scholarly journals PENGARUH DIVERSIFIKASI DAN INSIDER OWNERSHIP TERHADAP CORPORATE GOVERNANCE DAN NILAI PERUSAHAAN

2018 ◽  
Vol 12 (2) ◽  
pp. 206-236
Author(s):  
Istianingsih Sastrodiharjo
Keyword(s):  
Corporate Governance ◽  
Firm Value ◽  
Structural Equation ◽  
Stock Exchange ◽  
The Other ◽  
Equation Approach ◽  
Insider Ownership ◽  
Annual Reporting ◽  
Governance Practice ◽  
Corporate Governance Practice

The objective of this study is to examine the effect of diversification and insider ownership on firm value. The sample used in this study is 95 firm's annual reporting from companies listed in Jakarta Stock Exchange in 2015. Structural Equation Approach used in this study to examine the effect of diversification and the other variable together on the firm value and the corporate governance.The results of this study show that diversification significantly affects the insider ownership. Furthermore, business diversification negatively significant affects the firm value. On the other hand, I find no evidence of the effect of diversification on the corporate governance index. The result of this study is different from the previous study in another country. The different result may be caused by the different international corporate governance practice.

scholarly journals Pengaruh E-Banking dan Good Corporate Governance terhadap Kinerja Perbankan di Indonesia

2019 ◽  
Vol 1 (1) ◽  
pp. 21-30
Author(s):  
Wisnu Handoyo Murti
Keyword(s):  
Corporate Governance ◽  
Digital Technology ◽  
Stock Exchange ◽  
Panel Regression ◽  
Digital Era ◽  
Good Corporate Governance ◽  
Governance Practice ◽  
Planning Strategies ◽  
Corporate Governance Practice ◽  
Positive Effect

This study aims to examine the effect of e-banking and the implication of good corpoarte governance on banks performance. The rapid movement of digital technology in dealing with transaction provides both challange and opportunities. Banks, should understand the digital trend to survive in digital era, while the good corporate governance practice will impact banks performance through planning strategies and decision making. This paper use panel regression to analyze the data, and banks that listed in Indonesia Stock Exchange is used as sample. The result indicates that e-banking, board size, and institutional ownership do not statistically significant in influencing banks performance. While ownership concentration and independent commissioner has positive effect on banks performance.

scholarly journals An Overview of Corporate Governance Practice in Companies Listed on the Libyan Stock Market

2021 ◽  
Vol 7 (3) ◽  
pp. 287-304
Author(s):  
Salem Amara
Keyword(s):  
Developing Countries ◽  
Corporate Governance ◽  
Stock Market ◽  
Stock Exchange ◽  
International Standards ◽  
Emerging Stock Markets ◽  
Oecd Principles ◽  
Governance Practices ◽  
Governance Practice ◽  
Corporate Governance Practice

The corporate governance concept has recently become a major issue in the corporate practices of both developed and developing countries alike. Corporate governance is considered to be a tremendously important topic in many countries around the world; specifically within the emerging stock markets in order to protect the minority of shareholders. The aim of this research is to investigate corporate governance practices in companies listed on the Libyan stock exchange. In particular, to investigate whether corporate governance practices in these companies meet international standards of corporate governance and to identify the main obstacles to implementing them. The concept of corporate governance, corporate governance practices in developing countries, the Libyan stock market and OECD principles of corporate governance were discussed. A close-ended questionnaire was the main method for data collection. 100 questionnaires were distributed to the participants of the study, and only 76 questionnaires usable for analysis were received. Several issues related to corporate governance, depending on OCED principles, were investigated. The results revealed that corporate governance practice in the companies under investigation fit with OCED principles of corporate governance in some aspects and do not fit in others. Furthermore, the most important obstacles were perceived impeding corporate governance practice in companies listed in the Libyan stock market are "lack of compliance with the laws governing the work of companies" and "high cost of applying corporate governance rules". (JEL G30) Keywords: Corporate governance, the Libyan stock exchange, developing countries, OCED principles of corporate governance

scholarly journals Corporate Governance Practice, Net Income Growth and Net Profit Margin: Evidence from Selected Commercial Banks in an Emerging Economy in Sub Saharan Africa – Nigeria

