Purpose – Economic growth is the primary focus in
the development of a country. In recent decades,
awareness of the crucial role of Good Corporate
Governance (GCG) in supporting stability and
economic growth has been increasing.This research
aims to fill the knowledge gap by focusing on the
influence of good corporate governance on
economic growth in Indonesia.
Design/methodology/approach – This research
utilizes secondary data from the annual financial
reports of the period 2020-2022, sourced from the
official website of the Indonesia Stock Exchange
(Bursa Efek Indonesia or BEI). The data is processed
using Eviews 9 with panel data analysis techniques,
which is a combination of time series and crosssectional data.
Findings – The research results indicate that
institutional ownership and managerial ownership
individually, do not have a significant impact on
economic growth in Indonesia, with respective pvalues of 0.1348 and 0.1470, which are greater
than the significance level of 5%. Meanwhile, audit
committees and the board of commissioners,
individually, have a significant influence on
economic growth in Indonesia, with respective pvalues of 0.0466 and 0.0163, which are smaller
than the significance level of 5%. Simultaneously,
the variables of institutional ownership,
managerial ownership, audit committees, and the
board of commissioners do not affect economic
growth in Indonesia, as the p-value for the Fstatistic is 0.198, which is greater than the 5%
significance level. Therefore, Good Corporate
Governance influences economic growth, but only
through the indicators of audit committees and the
board of commissioners.
Originality/value – The novelty of this research lies
in the limited number of studies specifically
