Board Structure and Ownership Structure on Performance: Evidence from Indonesia

Zunairoh, Zunairoh and Wijaya, Liliana Inggrit and Silalahi, Marwin Antonius Rejeki and Nursela, Tri Ana Gita and Herlambang, Arif (2024) Board Structure and Ownership Structure on Performance: Evidence from Indonesia. In: Proceedings of the International Symposium on Management (INSYMA) (Vol 21, 2024), May 16th, 2024, Universitas Surabaya.

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Abstract

This research aim to analyze factor which affect firm performance (ROA, Tobin’s Q, and EVA). Independent Variable such as board size, board independence, institutional ownership, foreign ownership. This research uses quantitative approach by using multiple linear regression model. The sample of this research is all non-financial and banking sector company that listed in IDX for period of 2014-2023. The result of this research is institutional ownership, firm size, firm age has a significant effect for firm performance. On the other hand, board size, board independence, and foreign ownership have an insignificant effect for ROA but have a significant effect for Tobin’s Q and EVA. Meanwhile, leverage have an insignificant effect for EVA but have a significant effect for ROA and Tobin’s Q. An effective board structure and balanced ownership diversification can improve company performance. A competent board can provide sound strategic direction, while diversified ownership can reduce conflicts of interest and increase accountability. In addition, integration between corporate governance theory and practice can be an important contribution to understanding the more complex dynamics between board structure, ownership structure and corporate performance in Indonesia.

Item Type:	Conference or Workshop Item (Paper)
Uncontrolled Keywords:	board size, board independence, 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:	30 Sep 2024 08:10
Last Modified:	30 Sep 2024 08:10
URI:	http://repository.ubaya.ac.id/id/eprint/47171

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