Audit Committee, Independent Commissioners, Firm Size, andIntellectual Capital on The Financial Performance of State-Owned Enterprises

Audit Committee, Independent Commissioners, Firm Size, andIntellectual Capital on The Financial Performance of State-Owned Enterprises

Financial Performance, Audit Committee, Independent Commissioner, CompanySize,Intellectual Capital

Thisstudyaimstoexplaintheeffectofauditcommittees,independentcommissioners, company size, and intellectual capital on financial performance proxied byreturnonassets(ROA)inState-OwnedEnterprises(BUMN)companieslistedontheIndonesia Stock Exchange (IDX) in 2020-2022. The population used is all BUMN companieslisted on the IDX in 2020-2022. Sampling was selected using purposive sampling method, inordertoproducesamplesthatmatchtheresearchcriteria.Theresearchsampleamountedto15 companies with a period of 3 years to 45 total samples. The data collection technique wascarried out using the documentation method in the form of annual reports for the 2020-2022period obtained from the IDX and the company's official website. The data collected wasanalyzed with multiple linear regression using SPSS 26. The results of this study indicate thatthe audit committee variable has a significant value of 0.000 and a t value of 5.360, theindependent commissioner variable has a significant value of 0.670 and a t value of 0.430, thecompany size variable has a significant value of 0.000 and a t value of-7.375, and theintellectual capital variable has a significant value of 0.022 and a t value of -2.375, so that theonly accepted hypothesis is H1, namely, the audit committee affects financial performanceandotherhypothesesarerejected.Theauditcommittee,independentcommissioners,company size, and intellectual capital have an influence of 61.1%, while the rest with a valueof 38.9% can be influenced by other variables that are not in this research model.Auditcommittee variables affect financial performance, independent commissioners have no effecton financial performance, while company size and intellectual capital have a negative effecton financial performance. Future researchers are expected to add other variables besides thevariablesinthisstudyandcan use other more accurate measurement methods

ChintiaAndriani1*,DevicaPratiwi2,TheresiaOlivia3,AlbertSebastian4

https://dinastipub.org/DIJEFA/article/view/2995/1964

Universitas Bunda Mulia

04August2024

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English

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