scholarly journals PENGARUH CORPORATE GOVERNANCE TERHADAP KINERJA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA

2016 ◽  
Vol 6 ◽  
pp. 109
Author(s):  
Susy Muchtar ◽  
Elsa Darari
Keyword(s):  
Corporate Governance ◽  
Firm Performance ◽  
T Test ◽  
Board Structure ◽  
Executive Directors ◽  
Return On Assets ◽  
Return On Equity ◽  
Board Committees ◽  
Negative Effect ◽  
Positive Effect

<p><span><em>The purpose of this research is to determine the effect of corporate governance on the firm </em><span><em>performance of companies listed in the Indonesia Stock Exchange.The sample examined in </em><span><em>this research consist of 40 manufacturing companies in Indonesia Stock Exchange (BEI) </em><span><em>from 2008 to 2012 using purpose sampling as its sample selection techniques. Independent </em><span><em>variables from this research are board structure, board committees, board meetings, board </em><span><em>size, executive directors and independent non-executive directors. Dependent variables are </em><span><em>return on assets (ROA) and return on equity (ROE). The analysis method use are the classical </em><span><em>assumption test, multiple regression, and the t test. the result of the t test showed, board </em><span><em>structure has no effect on corporate performance as measured by return on assets (ROA), </em><span><em>but a negative effect on company performance as measured by return on equity (ROE),</em><br /><span><em>board committees positive effect on the firm performance, board meetings had no influence </em><span><em>on the performance of the company, board size has a positive effect on the firm performance, </em><span><em>executive directors do not have an influence on the company’s performance as measured by </em><span><em>return on assets (ROA) and return on equity (ROE), independent non-executive directors </em><span><em>have a negative effect on corporate performance as measured by return on assets (ROA), </em><span><em>but does not affect the company’s performance as measured by return on equity (ROE).</em><br /></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></p><p><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><strong><em>Keywords</em></strong><span><strong>: </strong><span><strong><em>Corporate governance, firm performance, board structure, board committee, </em></strong><span><strong><em>board meeting, board size, executive directors, independent non executive </em></strong><span><em><strong>directors, return on asset, return on equity</strong>.</em></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span><br /></span></span></span></p>

scholarly journals Application of Corporate Governance Practices in Companies Listed in CSE Sri Lanka

2021 ◽  
Vol 04 (12) ◽  
Author(s):  
Dr. MBM. Amjath ◽  
Keyword(s):  
Corporate Governance ◽  
Sri Lanka ◽  
Board Structure ◽  
Sri Lankan ◽  
Board Size ◽  
Return On Equity ◽  
Board Committees ◽  
Board Leadership ◽  
Governance Practices ◽  
Positive Effect

Purpose: The purpose of the article is to find out the application of corporate governance practices in companies listed CSE in Sri Lanka. Methodology: The study aimed at the factors influence in the application of corporate governance practices and firm’s financial performance in Sri Lanka. In this study, there are two dependent variables namely return on equity and return on asset and four independent variables namely board leadership, board structure, board size and number of board committees. The study used 20 top companies (blue-chip companies) as sample for period of five (5) years 2014-2018. The data was analyzed using the SPSS statistical software package. The descriptive statistics, correlation analysis and regression analysis were used in this study. Findings: The results show that there is a positive relationship between corporate governance practices and firm performance, in the Sri Lankan context. And also it was found that there is a positive effect of board leadership board structure, board size and board committees on ROE and ROA the effect of board leadership, board size and board committees are significant with ROE & ROA. Only board structure has an insignificant effect on ROE and ROA.

scholarly journals Determinants of Firm Capital Structure: Empirical Evidence From Vietnam

2020 ◽  
Vol 11 (4) ◽  
pp. 10
Author(s):  
Hieu Thanh Nguyen ◽  
Anh Huu Nguyen
Keyword(s):  
Capital Structure ◽  
Method Of Moments ◽  
Firm Size ◽  
Generalized Method Of Moments ◽  
Return On Assets ◽  
Return On Equity ◽  
Factors Affecting ◽  
Tangible Assets ◽  
Negative Effect ◽  
Positive Effect

