scholarly journals Capital Structure and Performance due to Gender Diversity of CEOs in Indonesian Small & Medium-sized Business

2018 ◽  
Vol 7 (4.38) ◽  
pp. 920
Author(s):  
Farida Titik Kristanti ◽  
Sri Rahayu
Keyword(s):  
Capital Structure ◽  
Financial Performance ◽  
Small Firms ◽  
Stock Exchange ◽  
Gender Diversity ◽  
Statistical Test ◽  
Regression Result ◽  
Company Performance ◽  
And Performance ◽  
Test Result

Previous researches and results show that women-owned small firms have less debt than man-owned firms, and they have different performance. The objective of this study is to know whether the difference of capital structure is a factor correlated with gender differences resulting in different financial performance. This study utilizes sample data of all small and medium-sized businesses listed in Indonesia Stock Exchange to determine the differences of capital structure and performance between companies with male and female CEOs. The statistical test result using independent t-test shows that there is no difference in both of them. Regression result shows variables influencing capital structure of small and medium-sized businesses in Indonesia are age of company, company size and company liquidity. Meanwhile, for company performance, the statistical test result shows that it is only variables of age of company and leverage that have significant effect. Therefore, small and medium-sized businesses should maintain their capital structure at low rates to have a good financial performance. Companies that are able to survive in a long term will also increase the company performance.   

ANALISIS PENGARUH STRUKTUR MODAL, UKURAN PERUSAHAAN, AGENCY COST, LIKUIDITAS TERHADAP KINERJA PADA PERUSAHAAN PERBANKAN YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) PERIODE 2015-2019

2021 ◽  
Vol 5 (1) ◽  
Author(s):  
Mia Audina
Keyword(s):  
Capital Structure ◽  
Banking Sector ◽  
Stock Exchange ◽  
Agency Cost ◽  
Statistical Test ◽  
Company Size ◽  
Company Performance ◽  
Current Ratio ◽  
Independent Variables ◽  
Equity Ratio

This study aims to examine the effect of capital structure, firm size, agency cost and liquidity on company performance. Researchers found differences in results between previous studies which are strong reasons why this research is feasible. The sample includes 8 banking sector companies listed on the Indonesia Stock Exchange (BEI) for the period 2015-2019. In this study, capital structure is proxied by using the Debt to Equity Ratio (DER), company size is proxied by using (Size), agency cost is proxied by using Free Cash Flaw (FCF), and liquidity is proxied by the current ratio. The method of analysis in this research is descriptive statistical test, classical assumption test and multiple regression analysis using the SPSS application. The results showed that the independent variables, namely capital structure, agency cost have a positive and significant effect on company performance, while the independent variables, namely company size and liquidity, have a negative and significant effect on company performance. Keywords : Struktur modal,ukuran perusahaan, agency cost, likuiditas, kinerja perusahaan.

Gender, Corporate Risk Taking and Performance: Evidence from Indonesia

2017 ◽  
Vol 1 (1) ◽  
Author(s):  
Agista Putri Prameswari
Keyword(s):  
Financial Performance ◽  
Risk Taking ◽  
Stock Exchange ◽  
Gender Diversity ◽  
Listed Firms ◽  
Board Of Director ◽  
And Performance ◽  
Female Director ◽  
Performance Results ◽  
Corporate Risk

<p>This study examines the effect of gender diversity in the board of director on firm leverage and financial performance. Arguably, the more the proportion of female director on board, the corporate risk taking and performance should be lower. The study uses data of listed firms in Indonesia Stock Exchange over the period of 2010-2014. The results show that the presence of female directors on the board is negatively associated with leverage. The similar result is also found on the effect of female director on the board on firm performance. Results also reveal that education background does not moderate the link between women presence on leverage and performance.</p>

scholarly journals Kinerja Perusahaan Tekstil dan Garment

2020 ◽  
Vol 21 (01) ◽  
Author(s):  
Darmanto Darmanto ◽  
Kun Ismawati
Keyword(s):  
Capital Structure ◽  
Financial Performance ◽  
Stock Exchange ◽  
Secondary Data ◽  
Company Performance ◽  
Analysis Technique ◽  
Equity Ratio ◽  
Quantitative Case Study

ABSTRACT: Bussiness competition in the textile and garment industry is now increasingly high, need to be managed properly, especially it’s financial performance. This study aims to determine the effect of capital structure on financial performance on textile and garment companies listed on the Indonesia Stock Exchange in 2016-2018 both partially and simultaneously. Capital structure is measured by Debt to Asset Ratio (DAR) (X1), Debt to Equity Ratio (DER) (X2), and Long term Debt to Equity Ratio (LtDER)(X3). Company performance is measured by Return on Investment (ROI) (Y). This research is a quantitative case study. Secondary data obtained from the annual financial statetments. The population of the research are 21 companies. The number of samples in this study were 8 companies. The analysis technique used is multiple regression to test the effect of independent variables on the dependent variable. The results showed that partially DAR and DER variables significantly influence the ROI, while the LtDER variable has no significant effect on ROI. All three variables have a significant effect on ROI simultaneousl.

