HUBUNGAN SIMULTAN ANTARA AKTIVITAS PENGAWASAN PERUSAHAAN DENGAN KINERJA PERUSAHAAN DI BURSA EFEK INDONESIA

2018 ◽  
Vol 2 (1) ◽  
pp. 63
Author(s):  
Habibatur Ridhah
Keyword(s):  
Firm Performance ◽  
Stock Exchange ◽  
Primary Objective ◽  
Family Ownership ◽  
Debt Ratio ◽  
Monitoring Activity

The primary objective of this research is to test the simultaneous relationship between board of commisioner monitoring activity and firm performance on a sample that consist of 156 companies quoted in Indonesia Stock Exchange. This study found that monitoring activity that performed by board of comissioner affect the firm performance, and vice versa, firm performance also affect the monitoring activity.. Further this research found that family ownership and debt ratio of company affected the monitoring activity that performed by Board of Commissioner. Tujuan utama dari penulisan studi ini adalah untuk melakukan pengujian hubungan simultan antara aktivitas pengawasan dewan komisaris dan kinerja perusahaan dengan menggunakan sampel sebanyak 156 perusahaan. Penelitian ini menemukan bukti bahwa aktivitas pengawasan perusahaan dapat mempengaruhi kinerja perusahaan, begitu juga sebaliknya, kinerja perusahaan dapat mempengaruhi aktivitas pengawasan perusahaan yang dilakukan oleh dewan komisaris. Studi ini juga menemukan bahwa jumlah kepemilikan keluarga, dan tingkat hutang mempengaruhi frekuensi aktivitas pengawasan yang dilakukan oleh dewan komisaris.

scholarly journals DO FINANCIAL RATIOS, FIRM CHARACTERISTICS AND CORPORATE GOVERNANCE AFFECT FIRM PERFORMANCE?

2019 ◽  
Vol 20 (1) ◽  
pp. 45-50
Author(s):  
JENNY ◽  
SILVY CHRISTINA
Keyword(s):  
Regression Analysis ◽  
Firm Performance ◽  
Firm Size ◽  
Stock Exchange ◽  
The Other ◽  
Debt Ratio ◽  
Firm Characteristics ◽  
Firm Age ◽  
Board Size ◽  
Size Firm

The purpose of this research is to provide evidence about variables that influence firm performance. These variables are board size, debt ratio, firm size, firm age, return on asset, and independent board. Sample of this research are 67 manufactured companies listed in Indonesia Stock Exchange. The sample selected using purposive method, during the 2013 until 2015. Hypothesis tested by using multiple regression analysis. In this research, firm performance were measured by Tobin’s Q. The result of this research shows that debt ratio, firm size, return on asset and independent board have influence on firm performance. The other variables such as board size and firm age have no influence on firm performance.

Does Governance Structure Matter In Post-Spinoff?

2020 ◽  
Vol 11 (1) ◽  
pp. 34-34
Author(s):  
Norazlan Alias ◽  
Mohd Hasimi Yaacob ◽  
Nahariah Jaffar
Keyword(s):  
Firm Performance ◽  
Capital Structure ◽  
Stock Exchange ◽  
Governance Structure ◽  
Independent Directors ◽  
Board Structure ◽  
Debt Ratio ◽  
Return On Assets ◽  
Listed Firms ◽  
Size Number

This study examines corporate governance role in the post spinoff from the perspective of the new entity or spinoff firm. Using yearly data of Bursa Malaysia (formerly known as Kuala Lumpur Stock Exchange) listed firms that announced and completed their spinoff exercises, for the period of 1994 to 2015. We focused on the new entity or spinoff firm's governance structure represented by board size, number of independent director and director's ownership. No variables were significant in direct effect term but the number of independent directors and percentage of directors' ownership respectively interact positively significant with debt ratio on firm performance measured by return on assets (ROA). This study recommends more board of directors' ownership and independent directors respectively for the new entity to optimize its capital structure policy as reflected in firm's debt ratio as shown by an increase in firm performance following a spinoff. In other words, an increase in board of directors'ownership and independent directors in board composition would negate risk associated with increasing debt in firm's capital structure. Keywords: Board Structure, Ownership Structure, Spinoff

