Corporate governance, government intervention and performance of state owned enterprises, Indonesia

This study examines the relationship between corporate governance, government intervention as a moderating variable and firm performance of Indonesian State Owned Enterprises (SOEs). According to the survey, it is found that the position of the implementation of corporate governance in Indonesia was...

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Main Author:	Abubakar, Erwin
Format:	Thesis
Language:	eng eng eng
Published:	2016
Subjects:	HD2709-2930.7 Corporations
Online Access:	https://etd.uum.edu.my/6327/1/depositpermission_s91638.pdf https://etd.uum.edu.my/6327/2/s91638_01.pdf https://etd.uum.edu.my/6327/3/s91638_02.pdf
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id	my-uum-etd.6327
record_format	uketd_dc
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng eng
advisor	Fadzil, Faudziah Hanim
topic	HD2709-2930.7 Corporations
spellingShingle	HD2709-2930.7 Corporations Abubakar, Erwin Corporate governance, government intervention and performance of state owned enterprises, Indonesia
description	This study examines the relationship between corporate governance, government intervention as a moderating variable and firm performance of Indonesian State Owned Enterprises (SOEs). According to the survey, it is found that the position of the implementation of corporate governance in Indonesia was still the worst among 11 countries located in the Pacific region. Data from 63 SOEs were collected and processed using PLS structured equation modelling to gauge the extent of the relationship. The result demonstrates that the relationship of most corporate, government indicators with ROA is positive except for the Independent Commissioner and the Independent Director. The relationship is significant only on the Independence of Committees and Supervisory board size variables. The results for ROE are also almost the same as ROA’s. The relationship is positive for the Independent Director, Independence of Committees, Supervisory board size, Supervisory Board Meetings, Competence of Audit Committee, Reputation of Auditors and Audit Committee Meetings. The government intervention indicators of the appointment of senior executives, regulation and monitoring, and political pressure have positive effects on the relationship between certain corporate governance indicators and firm performance, but the influence is not significant. This result indicates that there are influences from the government to SOEs for good governance and performance. The study combines ten parameters of corporate governance and three parameters of government intervention to explore the performance of Indonesian SOEs that has added to the body of knowledge of corporate governance and the agency theory. The results of this study have practical implications for the Indonesian regulatory authorities to establish and revise the corporate governance practice standards tailored to the Indonesian unique background. The future direction of this research can be developed by changing or adding variables and broadening its scope.
format	Thesis
qualification_name	Doctor of Business Administration (DBA)
qualification_level	Doctorate
author	Abubakar, Erwin
author_facet	Abubakar, Erwin
author_sort	Abubakar, Erwin
title	Corporate governance, government intervention and performance of state owned enterprises, Indonesia
title_short	Corporate governance, government intervention and performance of state owned enterprises, Indonesia
title_full	Corporate governance, government intervention and performance of state owned enterprises, Indonesia
title_fullStr	Corporate governance, government intervention and performance of state owned enterprises, Indonesia
title_full_unstemmed	Corporate governance, government intervention and performance of state owned enterprises, Indonesia
title_sort	corporate governance, government intervention and performance of state owned enterprises, indonesia
granting_institution	Universiti Utara Malaysia
granting_department	Othman Yeop Abdullah Graduate School of Business
publishDate	2016
url	https://etd.uum.edu.my/6327/1/depositpermission_s91638.pdf https://etd.uum.edu.my/6327/2/s91638_01.pdf https://etd.uum.edu.my/6327/3/s91638_02.pdf
_version_	1747828059608711168
spelling	my-uum-etd.63272017-06-21T10:56:12Z Corporate governance, government intervention and performance of state owned enterprises, Indonesia 2016 Abubakar, Erwin Fadzil, Faudziah Hanim Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HD2709-2930.7 Corporations This study examines the relationship between corporate governance, government intervention as a moderating variable and firm performance of Indonesian State Owned Enterprises (SOEs). According to the survey, it is found that the position of the implementation of corporate governance in Indonesia was still the worst among 11 countries located in the Pacific region. Data from 63 SOEs were collected and processed using PLS structured equation modelling to gauge the extent of the relationship. The result demonstrates that the relationship of most corporate, government indicators with ROA is positive except for the Independent Commissioner and the Independent Director. The relationship is significant only on the Independence of Committees and Supervisory board size variables. The results for ROE are also almost the same as ROA’s. The relationship is positive for the Independent Director, Independence of Committees, Supervisory board size, Supervisory Board Meetings, Competence of Audit Committee, Reputation of Auditors and Audit Committee Meetings. The government intervention indicators of the appointment of senior executives, regulation and monitoring, and political pressure have positive effects on the relationship between certain corporate governance indicators and firm performance, but the influence is not significant. This result indicates that there are influences from the government to SOEs for good governance and performance. The study combines ten parameters of corporate governance and three parameters of government intervention to explore the performance of Indonesian SOEs that has added to the body of knowledge of corporate governance and the agency theory. The results of this study have practical implications for the Indonesian regulatory authorities to establish and revise the corporate governance practice standards tailored to the Indonesian unique background. The future direction of this research can be developed by changing or adding variables and broadening its scope. 2016 Thesis https://etd.uum.edu.my/6327/ https://etd.uum.edu.my/6327/1/depositpermission_s91638.pdf text eng staffonly https://etd.uum.edu.my/6327/2/s91638_01.pdf text eng public https://etd.uum.edu.my/6327/3/s91638_02.pdf text eng public dba dba Universiti Utara Malaysia Aanu,O.S., Odianonsen, I.F., and Foyeke, O.I., (2014), Effectiveness of Audit Committee and Firm Financial Performance in Nigeria: An Empirical Analysis, Journal of Accounting and Auditing: Research & Practice, 1, 1-11 Abdullah, H., and Valentine, B. (2009). Fundamental and Ethics Theories of Corporate Governance, Middle Eastern Finance and Economics, 4, 88-96 CLSA. (2012, September). Retrieved from http://www.acga-asia.org/: http://www.acga-asia.org/loadfile.cfm?SITE_FILE_ID=658 Asian Corporate Governance Association Ltd. (2014). 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Corporate governance, government intervention and performance of state owned enterprises, Indonesia

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