PENGARUH GENDER, LEVERAGE DAN BOARD SIZE TERHADAP KINERJA PERUSAHAAN PADA PERUSAHAAN SEKTOR FINANCE YANG TERDAFTAR DI BURSA EFEK INDONESIA

Anggi Kurnia Sari, Felisitas Defung, Hairul Anwar

Abstract


Tujuan penelitian ini yakni untuk mengetahui pengaruh gender, leverage dan board size terhadap kinerja perusahaan yang diukur dengan tobins’q pada perusahaan sektor finance yang terdaftar di bursa efek Indonesia, periode 2012 – 2016. Jenis penelitian ini adalah penelitian kuantitatif dengan menggunakan data sekunder dengan mengambil 53 perusahaan sebagai sample. Alat analisis yang digunakan adalah analisis regresi data panel. Hasil dari peneltian ini menunjukkan secara parsial bahwa variabel gender mempunyai pengaruh yang negatif signifikan terhadap kinerja perusahaan (tobins’q) sedangkan variabel leverage dan board size berpengaruh negatif tidak signifikan terhadap kinerja perusahaan (tobins’q) pada perusahaan sektor finance yang terdaftar di bursa efek Indonesia periode 2012 – 2016.


Keywords


Gender; Leverage; Board Size; Kinerja Perusahaan (Tobins’q)

References


Adams, R., & Ferreira, D. (2009). Women in the boardroom and their impact on governance and performance. Journal of Financial Economics 94 (2009) 291–309.

Aguilera, R., Filatotchev, I., Gospel, H. and Jackson, G. (2008) An organizational approach to comparative corporate governance: Costs, contingencies, and complementarities, Organization Science. 19(3): 475–92.

Ali, Kale Ahmed. 2014. The Impact Of Financial Leverage On Firm Performance: The Case Of Non Financial Firms In Kenya.

Bhagat, S., & Black, B. (2001). The Non-Correlation Between Board Independence and Long Term Firm Performance. Journal of Corporation Law 231-274.

Bilimoria, D. (2006) The relationship between women corporate directors and women corporate officers. Journal of Managerial Issues, 18(1): 47–61.

Blackburn, V.L., Doran, B.M. and Shrader, C.B. (1994). Investigating the dimensions of social responsibility and the consequences for corporate financial performance, Journal of Managerial Issues 6: 195–212.

Campbell, K., & Mınguez-Vera, A. (2008). Gender Diversity in the Boardroom and Firm Financial Performance. Journal of Business Ethics (2008) 83:435–451 Springer 2007 DOI 10.1007/s10551-007-9630-y.

Carter, D.A., D’Souza, F., Simkins, B.J., & Simpson, W.G. (2007). The diversity of corporate board committees and firm financial performance. Department of Finance, Oklahoma State University, Stillwater, OK, USA.

Carter. 2010. The Gender and Ethnic Diversity of US Boards and Board Committees and Firm Financial Performancecorg. Corporate Governance: An International Review, 2010, 18(5): 396–414.

Carter, D. A., Simkins, B. J. and Simpson, W. G. (2003). Corporate Governance, Board Diversity and Firm Value. The Financial Review, 38, 33–35.

Dalton. 1999. Number Of Directors And Financial Performance: A Meta-Analysis. The Academy of Management Journal, Vol. 42, No. 6 (Dec., 1999), pp. 674-686.

Dutta, P., & Bose, S. (2006). Gender Diversity in the Boardroom and Financial Performance of Commercial Banks: Evidence from Bangladesh. 34 No. 6 November-December, 2006 pp. 70-74.

Eagly, alice H. 1990. Gender and Leadership style : A meta analysis. Chip document.

Eisenberg, Theodore, Stefan Sundgren & Martin T. Wells. 1998. Larger Board Size and Decreasing Firm Value in Small Firms. 48 J. FIN. ECON. 35

Fama, E. F. and M. C. Jensen: 1983, Separation of Ownership and Control, Journal of Law and Economics 26, 301–325.

Harris and Raviv, (1991). The Theory of Capital Structure. The Journal of Finance, Vol. XLVI, No. 1, pp 297-355.

Jackling, Beverley dan Shireenjit Johl. 2009. Board Structure and Firm Performance: Evidence from India’s Top Companies. An International Review, 2009, 17(4): 492–509.

