Analysis of Good Corporate Governance in Increasing Investor Trust
DOI:
https://doi.org/10.47134/jampk.v2i4.669Keywords:
Good Corporate Governance, Investor Trust, Corporate Governance, Transparency, AccountabilityAbstract
This study aims to examine in depth the role of Good Corporate Governance (GCG) in increasing investor confidence in public companies. Investor trust is an important element that can influence investment decisions and long-term loyalty. Using a descriptive qualitative approach through a literature study, this research collected secondary data from various sources such as scientific journals, books, international regulatory reports (OECD), as well as local policies from the Financial Services Authority (OJK). The analysis was conducted by highlighting how the implementation of GCG principles-such as transparency, accountability, responsibility, independence, and fairness-contributes to improving managerial integrity and corporate credibility in the eyes of investors. The results show that companies that consistently implement GCG principles have higher attractiveness in the capital market, and are able to create a more stable and sustainable investment climate.
References
Achim, M.V. (2023). The Impact of Corporate Governance on Intellectual Capital. Empirical Evidence from Romanian Companies. European Journal of Interdisciplinary Studies, 15(1), 156–174, ISSN 2067-3795. https://doi.org/10.24818/ejis.2023.12
Bhandari, A. (2022). The relationship between stock repurchase completion rates, firm reputation and financial reporting quality: a commitment-trust theory perspective. Accounting and Finance, 62(2), 2687–2724, ISSN 0810-5391. https://doi.org/10.1111/acfi.12879
Budiantoro, H., & Arganeta, I. (2022). Pengaruh Investor Confidence yang Dimoderasi oleh Good Corporate Governance terhadap Keputusan Investasi (Studi pada Perusahaan Pertambangan yang Terdaftar di Bursa Efek Indonesia Periode 2016–2020). Syntax Literate: Jurnal Ilmiah Indonesia, 7(6), 2763–2773. https://doi.org/10.36418/syntax-literate.v7i6.7418
Budiantoro, R., & Arganeta, A. (2022). Pengaruh Good Corporate Governance terhadap Loyalitas Investor pada Perusahaan Publik di Indonesia. Jurnal Akuntansi dan Keuangan, 14(2), 115–127.
Budiantoro, R., & Arganeta, A. (2022). Pengaruh Prinsip Fairness dalam Good Corporate Governance terhadap Kepercayaan Investor di Indonesia. Jurnal Akuntansi dan Keuangan, 17(2), 134–142.
Chairina, C. (2023). Green Governance and Sustainability Report Quality: The Moderating Role of Sustainability Commitment in ASEAN Countries. Economies, 11(1), ISSN 2227-7099. https://doi.org/10.3390/economies11010027
Hidayat, A. (2022). Analisis Independensi Dewan Komisaris dan Pengaruhnya terhadap Kepercayaan Investor di Pasar Modal Indonesia. Jurnal Ilmu Ekonomi dan Bisnis Islam, 10(1), 51–63.
Hidayat, T. (2022). Independensi Dewan Komisaris dan Komite Audit dalam Menjamin Kepercayaan Investor. Jurnal GCG dan Keuangan, 14(1), 21–30.
Julianto, H., & Sudirgo, A. (2024). Good Corporate Governance sebagai Faktor Daya Tarik Investor Asing di Indonesia. Jurnal Manajemen dan Keuangan, 16(1), 23–38.
Julianto, R., & Sudirgo, W. (2024). Tanggung Jawab Sosial dan Kepatuhan Regulasi: Pilar Kepercayaan Investor terhadap Perusahaan Publik. Jurnal Etika Bisnis Indonesia, 10(1), 55–67.
Julianto, V. C., & Sudirgo, T. (2024). Pengaruh GCG terhadap Firm Value dengan Firm Size sebagai Variabel Kontrol. Jurnal Paradigma Akuntansi, 6(1), 89–101. https://journal.untar.ac.id/index.php/jpa/article/view/28740
Kartika, I. (2023). Good Corporate Governance and Firm Value: The Mediating Role of Internet Financial Reporting. Management and Accounting Review, 22(2), 123–147, ISSN 2600-7975.
