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eISSN: 2581-9615 || CODEN: WJARAI || Impact Factor 8.2 ||  CrossRef DOI

Research and review articles are invited for publication in April 2026 (Volume 30, Issue 1) Submit manuscript

Evaluation of the Implementation of Good Corporate Governance at PT Yodya Karya (Persero) on the Impact of Financial Performance

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  • Evaluation of the Implementation of Good Corporate Governance at PT Yodya Karya (Persero) on the Impact of Financial Performance

Lily Permatasari *, Renny Maisyarah and Rahima Br. Purba

Department of Accounting, Faculty of Social Sciences, Universita Pembangunan Panca Budi, Indonesia.
 
Research Article
World Journal of Advanced Research and Reviews, 2024, 23(02), 869-879
Article DOI: 10.30574/wjarr.2024.23.2.2424
DOI url: https://doi.org/10.30574/wjarr.2024.23.2.2424
 
Received on 30 June 2024; revised on 08 August 2024; accepted on 10 August 2024
 
This study aims to assess the implementation of Good Corporate Governance (GCG) in PT Yodya Karya (Persero) and evaluate its impact on the company's financial performance. GCG is a set of principles and systems designed to guide and control companies, with the aim of increasing accountability and transparency and protecting the interests of stakeholders. This study uses a qualitative descriptive method with a case study approach. The data used includes the financial statements of PT Yodya Karya (Persero) from 2019 to 2023 as well as documentation related to the implementation of GCG in the company. Data analysis is carried out using GCG indicators such as board of directors structure, regulatory compliance, transparency, and risk management, which are then compared to the company's financial performance as measured through financial ratios such as ROA, ROE, and NPM. The results of the study show that the implementation of GCG at PT Yodya Karya (Persero) is quite good, although there are still several areas that need to be improved, such as increased transparency and risk management. From the analysis of financial performance, it was found that the implementation of GCG had a positive correlation with the improvement of the company's financial performance, which was shown by an increase in financial ratios during the research period. The conclusion of this study is that the implementation of good GCG can have a positive impact on the company's financial performance. Therefore, it is recommended that PT Yodya Karya (Persero) continue to improve and optimize the application of GCG principles to achieve better financial performance in the future.
 
Good Corporate Governance; Transparency; Accountability; Responsibility; Independence; Fairness; Financial Performance
 
https://wjarr.com/sites/default/files/fulltext_pdf/WJARR-2024-2424.pdf

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Lily Permatasari, Renny Maisyarah and Rahima Br. Purba. Evaluation of the Implementation of Good Corporate Governance at PT Yodya Karya (Persero) on the Impact of Financial Performance. World Journal of Advanced Research and Reviews, 2024, 23(2), 869-879. Article DOI: https://doi.org/10.30574/wjarr.2024.23.2.2424

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