ABSTRAK
Penelitian ini dimaksudkan untuk mengetahui dampak corporate governance yang terdiri dari corporate governance index, kepemilikan institusional, board directors dan board intensity terhadap perusahaan – perusahaan yang sudah dikategorikan baik dalam peringkat corporate governance yang dirilis oleh SWA. Populasi dari penelitian ini adalah seluruh perusahaan yang dikategorikan baik atau perusahaan yang masuk peringkat periode 2011 – 2014. Penentuan sampel dilakukan dengan teknik purposive sampling dan sampel 12 perusahaan dipilih berdasarkan konsistensi selama 2011 – 2014 selalu masuk peringkat indeks dan dikategorikan baik. Hasil pengujian menunjukkan bahwa corporate governance index di Indonesia berpengaruh positif tetapi tidak signifikan terhadap risiko investasi perusahaan, berbeda dengan karakteristik tata kelola perusahaan itu sendiri yang menunjukkan bahwa kepemilikan institusional menunjukkan pengaruh negatif signifikan. Board directors juga menunjukkan pengaruh positif signifikan, serta board intensity memiliki pengaruh positif signifikan terhadap risiko investasi perusahaan.
Kata Kunci : Corporate Governance Index, Risiko Investasi Perusahaan
ABSTRACT
This study aimed to determine the impact of corporate governance there are consist of corporate governance index, institutional ownership, board directors and board intensity to the companies that is already considered good corporate governance in the rankings released by SWA. The population of this research are all of companies categorized as good which entered the rankings periods 2011 until 2014. The samples were conducted with a purposive sampling techniques and sample 12 companies were selected based consistency during 2011 until 2014 regularly rank index. The test results showed that the corporate governance index in Indonesia is positive but it has no significant effect on the risk of the investment firm, in contrast to the characteristics of corporate governance itself, which shows that institutional ownership showed a significant negative effect. Board directors also showed significant positive effects, as well as the intensity board has a significant positive effect on the company's investment risk.
Keywords : Corporate Governance Index, Corporate Investment Risk