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>

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 Corporate governance and financial performance of italian listed firms. The results of an empirical research

2015 ◽  
Vol 12 (2) ◽  
pp. 628-643 ◽  
Author(s):  
Matteo Rossi ◽  
Marco Nerino ◽  
Arturo Capasso
Keyword(s):  
Corporate Governance ◽  
Financial Performance ◽  
Stock Exchange ◽  
Target Population ◽  
Cross Sectional ◽  
Return On Equity ◽  
Listed Firms ◽  
Good Corporate Governance ◽  
Financial Scandals ◽  
And Performance

Corporate governance has become a popular topic in the international scene. The recent financial scandals (Enron, Parmalat, Tyco, and WorldCom) have increased the interest on the relationship between Corporate Governance and performance, due to its apparent importance for the economic health of companies and its effect on society in general. The paper aims to verify a possible relationship between the corporate governance of Italian listed companies and their financial performance. Creating a quality index for corporate governance, called CGQI, we will try to understand if a good corporate governance can lead to better firm results. The target population is composed of all Italian companies listed on the Italian Stock Exchange, in the year 2012. The cross-sectional regression highlights two important results: the negative correlation between Tobin’s q and CGQI, and the positive correlation between Return on Equity and CGQI. It is possible to extend the analysis both temporally and spatially, with a comparison between different countries, considering that our index is constructed on the basis of corporate governance guidelines of different countries

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.   

scholarly journals Board diversity and firm performance: The Indonesian evidence

2011 ◽  
Vol 8 (2) ◽  
pp. 450-466 ◽  
Author(s):  
Salim Darmadi
Keyword(s):  
Firm Performance ◽  
Financial Performance ◽  
Stock Exchange ◽  
Gender Diversity ◽  
Market Performance ◽  
Demographic Characteristics ◽  
Board Members ◽  
Board Diversity ◽  
Listed Firms ◽  
Nationality Diversity

This paper examines the associations between diversity of board members and financial performance of the firms listed on the Indonesia Stock Exchange (IDX). Three demographic characteristics of board members—gender, nationality, and age—are used as the proxies for diversity. Using a sample of 169 listed firms, this study finds that both accounting and market performance have significant negative associations with gender diversity. Nationality diversity is found to have no influence on firm performance. In contrast, the proportion of young members is positively related to market performance, providing evidence that young people in the boardrooms are associated with improved financial performance.

The ascension of executives' tenure, corporate risk-taking and corporate performance: evidence from Malaysia

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Osama F. Atayah ◽  
Khakan Najaf ◽  
Ravichandran K. Subramaniam ◽  
Phaik Nie Chin
Keyword(s):  
Risk Taking ◽  
Corporate Performance ◽  
Stock Exchange ◽  
Generalized Method Of Moments ◽  
Negative Relationship ◽  
Ordinary Least Squares ◽  
Executive Management ◽  
Content Type ◽  
Top Executives ◽  
Corporate Risk

PurposeThis study aims to investigate the implication of top executives’ number of years of experience (tenure) on corporate risk-taking behaviour and corporate performance in Malaysian corporations.Design/methodology/approachTo test the hypothesis efficiently, the authors have extracted the data from Bloomberg for 788 listed companies of the Malaysian Stock Exchange. The methodology entails ordinary least squares regressions, quantile regression and dynamic system generalized method of moments model.FindingsFirst, the authors show that executive management tenure has a significant negative relationship with corporate risk-taking. It means that the long-tenured executives tend to undertake less risky strategies and decisions. Second, this study reveals that the longer executive management tenure has a positive relationship with corporate performance. Third, the moderating effect of corporate risk-taking with executive tenure (Tenure dummy*Risk) has a negative relationship with the corporate performance by 1%.Practical implicationsIt implies that the appointment of experienced executive management contributes towards corporate performance directly. However, experienced management trends take less risk, which eventually results in mitigating the corporate performance. On that basis, the findings are significant in highlighting the usefulness of executive leadership term and offers insights to academics, practitioners and policymakers.Originality/valueThis paper is novel since it is unique in evaluating the executive tenure and the preferences to handle risk strategies and how that impact the firm performance.