The paper aims to investigate the factors affecting firm capital structure in the context of Vietnam. The research sample includes 290 non-financial listed companies on Vietnamese stock market. This study applied Generalized Method of Moments (GMM) to explain the research results. The paper investigates six factors influencing on firm capital structure including return on assets (ROA), return on equity (ROE), firm size, tangible assets, risks, and growth. The empirical results show that return on assets, tangible assets, risks, and growth have a statistically significant positive effect on the firm capital structure while return on equity has a statistically significant negative effect on the firm capital structure. In addition, when dividing companies into sectors, the study realized that determinants of capital structure in some sectors are consistent with results for entire sample. Finally, firm size has the same impact on capital structure in oil & gas companies and material companies whereas it is not statistically significant for other companies. These evidences provide a new insight to managers on how to determine the reasonable capital structure.

scholarly journals The Effect of Corporate Governance on Financial Performance and Tax Avoidance on LQ45 Companies

2020 ◽  
Vol 2 (4) ◽  
pp. 10-25
Author(s):  
Rusni Syamsuddin ◽  
Muhammad Ali ◽  
Muhammad Sobarsyah
Keyword(s):  
Corporate Governance ◽  
Financial Performance ◽  
Tax Avoidance ◽  
Institutional Ownership ◽  
Audit Committees ◽  
Return On Assets ◽  
Analysis Techniques ◽  
Independent Variables ◽  
Negative Effect ◽  
Positive Effect

Tax avoidance is a strategy applied by taxpayers to undertake legally burden taxes to decrease tax payment. Avoidance techniques by exploiting loopholes in tax laws. The purpose of this study is to examine the effect of corporate governance (institutional ownership, the board size, independent commissioners, audit boards) on tax avoidance (ETR) mediated by financial performance measured by Return on assets (ROA). The samples used were companies listed in the LQ45 index from the period of 2014 to 2018, with a total of 30 companies collected through purposive sampling. The study applied path analysis techniques using IBM SPSS 23 statistical software. These results indicate that corporate governance simultaneously influences financial performance and tax avoidance. Institutional ownership and audit committees have a positive and significant effect on financial performance. Interestingly, the size of the board of commissioners and independent commissioners were found insignificant to financial performance. To tax avoidance, the size of the board of commissioners, independent commissioners, and the audit board has a significant positive effect, but institutional ownership does not have a significant negative effect on tax avoidance, while financial performance negatively correlates to tax avoidance. Financial performance can mediate institutional ownership of tax avoidance. Differently, other independent variables did not show relationships.

scholarly journals Good Corporate Governance Islamic Social Responsibility, and Firm Performance

2019 ◽  
Vol 9 (2S3) ◽  
pp. 499-504
Keyword(s):  
Corporate Governance ◽  
Social Responsibility ◽  
Financial Performance ◽  
Negative Impact ◽  
Return On Assets ◽  
Return On Equity ◽  
Good Corporate Governance ◽  
Asset Growth ◽  
Positive Effect

This study aims to examine the role of Good Corporate Governance toward financial performance and Islamic Social Responsibility disclosure. The financial performance was measured by Return on Asset (ROA), Return on Equity (ROE), Asset growth, Operating Expenses, and NonPerforming Finance (NPF). Furthermore, this study was carried out by Sharia Bank in Indonesia on 2011-2017. Testing the hypothesis in this study used simple regression. The results of the study show that Good Corporate Governance has a positive effect on financial performance as measured by Return on Assets (ROA), Return on Equity (ROE), Asset growth. On the contrary, Good Corporate Governance has a negative impact on operating expenses and Non-Performing Finance (NPF). At the same time, the effect of Good Corporate Governance toward Islamic Social Responsibility disclosure (ISR) is not significant.

