scholarly journals The Impact of board characteristics on Firm Performance: Evidence from Nonfinancial Listed Companies in Kuwaiti Stock Exchange

2012 ◽  
Vol 2 (2) ◽  
pp. 310 ◽  
Author(s):  
Ebrahim Mohammed Al-Matari ◽  
Abdullah Kaid Al-Swidi ◽  
Faudziah Hanim Fadzil ◽  
Yahya Ali Al-Matari
Keyword(s):  
Firm Performance ◽  
Audit Committee ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Control Variable ◽  
Discussion Section ◽  
Ceo Duality ◽  
Board Characteristics ◽  
Positive Effects ◽  
The Impact

The core aim of this study is to examine the relationship between board characteristics and the firm performance of non-financial listed Kuwaiti firms. To achieve the objectives of the study, the data were collected from a sample of 136 companies for the financial year 2009. Variables such as CEO duality, COE tenure, audit committee size, board size and board composition were considered as predictors of the firm performance that was measured employing the return on assets (ROA). By contrast, the effects of CEO tenure and leverage on firm performance were found to be negative and significant at the chosen level of significance. To test the hypotheses of the study, multiple linear regression analysis using SPSS 18.0 was utilized. Using the firm size and leverage as a control variable, the findings of the study support the positive effects of CEO duality and audit committee size on ROA. Other findings of the study were discussed in the discussion section and some other future study directions were provided.

scholarly journals Corporate Governance Mechanisms and Firms’ Performance: An Empirical Analysis of Firms Listed on the Saudi Stock Exchange

2016 ◽  
Vol 6 (2) ◽  
pp. 101 ◽  
Author(s):  
Hamad Yuosef Alhumoudi
Keyword(s):  
Firm Performance ◽  
Stock Exchange ◽  
Positive Influence ◽  
Board Size ◽  
Cross Sectional ◽  
Ceo Duality ◽  
Ownership Structures ◽  
Board Characteristics ◽  
Corporate Governance Mechanisms ◽  
The Impact

This study examines whether implementation of internal CG mechanisms have affected the performance of non-financial firms listed on the Saudi stock exchange “Tadawul”, since the implementation of Saudi CG code. A cross-sectional regression analysis is employed on a sample of 118 non-financial Saudi firms in 2014, to test the hypotheses set out in the study. Board characteristics assessed include, board size, board composition, board meetings and CEO duality. Ownership structures include managerial and concentrated ownership. The study's empirical findings show board size and CEO duality, are amongst those board characteristics with a positive influence on firm performance. In the case of the second internal mechanisms of CG ownership structures, the findings suggest only managerial ownership positively affects performance. The study findings conclude that CG structures differ in every country, as each has its own social and regulations situation. The study contributes to existing literature about the CG in Saudi Arabia by reviewing the impact of CG practices eight years after the CGC. It enhances understanding among practitioners of CG, and explains how it influences firm performance in Saudi.

The Impact of Financial Distress, Corporate Governance, and Auditor Switching on Audit Delay

2021 ◽  
Vol 6 (2) ◽  
pp. 108-117
Author(s):  
Sylvi Angelia ◽  
Rizal Mawardi
Keyword(s):  
Corporate Governance ◽  
Financial Services ◽  
Financial Distress ◽  
Audit Committee ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Multiple Linear Regression Analysis ◽  
Auditor Switching ◽  
Analysis Technique ◽  
The Impact

Objective – The purpose of this study is to examine the effect between financial distress, corporate governance, auditor switching and audit delay. This research sample using data on a manufacturing company on the Indonesia Stock Exchange. Methodology – The analysis technique used is multiple linear regression analysis technique. Findings– The research finding show that financial distress and the size of the audit committee have a significant effect on audit delay, while the concentration of ownership, managerial ownership, change of directors, and auditor switching has no significant effect on audit delay. Second finding explain that consideration for companies listed on the Indonesia Stock Exchange to pay attention to the timeliness of submitting financial reports and independent auditor reports so as not to get sanctions from the Financial Services Authority. Novelty – Our novelty research using the relationship of Financial Distress, Corporate Governance and Auditor Switching on new research model to Audit Delay. Type of Paper: Empirical JEL Classification: M41, M42 Keywords: Financial Distress, Corporate Governance, Auditor Switching, Audit Delay

scholarly journals The Impact of Board Diversity, CEO Characteristics, and Board Committees on Financial Performance in the Case of Romanian Companies

