Institutional ownership, independent board, board size, and firm performance: Evidence from Indonesia

Handriani, Eka; Robiyanto, Robiyanto

doi:10.22201/fca.24488410e.2018.1849

Cited by 41 publications

(53 citation statements)

References 42 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Growing companies also had high investment opportunities which could be obtained if they had a project with a positive net present value as a signal to grow in the future. The results of this study are in line with the research conducted by Handriani and Robiyanto (2019), Nason and Wiklund (2018).…”

Section: Discussionsupporting

confidence: 91%

“…Company size has a positive effect on profitability for large companies tend to have lower profitability and net cash flow volatility (Donelson and Resutek, 2014). The concept of company size is quite widely used to express profitability, which is also supported by empirical studies carried out in developed countries which found a positive relationship (Gaganis, Liu and Pasiouras, 2015;Handriani and Robiyanto, 2019;Sydler, Haefliger and Pruksa, 2014). It was revealed that large companies that use profitability to diversify tend to be able to produce high profitability.…”

Section: Hypothesis Developmentmentioning

confidence: 88%

See 1 more Smart Citation

Profitability Determinants of Manufacturing Firms in Indonesia

Susilo¹,

Wahyudi²,

Pangestuti³

2020

IJEBA

View full text Add to dashboard Cite

Purpose: The purpose of this study is to explore the most significant profitability determinants of the manufacturing companies in Indonesia. Design/Methodology/Approach: Several independent variables examined for their influence on profitability were working capital, firm size, firm growth, capital structure, and non-debt tax shields. The sample of this study were manufacturing firms listed on the Indonesia Stock Exchange from 2010 to 2017. The number of samples were 350 manufacturing companies. Findings: The results of this study indicate that working capital, firm size and firm growth were positively related to profitability. Meanwhile, capital structure and non-debt tax shield did not affect profitability. The findings of this study were consistent with the pecking order theory and the financial agency theory. Practical implications: This study implies that managers need to adjust their investment needs with the profitability that has been achieved and the total assets of the company, and to maximize the value of the company by managing current assets so that the rate of the return on marginal investment is equal to or greater than the cost of capital used to finance the current assets. Furthermore, financial managers must be able to determine essential investment objectives by maximizing the use of assets and fixed assets which are expected to make the company to enjoy the sales growth in the future. Originality/Value: Although this study organically builds upon recent studies about the firms' profitability, it conducted in the new administrative setting in Indonesia, which is the Widodo's administration. Widodo's administration supports the manufacturing industry to be able to compete globally.

show abstract

Section: Discussionsupporting

confidence: 91%

Section: Hypothesis Developmentmentioning

confidence: 88%

Profitability Determinants of Manufacturing Firms in Indonesia

Susilo¹,

Wahyudi²,

Pangestuti³

2020

IJEBA

View full text Add to dashboard Cite

show abstract

“…This concept appears to be able to mediate the existed agency problems. CG is defined as a system for directing and controlling a business in operation (Handriani & Robiyanto, 2019;Jaffar, Aziendeh, Shukor, & Rahman, 2018).…”

Section: Literature Review and Hypotheses Stakeholder Theory Agency mentioning

confidence: 99%

The effect of corporate governance and intellectual capital toward financial performance and firm value of socially responsible firms

Robiyanto

Putra

Lako

2019

CyA

Self Cite

View full text Add to dashboard Cite

“…Agency theory is a concept describing the relationship between principals and agents (Handriani & Robiyanto, 2019). The principal party is the ones that regulate the other party, the agents, to perform all activities on behalf of the principles in their capacity as a decision-maker (Jensen & Meckling, 1976).…”

Section: Agency Theorymentioning

confidence: 99%

The Sharia Supervisory Board and Corporate Social Responsibility Disclosure: A Sharia Perspective in Indonesia

Winarsih

Robiyanto

2020

HSSR

Self Cite

View full text Add to dashboard Cite

Purpose of the study: This research aims to examine the relationship between the Sharia Supervisory Board (SSB) and the Corporate Social Responsibility (CSR) disclosure with financial performance as a mediating variable in Indonesia. By understanding the importance of the SSB responsibilities in the continuity of Sharia Banks, therefore, it is necessary to reexamine them.Methodology: This research was conducted on sharia banks registered in Sharia Banking Statistics of the Financial Services Authority (Otoritas Jasa Keuangan (OJK) in Bahasa) during the period of 2010-2016. There were 6 Sharia Banks involved as the sample of this study selected through a purposive sampling technique. Main Findings:The results showed that the Sharia Supervisory Board had a positive relationship with the CSR disclosure. But, this study implies that the CSR disclosure is not able to mediate the relationship between the SSB with the CSR disclosure of sharia banks in Indonesia. Applications of this study:In Indonesia, the purpose of existence of the SSB in Sharia Banks is to tend to comply with regulation, and this condition may affect the results. So, some measurement about the SSB in Indonesia is needed in future studies. Also, for future studies, it is suggested that they may add quality assets as a proxy for financial performance and other variables in order to obtain better results. Novelty/Originality of this study:This study tries to prove empirically the relationship between the SSB on the CSR disclosure of Sharia Banks in Indonesia with financial performance as its mediating variable. This study is indispensable to do in Indonesia, as the country with the biggest Muslim population in the world.

show abstract

Institutional ownership, independent board, board size, and firm performance: Evidence from Indonesia

Cited by 41 publications

References 42 publications

Profitability Determinants of Manufacturing Firms in Indonesia

Profitability Determinants of Manufacturing Firms in Indonesia

The effect of corporate governance and intellectual capital toward financial performance and firm value of socially responsible firms

The Sharia Supervisory Board and Corporate Social Responsibility Disclosure: A Sharia Perspective in Indonesia

Contact Info

Product

Resources

About