Gender, Corporate Risk Taking and Performance: Evidence from Indonesia

2016 ◽  
Vol 1 (1) ◽  
Author(s):  
Agista Putri Prameswari
Keyword(s):  
Financial Performance ◽  
Risk Taking ◽  
Stock Exchange ◽  
Gender Diversity ◽  
Listed Firms ◽  
Board Of Director ◽  
And Performance ◽  
Female Director ◽  
Performance Results ◽  
Corporate Risk

<p>This study examines the effect of gender diversity in the board of director on firm leverage and financial performance. Arguably, the more the proportion of female director on board, the corporate risk taking and performance should be lower. The study uses data of listed firms in Indonesia Stock Exchange over the period of 2010-2014. The results show that the presence of female directors on the board is negatively associated with leverage. The similar result is also found on the effect of female director on the board on firm performance. Results also reveal that education background does not moderate the link between women presence on leverage and performance.</p>

scholarly journals Do Gender and Education Matter for Company Financial Performance? Evidence from Indonesian Companies

2021 ◽  
Vol 9 (1) ◽  
pp. 14
Author(s):  
Adam Zakaria ◽  
Suherman Suherman ◽  
Agung Dharmawan Buchdadi ◽  
Sukma Andika Rahmayanti ◽  
Muhammad Edo Suryawan Siregar
Keyword(s):  
Financial Performance ◽  
Stock Exchange ◽  
Random Effect ◽  
Gender Diversity ◽  
Random Effect Model ◽  
Further Education ◽  
Company Performance ◽  
Tobin’S Q ◽  
Tobin's Q ◽  
Return On Equity

This research is aimed to investigate the influence of gender diversity and educational level in board of commissioner on the performance of non-financial company listed in Indonesia Stock Exchange for 2013-2017 period. Gender diversity as the first research variable was measured by female existence as the head of commissioner, female existence on board of commissioner and its proportion. Meanwhile, education level of female in board of commissioner as the second variable was measured with dummy 1 for master and doctoral graduate and 0 for other levels. Next, the company performance variable is proxied with a return on assets (ROA), return on equity (ROE), and Tobin’s Q. The model employed in this research was an unbalanced data panel using fixed and random effect model approach. The results show that gender diversity has a significant impact on ROA, but an insignificant impact on ROE and Tobin’s Q. Further, education does not have a significant impact on financial performance. In general, board characteristics do not have an important role in determining financial performance.

scholarly journals Gender Diversity and Company Performance

2017 ◽  
Vol 5 (1) ◽  
pp. 480
Author(s):  
Paskah Ika Nugroho Purnomo ◽  
Eli Agustina ◽  
Satya Wacana Christian University
Keyword(s):  
Regression Analysis ◽  
Financial Performance ◽  
Multiple Regression Analysis ◽  
Empirical Evidence ◽  
Multiple Regression ◽  
Sampling Method ◽  
Stock Exchange ◽  
Gender Diversity ◽  
Market Performance ◽  
Company Performance

The objective of this study is to find the empirical evidence of the influence of gender diversity on the company performance, which will be measured with financial performance using ROA and market performance using Tobins’ Q. This study used sample of 64 listed companies on Indonesia Stock Exchange (BEI) year 2015. Sample in this study is selected using purposive sampling method. While multiple regression analysis is used to test the four hypotheses developed in this research. The result of this study shows that board of commissioner’s gender and board of director’s gender does not influence financial performance and market performance.

scholarly journals Audit committee effectiveness and company performance: Evidence from Egypt

2021 ◽  
Vol 10 (2) ◽  
pp. 134-156
Author(s):  
Engy ElHawary
Keyword(s):  
Financial Performance ◽  
Audit Committee ◽  
Stock Exchange ◽  
Gender Diversity ◽  
Annual Reports ◽  
Company Performance ◽  
Section Data ◽  
The Board Of Directors ◽  
And Gender ◽  
The Impact

The purpose of this paper is to investigate the impact of audit committee characteristics (size, independence, experience, gender diversity, and frequency of meetings) on the company’s financial performance (ROA and ROE) in Egypt. In 2016, the Egyptian Stock Exchange announced a new listing requirement for the audit committee members’ characteristics to enhance its effectiveness. Data are gathered from the board of directors (BOD) and annual reports of the EGX 30 index non-financial listed companies in Egypt for the period of 2016–2018. Data is analyzed by using panel data cross-section data analysis and correlation analysis. The findings reveal that the audit committee size has a significant relationship with ROA only and committee members’ experience is significantly related with ROE only. The other characteristics (independence, meetings, and gender diversity) have no impact on ROA and ROE. Such findings contribute to the literature by providing new understandings regarding the audit committee as a key component of corporate governance and its impact on financial performance. It could also guide and improve the boards’ selection of the audit committee members and gives Egyptian regulators a better understanding of the impact of their latest listing requirements on protecting the shareholders’ interests and increasing their confidence through having transparent financial statements.

