Firm investment, strategy orientation, firm stability, and ownership structure

Lukviarman, Niki; Johan, Arief Prima; Handika, Rebi Fara

doi:10.1145/3361785.3361804

Cited by 2 publications

(3 citation statements)

References 37 publications

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“…Such conditions are needed so that legal instruments and supporting institutions can function optimally following appointed objectives based on the legal culture and culture of the Indonesian people. Traditional cultural values are more dominant than legal-formal institutionalized legal rules (Lukviarman 2004). Johnson et al (2000) state that the loss and non-functioning of organizational culture does not give life to the existing legal/regulatory system because culture refers to the attitudes, values, and opinions held by members of the organization regarding its implementation.…”

Section: Discussionmentioning

confidence: 99%

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The Critical Factors Affecting the Implementation of Corporate Governance in Indonesia: A Structural Equation Modeling Analysis

et al. 2023

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The concept of corporate governance has become a topic of global discussion since The New York Stock Exchange crashed on 19 October 1987, when many multinational companies listed on the New York Stock Exchange experienced large financial losses. CG was a preventive measure and increased investor confidence in the company. CG implementation is influenced by isomorphisms, such as organizational structure and the external environment in the form of regulation, competition, and culture. In Indonesia, the quality of CG implementation still contributes to the country’s economic growth. Weak CG implementation is due to the adoption of the western system immediately. It arises due to a high ownership structure, government intervention, underdeveloped capital markets, and weak law enforcement. This study aims to examine and analyze more deeply about factors that cause CG not to be inadequate to develop properly in Indonesia. Private and state-owned companies in the East Kalimantan Industrial Estate are the research samples for the SOR modelling exploration method. The SOR (stimulus-organism-response) model is a novelty in identifying CG implementation. Identification of the model to obtain a structural model is carried out by using PLS-SEM (partial least square structural equation modelling) through an institutional approach. The results found that the organizational structure and national cultural environment strongly influence CG implementation through the mediation of organizational structure. The contribution to understanding the national cultural environment in CG implementation efforts will be driven by organizational structure. Comprehensively, this study describes other factors such as organizational culture, environment competition, and the environment mediated by organizational structure. The national cultural environment mediated by organizational culture did not significantly affect CG.

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Section: Discussionmentioning

confidence: 99%

“…The implication is that regulatory issues are not the only dominant factor influencing CG implementation. Other factors interact in Indonesia that influence CG implementation, such as environmental factors on the effectiveness of implementation and its supporting institutions (Lukviarman 2004).…”

Section: Discussionmentioning

confidence: 99%

The Critical Factors Affecting the Implementation of Corporate Governance in Indonesia: A Structural Equation Modeling Analysis

et al. 2023

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“…Indonesia used a two-tier system where the board of commissioners and board of directors' act as an internal mechanism that controls management to execute the interests of shareholders. This implementation is different to other countries, especially Europe (Lukviarman, 2004). The other countries adhering to the Two-Tier Board System, the elected Board of Commissioners is responsible to the General Meeting of Shareholders (GMS).…”

Section: Literature Reviewmentioning

confidence: 99%

Governance structure and the tendency to do financial statements fraud

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Lubis

Nahartyo

et al. 2022

J. Akun. Audit. Ind.

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This study aimed to examine the influence of the governance structure which consists of the age of directors, educational background of directors, directors’ gender, managerial ownership, and the existence of Independent Board of Commissioners on financial statement fraud. This research's populations are Manufacturing, Property, Real estate, and Construction Companies listed on the Indonesia Stock Exchange (IDX) period 2014-2018. The type of data used in research was secondary data and using a purposive sampling method to determine 475 companies for the samples. This research used a logistic regression analysis. The result of this research indicated that the age of directors, the gender of directors, and managerial ownership had a significant negative effect on financial statement fraud. However, the study did not find the advantage of the educational background of directors and the existence of the independent member of the Board of Commissioners on financial statement fraud.

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Firm investment, strategy orientation, firm stability, and ownership structure

Cited by 2 publications

References 37 publications

The Critical Factors Affecting the Implementation of Corporate Governance in Indonesia: A Structural Equation Modeling Analysis

The Critical Factors Affecting the Implementation of Corporate Governance in Indonesia: A Structural Equation Modeling Analysis

Governance structure and the tendency to do financial statements fraud

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