. This research uses the financial reports of 29 companies as secondary data samples, selected using the purposive sampling method and examined using multiple regression analysis and moderated regression analysis assisted by the SPSS 26 program. The results of this research indicate that there is no significant effect that corporate governance has on either investment efficiency, overinvestment or underinvestment. Furthermore, the moderating role of industry competition is proven to strengthen the effect that corporate governance has on investment efficiency. The implication of this study is the need to improve the role of corporate governance to increase the efficiency of every decision made by the agents and increase the awareness of the investors of the need to take a company’s industry competition level as a point to consider before making the decision to invest in that company. Keywords: Corporate Governance, Investment Efficiency, Industry Competition, Overinvestment, Underinvestment

Item Type: Thesis (Skripsi)
Subjects: Skripsi/Tugas Akhir
Skripsi/Tugas Akhir > Fakultas Ekonomi
Divisions: Fakultas Ekonomi > Akuntansi
Depositing User: FE Perpus
Date Deposited: 04 Mar 2024 03:25
Last Modified: 04 Mar 2024 03:25
URI: http://repository.untar.ac.id/id/eprint/43107

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