Influence of Family Ownership and Governance on Performance: Evidence from India

2020 ◽  
pp. 097215091988071 ◽  
Author(s):  
Aman Srivastava ◽  
Shikha Bhatia
Keyword(s):  
Firm Performance ◽  
Family Involvement ◽  
Positive Impact ◽  
Stock Exchange ◽  
Emerging Market ◽  
External Environment ◽  
Family Ownership ◽  
Data Set ◽  
The Relationship ◽  
Measures Of Performance

This study examines how firm performance is impacted by family ownership and governance in an emerging market. Employing a panel data set of listed companies from National Stock Exchange (NSE) of India for the period 2011–2017, this study analyses the relationship between family ownership and firm performance while controlling for variables like impact of external environment and characteristics of firms. The performance of firms is measured by accounting measures of performance and Tobin’s Q. The findings of this study suggest that family ownership and firm performance have a nonlinear relationship and family ownership has a positive impact on firm performance till a certain point and after that it starts affecting firm performance negatively. This study also finds that family involvement in governance positively affects the firm performance.

scholarly journals MAJORITY SHAREHOLDER : LARGE SHAREHOLDER, FAMILY OWNERSHIP, INSTITUTION OWNERSHIP AND ITS IMPACT ON FIRM PERFORMANCE

2018 ◽  
Vol 3 (1) ◽  
pp. 16-27
Author(s):  
Artalia Indah Roossiana ◽  
Yosman Bustaman
Keyword(s):  
Firm Performance ◽  
Stock Exchange ◽  
Panel Data Analysis ◽  
Cash Flows ◽  
Family Ownership ◽  
Accounting Performance ◽  
Large Shareholder ◽  
Negative Effect ◽  
The Impact ◽  
Majority Shareholder

We investigate the impact of majority shareholder that categories as large shareholder, family ownership and institution ownership on the firm performance measured bu accounting performance ROA and market performance namely Tobin Q. This research concentrate on Consumer Goods Sector Companies listed on the Indonesia Stock Exchange (IDX) covering from year 2011 to year 2014. We use unbalanced panel data analysis. After controlling with firm specific variables; such as size of company, age, leverage, growth and macro economic variables, we find that large shareholder without knowing who the owners are do not effect the firm performance. However, when the family and institution become dominance in controlling the company, market reacts negatively. It might occur because market perceives negative effect of disgorging cash by family and institutional that cause lower distribution profit for other minority shareholder in the market. Our finding provides the signal for company which majority of shareholder need to provide more transparance report on flowing the cash flows of company. Additionally for the new investors who expect to have capital gain on the investment must take fully concern on this condition, because their value of investment could decrease and get loss if they invest in this type of companies.

Family Ownership and Firm Performance

2014 ◽  
Vol 5 (4) ◽  
pp. 34-47
Author(s):  
Pradeep Dharmadasa
Keyword(s):  
Firm Performance ◽  
Sri Lanka ◽  
Ownership Structure ◽  
Stock Exchange ◽  
Negative Relationship ◽  
Curvilinear Relationship ◽  
Family Ownership ◽  
Single Individual ◽  
Negative Effects ◽  
The Relationship

Numerous studies have focused on ownership structure and firm performance. In recent years a growing amount of research has recognized the importance of family-controlled firms (FCFs) where ownership concentrates on single individual or family. Despite many important insights, however, significant gaps in the literature remain. Studies have produced divergent findings about the performance of FCFs, leading to calls for further research. Utilizing 151 and 753 firm-years of FCFs drawn from the Colombo Stock Exchange, Sri Lanka, and the Tokyo Stock Exchange, Japan, respectively during 2011-2013, this study examines the relationship between family ownership and firm performance. Regression results show conflicting findings in that family ownership has a positive relationship with firm performance in Japan whereas a negative relationship is found in Sri Lanka. In sum, finding supports that view of the extant studies that family ownership and firm performance have a curvilinear relationship meaning that ownership concentration beyond a certain point likely creates entrenchment and consequently negative effects on performance.

scholarly journals Pengaruh Kepemilikan Keluarga dan Good Corporate Governance Terhadap Kualitas Laba dan Kinerja Perusahaan

