CORPORATE GOVERNANCE STRENGTH AND STOCK MARKET LIQUIDITY IN INDONESIA

Resya, Rahma Shella (2019) CORPORATE GOVERNANCE STRENGTH AND STOCK MARKET LIQUIDITY IN INDONESIA. S1 thesis, UAJY.

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Abstract

The research examines the impact of Good Corporate Governance(GCG) to the liquidity stock market. By using the criteria that has been specified, then obtained a 54 samples that are taken from companies that is consistent in LQ 45 during 2016-2017. Good Corporate Governance is measured by 3 mechanisms, size of independent commissioners, size of audit committee and audit quality by using a big four audit, while liquidity is measured by amihud liquidity. The result shows that there is no positive influence of Good Corporate Governance that measured by independent commissioner and audit quality in stock market liquidity. And there is negative influence of Good Corporate Governance that measured by audit committee in stock market liquidity within the non-financial company in the LQ45 indexes periods. For future research can use the other measurement of GCG to expect increase the relevance and accuracy of variables in describing the strength of corporate governance towards stock market liquidity. The result of this research can help investor in making decision in their investment action.

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