La Porta, R., Lopez-de-Silanes, F., Shleifer, A., & Vishny, R. W. (2000). Investor Protection and Corporate Governance. Journal of Financial Economics, 58(1–2), 3–27. https://doi.org/10.1016/S0304-405X(00)00065-9
Lemos, K. (2022). Corporate Governance Disclosure: Empirical Evidence in the Portuguese Capital Market. Proceedings of the European Conference on Management, Leadership and Governance, 2022, 247–255, ISSN 2048-9021.
Meianti, A., Imsar, & Jannah, N. (2023). Pengaruh Good Corporate Governance terhadap Nilai Perusahaan dengan Kinerja Keuangan sebagai Variabel Moderasi. JEKPEND: Jurnal Ekonomi dan Pendidikan, 6(2), 88–97. https://ojs.unm.ac.id/JEKPEND/article/view/51171
Meianti, D., Imsar, M., & Jannah, L. (2023). Transparansi dan Akuntabilitas sebagai Faktor Penentu Kepercayaan Investor terhadap Perusahaan Publik. Jurnal Akuntansi Multiparadigma, 14(1), 1–12.
Meianti, D., Imsar, R., & Jannah, S. (2023). Transparansi Informasi Keuangan dan Pengaruhnya terhadap Persepsi Investor di Bursa Efek Indonesia. Jurnal Ilmiah Manajemen dan Akuntansi, 19(3), 245–259.
OECD. (2004). OECD Principles of Corporate Governance. Organisation for Economic Co-operation and Development. https://www.oecd.org/corporate/principles-corporate-governance.htm
Rahayu, N. T., Siregar, O. K., & Maisyarah, R. (2024). Pengaruh kinerja keuangan terhadap harga saham dengan kebijakan dividen sebagai variabel moderasi pada perusahaan manufaktur sub-sektor makanan dan minuman yang terdaftar di Bursa Efek Indonesia (BEI). Jurnal Ekonomi Kreatif dan Manajemen Bisnis Digital, 2(3), 318–331. https://transpublika.co.id/ojs/index.php/JEKOMBITAL
Shrotryia, V.K. (2023). COVID-19 and overconfidence bias: the case of developed, emerging and frontier markets. International Journal of Emerging Markets, 18(3), 633–665, ISSN 1746-8809. https://doi.org/10.1108/IJOEM-09-2020-1019
Solomon, J. (2010). Corporate Governance and Accountability (3rd ed.). Wiley-Blackwell.
Syaiah, D., Tamburaka, S., & Lestari, M. (2021). Implementasi Prinsip GCG dan Pengaruhnya terhadap Loyalitas Investor. Jurnal Ekonomi dan Bisnis Universitas Halu Oleo, 12(3), 198–210.
Syaiah, M., Tamburaka, S., & Lestari, N. (2021). Akuntabilitas Manajemen dan Kepercayaan Investor: Studi pada Perusahaan Terbuka di Indonesia. Jurnal Akuntabilitas, 12(2), 110–122.
Syaiah, S., Tamburaka, S., & Lestari, H. (2021). Pengaruh Good Corporate Governance terhadap Profitabilitas Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia. Jurnal Akuntansi dan Keuangan (JAK), 8(2), 120–129. https://jak.uho.ac.id/index.php/journal/article/view/114
Waheed, A. (2024). Corporate governance, litigation risk and firm performance: a mediation moderating model. International Journal of Emerging Markets, 19(3), 665–678, ISSN 1746-8809. https://doi.org/10.1108/IJOEM-02-2022-0320
Yazid, H. (2024). The Effect of Profitability, Corporate Social Responsibility, Corporate Governance Mechanisms, and Firm Size on Debt Policy. Financial and Credit Activity: Problems of Theory and Practice, 6(59), 446–459, ISSN 2306-4994. https://doi.org/10.55643/fcaptp.6.59.2024.4536
Zahoor, S. (2022). Corporate Governance and Humble Leadership as Antecedents of Corporate Financial Performance: Monetary Incentive as a Moderator. Frontiers in Psychology, 13, ISSN 1664-1078. https://doi.org/10.3389/fpsyg.2022.904076
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2025 Tsamara Nayla Safitri, Nada Syifa Athaya, Aqilah Miranda, Renny Maisyarah

This work is licensed under a Creative Commons Attribution 4.0 International License.