BOARD GOVERNANCE DAN LEVERAGE PERUSAHAAN : RESOURCE DEPENDENCE PERSPECTIVE

Resmana, Devika Noviana (2012) BOARD GOVERNANCE DAN LEVERAGE PERUSAHAAN : RESOURCE DEPENDENCE PERSPECTIVE. S1 thesis, Universitas Andalas.

Text (Skripsi Ful Teks) OK S1 Akuntansi 2012 Devika Noviana Resmana 0810532092.pdf - Published Version Restricted to Repository staff only Download (5MB)

Abstract

The aim of this research is to analyze the effect of board governance on leverage based on the Resource Dependence Theory perspective. Board governance is proxied by the size of the board of directors, the size of the board of commissioners, and the proportion of independent commissioners. The sample of this research consists of manufacturing companies listed on the Indonesia Stock Exchange (IDX). The sample was selected using a purposive sampling method based on predetermined criteria. This study uses secondary data obtained from the Indonesia Stock Exchange (IDX), specifically the financial reports of manufacturing companies for the period 2008–2010. This research is an empirical study. The data analysis methods used include descriptive statistics, trend analysis, dependent sample t-test, and multiple regression analysis. The results show that there is no difference in the leverage ratio between groups based on board size and the proportion of independent commissioners. However, after controlling for firm size, the researcher found a difference in leverage ratios between companies with large and small boards of commissioners. Overall, board governance does not have a significant effect on the leverage ratio.

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