2017 ◽  
Vol 2 (1) ◽  
pp. 73
Author(s):  
Anna Mathova ◽  
Halim Dedy Perdana ◽  
Isna Putri Rahmawati
Keyword(s):  
Corporate Governance ◽  
Firm Performance ◽  
Institutional Ownership ◽  
Performance Model ◽  
Family Ownership ◽  
Debt Ratio ◽  
Analysis Method ◽  
Quality Model ◽  
Good Corporate Governance ◽  
Earning Quality

This research is purposed to find out the effect of family ownership and Good Corporate Governance toward the earning quality and firm performance of the company listed in Indonesian Stock Exchange from 2012 up to 2014. The sample of this research is using 153 companies for the earning quality model and 137 companies for firm performance model in Indonesia from 2012 up to 2014. The sampling is done using purposive sampling method. The analysis method used is multiple linear regression analysis method using SPSS version 21.00. The result of the regression testing of earning quality model shows that only debt ratio influent the earning quality, while family ownership, institutional ownership, independent commissioner, type audit and payout ratio do not.  The test for the firm performance shows that the institutional ownership, independent commissioner, type audit and payout ratio are influencing the firm performance while the family ownership and debt ratio are not.

scholarly journals CARBON CREDIT DAN FAKTOR-FAKTOR LAIN YANG BERPENGARUH TERHADAP KINERJA PERUSAHAAN PADA PERUSAHAAN MANUFAKTUR

2018 ◽  
Vol 19 (2) ◽  
pp. 157-169
Author(s):  
RIKI SANJAYA
Keyword(s):  
Firm Performance ◽  
Stock Exchange ◽  
Debt Ratio ◽  
Manufacturing Companies ◽  
Firm Age ◽  
Carbon Credit ◽  
Growth Opportunities ◽  
Tax Shield ◽  
Basic Industry ◽  
Debt Tax Shield

The objectives of this research is to test and analyze whether growth opportunities, firm size, cash ratio, firm age, carbon credit, debt ratio and non-debt tax shield have influence to firm performance. This study was also to find something new which seldom to do with researchers in Indonesian about carbon credit and improve consistency of results from prior researchers. Sample in this research are manufacturing companies with industry classification basic industry and chemicals, which are listed from December 2010 until December 2015 in Indonesian Stock Exchange with research time period from 2010 until 2015. Only 40 companies meet the criteria and taken as samples. The samples of this research collected using purposive sampling. This research used multiple regression. The result of this research show that firm size and debt ratio influence firm performance on manufacturing companies with industry classification basic industry and chemicals listed in Indonesian Stock Exchange. On the other hand growth opportunities, cash ratio, firm age, carbon credit and non-debt tax shield not influence firm performance. While simultaneously, all the variables in this research influence firm performance.

scholarly journals FOUNDING FAMILY OWNERSHIP AND FIRM PERFORMANCE: EMPIRICAL EVIDENCE FROM CONSUMER GOODS INDUSTRY IN INDONESIA

2012 ◽  
Vol 4 (2) ◽  
pp. 112-131
Author(s):  
Margareta Bambang ◽  
Marko S. Hermawan
Keyword(s):  
Firm Performance ◽  
Significant Influence ◽  
Consumer Goods ◽  
Family Firms ◽  
Stock Exchange ◽  
Negative Influence ◽  
Family Ownership ◽  
Negative Contribution ◽  
Founding Family ◽  
Profit Manipulation

This research investigates the significant influence of family ownership on firm performance in order to provide information to decision makers and other interested parties. The analysis includes comparisons between family and non-family firm performance in Indonesia. The samples are taken from 31 consumer goods companies, listed on the Indonesian Stock Exchange, ranging from 2005 to 2009. The results show that non-family firms perform better than family firms and no significant influence between family ownership and firms’ profitability. On the other hand, family ownership has negative contribution to firm market valuation. The study suggests that family firms have lower financial performance than that of non-family.  Family members within the top position have major control rights and contribute a negative influence to firm performance. The evidence raises concerns about possible profit manipulation and weak governance law in Indonesia, and as a result there is an expropriation of wealth to the majority and family related shareholders.

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