scholarly journals Pengaruh Keragaman Dewan Direksi Terhadap Kinerja Keuangan Perusahaan

IQTISHODUNA ◽  
2019 ◽  
Vol 15 (2) ◽  
pp. 115-128
Author(s):  
Roika Roika ◽  
Ubud Salim ◽  
Sumiati Sumiati
Keyword(s):  
Financial Performance ◽  
Board Of Directors ◽  
Firm Value ◽  
Stock Exchange ◽  
Gender Diversity ◽  
Company Performance ◽  
Firm Financial Performance ◽  
The Board Of Directors ◽  
Negative Effect ◽  
And Gender

In implementing corporate governance, the diversity of the board of directors is an essential component. The most frequently observed diversity of the board is gender diversity, and along with the increasing internationalization of business today, the nationalities diversity is also one of the interesting types of analysis to be analyzed. The purpose of this study is to investigate the influence of the diversity of the board of directors on the performance of the company. The company performance examined in this study is the firm financial performance measured by using ROE and firm value measured by the Tobin's Q ratio. The population of this study are all non-financial companies listed on the Indonesia Stock Exchange in 2016-2017. Following the same selection criteria in this study, 33 sample companies were screened. The results of hypothesis testing with multiple regression indicate that only nationalities diversity influences the firm financial performance as measured by ROE. While gender diversity has a negative effect on firm financial performance as measured by ROE. And gender diversity and nationalities diversity does not affect the firm value

scholarly journals Analisis Model Atas Faktor Penentu Nilai Perusahaan (Studi Pada Perusahaan Pulp and Paper yang Terdaftar di BEI 2015-2019)

Akuntabilitas ◽  
2021 ◽  
Vol 14 (2) ◽  
pp. 231-242
Author(s):  
William Fernando ◽  
Temy Setiawan
Keyword(s):  
Capital Structure ◽  
Financial Performance ◽  
Ownership Structure ◽  
Firm Value ◽  
Stock Exchange ◽  
Gender Diversity ◽  
Pulp And Paper ◽  
Manufacturing Companies ◽  
Financial Reports ◽  
And Gender

This study aims to analyze the factors that influence firm value, where the independent variables consist of ownership structure, capital structure and gender diversity, and financial performance as a mediation. The research used is Pulp & Paper companies listed on the Indonesia Stock Exchange for the period 2015 – 2019. Using samples from 7 manufacturing companies. By using a sample of 7 manufacturing companies. The test analysis used is the SmartPLS 3.0 program. Based on the results of the study, ownership structure and gender diversity have no significant effect on firm value, capital structure and financial performance have a significant positive effect on firm value, and financial performance has no significant effect on mediating ownership structure and capital structure on the firm. The limitation of this study is to use financial reports sourced from the Indonesia Stock Exchange (IDX) for the pulp and paper sector from 2015-2019 and have financial reports for 5 consecutive years. The implications of this research are expected to provide information for investors on things that can affect the value of the company, especially the paper industry sector.How to Cite:Fernando, W., & Setiawan, T. (2021). Analisis Model Atas Faktor Penentu Nilai Perusahan (Studi Pada Perusahaan Pulp and Paper yang Terdaftar di BEI 2015-2019). Akuntabilitas: Jurnal Ilmu Akuntansi, 14(2), 231-242.

scholarly journals Pengaruh Struktur Modal dan Ukuran Perusahaan Terhadap Agency Cost dan Kinerja Perusahaan (Studi Pada Perusahaan Manufaktur Sektor Industri Barang Konsumsi Yang Terdaftar Di Bursa Efek Indonesia)

2018 ◽  
Vol 18 (2) ◽  
pp. 196
Author(s):  
Dewi Maryam
Keyword(s):  
Capital Structure ◽  
Significant Influence ◽  
Stock Exchange ◽  
Agency Cost ◽  
Company Performance ◽  
Analysis Method ◽  
Study Population ◽  
Spss Software ◽  
And Performance ◽  
Industry Sectors

This study aims to examine the effect of capital structure, the size of the company to the agency cost and performance of the company. In addition, the indirect influence between capital structure and size of the company to the agency cost is also researched in this study. The study population used in this study were 18 companies in the consumer goods industry sectors listed on the Indonesia Stock Exchange (BEI) in the study period 2010-2014. Number of sample as the number of population by census method. This study analysis method is path analysis using SPSS software. The results of this study show that there is significant influence negatively the size of the company to the agency cost and there is significant influence negatively agency cost to company performance, there is no influence between capital structure to agency cost and there is no influence of capital structure to the company's performance, and there is no effect of firm size on company performance.

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