Corporate Governance Structure and Firm Performance in the Indonesian Capital Market

被引：0
|
作者：
Muharam, Harjum [1 ]
Mawardi, Wisnu [1 ]
Handriani, Eka [2 ]
Puryandani, Siti [3 ]
Robiyanto, Robiyanto [4 ]
机构：
[1] Univ Diponegoro, Fac Econ & Business, Dept Management, Jl Prof Soedarto SH, Semarang 50246, Central Java, Indonesia
[2] Univ Darul Ulum Islamic Ctr Sudirman GUPPI, Fac Econ & Business, Dept Management, Semarang, Jawa Tengah, Indonesia
[3] STIE Bank BPD Jateng, Dept Management, Kota Semarang, Jawa Tenga, Indonesia
[4] Satya Wacana Christian Univ, Fac Econ & Business, Dept Management, Jl Diponegoro 52-60, Salatiga 50711, Indonesia
来源：
QUALITY-ACCESS TO SUCCESS | 2020年 / 21卷 / 174期
关键词：
board of institutional; independent board of commisioners; board size; firm performance; FREE CASH FLOW; INVESTMENT OPPORTUNITY; FINANCING DECISIONS; AGENCY PROBLEMS; BOARD SIZE; COSTS; OWNERSHIP; COMPANIES;
D O I：
暂无
中图分类号：
C93 [管理学];
学科分类号：
12 ; 1201 ; 1202 ; 120202 ;
摘要：
This research examines the effect of the board of institutional, the independent board and the board size to the firm performance. Using fixed effects data panel regression, this research investigated 293 firms listed on the Indonesia Stock Exchange during 2010-2015. Firm performance was proxied by market measure (Tobin's Q). The findings of this research suggested that the board of institutional, the independent board of commisioners had positive impact only to Tobin's Q value, while the board size could increase both Tobin's Q. On the other hand, this research found that the debt, and risk gave no impact to firm performance. This research also found that the board size had nonlinear relationship with investment as proxied by IOS. While the lOS variables were able to mediate the effect of the board size to firm performance.
引用
收藏
页码：22 / 27
页数：6
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