2020 ◽  
pp. 1-15
Author(s):  
Benson Aisagbonbuomwan Esan ◽  
Amalachukwu Chijindu Ananwude ◽  
John Nonso Okoye
Keyword(s):  
Corporate Governance ◽  
Commercial Banks ◽  
Stock Exchange ◽  
Profit Margin ◽  
Sub Saharan Africa ◽  
Income Growth ◽  
Net Income ◽  
Net Profit ◽  
Governance Practice ◽  
Corporate Governance Practice

This study presents a re-examination of how net income growth and net profit margin of selected commercial banks quoted on the Nigerian Stock Exchange (NSE) are affected by corporate governance practice for the period 2005 to 2017. The Panel Ordinary Least Square (POLS) was employed to determine the relationship between corporate governance practice, net income growth and net profit margin of commercial banks, while the granger causality technique was followed in evaluating the effect of corporate governance variables on net income growth and net profit margin. After performing the analysis, we found that it is only age of the board as a corporate governance variable that significantly affect net profit margin of selected commercial banks. With respect to the banks’ specific fundamentals, it was the debt structure that significantly influenced net profit margin. We concluded hereby that corporate governance practice has little effect in predicting net income growth and net profit margin of commercial banks quoted on the Nigerian Stock Exchange on the argument that it is only the board age that influenced net profit margin significantly. We are of the opinion and still maintain that appointment into the board should be on the bases of age and experience not on friendship or relation. A young vibrant mind with skills and required experience can bring a lot of innovative ideas that is capable of even skyrocketing profitability to the amazement of shareholders. This is not to say that elderliness is an incapacitating factor in that regard.

Corporate Governance, Cash Holdings, and Firm Value: Evidence from Japan

2005 ◽  
Vol 08 (04) ◽  
pp. 613-636 ◽  
Author(s):  
Qi Luo ◽  
Toyohiko Hachiya
Keyword(s):  
Corporate Governance ◽  
Significant Role ◽  
Firm Value ◽  
Stock Exchange ◽  
Cash Holdings ◽  
Agency Problems ◽  
Insider Ownership ◽  
Negative Relation ◽  
Japanese Firms ◽  
The Impact

This paper presents evidence on cash holdings for Japanese firms listed on the Tokyo Stock Exchange, focusing on the impact of corporate governance factors in cash holdings and the implication of cash holdings to firm value. We find that insider ownership and bank relations of firms play a significant role in determining cash holdings. Our results indicate that foreign stockholders select profitable firms to invest, and these firms have higher levels of cash. We document evidence that cash holdings lead to agency problems and impact firm value negatively, and governance characteristics affect the negative relation between cash holdings and firm value.

scholarly journals Good corporate governance and firm value: the role of corporate social responsibility

2017 ◽  
Vol 14 (4) ◽  
pp. 328-336 ◽  
Author(s):  
Tigor Sitorus ◽  
Tivia Venica Tami Sitorus
Keyword(s):  
Corporate Governance ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Firm Value ◽  
Structural Equation ◽  
Stock Exchange ◽  
Equation Modeling ◽  
Good Corporate Governance ◽  
Corporate Social ◽  
Relationship Of

This study aims to extend the relationship of Good Corporate Governance with Firm Value, throughout propose and fill the Corporate Social Responsibility as mediate variable at the banks of Indonesia government, listed in Indonesia Stock Exchange in 2012. The Structural Equation Modeling used to analysis the 120 data observed from the financial statement and other documents of five banks, six branches per bank, for four years, These findings are consistent with the expectation that applying of Corporate Social Responsibility, where the Good Corporate Governance directly has no significant effect on the increase of firm value, but has a significant effect on the implementation of Corporate Social Responsibility, so by applying the Corporate Social Responsibility, the firm value becomes significantly increased, it proves that Corporate Social Responsibility acts perfectly as a mediating variable over Good Corporate Governance and firm Value.

