PENGARUH CORPORATE GOVERNANCE DAN OWNERSHIP STRUCTURE TERHADAP AGENCY COST PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EEFEK INDONESIA Abstraksi / Abstracts:
The purpose of this research is to know about the influence corporate governance and ownership structure are measured in board size, board independence, remuneration structure, managerial ownership, and external ownership throught agency cost. Agency cost measurement throught asset utilization ratio. This research focus on manufacturing company which listed in Indonesia Stock Exchange on 2011-2013 period. Method used purpose random sampling and got 49 companies in 3 years. Agency cost measurement throught asset utilization ratio. The result of this research shows board size, remuneration structure, managerial ownership, and external ownership have no influence in agency cost. Whereas board size had negative influence in asset utilization ratio, which big board independence indicates highly agency cost. This allows companies to be more selective in choosing members of the board's independence in order to process better oversight of the management.
Kata Kunci / Keywords:
Corporate governance, ownership structure, agency cost.
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