rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    non sort: The
    title: effect of corporate governance on firm performance in Indonesia shariah compliant companies
  name:
    name part: Hekmatyar, Muhammad Salahuddin
    role:
      role term: creator
    role:
      role term: author
  name:
    name part: International Islamic University Malaysia
    name part: Institute of Islamic Banking and Finance.
  genre: Theses, IIUM local
  origin info:
    place:
      place term: my
    date issued: 2019
  language:
    language term: eng
  physical description:
    extent: xi,104 leaves : illustrations. ; 30cm.
  abstract: The practice of Corporate Governance (CG) is believed as one of the most important part in a corporate which acts as a tool on strategical decision that will lead companies into the better or worse performance. The discussion over the effect of corporate governance on firm performance and based on those researches there is no any consensus in term of how CG should behave. On the other hand, from Islamic point of view, value creation is more encouraged rather than value destruction, additionally, in Islam wealth distribution also encouraged compares to merely profit maximisation. This study aims to investigate the effect of CG variables to firm performance in Shariah Compliant companies in Indonesia. The CG variable used are: board size (BS), board independent (BI), Concentrated Ownership (CO), Ownership Identity (OI), and Largest Shareholder (LS). On top of that, Indonesia is classified as a developing country which ownership highly concentrated and most companies own by family clan. Whereas value of company measured by two methods namely accounting method with return on asset (ROA) and return on equity (ROE), and market-based method with Tobin's Q (Q) ratio as the proxy. This research also covering further the extension of the quantitative findings with respect to Islamic theory. This study utilises 287 companies as sample from Indonesia Shariah compliant companie over the span 2010-2015 which generated 1772 observations. By employing Generalized Method of Moment (GMM) regression with three different models, the finding shows BS and CO has a positive significant effect on Q whereas, LS has a negative significant effect on Q. At the second Model, BI has a positive significant effect on ROA and LS has a negative significant effect on ROA. Another model in this study depicts that BS has a negative significant effect on ROE while BI has a positive significant effect on ROE. In accordance of the three-model comparison it can be said that the independent director is able…
  note: by Muhammad Salahuddin Hekmatyar
  note: Thesis (MIBF)--International Islamic University Malaysia, 2019.
  note: Includes bibliographical references (leaves 84-92).
  subject:
    geographic code: a-my---
  identifier: https://lib.iium.edu.my/mom/services/mom/document/getFile/kTBmZZGjbTYpTW3mz14nlVA8EH8TF22120200713123412484
  record info:
    record content source: UIAM
    record creation date: 190829
    language of cataloging:
      language term: eng