The Role Of Consistency In Sharia Status On The Relationship Between Internal Corporate Governance Mechanisms And Investors’ Confidence: Evidence Among Indonesian Sharia Compliant Companies

Kegawatan pasaran saham yang dicetuskan oleh skandal perniagaan, penipuan perdagangan, dan kegagalan bank telah menyebabkan keyakinan pelabur menjunam. Berdasarkan latar belakang ini, syarikat-syarikat yang mematuhi Shariah, walaupun bahagian pasaran modalnya adalah kecil berbanding pelaburan ko...

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Main Author: Wijayanti, Risna
Format: Thesis
Language:English
Published: 2016
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Online Access:http://eprints.usm.my/31473/1/RISNA_WIJAYANTI_24.pdf
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spelling my-usm-ep.314732019-04-12T05:25:25Z The Role Of Consistency In Sharia Status On The Relationship Between Internal Corporate Governance Mechanisms And Investors’ Confidence: Evidence Among Indonesian Sharia Compliant Companies 2016-03 Wijayanti, Risna HF5001-6182 Business Kegawatan pasaran saham yang dicetuskan oleh skandal perniagaan, penipuan perdagangan, dan kegagalan bank telah menyebabkan keyakinan pelabur menjunam. Berdasarkan latar belakang ini, syarikat-syarikat yang mematuhi Shariah, walaupun bahagian pasaran modalnya adalah kecil berbanding pelaburan konvensional, mengalami pertumbuhan luar biasa akibat daripada permintaan pelabur yang tinggi bagi pematuhan korporat dengan standard etika dan tadbir urus korporat yang lebih baik. Untuk menangani jurang perbezaan ini, kajian ini memeriksa pengaruh maklumat mengenai kualiti kawalan dalaman (proses lembaga pengarah, struktur lembaga pengarah, komposisi lembaga pengarah, dan karakteristik lembaga pengarah) keatas keyakinan pelabur, serta kesan interaksi yang konsisten dalam status patuh Shariah keatas kualiti hubungan antara mekanisme dalaman tadbir urus korporat (proses lembaga pengarah, struktur lembaga pengarah, komposisi lembaga pengarah, dan karakteristik lembaga pengarah) dan keyakinan pelabur. Kajian ini menganalisa 227 sampel syarikat bukan kewangan yang terdapat dalam Senarai Shariah Sekuriti (DES) di Indonesia dengan menggunakan descriptive statistics, t-tests, and moderated multiple regressions. Stock market turmoil triggered by business scandals, trading fraud, and bank failures has caused investor confidence to plummet. However, against that background, Sharia-compliant companies though relatively small in terms of market shares compared to their conventional counterparts have experienced phenomenal growth due arguably to high investor requirements for corporate compliance with ethical standards and improved corporate governance. To address this gap, this study examines the influence of information relating to the quality of internal corporate governance mechanisms (board process, board structure, board composition, and board characteristic) on investor confidence, and the influence of consistency in Sharia compliant status on the quality of the relationship between internal corporate governance mechanisms and investor confidence. A total of 227 samples of nonfinancial companies from the Sharia Securities (DES) in Indonesia was analysed using descriptive statistics, t-tests, and moderated multiple regressions. 2016-03 Thesis http://eprints.usm.my/31473/ http://eprints.usm.my/31473/1/RISNA_WIJAYANTI_24.pdf application/pdf en public phd doctoral Universiti Sains Malaysia Pusat Pengajian Siswazah Perniagaan (Graduate School of Business)
institution Universiti Sains Malaysia
collection USM Institutional Repository
language English
topic HF5001-6182 Business
spellingShingle HF5001-6182 Business
Wijayanti, Risna
The Role Of Consistency In Sharia Status On The Relationship Between Internal Corporate Governance Mechanisms And Investors’ Confidence: Evidence Among Indonesian Sharia Compliant Companies
description Kegawatan pasaran saham yang dicetuskan oleh skandal perniagaan, penipuan perdagangan, dan kegagalan bank telah menyebabkan keyakinan pelabur menjunam. Berdasarkan latar belakang ini, syarikat-syarikat yang mematuhi Shariah, walaupun bahagian pasaran modalnya adalah kecil berbanding pelaburan konvensional, mengalami pertumbuhan luar biasa akibat daripada permintaan pelabur yang tinggi bagi pematuhan korporat dengan standard etika dan tadbir urus korporat yang lebih baik. Untuk menangani jurang perbezaan ini, kajian ini memeriksa pengaruh maklumat mengenai kualiti kawalan dalaman (proses lembaga pengarah, struktur lembaga pengarah, komposisi lembaga pengarah, dan karakteristik lembaga pengarah) keatas keyakinan pelabur, serta kesan interaksi yang konsisten dalam status patuh Shariah keatas kualiti hubungan antara mekanisme dalaman tadbir urus korporat (proses lembaga pengarah, struktur lembaga pengarah, komposisi lembaga pengarah, dan karakteristik lembaga pengarah) dan keyakinan pelabur. Kajian ini menganalisa 227 sampel syarikat bukan kewangan yang terdapat dalam Senarai Shariah Sekuriti (DES) di Indonesia dengan menggunakan descriptive statistics, t-tests, and moderated multiple regressions. Stock market turmoil triggered by business scandals, trading fraud, and bank failures has caused investor confidence to plummet. However, against that background, Sharia-compliant companies though relatively small in terms of market shares compared to their conventional counterparts have experienced phenomenal growth due arguably to high investor requirements for corporate compliance with ethical standards and improved corporate governance. To address this gap, this study examines the influence of information relating to the quality of internal corporate governance mechanisms (board process, board structure, board composition, and board characteristic) on investor confidence, and the influence of consistency in Sharia compliant status on the quality of the relationship between internal corporate governance mechanisms and investor confidence. A total of 227 samples of nonfinancial companies from the Sharia Securities (DES) in Indonesia was analysed using descriptive statistics, t-tests, and moderated multiple regressions.
format Thesis
qualification_name Doctor of Philosophy (PhD.)
qualification_level Doctorate
author Wijayanti, Risna
author_facet Wijayanti, Risna
author_sort Wijayanti, Risna
title The Role Of Consistency In Sharia Status On The Relationship Between Internal Corporate Governance Mechanisms And Investors’ Confidence: Evidence Among Indonesian Sharia Compliant Companies
title_short The Role Of Consistency In Sharia Status On The Relationship Between Internal Corporate Governance Mechanisms And Investors’ Confidence: Evidence Among Indonesian Sharia Compliant Companies
title_full The Role Of Consistency In Sharia Status On The Relationship Between Internal Corporate Governance Mechanisms And Investors’ Confidence: Evidence Among Indonesian Sharia Compliant Companies
title_fullStr The Role Of Consistency In Sharia Status On The Relationship Between Internal Corporate Governance Mechanisms And Investors’ Confidence: Evidence Among Indonesian Sharia Compliant Companies
title_full_unstemmed The Role Of Consistency In Sharia Status On The Relationship Between Internal Corporate Governance Mechanisms And Investors’ Confidence: Evidence Among Indonesian Sharia Compliant Companies
title_sort role of consistency in sharia status on the relationship between internal corporate governance mechanisms and investors’ confidence: evidence among indonesian sharia compliant companies
granting_institution Universiti Sains Malaysia
granting_department Pusat Pengajian Siswazah Perniagaan (Graduate School of Business)
publishDate 2016
url http://eprints.usm.my/31473/1/RISNA_WIJAYANTI_24.pdf
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