2021 ◽  
Vol 15 (1) ◽  
pp. 7
Author(s):  
Bogdan Aurelian Mihail ◽  
Dalina Dumitrescu ◽  
Carmen Daniela Micu ◽  
Adriana Lobda
Keyword(s):  
Financial Performance ◽  
Audit Committee ◽  
Stock Exchange ◽  
Board Members ◽  
Board Diversity ◽  
Board Committees ◽  
Positive Effects ◽  
Governance Practices ◽  
The Impact ◽  
Ceo Characteristics

This paper examines the impact of board diversity, CEO characteristics, and board committees on the financial performance of the companies listed on the Bucharest Stock Exchange (BSE). In order to test the influence of these characteristics, detailed data on more than 70 firms are collected by hand, for the 2016–2020 period, and comprehensive regression models are estimated. The findings show that there are positive effects of board diversity especially with regard to the independent board members. In terms of the board committees, the audit committee is found to have a favourable influence. The regression coefficients imply that a 10% increase in the share of independent board members would be associated with a 0.93% increase in ROE. Based on these findings, it can be argued that improving the corporate governance practices of the companies listed on the BSE would increase the performance and the value of these firms.

scholarly journals BUSINESS RISK, FINANCIAL RISK AND FIRM PERFORMANCE AN EMPIRICAL STUDY OF INDONESIAN MANUFACTURING SECTOR

2020 ◽  
Vol 29 (1) ◽  
pp. 64
Author(s):  
Utami Prasetiawati
Keyword(s):  
Firm Performance ◽  
Financial Risk ◽  
Stock Exchange ◽  
Manufacturing Sector ◽  
Control Variable ◽  
Future Research ◽  
Statistical Tool ◽  
Return On Equity ◽  
Stock Market Investors ◽  
The Impact

Introduction: This paper empirically examines the impact of degree of operating leverage (DOL) and degree of financial leverage (DFL) to firm performance by using size as control variable. Firm performances used are return on equity (ROE) and market to book ratio (MTB).Methods: Statistical tool used is pooled regression while sample used is all Indonesian manufacturing firms listed in Indonesia Stock Exchange from 2009-2013.Results: The findings revealed that high fixed asset firms pose higher DOL compared to those of lower ones; and highly financial leveraged firms pose significantly higher DFL compared to those of lower financial leveraged ones. Further, both DOL and DFL impacting ROE in negative manner but only DOL is statistically significant, while all variables (DOL, DFL and Size) impacting MTB in negative manner but only size is statistically significant.Conclusion and suggestion: The finding shows that Indonesian stock market investors do not regard risks as important elements in making investment decisions. The findings, however, pose a quite low R squared value of 1.39% for ROE and 2.4% for MTB. This means only those percentage of ROE and MTB can be explained from the variables used in this research. Thus, the author encourge more variables should be included in the future research, including macro economic variables, as it is one of the key component in firm performance.

scholarly journals Pengaruh Proporsi Komisaris Independen, Jumlah Direktur, Jumlah Komite Audit, Kepemilikan Saham Institusional, Kepemilikan Saham Manajemen Dan Ukuran Perusahaan Terhadap Kinerja Keuangan Perusahaan

2018 ◽  
Vol 23 (3) ◽  
pp. 334 ◽  
Author(s):  
Herman Ruslim, Ieneke Santoso
Keyword(s):  
Firm Performance ◽  
Board Of Directors ◽  
Significant Influence ◽  
Audit Committee ◽  
Stock Exchange ◽  
Analysis Data ◽  
Descriptive Statistics ◽  
Sampling Process ◽  
Partial Analysis ◽  
The Impact

