• Aminullah Aminullah Universitas Islam Madura
  • Mohammad Herli Universitas Wiraraja
  • Hafidhah Hafidhah Universitas Wiraraja
  • Liyanto Liyanto Universitas Wiraraja
Keywords: CGPI, Firm Performance, Market Reaction


This article discusses how the Corporate Governance Perception Index (CGPI) may impact how well a business does financially and how the market reacts to news regarding the CGPI. The author arrives to the following conclusion after doing synthesis analysis: it demonstrates that CGPI announcements do, in fact, have an effect on firm performance, growth, and value. The revelation of a company's CGPI rating was another factor that investors considered while making their decisions. Because the CGPI index of the firm reflects the company's capability of being managed by management, the higher the rating achieved indicates the larger the company's capability of being governed


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