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TABLE OF CONTENTS INFORMATION
PAGE Cover
i Certification From Supervisor
ii Certification of Comprehensive Exam
iii Certification of Thesis Examination
iv Sheet Statement Authenticity Scientific Work
vi Curriculum Vitae
vii Abstract
viii Abstrak
x Foreword
xiv Table of Content
xvi List of Tables
xvii List of Appendix
xviii
Chapter I INTRODUCTION
A. Background 1
B. Problem Formulation 7
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C. Research Objectives 8
D. Research Benefits 9
Chapter II LITERATURE REVIEW
A. Theory Development 10
1. Theory Agency 10
2. Good Corporate Governances 12
a. The Size of Board of Commissioner 17
b. The Size of Board of Director 18
c. The Size of Board of Independent 21
d. The Ownership Structures 22
i. Managerial Ownership 23
ii. Institutional Ownership 24
e. Firm Performance 25
B. Previous Research 26
C. Theoretical Frameworks 36
D. Hypothesis Development 38
Chapter III RESEARCH METHODOLOGY
A. Scope of Research 42
B. Sampling Method 43
C. Data Collection Method 44
D. Analyze Method 45
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1. Descriptive Statistical Analysis 45
2. Classical Assumption Test 46
a. Normality Test 46
b. Multicollinearity Test 46
c. Autocorrelation Test 47
d. Heteroscedasticity Test 48
3. Coefficient of Determination R2 48
4. Multiple Regression Analysis 49
5. Hypothesis Testing 51
a. Partial Significance Test t-test 51
b. Simultaneous Significance Testing f-test 51
6. Operational Variables 52
a. Independent Variables 52
b. Dependent Variable 53
Chapter IV ANALYSIS AND DISCUSSION
A. General Description of Research Object 55
B. Analysis and Discussion 57
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1. Descriptive statistic 57
2. Classic Assumption Test 59
a. The Result of Normality Test 59
b. The Result of Multicollinearity Test 61
c. The Result of Autocorrelation Test 61
d. The Result of Heterocedasticity Test 63
3. Coefficient of Determination R2 64
7. Multiple Regression Analysis 65
8. Hypothesis Testing Result 67
a. Partial Significance Test t-test 67
b. Simultaneous Significance Testing f-test 73
c. Hypothesis Testing Result 74
Chapter V CONCLUSIONS AND RECOMMENDATIONS
A. Conclusion 75
B. Recommendation 76
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REFERENCE 77
APPENDIX I 83
APPENDIX II 107
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LIST OF TABLES PAGE
Table 2.1 The Relevant Previous Research 32
Table 2.1 Theoretical Framework 36
Table 3.1 Criteria of Correlation Coefficient 49
Table 3.2 Summary of Variable Operational Research 55
Table 4.1 Sample Selection Process 56
Table 4.2 Descriptive Statistics 57
Table 4.3 Normal P-P Plot of Regression Standardized Residual 59
Table 4.4 Normality Test by One-Sample Kolmogorov-Smirnov Test 60
Table 4.5 Results Multicollinearity Test 61
Table 4.6 Result Autocorrelation Durbin Watson test 62
Table 4.7 Durbin Watson Test Bound 62
Table 4.8 Scatter Plot 63
Table 4.9 Coefficient Determination 64
Table 4.10 Regression Analysis 65
Table 4.11 Partial Test Results t-Test 65
Table 4.12 Simultaneous Test Results f-Test 73
Table 4.13 The Hypothesis Test Result 74
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LIST OF APPENDICES PAGE
Appendix I 83
Appendix II 107
Table 4.2 Descriptive Statistics 107
Table 4.3 Normal P-P Plot of Regression Standardized Residual 107 Table 4.4 Normality Test by One-Sample Kolmogorov-Smirnov Test 108
Table 4.5 Results Multicollinearity Test 108
Table 4.6 Result Autocorrelation Durbin Watson test 109
Table 4.7 Durbin Watson Test Bound 110
Table 4.8 Scatter Plot 110
Table 4.11 Partial Test Results t-Test 110
Table 4.12 Simultaneous Test Results f-Test 111
1
CHAPTER I INTRODUCTION
