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: | https://repotest.untar.ac.id/id/eprint/43107 |
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