This study aims to test the impact ofindependent commissioner, board of directors, audit committee, ownership of institutional and management shares and size of firm to the firm performance of the firms listed at Indonesian Stock Exchange Index LQ45 for two consecutive years of the period  February 2014 to January 2016.  This study use the sampling data of 31 firms  The sampling is based on the method of purposive sampling.  Process of analysis data is carried out with analysis partially first and then analysis simultaneous.  The statistic method used is SPPS ( Statistical Product and Service Solution) to obtain descriptive statistics, correlation of variables and analysis of variance. The result of the partial analysis shows that there are two variable has significant influence to the firm performance which is portion of independent commissioner and ownership of institutional shares.  Whereas, the result of the simultaneous analysis has shows  significant impact.

scholarly journals Board of Directors, Audit Committee, Executive Compensation and Tax Avoidance of Banking Companies in Indonesia

2020 ◽  
Vol 3 (2) ◽  
pp. 199-213
Author(s):  
Utami Nuur Lailatul Idzniah ◽  
Yustrida Bernawati
Keyword(s):  
Corporate Governance ◽  
Executive Compensation ◽  
Board Of Directors ◽  
Audit Committee ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Control Variable ◽  
Tax Avoidance ◽  
Good Corporate Governance ◽  
The Board Of Directors

Tax avoidance is the hottest issue in the last five years. It is reinforced with the Tax Amnesty Program by the Directorate General of Taxation (DJP), which began in June 2016. Therefore, this study aims to obtain empirical evidence of the influence of good corporate governance and executive compensation on corporate tax avoidance. This study used 215 banking companies listed on the Indonesia Stock Exchange (IDX) for 2014-2018. This study using a purposive sampling method that produced 119 suitable samples. The analytical method used is multiple linear regression analysis through IBM SPSS Statistics 25 software. Computation of tax avoidance is proxied by computing of Effective Tax Rates (ETR). Good corporate governance is proxied by the size of the board of directors and the audit committee, and executive compensation is proxied by all director compensations. The size of the audit committee is a total of the audit committee in one period. The size of the board of directors is the total of the board committee in one period. This study used ROA and Leverage as a control variable. In this study, it was found that executive compensation and good corporate governance, which was proxied by the Size of the board of directors and the Size of the audit committee shown a positive effect on tax avoidance. Investors who do not want tax avoidance must pay attention to executive compensation and good corporate governance in the company. In contrast, control variables have not significant effect on tax avoidance.

scholarly journals CHARACTERISTICS OF BOARD OF DIRECTORS AND PERFORMANCE OF GEM LISTED COMPANIES FROM THE PERSPECTIVE OF VENTURE CAPITAL PARTICIPATION

2019 ◽  
Vol 22 (3) ◽  
pp. 311-350
Author(s):  
Yuan Yang ◽  
Yi Pan ◽  
Binku Yang ◽  
Wenli Huang
Keyword(s):  
Venture Capital ◽  
Board Of Directors ◽  
Stock Exchange ◽  
Chief Executive ◽  
Listed Companies ◽  
Independent Directors ◽  
Company Performance ◽  
Ceo Duality ◽  
Board Characteristics ◽  
The Impact

Using the difference-in-differences (DID) model and taking the sample of companies listed from 2009 to 2014 on the Growth Enterprises Market (GEM) of the Shenzhen Stock Exchange in China, this paper studies the impact of Venture Capital (VC) participation on board characteristics, which is measured by the chief executive officer (CEO) duality, the scale of the board of directors and the proportion of independent directors, and it also studies how the board characteristics influence the company performance. The findings are as follows: VC-backed GEM listed companies are more inclined to choose the mode of CEO duality and to have a larger board of directors and a higher proportion of independent directors, all of which are conducive to improving company performance.

scholarly journals The impact of board structure and ownership structure on firm performance: an evidence from blue chip firms listed in Indonesian stock exchange

