scholarly journals Family Control and Firm Financial Performance Listed on Indonesia Stock Exchange: The Moderating Role of Foreign Ownership

2020 ◽  
Vol 11 (2) ◽  
Author(s):  
Perminas Pangeran
Keyword(s):  
Financial Performance ◽  
Stock Exchange ◽  
Foreign Ownership ◽  
Family Control ◽  
Firm Financial Performance ◽  
Moderating Role

scholarly journals Active family control and company performance: the role of foreign investment moderation and bank debt

2018 ◽  
Vol 22 (1) ◽  
Author(s):  
Perminas Pengeran
Keyword(s):  
Family Firms ◽  
Stock Exchange ◽  
Foreign Ownership ◽  
Company Performance ◽  
Bank Debt ◽  
Family Control ◽  
The Family ◽  
The Relationship ◽  
Moderating Role

This study was to examine the moderating role of foreign ownership and Bank debt on the influence of active family control toward the family firm performance. Based on purposive sampling techniques, this study used 18 family firms listed in Indonesia Stock Exchange (IDX), during the period of 2006-2011. The results of this study showed several important findings. Firstly, foreign ownership positively moderated the effect of active family control on profitability. Secondly, likewise, bank debt negatively moderated the effect of active family control on profitability. Thirdly, foreign ownership negatively moderated the effect of active family control on dividends payment. Finally, bank debt positively moderated the influence of active family control on dividends payment. These results revealed that the foreign ownership and bank debt serves as moderator on the relationship between active family control and financial performance.

scholarly journals Corporate Social Responsibility and Financial Performance: The Moderating Role of Ownership Concentration in Turkey

2019 ◽  
Vol 11 (13) ◽  
pp. 3643 ◽  
Author(s):  
Elif Akben-Selcuk
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Ownership Concentration ◽  
Firm Financial Performance ◽  
Variable Approach ◽  
Corporate Social ◽  
The Impact ◽  
Moderating Role

The objective of this study is to investigate the impact of corporate social responsibility (CSR) engagement on firm financial performance in a developing country, Turkey, and to analyze the moderating role of ownership concentration in the CSR–financial performance relationship. The sample consists of non-financial public firms listed on the Borsa Istanbul (BIST)-100 index and covers the period between 2014 and 2018. Empirical results using an instrumental variable approach show that corporate social responsibility has a positive relationship with financial performance. Furthermore, findings indicate that this relationship is negatively moderated by ownership concentration even when endogeneity is controlled for.

scholarly journals Short-Selling and Financial Performance of SMEs in China: The Mediating Role of CSR Performance

2021 ◽  
Vol 9 (2) ◽  
pp. 22
Author(s):  
Wenzhen Mai ◽  
Nik Intan Norhan binti Abdul Hamid
Keyword(s):  
Financial Performance ◽  
Stock Exchange ◽  
Panel Data Analysis ◽  
Short Selling ◽  
Mediating Effect ◽  
Mediating Role ◽  
Firm Financial Performance ◽  
Corporate Executives ◽  
External Governance

The aim of this study is to examine the effect of short-selling deregulation on the financial performance of SMEs in China. The external governance role of short-selling is also tested by adopting corporate social responsibility (CSR) performance as the mediating effect. This study investigates a panel data analysis with a sample of 5038 firm-years of SMEs listed in Shenzhen Stock Exchange from 2010 to 2019. The PSM-DID method is adopted in this study to alleviate self-selection and endogenous problems to observe the comparable pure effect of short-selling deregulation, while the mediation test is conducted based on Baron and Kenny’s model. The finding of this study showed that the existence of short-selling could enhance firm financial performance and the mediating effect of CSR performance position in their relationship. In addition, the further analysis revealed that the mediating effect of CSR is more pronounced for family businesses and firms with high real short-selling threats. The robust test of alternative measurements is conducted and valid. This study provides insights for policymakers to consider further short-selling ban lifting and corporate executives to practice more CSR activities to improve the financial performance. Limitations and further implications of this study are also discussed.

scholarly journals CEO Duality and Financial Performance: Testing the Moderating Role of Firm Age: Evidence from a Developing Economy

