Interdependency between internationalization, firm performance, and corporate governance

The purpose of this research was to identify the interdependency between internationalization, performance and corporate governance. Data used by this paper were from financial statement information of manufacturing companies listed on Indonesian Stock Exchange over period 2011-2015. Pooling data were applied for a sample which contains 84 manufacturing companies with five years data. This paper also applied Two Stages Regression as a statistical tool to identify the relationship between these three main variables. This research found significant interdependency relations between internationalization, performance, and corporate governance of manufacturing companies listed on Indonesia Stock Exchange.