The Effect of Good Corporate Governance, Size of Firm, and Leverage on Financial Performance of Listed Property and Real Estate Companies in Indonesia
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Abstract
The purpose of this study was to examine the determinants of financial performance of Indonesian property and real estate companies listed on the country’s Stock Exchange. The effects of good corporate governance, firm size, and leverage were examined (135 observations) during the period from 2015 to 2019. The research method used included a causal quantitative approach and multiple linear regression analysis. The results showed that the size of the audit committee had a significant negative effect on the company's financial performance; no other factor investigated exerted significant effects. Indonesian companies might consider minimizing the number of audit committee members in order to realize higher profits.
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