The Influence of Corporate Governance on Firm Performance in Indonesia and Taiwan Stock Exchanges

Wijaya, Liliana Inggrit and Yupita, Desi Ana and Marciano, Deddy and Zunairoh, Zunairoh and Silalahi, Marwin Antonius Rejeki (2023) The Influence of Corporate Governance on Firm Performance in Indonesia and Taiwan Stock Exchanges. In: Proceedings of the 20th International Symposium on Management (INSYMA 2023), 15-16 March 2023, Bangkok, Thailand.

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Abstract

The influence of governance on the performance of Indonesia and Tai- wan companies in the raw goods and infrastructure sectors will be analyzed and become the main objective of this study. Multiple regression was used in ana- lyzing the objects of 520 Indonesian companies and 365 Taiwanese companies. The results showed that the independent commissioner did not have a substantial influence on ROA in Indonesia and Taiwan and also Tobin’s Q in Indonesia but had a substantial positive influence on Tobin’s Q in Taiwan. For the results of the Indonesian ROA study, only the institutional ownership variable has a sub- stantial influence. For the results of Tobin’s Q Indonesia research, the variables of board size and institutional ownership have a substantial influence. For the Taiwan ROA research results, only foreign ownership and institutional ownership variables have a substantial influence. For the results of Tobin’s Q Taiwan study, only the independent commissioner variable has a substantial influence. Only the institu- tional ownership variable has a substantial influence. For the results of Tobin’s Q Indonesia research, the variables of board size and institutional ownership have a substantial influence. For the Taiwan ROA research results, only foreign own- ership and institutional ownership variables have a substantial influence. For the results of Tobin’s Q.

Item Type:	Conference or Workshop Item (Paper)
Uncontrolled Keywords:	Corporate Governance; Institutional Ownership; Foreign Ownership; Firm Performance
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:	26 Sep 2024 03:35
Last Modified:	26 Sep 2024 03:35
URI:	http://repository.ubaya.ac.id/id/eprint/47156

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