2020 ◽  
Vol 12 (3(J)) ◽  
pp. 53-64
Author(s):  
Richard Akisimire ◽  
Ernest Abaho ◽  
Maureen Tweyongyere
Keyword(s):  
Financial Performance ◽  
Performance Testing ◽  
Manufacturing Firms ◽  
Future Research ◽  
Firm Age ◽  
Ceo Duality ◽  
Firm Financial Performance ◽  
The Relationship ◽  
Moderating Role

This paper tests the moderating role of firm age on the relationship between Chief Executive Officer (CEO) duality and financial performance among manufacturing firms in Uganda. A cross section survey was adopted using 78 manufacturing firms in Uganda. Data was analyzed using descriptive statistics, correlation and hierarchical regression. Modgraph software was also used to ascertain the validity of the set hypothesis. Results reveal that whether the CEO doubles as chairman of board or not, this does not significantly affect firm Financial Performance. However, as the firms grow older, the role of CEO-Board Chairman duality phenomenon gains significance in determining financial performance. Therefore, as firms grow in age, the CEOs should not be the same as Board chairpersons if firms have to perform well financially. Since only a single research methodological approach was employed in this study, future research can undertake to use a mixed methods approach to provide more detailed insights. Further, a longitudinal approach can also be employed to study financial performance trends among manufacturing firms over years. Entrepreneurs of these firms should put emphasis on proper segregation of the CEO role and those of the board chairman especially as firms grow in age. A moderating role of firm age on the relationship between CEO duality and financial performance was tested among manufacturing firms; previous studies have tended to test the direct or mediating effects.

CSR and appropriation potential of firm innovative knowledge

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Xiaohong Mei ◽  
Yang Ge ◽  
Jiashun Huang ◽  
Yu Chen
Keyword(s):  
Financial Performance ◽  
Content Type ◽  
Firm Financial Performance ◽  
Alternate Mechanism ◽  
Work Shifts ◽  
Corporate Social ◽  
The Relationship ◽  
Moderating Role ◽  
Practical Implications

PurposeThe purpose of this paper is to study the moderating role of corporate social responsibility (CSR) in the knowledge asset–firm financial performance relationship.Design/methodology/approachThis paper first develops hypotheses based on multiple theoretical lenses and uses a sample of 3,030 US firms in 51 industries over 11 years to test these hypotheses.FindingsIt is found that CSR positively moderates the relationship between research and development (R&D) investments and the firm's financial performance, and the moderating effect declines when firms mistreat their employees.Practical implicationsThis paper provides evidence that when firms allocate their resources, they should consider the synthetic effect among different activities such as R&D and CSR.Originality/valueFirst, this study offers a new and alternate mechanism for the appropriability literature and also extends the boundary of CSR research. Second, this work shifts the CSR performance thought by considering CSR as an enabler rather than a driver for performance.

scholarly journals PENGARUH KEPEMILIKAN ASING, KOMISARIS ASING, DAN DIREKSI ASING TERHADAP KINERJA KEUANGAN PERUSAHAAN

2019 ◽  
Vol 2 (1) ◽  
pp. 29
Author(s):  
Zulkarnain Zulkarnain
Keyword(s):  
Linear Regression ◽  
Financial Performance ◽  
Positive Impact ◽  
Stock Exchange ◽  
Foreign Ownership ◽  
The Other ◽  
Hypotheses Testing ◽  
Firm Financial Performance ◽  
Board Membership ◽  
Foreign Directors

This study examines the effects of foreign ownership, foreign board membership, and foreign directors on firm financial performance of Indonesian food and beverages listed companies in Indonesia Stock Exchange for the periods of 2012-2016. Firm financial performance is measured by ROA. This study employs publicly available data from financial database of a sample of 41 firm observations. Using multiplied analysis linear regression with hypotheses testing of t statistics and F tests, this study finds that foreign directors, partially, had significant positive impact on ROA. The foreign ownership and foreign board membership on the other hand, partially, had no effect on ROA. The foreign ownership, foreign board membership, and foreign directors, simultaneously, had significant positive impact on ROA.Keywords: foreign ownership, foreign board membership, foreign directors, ROA.

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