Pengaruh board meeting, foreign ownership dan institutional ownership terhadap kinerja perusahaan pada perusahaan sektor trade service dan investment

Rega Waydi Andini, Felisitas Defung

Abstract


Penelitian ini menguji hubungan frekuensi rapat dewan (board meeting), kepemilikan asing dan kepemilikan institusional terhadap kinerja perusahaan yang diukur dengan pengembalian Aset (ROA). Penelitian ini menganalisis populasi dan sampel sebanyak 18 pedagang perusahaan sektor jasa dan investasi yang terdaftar di bursa efek Indonesia (2016-2019) menggunakan teknik purposive sampling. Temuan penelitian menemukan bahwa hubungan positif tidak signifikan antara frekuensi rapat dewan dan kepemilikan asing atas kinerja perusahaan, dan kepemilikan institusional memiliki efek negatif signifikan terhadap kinerja perusahaan.


Keywords


Jasa perdagangan; investasi; pengembalian aset; rapat dewan; kepemilikan asing; kepemilikan institusional; kinerja perusahaan

References


Abdallah, A., Qadorah, M., Hanim, F., & Fadzil, B. (2018). The Effect of Board Independence and Board Meeting on Firm Performance : Evidence from Jordan. 6(5), 105–109. https://doi.org/10.11648/j.jfa.20180605.11

Al-daoud, K. I., Saidin, S. Z., & Abidin, S. (2016). Board Meeting and Firm Performance: Evidence From The Amman Stock Exchange. 12(2), 6–11.

Anh, P. N. (2018). Effect of Foreign Ownership on Firm Performance in Vietnam 1. 1–9.

Aryani, Y. A., Setiawan, D., & Rahmawati, I. P. (2017). Board Meeting and Firm Performance. Proceedings of International Conference on Economics, 2017(ICE), 438–444. Retrieved from http://www.ums.edu.my/fpep/files/Anni.pdf

Ashikin, N., Saat, M., Karbhari, Y., & Heravi, S. (2011). Effective Oversight Roles of Board of Directors – Tphe Case of Listed Firms on Bursa Malaysia. World Review of Business Research, 1(1), 231–245.

Aydin, N., Sayim, M., & Yalaman, A. (2007). Foreign Ownership and Firm Performance : Evidence from Turkey Foreign Ownership and Firm Performance : Evidence from Turkey. (January).

Bathula,H.(2008).Board Charaterictics and Firm Performance:Evidence New Zealand (January)

Bilyk, O. (2009). Foreign Ownership and Firm Performance: A Closer look At Offshore_POwned Companies In Ukraine. 1, 1–56.

Black, B. S. (1998) Shareholder Activism and Corporate Governance in the U.S. In P.

Newman (ed.) The New Palgrave Dictionary of Economics and the Law. Macmillan.

Bremholm, A. (2015). Foreign ownership and foreign directors – the effects on firm performance in Japan Author. 1, 1–62.

Buchadi, A., Ulupui, I., Dalimunthe, S., Pamungkas, B., & Fauziyah, Y. (2019). Board Of Director Meeting And Firm Performance. 23(2), 1–7.

Byuyan, M. S. . (2018). Determinants and effects of voluntary disclosure with a focus on Corporate Governance and firm performance: Evidence from Bangladesh. School of Accounting Australia.

Chaganti, R. (1991). Institutional ownership, capital structure, and firm performance. 12(July 1989), 479–491.

Chou, H. I., Chung, H., & Yin, X. (2013). Attendance of board meetings and company performance: Evidence from Taiwan. Journal of Banking and Finance, 37(11), 4157–4171. https://doi.org/10.1016/j.jbankfin.2013.07.028

Company, Jensen, C., & Meckling, H. (1976). Theory Of The Firm: Managerial Behavior, Agency Costs and Ownership Structure. 3, 305–360.

Cornett, M. M., Marcus, A. J., Saunders, A., & Tehranian, H. (2007). The impact of institutional ownership on corporate operating performance. Journal of Banking and Finance, 31(6), 1771–1794. https://doi.org/10.1016/j.jbankfin.2006.08.006.

Deegan.2006.Legitimacy theory.Methodological issues in accounting research:theories and methods:161-181.

Eisenhardt, K. M., & Eisenhardt, K. M. (1989). Agency Theory : An Assessment and Review. 14(1), 57–74.

Fernandez, Mercedes Rodriguez, et al. (2014). Board characteristics and firm performance in Spain. The international journal of business in society, Corporate Governance, Vol. 14 Iss 4 pp. 485 – 503.

Komite Nasional Kebijakan Governance. 2006. “Pedoman Umum Good Corporate Governance Indonesia”. Jakarta.

Lee, Sanghoon. 2008. Ownership Structure and Environmental Performance: Evidence from Panel Data of South Korea. Working gPaper No 2008-17. University of Utah, Salt Lake City.

Lipton, M., Lorsch, J., 1992. “A Modest Proposal For Improved Corporate Governance”. Business Lawyer 48, 59–77.

Masry, M. (2016). The Impact of Institutional Ownership on the Performance of Companies Listed In the Egyptian Stock Market Mohamed Masry. 7(1), 5–15. https://doi.org/10.9790/5933-07130515

Maug, E. (1998). Large shareholders as monitors: Is there a trade-off between liquidity and control? Journal of Finance, 53(1), 65–98. https://doi.org/10.1111/0022-1082.35053

Mcconnell, J. J., & Servaes, H. (1990). Additional evidence on equity ownership and corporate value *. 27, 595–612.

Mohammad Zureigat, Q. (2011). The Effect of Ownership Structure on Audit Quality: Evidence from Jordan. International Journal of Business and Social Science, 2(10), 38–46.

Nakano, M., & Nguyen, P. (2013). Foreign ownership and firm performance: Evidence from Japan’s electronics industry. Applied Financial Economics, 23(1), 41–50. https://doi.org/10.1080/09603107.2012.705425

Oxelheim, Lars dan Trond Randoy. 2003. The Impact Of Foreign Board Membership On Firm Value. Journal of Banking and Finance, Vol 27 No 12.

Richard, P. (2009). Measuring Organizational Performance: Towards Methodological Best Practice. 35(June), 718–804. https://doi.org/10.1177/0149206308330560

Santos, J. B. (2012). Toward a Subjective Measurement Model for Firm Performance. (May), 95–117.

Tandelilin, E. (2010). Dasar-dasar Manajemen Investasi. Keuangan, 34.

Vafeas, N. (1999). Board meeting frequency and firm performance. Journal of Financial Economics, 53(1), 113–142. https://doi.org/10.1016/S0304-405X(99)00018-5

Venkatraman, & Ramanujam. (1986). On the Measurement of Business Performance in Stategy Research: A Comparison of Approaches. Journal of Management and Governance, 1, 1–30.




DOI: https://doi.org/10.30872/jmmn.v14i4.12185

Refbacks

  • There are currently no refbacks.


Copyright (c) 2022 Rega Waydi Andini, Felisitas Defung


Crossref logo 

Editorial Address

Jurnal Manajemen
Faculty of Economics and Business, Mulawarman University
Jl. Tanah Grogot No.1 Samarinda Kalimantan Timur 75119
Email: jmmn.feb.unmul@gmail.com
Statcounter: Jurnal Manajemen