scholarly journals Corporate Governance Independence in the Board of Directors and The Firms Financial Performance: Empirical Analysis of Cement Sector Firms Listed on Pakistan Stock Exchange (PSX)

2021 ◽  
Vol 09 (01) ◽  
pp. 01-24
Author(s):  
Muhammad Noman Ansari ◽  
◽  
Dr. Sayed Fayaz Ahmed
Keyword(s):  
Corporate Governance ◽  
Financial Performance ◽  
Board Of Directors ◽  
Stock Exchange ◽  
Agency Cost ◽  
Independent Directors ◽  
Return On Assets ◽  
Return On Equity ◽  
Board Committees ◽  
The Board Of Directors

The corporate governance measures emphasize on presence of independence of the board of directors to bring objectivity and reducing the agency cost; whereas the institutions have the ability, skills and time to supervise the activities of the management and channelize it to better financial performance. The objective of this study is to explore the effect of independence of the board of directors on the financial performance of the firms. The independence was gauged by number of independent directors and non-executive directors, chairing of board committees by independent directors, institutional holding in the firm, and presence of institutional directors on the board. The financial performance of the firm is gauged using the return on equity (ROE) and return on assets (ROA). The corporate governance and financial performance data comprising of 75 firm years from 2014 to 2018 of the firms listed in the cement sector of the Pakistan Stock Exchange (PSX) were selected. GLM regression was performed to study the relationship between the variables. The results suggest that the majority of independence on the board of directors do not affect the financial performance of the firm; the independence in the board committees negatively affects the financial performance, whereas the presence of institutional holding and director in the firm does not have any effect on the performance of the firm. The study will provide a basis for future studies to find the association that independence can bring objectivity, reduce agency cost, and affect the performance of the firm.

Board Structure and Firm Performance: Evidence from Australia

2004 ◽  
Vol 10 (1) ◽  
pp. 14-24 ◽  
Author(s):  
Ingrid Bonn
Keyword(s):  
United States ◽  
Corporate Governance ◽  
Firm Performance ◽  
Boards Of Directors ◽  
Board Structure ◽  
Return On Equity ◽  
Book Value ◽  
Business Context ◽  
European Business ◽  
Female Director

ABSTRACTThe influence of corporate governance on firm performance has been discussed for a number of years, but mainly in a United States and European business context. This article investigates the composition of boards of directors in large Australian firms and analyses whether board structure has an impact on performance, as measured by return on equity and market-to-book value ratio. The results showed that outsider ratio and female director ratio were positively associated with firm performance, whereas board size and directors' age had no influence on firm performance.

Board Structure and Firm Performance: Evidence from Australia

2004 ◽  
Vol 10 (1) ◽  
pp. 14-24 ◽  
Author(s):  
Ingrid Bonn
Keyword(s):  
United States ◽  
Corporate Governance ◽  
Firm Performance ◽  
Boards Of Directors ◽  
Board Structure ◽  
Return On Equity ◽  
Book Value ◽  
Business Context ◽  
European Business ◽  
Female Director

ABSTRACTThe influence of corporate governance on firm performance has been discussed for a number of years, but mainly in a United States and European business context. This article investigates the composition of boards of directors in large Australian firms and analyses whether board structure has an impact on performance, as measured by return on equity and market-to-book value ratio. The results showed that outsider ratio and female director ratio were positively associated with firm performance, whereas board size and directors' age had no influence on firm performance.

scholarly journals PENGARUH EPS, ROE, ROA DAN DER TERHADAP HARGA SAHAM PADA PERUSAHAAN SUB SEKTOR SEMEN YANG TERDAFTAR DI BEI

2016 ◽  
Vol 2 (1) ◽  
pp. 1-22
Author(s):  
Asep Alipudin
Keyword(s):  
Stock Prices ◽  
Stock Exchange ◽  
T Test ◽  
Coefficient Of Determination ◽  
Test Results ◽  
Return On Assets ◽  
Return On Equity ◽  
Earnings Per Share ◽  
Equity Ratio ◽  
Positive Effect