2015 ◽  
Vol 12 (4) ◽  
pp. 344-351 ◽  
Author(s):  
Abdul Basyith ◽  
Fitriya Fauzi ◽  
Muhammad Idris
Keyword(s):  
Logistic Regression ◽  
Firm Performance ◽  
Ownership Structure ◽  
Audit Committee ◽  
Stock Exchange ◽  
Board Structure ◽  
The Impact ◽  
Blue Chip

This study attempts to investigate the impact of board structure and ownership structure on firm performance of blue chip firms listed in Indonesia Stock Exchange. Blue chip firms is referred as LQ45 in Indonesian Stock Exchange, and it consists of 45 the most liquid firms among other firm listed in Indonesian Stock Exchange. Using balanced panel of 45 blue chip firms which spans from 2010 to 2014; this study employs a logistic regression. The findings reveal that apart from independent commissioner and audit committee, all variables have a significant impact on firm performance.

scholarly journals The Impact of Board Characteristics on Corporate Social Responsibility Disclosure: Evidence from Nigerian Food Product Firms

2014 ◽  
Vol 1 (12) ◽  
pp. 34-45 ◽  
Author(s):  
Muhammad Aminu Isa ◽  
Sabo Muhammad
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Stock Exchange ◽  
Control Variable ◽  
Negative Relationship ◽  
Food Product ◽  
Board Characteristics ◽  
Corporate Social Responsibility Disclosure ◽  
Corporate Social ◽  
The Impact

This study examines the impact of Board Characteristics on Corporate Social Responsibility Disclosure of listed food product firms in Nigeria over the period 2005-2014. A sample of six firms out of eleven food product firms listed on the floor of Nigerian Stock Exchange was studied. The study made use of secondary data generated from Annual Reports and Accounts of the sampled firms and the Nigerian Stock Exchange Fact book. The data was analyzed by means of descriptive statistics, correlation and regression analysis using STATA (version 12) package. The study reveals that board size and women on board show a significant positive association with corporate social responsibility disclosure of the sample firms. While managerial ownership shows a significant negative effect on corporate social responsibility disclosure. However, board independence indicates an insignificant association with corporate social responsibility disclosure. While the control variable (Size) shows an insignificant negative relationship with corporate social responsibility disclosure. Based on the findings, the study recommends among others, that firms in the food product should have a competent size of 9 to 15 of board members, so as to encourage corporate social responsibility disclosure. Also, the proportion of non-executive directors on the board should be maintained and the appointment should be strictly based on experience and expertise as this will also ensure more corporate social responsibility disclosure. Also, women participation on the board should be encouraged as much as possible since women may have different skills compared to their men counterpart as this will help in ensuring full disclosure of all CSR related information.

scholarly journals Pengaruh Profitabilitas, Leverage, Ukuran Perusahaan dan Gcg terhadap Firm Value

2020 ◽  
Vol 20 (1) ◽  
pp. 179
Author(s):  
Rekno Agustina ◽  
Kartika Hendra Titisari ◽  
Endang Masitoh
Keyword(s):  
Real Estate ◽  
Firm Value ◽  
Audit Committee ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Secondary Data ◽  
Test Method ◽  
Company Size ◽  
Manufacturing Company ◽  
The Impact

This research aims to know and analyze the impact of profitability, leverage, company size and Good Corporate Governance of Firm Value in the manufacturing company of Sub-sector Property and Real Estate listed on the stock Exchange Indonesia period in 2016-2018.  The population of this weaver is the entire Property and Real Estate Sub-sector company listed on the IDX. The use of samples in research using Purposive Sampling with certain criteria thus obtained 70 samples of data to be researched. The data used is secondary data sourced from financial statements. This study used the test method of double Linear regression analysis. From the test, it can be exceeded that profitability and the Commonwealth Council affect the value of the company. Meanwhile, Leverage, company size, and Audit Committee do not affect the company's value in manufacturing company Sub-sector Property and Real Estate period from 2016-2018.

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