MEKANISME GOOD CORPORATE GOVERNANCE, LEVERAGE DAN KINERJA KEUANGAN PERUSAHAAN
The purpose of this research is to explain an empirical evidence about the effect of Good
Corporate Governance (GCG) mechanism and leverage on financial performance, and define
which of the most important variables having powerful impact on the firm financial performance.
Good Corporate Governance mechanism measured by using board gender, board of directors,
board of commissioner, audit committee, and institutional ownership variables. Leverage
measured by using Debt to Equity Ratio (DER) variable, while financial performance measured
by using Return on Equity (ROE) variable. This research is using secondary data, such as the
financial report, idx statistic report, and other related information of financial industry listed in
Indonesia Stock Exchange for the period of 2011 to 2015. The sample used in this research were
23 companies which selected by using purposive sampling method. In this study, panel data
regression methods have been conducted to explain the effect of GCG and leverage on the firm
The results show that board gender has a positive and significant effect on the firm
financial performance. Meanwhile, boards of directors, board of commissioner, audit committee
and leverage haveno significant effect on the firm financial performance. Moreover, institutional
ownership has a positive effect and no significant on the firm financial performance.