scholarly journals Evaluating Financial Performance of Saudi Listed Firms: Using Statistical Failure Prediction Models

2019 ◽  
Vol 2 (1) ◽  
pp. 1-18
Author(s):  
Deena Saleh Merza Radhi ◽  
Adel Sarea
Keyword(s):  
Financial Performance ◽  
Prediction Models ◽  
Stock Exchange ◽  
Failure Prediction ◽  
Financial Decisions ◽  
Listed Firms ◽  
Industrial Companies ◽  
Statistical Relationships ◽  
The Given ◽  
Altman Model

The study aims to compare the classification power of three statistical failure prediction models for evaluating financial performance of Saudi Listed Firms. The study sample consisted of 122 listed industrial companies in the Saudi Stock Exchange for the period from 2014 to 2016. Altman model 1968, Kida model and Zmijewski are used as examples of statistical failure prediction models to evaluate the classification power of the given models to assess the financial performance of firms listed on Saudi Stock Exchange. The results showed that Zmijewski model was more powerful in predicting the financial performance of Saudi listed firms than Altman model (1986) and Kida model. The results showed that there are a statistical relationships between some ratios included in the three models and the financal performance of industrial companies, which was measured by EPS. The study recommended users of financial statements of Saudi listed companies to use Zmijewski ?model, which performs well in evaluating their finacial position to be used when making the ?financial decisions.

scholarly journals The Influence of Acquisitions on a Firm’s Performance within a Sector: An Application on Istanbul Stock Exchange

2014 ◽  
Author(s):  
İbrahim Halil Ekşi ◽  
Nasara Banu Güzel ◽  
Rabia Ecem Küçüktaşdurmaz
Keyword(s):  
Mergers And Acquisitions ◽  
Financial Performance ◽  
Stock Exchange ◽  
Topsis Method ◽  
Listed Firms ◽  
Positive Effects ◽  
Istanbul Stock Exchange

In recent years it have seen a significant increase in the number of business mergers and acquisitions. There are number of reasons led to this trend. Amongst them it is the need to increase the firm financial performances. This paper mainly is focuses on other different effects of mergers and acquisitions on the financial performance of businesses. In this study, looking at Turkish stock exchange listed firms that have experienced acquisitions or mergers and the effects of such mergers on their performance. In this context, it be looked at textile firms and firms based on stone and land work that experienced acquisitions in 2010. The firms are Altinyildiz in textile and Çimbeton in the mining sectors respectively. Having look at the financial performances of these firms in their respective sectors before the acquisitions (2007, 2008, 2009), the acquisitionsin 2010, 9 rates were used the in TOPSIS method. According to findings, the acquisitioned firm’s show that they have positive effects on the financial performances of the firms. It is observed that there are differences in sectors’ period and degrees. In this case, it’s possible to explain the sectoral dynamics and acquisions of the firms’ integration.

scholarly journals Corporate Social Responsibility (CSR) and Risk Taking: Evidence from Indonesia

2019 ◽  
Vol 8 (1) ◽  
pp. 152-162
Author(s):  
Rezki Ananda Mulia ◽  
Joni Joni
Keyword(s):  
Corporate Governance ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Risk Taking ◽  
Stock Exchange ◽  
Listed Firms ◽  
Market Risks ◽  
Corporate Social

In this paper, we investigate the effect of Corporate Social Responsibility (CSR) on risk taking in Indonesia. We hand collect CSR and other corporate governance data from 2016-2017 for publicly listed firms on the Indonesian Stock Exchange (IDX). The results, based on 820 firm-year observations, suggest that CSR activity is negatively related to corporate’s risk. This means the presence of CSR activity is positively perceived by stakeholders. Therefore, it reduces operating and market risks of the company. Also, we test for endogeneity and the main findings remain similar.

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