Jensen, M. C. and Meckling, W. H. (1976). Theory of the Firm: Managerial Behaviour, Agency Costs and Ownership Structure. Journal of Financial Economics, 3, 308–360.

Jensen, Michael C. 1993, The modern industrial revolution, exit, and the failure of internal control systems, Journal of Finance 48, 831-880.

Jensen, M., Meckling, W., 1976. Theory of the firm: Managerial behavior, agency

costs and capital structure. Journal of Financial Economics 3, 305–360.

Klapper, Leora F & Inessa Love. (2002). Corporate Governance, Investor Protection, and Performance in Emerging Markets.

Latham, M. (1999). The Corporate Monitoring Firm, Corporate Governance – An International Review, 7, 12–20.

Larcker, D. F., & Tayan, B. (2011). Corporate Governance Matters. Publishing as FT Press Upper Saddle River, New Jersey 07458.

Lipton, Martin and Jay W. Lorsch, 1992, A modest proposal for improved corporate governance, Business Lawyer . 48, no. I, 59- 77.

Marinova. 2015. Gender diversity and firm performance: evidence from Dutch and Danish boardrooms. http://www.tandfonline.com/loi/rijh20.

Maznevski, M. L. (1994) Understanding our differences: Performance in decision-making groups with diverse members, Human Relations. 47(5): 531–52.

Mwangi, L. W., Muathe, S.K., and Kosimbei, G. (2014). Relationship between Capital Structure and Performance of Non-Financial Companies Listed in the Nairobi Securities Exchange, Kenya. Global Journal of Contemporary Research in Accounting, Auditing and Business Ethics, Vol.1 Issue 2. 72-90.

Pfeffer, J., & Salancik, G. R. 1978. The external control of organizations: A resource-dependence perspective. New York: Harper & Row.

Pye, A. (2000). Changing Scenes In, From and Outside the Board Room: UK Corporate Governance in Practice from 1989 to 1999, Corporate Governance – An International Review. 8, 335–346.

Rose, Caspar. 2007. Does female board representation influence firm performance? The Danish evidence. Journal compilation © 2007 Blackwell Publishing Ltd, 9600 Garsington Road, Oxford, OX4 2DQ, UK and 350 Main St, Malden, MA, 02148, USA.

Rudman, Laurie dan Peter Glick. 2001. Perscriptive Gender Stereotypes and Backlash Toward Agentic Women. Journal of Social Issues, vol.57, no. 4, 2001, pp. 743-762.

Sanan, Neeti Khetarpal . 2016. Board gender diversity and firm performance: evidence from India. Asian J Bus Ethics DOI 10.1007/s13520-016-0050-x.

Sugiyono. (2013). Statistika Untuk Penelitian, CV. Alfabeta : Bandung.

Terjesen, S., Sealy, R., & Singh, V. (2009). Women Directors on Corporate Boards: A Review and Research Agenda. Blackwell Publishing 17 Number 3 May 2009.

Voutsinas, K., and Werner, R.A. (2011). Credit Supply and Corporate Capital Structure: Evidence from Japan. International Review of Financial Analysis, Vol. 20(2011), pp 320-334.

Widarjono, Agus. (2009). Ekonometrika Pengantar dan Aplikasinya, Edisi Ketiga. Ekonesia : Yogyakarta.

www.idx.co.id. Laporan keuangan dan laporan tahunan.

http://www.idx.co.id/perusahaan-tercatat/laporan-keuangan-dan-tahunan/. Di unduh pada 30 april 2018.

Yermack.1996. Higher market valuation of companies with a small board of directors. Journal of Financial Economics 40 (1996) 185-211.

Yudaruddin, Rizky. (2014). Statistik Ekonomi: Aplikasi dengan Program SPSS Versi 20. Interpena : Yogyakarta.




DOI: https://doi.org/10.29264/jimm.v4i3.4722

Refbacks

  • There are currently no refbacks.


Copyright (c) 2020 Jurnal Ilmu Manajemen Mulawarman (JIMM)


Crossref logo 

Editorial Address

Jurnal Ilmu Manajemen Mulawarman (JIMM)
Faculty of Economics and Business, Mulawarman University
Jl. Tanah Grogot No.1 Samarinda Kalimantan Timur 75119
Email: jimm.feb@gmail.com