THE EFFECT OF LEVERAGE AND GOOD CORPORATE GOVERNANCE ON FINANCIAL PERFORMANCE IN STATE-OWNED BANKING COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE
Keywords:
GCG, Leverage, ROE, State-Owned Banks, financial standingAbstract
Investigates effect of leverage and GCG on financial standing of state-owned banks listed on BEI. Financial standing is measured using ROE, while leverage is proxied by DER. GCG is represented by executive ownership, BOD, BOC, also audit committee. Sttudy employs a quantitative approach with a causal associative research design. Sample consists of four state-owned banks observed over 2017–2024 period, yielding 32 firm-year observations. Data were analyzed using multiple linear regression with SPSS.
Leverage also GCG, when tested simultaneously, don’t conveying strong on ROE. Partially, executive ownership, BOD, BOC, also audit committee also show no significant influence on financial standing. However, leverage is found to have a negative and significant effect on ROE, suggesting that higher debt levels tend to reduce bank profitability. R² reveals that independent variables explain only a limited proportion of variation in ROE.
These findings suggest that current implementation of GCG mechanisms in state-owned banks has not yet effectively contributed to improving financial standing, whereas leverage management remains a critical factor in sustaining profitability.
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