Proceedings of the 10th Padang International Conference on Education, Economics, Business and Accounting (PICEEBA-2 2022)

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The Impact of Good Corporate Governance on Manufacturing Firm Performance

Authors
Dicky Guspinald1, *, Erni Masdupi1
1Universitas Negeri Padang, Padang, Indonesia
*Corresponding author. Email: dguspinady@gmail.com
Corresponding Author
Dicky Guspinald
Available Online 16 September 2025.
DOI
10.2991/978-94-6463-839-4_96How to use a DOI?
Keywords
Firm Performance; Board of Commissioners; Independent Commissioners; Board of Directors; Institutional Ownership and Firm Size
Abstract

Manufacturing is the largest sector on the Indonesia Stock Exchange (IDX). One of the objectives of entrepreneurship is to improve the company’s performance, improve the welfare of managers, or maximize the wealth of shareholders Investors always expect a return on their investment, so they also pay attention to a company’s performance. To achieve this goal, investors must pay attention to the factors that affect a company when determining its performance. Therefore, this study aims to list firm size as a control variable for Indonesia Stock Exchange (IDX) from 2018 to 2022 and analyze the impact of good corporate governance on firm performance. The population of this study includes all manufacturing companies listed on IDX between 2018 and 2022, and the sample was selected based on purposive sampling method, with a sample of 275 companies across the years of observation. This study uses multiple regression as the analysis. As a result, it was found that the committee had a negative impact on the corporate performance of IDX-listed manufacturing companies from 2018 to 2022. And while the board of directors does not influence corporate performance in manufacturing companies, independent boards of directors and institutional investors do influence corporate performance in manufacturing companies.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 10th Padang International Conference on Education, Economics, Business and Accounting (PICEEBA-2 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
16 September 2025
ISBN
978-94-6463-839-4
ISSN
2352-5428
DOI
10.2991/978-94-6463-839-4_96How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Dicky Guspinald
AU  - Erni Masdupi
PY  - 2025
DA  - 2025/09/16
TI  - The Impact of Good Corporate Governance on Manufacturing Firm Performance
BT  - Proceedings of the 10th Padang International Conference on Education, Economics, Business and Accounting (PICEEBA-2 2022)
PB  - Atlantis Press
SP  - 1169
EP  - 1178
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-839-4_96
DO  - 10.2991/978-94-6463-839-4_96
ID  - Guspinald2025
ER  -