Audit Committee Effectiveness Among Malaysian Listed Companies

2020 ◽  
Author(s):  
Shamsul Nahar Abdullah ◽  
Ku Nor Izah Ku Ismail
Keyword(s):  
Corporate Governance ◽  
Audit Committee ◽  
Stock Exchange ◽  
Listed Companies ◽  
The Other ◽  
Interactive Effects ◽  
Committee Chairman ◽  
Kuala Lumpur ◽  
Political Costs ◽  
Leadership Structure

This study investigates further the previous paper by Shamsul Nahar and Al-Murisi (1997) by examining the interactive effects of the variables in that paper and introducing other variables associated with corporate governance and political costs. The present study postulated that percentage of external directors on audit committee interacted with the presence of an accountant on audit committee and with the number of years an audit committee in existence, respectively, to influence audit committee effectiveness. The study also posited that the interaction of the presence of an accountant on audit committee and the number of years an audit committee in existence positively and significantly influenced audit committee effectiveness. Addition. ally, the roles of leadership structure, audit committee chairman, and a firm's size on audit committee effectiveness were also investigated. Using a multiple regression from a sample consisting the Kuala Lumpur Stock Exchange listed companies, results showed that only a firm's size significantly influenced audit committee effectiveness in the predicted direction. Other variables, on the other hand, did not show any significant influence on audit committee effectiveness.  

Pengaruh Kinerja Keuangan dan Good Corporate Governance (GCG) Terhadap Nilai Perusahaan

MBIA ◽  
2019 ◽  
Vol 17 (2) ◽  
pp. 1-10
Author(s):  
Rolia Wahasusmiah
Keyword(s):  
Corporate Governance ◽  
Firm Value ◽  
Sampling Method ◽  
Total Population ◽  
Annual Report ◽  
Stock Exchange ◽  
Secondary Data ◽  
Positive Influence ◽  
Manufacturing Companies ◽  
Good Corporate Governance

This study aims to determine the effect of financial performance and good corporate governance (GCG) on the value of companies in manufacturing companies listed on the stock exchange Indonesia. The type of data used is secondary data in the form of annual report 2016. Population used in this study are all companies listed on the Indonesia Stock Exchange (BEI). This research uses purposive sampling method with total population of 144 companies and sample of 31 companies. The results show that simultaneously ROA, OPM, NPM, KM, and KI have a positive influence on firm value. While partially ROA  have a positive influence on firm value. While OPM, NPM, KM, and KI have no positive influence on firm value).

Implementasi Tata Kelola Perusahaan Terhadap Nilai Perusahaan: Studi Empiris pada Perusahaan di Indonesia

2016 ◽  
Vol 7 (2) ◽  
pp. 1-17
Author(s):  
Patricia Diana
Keyword(s):  
Developing Countries ◽  
Corporate Governance ◽  
Financial Performance ◽  
Firm Value ◽  
Stock Exchange ◽  
Investment Decision ◽  
International Market ◽  
Self Assessment ◽  
Result Show ◽  
Observation Period

Indonesia as one of developing countries should prepare for intense business competition in international market by continuously improving their financial performance which reflected by profitability enhancement. In order to achieved this goals, companies should build synergic relationship between stakeholders. Implementation of corporate governance is believed can assist companies in improving firm value by minimizing cost and maximize companies’ profit. This study aims to investigate the effect of corporate governance implementation on Indonesian companies. Corporate Governance Perception Index (CGPI) which establish by Indonesian Institute of Corporate Governance (IICG) used as proxy for corporate governance implementation, and ROA used as proxy for firm value. All the data obtain from Indonesia Stock Exchange (IDX) database and period 2008 to 2012 used as observation period. The result show that implementation of corporate governance has significant effect with firm value proxy by ROA. This study also concludes that market will be more concern on CGPI which generated through documentation and presentation indicators and also observation indicators rather than self-assessment indicators. This indicates that market would trust the information which comes from independen external parties. The result will be useful for investor in making their investment decision which based on profitability consideration. Keywords: Corporate Governance, CGPI, ROA, profitability

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