This research aimed to examine the effect of corporate governance on financial performance on bank listed on the Indonesia Stock Exchange (IDX) period 2011-2015, either directly or indirectly through credit risk and operational risk. This research used quantitative approach and the saturated sample method. There were 27 banks that categorized as sample. Furthermore, Partial Least Square (PLS) used for hypotheses and analysis test and free statistic calculation for Sobel Test version 4 for testing credit risk variables and operational risk as mediation. The results of this research showed that improving the implementation of corporate governance can reduced credit risk and operational risk and increased financial performance, whereas, low of credit risk and operational risk can increased financial performance. The results of mediation testing showed that credit risk and operational risk positively mediated the effect of corporate governance on financial performance. This explained that the implementation of good corporate governance can minimized the conflicts of interest and asymmetry information that leads to the cost of non-performing loans and additional capital costs that increased the company profitability. ABSTRAKPenelitian ini bertujuan untuk menguji pengaruh antara tata kelola perusahaan terhadap kinerja keuangan pada perbankan yang terdaftar di Bursa Efek Indonesia (BEI) pada periode 2011-2015, baik secara langsung maupun tidak langsung melalui risiko kredit dan risiko operasional. Penelitian ini menggunakan pendekatan kuantitatif. Pengambilan sampel menggunakan metode sampel jenuh. Terdapat 27 perbankan yang memenuhi kategori sebagai sampel. Selanjutnya, Partial Least Square (PLS) digunakan untuk analisis dan pengujian hipotesis dan software Free Statistic Calculation for Sobel Test versi 4 untuk pengujian variabel risiko kredit dan risiko operasional sebagai mediasi. Hasil penelitian menunjukkan bahwa perbaikan pelaksanaan tata kelola perusahaan dapat menurunkan risiko kredit dan risiko operasional serta meningkatkan kinerja keuangan, sedangkan rendahnya risiko kredit dan risiko operasional dapat meningkatkan kinerja keuangan. Hasil pengujian mediasi menunjukkan bahwa risiko kredit dan risiko operasional memediasi secara positif pengaruh antara tata kelola perusahaan terhadap kinerja keuangan. Hal ini menjelaskan bahwa pelaksanaan tata kelola perusahaan yang baik dapat meminimalkan benturan kepentingan dan asimetri informasi yang menyebabkan timbulnya biaya cadangan penghapusan kredit macet dan biaya modal tambahan sehingga meningkatkan profitabilitas perusahaan.

All of investors value that financial distress conditions and the proportion of financial capitalstructure have effect to become fluctuation of stocks price. Therefore, the aim of this research is to know theeffects of financial distress to the stocks’ price either direct or indirect through financial capital structure. Thisresearch uses descriptive quantitative approach by using sector of service listed in BEI year 2009–2013 as theobject. The sampling method used is purposive sampling. There are 23 companies that have categorized assample. The method that used to predict financial distress is z-score Altman method, whereas to analyst thehypothesis is used path analysis through SPSS TEST by consideration of test classic assumption. Based onthe result the research shows that financial distress gives negative impact to the stocks’ price. Financialdistress caused by capital loss so decrease work of money that effect to the decrease stocks price. It might becaused of using financial structure proportion doesn’t cause business risk that will emerge financial Distressuntil it doesn’t moving stocks price. From Altman z-score prediction shows from 23 companies 10 of it (APOL,BIPP BLTA, BTEL, FMII, HITS, IATA, LIMAS, RIMO, and TKGA) include on financial distress category.Meanwhile, 5 companies (BHIT, BKDP BMSR, OKAS, and ZBRA) include on gray area. Furthermore 8 companies(ASIA, BNBR, CENT, ELTY, LCGP, META, TRIL, and TRUB) include in save condition.