Roles of Affiliated Ownership on Manager’s Perquisites in Indonesia: Stage of Firm Cycle Approach

Mahadwartha, Putu Anom (2016) Roles of Affiliated Ownership on Manager’s Perquisites in Indonesia: Stage of Firm Cycle Approach. International Journal of Business and Management (IJBM), 11 (8). pp. 213-229. ISSN 1833-3850; E-ISSN 1833-8119

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Abstract

The research is purposely designed for determining perquisites in private sector through ownership, either those which are affiliated in business group and non-group; or family and group ownership non-family ownership and group affiliated. Moreover, the research examines either perquisites in private sectors is really exist on different stage of firm cycle, and different ownership structure. There will be 2 hypotheses with 8 minor hypotheses based on four firm’s stages. This research uses linear regression Pooled Least Square with interaction variables. The result showed that perquisites manager’s occurred on maturity stage in group and family group. The tendency showed that cash flow is used to maintain manager behavior by monitoring mechanism of debt policy. In the growth stage, this research is able to explain that cash flow is used for perquisites and managers tend to use it; however debt is used to bonding such perquisites behavior. Moreover, this research also found that ownership concentration also minimizes manager’s perquisites. The major differences of this research compared to the previous research are the proposed arguments in which companies are divided into group and non-group affiliation, and also family and non-family group. Besides, this research divides the companies groups into different stages such as maturity, growth, star, and decline.

Item Type:	Article
Uncontrolled Keywords:	perquisites, growth, maturity, star, decline
Subjects:	H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions:	Faculty of Business and Economic > Department of Management
Depositing User:	Ester Sri W. 196039
Date Deposited:	02 Nov 2022 09:19
Last Modified:	02 Nov 2022 09:19
URI:	http://repository.ubaya.ac.id/id/eprint/42838

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