Penelitian ini dilakuan dengan tujuan untuk menguji pengaruh good coporate governance yang diproksikan dengan kepemilikan institusional, dewan direksi, dan komisaris independen terhadap kinerja keuangan yang diproksikan dengan return on equity. Objek dalam penelitian ini adalah perusahaan food and beverage yang terdaftar di Bursa Efek Indonesia (BEI) pada tahun 2016-2019. Penelitian ini menggunakan metode penelitian kuantitatif. Data yang digunakan dalam penelitian ini adalah 72 data dari perusahaan food and beverage selama periode penelitian yang dipilih menggunakan metode purposive sampling. Pengujian hipotesis dalam penelitian menggunakan teknik analisis linier berganda. Hasil penelitian menunjukan bahwa kepemilikan institusional dan jumlah dewan direksi tidak berpengaruh terhadap return on equity sedangkan komisaris independen berpengaruh positif signifikan terhadap return on equity.

This study aims to explain the stock prices behavior around the announcement date of cash dividends. The study compares the stock prices a week before the cumulative date, cumulative date, record date, a week after the record date, and two weeks after the record date. The stock prices are also compared to the cash dividends nominals in 2017 and cash dividends in 2018. The researcher obtains the research data from LQ45 companies in 2018. The data is tested using the Wilcoxon Signed-Ranks Test. The results show that the date of announcement and recording of dividends do not have an impact on the increase in stock prices, but the result shows a decline in stock prices. The results of this study imply that the announcement of cash dividends does not trigger stock buying action around the announcement date for the companies who distribute cash dividends.

Investor’s need for transparent and accurate information can be extended through the firm's voluntary disclosure as additional information for investors in making wiser decisions. This research examined the effect of profitability, leverage, liquidity, firm size, public shareholding, audit firm size, and firm age on the extent of voluntary disclosures on the annual report of food and beverage subsector companies. Data obtained through secondary data on the website of the Indonesia Stock Exchange and the website of each company. The samples in this study were 17 food and beverage subsector companies listed on the Indonesia Stock Exchange. The sampling technique used in this study was purposive sampling. Hypothesis testing using multiple linear regression analysis methods. This study found that the profitability variable positively affects the extent of voluntary disclosure, and the firm age variable negatively affects voluntary disclosure. Meanwhile, the variables of leverage, liquidity, firm size, public shareholding and audit firm size don’t have effect on the extent of voluntary disclosures.

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