An Examination of the Progress Made in Good Corporate Governance (GCG) and Internal Control at State-Owned Companies (BUMN)
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"GLOBAL RESEARCH NETWORK" LLC (USA)
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Companies use GCG and internal controls to boost shareholder and financial performance, decrease risk related to self-interest, and boost investor trust, in addition to increasing high-satisfactory results by taking stakeholder interests into account. The State-Owned Enterprise (BUMN) operates in several different industries, including farming, shipping, telephones, retail, power generation, banking, and building. BUMN must consistently and sustainably implement good corporate governance and internal control as the operational foundation to improve corporate accountability in realizing long-term shareholder value while also considering the interests of stakeholders, others, and operating in accordance with applicable laws, regulations, and ethical principles. Focusing on banking state-owned enterprises like Bank Rakyat Indonesia (BRI), Bank Negara Indonesia (BNI), Bank Tabungan Negara (BTN), and Bank Mandiri, this research seeks to analyze the effects of good corporate governance and internal control on the performances of State-Owned Companies (BUMN) listed on the Indonesia Stock Exchange (IDX). The study's focus is on excellent corporate governance, internal control, and BUMN performance, and it's an experimental one. The results show that good bank governance and internal control have a moderate impact on Bank Mandiri's performance but no substantial impact on Bank BNI's, and that they have no impact at all on the performance of Bank BRI and BTN
Keywords
BUMN, Company Performance, Financial Sector, Good Corporate Governance, Internal Control