JANUARTI, Indira (2014) The effect of Good Corporate Goverance Implementation and Proportions of State Ownership on Banking Firms Market Value. International Journal of Business, Economics and Law, 5 (1). pp. 28-37. ISSN 2289-1552

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Abstract

The purpose of this paper are to examines the im1m t of GCG implementanon and proportion of government ownership on market value of listed bwiki11g companies in Indonesia. GCG implementation index is constructed to summarize the annual repon information conuiined in GCG impfemeltlatiom varlabie using criteria of annual report award (ARA.}. The paper presents
data for iisted bank in Indonesia from 20{)9 up to 2013 which are u: ed fore. timating market value. Eview.f was med to analyze the research purpose, that consist are descriptive statistics and weiglned feast square-fixed efect method of panel data. Findings revealed that conditions of G · G index impiemensation on banking companies is well enough, nevertheless the gaps of banks is wide enough. The resul: of estimation revealed that there is a positive anti ,l'ign.ificant relatiariship between the explanatory variables of G G implement ation index and proportion of stale ownership on markes value. Based on this research, a policy that need· to be taken by the reievenr panie« in the developmerit of corporate governance 011 the banking sector is expected to be directed 10 the purpose lo overcome rile implemen1mim1 of GCG.

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