The purpose of this study was to determine the effect of earnings per share (EPS), return on equity (ROE), return on assets (ROA) and debt to equity ratio (DER) to the price of shares in the sub-sector of cement which is listed on the Stock Exchange simultaneously. There is also the test used is the classic assumption test, test the coefficient of determination, t test, and F test results show earnings per share (EPS), return on equity (ROE), return on assets (ROA) and debt to equity ratio (DER) jointly positive effect on stock prices at a cement company listed on the Indonesia stock Exchange (BEI) in the period 2010-2014.Keywords: Earning per Share (EPS), Return on Equity (ROE), Return on Assets (ROA), dan Debt to Equity Ratio (DER)

scholarly journals The corporate governance structures of GLCs and NGLCs and firm performance in Malaysia

2011 ◽  
Vol 8 (2) ◽  
pp. 1
Author(s):  
Azmi Abd. Hamid
Keyword(s):  
Corporate Governance ◽  
Firm Performance ◽  
Univariate Analysis ◽  
Governance Structure ◽  
Governance Structures ◽  
Return On Assets ◽  
Corporate Governance Structure ◽  
Return On Equity ◽  
Significant Relationships ◽  
And Performance

This study examines the relationship between corporate governance structures and the performance of matched-pairs of Government Linked Companies (GLCs ) and Non-Government Linked Companies INGLCs). The empirical results indicate that there are eight statisticallv significant differences between the corporate governance structures of GLCs and NGLCs, thus providing a rationale for examining the association between corporate governance structure and firm performance of these two distinct groups. Accordingly, univariate and multivariate analyses were performed on two sample sets: GLCs and NGLCs. In the univariate analysis, only Board size (BSZ) exhibited a significant relationship with respect to firm performance, in contrast the multivariate analysis found no empirical evidence of a consistent relationship between corporate governance structure and performance, which was measured in relation to return On Assets (ROA) and Return On Equity (ROE) in GLCs and NGLCs over the same period. Statistically significant relationships were found across groupings and for different performance measures, but were not sustained across all the years considered. The results indicate that despite the identification of eight differences in the governance structures of GLCs and NGLCs, the observed differences in firm performance cannot be explained by governance structure. This finding supports the view that governance structures purely provide appropriate means to monitor company management rather than improve performance.

scholarly journals Pengaruh Struktur Kepemilikan Terhadap Kinerja Perusahaan Dimoderasi Oleh Karakteristik Dewan Komisaris

2021 ◽  
pp. 173-187
Author(s):  
Ilham Maulana ◽  
Muhammad Alkirom Wildan ◽  
Nurita Andriani
Keyword(s):  
Financial Performance ◽  
Ownership Structure ◽  
Firm Value ◽  
Company Performance ◽  
Return On Assets ◽  
Return On Equity ◽  
Service Companies ◽  
Negative Effect ◽  
The Relationship ◽  
Positive Effect

This study was conducted to examine the effect of proxied ownership structure using institutional ownership, foreign ownership and managerial ownership variables which are moderated by the characteristics of the board of commissioners as proxied by the size of the board of commissioners, and the proportion of independent board of commissioners on company performance as measured by the firm's financial performance. Proxied by return on assets and return on equity and firm value proxied by Tobin's Q and market to book ratio. With a total of 81 samples from financial service companies listed on the IDX in 2018 tested using WarpPLS 7.0, the researchers found that ownership structure has a negative effect on financial performance and firm value, the characteristics of the board of commissioners have a positive effect on financial performance and firm value, and only interaction characteristics the board of commissioners in the relationship between ownership structure and financial performance which can be a moderating variable. Keywords: Ownership Structure, Firm Performance, and Characteristics of The Board of Commissioners.  

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