Board Quality and Firm Performance: The Case of Indonesia's Listed Companies

This study aims to investigate the effect of board quality on firm performance of Indonesia's listed companies post revision of code of corporate governance. In addition, the study is built based on the premise (agency theory) that board quality is associated with the firm performance. The...

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Main Author:	Ilona, Desi
Format:	Thesis
Language:	eng eng
Published:	2008
Subjects:	HD2709-2930.7 Corporations
Online Access:	https://etd.uum.edu.my/251/1/Desi_Ilona.pdf https://etd.uum.edu.my/251/2/Desi_Ilona.pdf
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id	my-uum-etd.251
record_format	uketd_dc
spelling	my-uum-etd.2512013-07-24T12:06:20Z Board Quality and Firm Performance: The Case of Indonesia's Listed Companies 2008-10-30 Ilona, Desi College of Business (COB) Faculty of Business Management HD2709-2930.7 Corporations This study aims to investigate the effect of board quality on firm performance of Indonesia's listed companies post revision of code of corporate governance. In addition, the study is built based on the premise (agency theory) that board quality is associated with the firm performance. The study used 133 Indonesia listed companies for the year of 2007 financial statement. In addition, board quality is measured by five independent variables; board quality, board shareholding, outside board, Audit Committee Independence, and Audit Committee Financial Expertise. Hence, firm performance is measured by return on asset. The study also used three control variables; company size, fixed asset to total asset ratio, and leverage. By using the multiple regression analysis, the result show that out of five independent variables are hypothesized, only board independence is significantly negative associated with the firm performance. Hence, leverage and company size (control variables) are also associated with firm performance. In addition, leverage is negatively associated with firm performance and thus, company size is positively related to the firm performance. 2008-10 Thesis https://etd.uum.edu.my/251/ https://etd.uum.edu.my/251/1/Desi_Ilona.pdf application/pdf eng validuser https://etd.uum.edu.my/251/2/Desi_Ilona.pdf application/pdf eng public masters masters Universiti Utara Malaysia
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
topic	HD2709-2930.7 Corporations
spellingShingle	HD2709-2930.7 Corporations Ilona, Desi Board Quality and Firm Performance: The Case of Indonesia's Listed Companies
description	This study aims to investigate the effect of board quality on firm performance of Indonesia's listed companies post revision of code of corporate governance. In addition, the study is built based on the premise (agency theory) that board quality is associated with the firm performance. The study used 133 Indonesia listed companies for the year of 2007 financial statement. In addition, board quality is measured by five independent variables; board quality, board shareholding, outside board, Audit Committee Independence, and Audit Committee Financial Expertise. Hence, firm performance is measured by return on asset. The study also used three control variables; company size, fixed asset to total asset ratio, and leverage. By using the multiple regression analysis, the result show that out of five independent variables are hypothesized, only board independence is significantly negative associated with the firm performance. Hence, leverage and company size (control variables) are also associated with firm performance. In addition, leverage is negatively associated with firm performance and thus, company size is positively related to the firm performance.
format	Thesis
qualification_name	masters
qualification_level	Master's degree
author	Ilona, Desi
author_facet	Ilona, Desi
author_sort	Ilona, Desi
title	Board Quality and Firm Performance: The Case of Indonesia's Listed Companies
title_short	Board Quality and Firm Performance: The Case of Indonesia's Listed Companies
title_full	Board Quality and Firm Performance: The Case of Indonesia's Listed Companies
title_fullStr	Board Quality and Firm Performance: The Case of Indonesia's Listed Companies
title_full_unstemmed	Board Quality and Firm Performance: The Case of Indonesia's Listed Companies
title_sort	board quality and firm performance: the case of indonesia's listed companies
granting_institution	Universiti Utara Malaysia
granting_department	College of Business (COB)
publishDate	2008
url	https://etd.uum.edu.my/251/1/Desi_Ilona.pdf https://etd.uum.edu.my/251/2/Desi_Ilona.pdf
_version_	1747826871339319296

Board Quality and Firm Performance: The Case of Indonesia's Listed Companies

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