KINERJA PERUSAHAAN: APAKAH TATA KELOLA PERUSAHAAN DAN DIVERSITAS GENDER BERPENGARUH?

Main Article Content

Ivone
Ivy Lee

Abstract

The main purpose of this study is to determine the effect of family ownership, institutional ownership, size of the board of directors, the presence of women, and the proportion of women on firm performance in family companies listed on the Indonesia Stock Exchange (IDX). By using secondary data obtained from the annual reports of sample companies in the period of 2016 – 2020. The sample companies selected using the purposive sampling method consist of 362 companies. This research uses panel data regression analysis with e-views application. The results of the study show that family ownership and sales growth have a positive influence on company performance. Firm size and firm age have a significant negative influence on firm performance. Meanwhile, other variables such as institutional ownership, size of the board of directors, the presence of women, the proportion of women, and control variables such as leverage and net profit margin have no significant effect on company performance.

Article Details

How to Cite
Ivone, & Ivy Lee. (2022). KINERJA PERUSAHAAN: APAKAH TATA KELOLA PERUSAHAAN DAN DIVERSITAS GENDER BERPENGARUH?. Fair Value: Jurnal Ilmiah Akuntansi Dan Keuangan, 4(6), 2545–2558. https://doi.org/10.32670/fairvalue.v4i6.1148
Section
Articles

References

Anderson, R. C., Mansi, S. A., & Reeb, D. M. (2003). Founding family ownership and the agency cost of debt. Journal of Financial Economics. https://doi.org/10.1016/S0304-405X(03)00067-9

Bambang, M., & Hermawan, M. S. (2013). Founding Family Ownership and Firm Performance in Consumer Goods Industry: Evidence from Indonesia. SSRN Electronic Journal, 4(2), 112–131. https://doi.org/10.2139/ssrn.2292375

Bart, C., & McQueen, G. (2013). Why women make better directors. International Journal of Business Governance and Ethics, 8(1), 93–99. https://doi.org/10.1504/IJBGE.2013.052743

Darko, J., Aribi, Z. A., & Uzonwanne, G. C. (2016). Corporate governance: the impact of director and board structure, ownership structure and corporate control on the performance of listed companies on the Ghana stock exchange. Corporate Governance (Bingley), 16(2), 259–277. https://doi.org/10.1108/CG-11-2014-0133

Darmadi, S. (2013). Do women in top management affect firm performance? Evidence from Indonesia. Corporate Governance (Bingley), 13(3), 288–304. https://doi.org/10.1108/CG-12-2010-0096

Darmawan Putra, D. R. A. (2018). Analisis Pengaruh Kepemilikan Institusional dan Kepemilikan Manajerial Terhadap Kinerja dan Nilai Perusahaan. Studi Akuntansi Dan Keuangan Indonesia, 1(1), 1–24. https://doi.org/10.21632/saki.1.1.1-24

Dharmadasa, P. (2015). Family Ownership and Firm Performance. International Journal of Asian Business and Information Management, 5(4), 34–47. https://doi.org/10.4018/ijabim.2014100104

Drakos, A.A. and Bekiris, F. V. (2010). Corporate Performance, Managerial Ownership and Endogeneity: A Simultaneous Equations Analysis for the Athens Stock Exchange. Research in International Business and Finance, 24, 24–38. https://doi.org/https://doi.org/10.1016/j.ribaf.2009.01.002

Felinda, L. M., Mahadwartha, P. A., & Ernawati, E. (2018). Pengaruh Board Gender Diversity & Gcg Terhadap Firm Performance Pada Perusahaan Sektor Barang Konsumsi Yang Terdaftar Di …. Calyptra, 7(2), 3110–3127. http://webhosting.ubaya.ac.id/~journalubayaac/index.php/jimus/article/view/3564

Gordini, N., & Rancati, E. (2017). Management Research Review Article information : Gender diversity in the Italian boardroom and firm financial performan. Management Research Review, 40, 1–34.

Guest, P. M. (2009). The impact of board size on firm performance: Evidence from the UK. European Journal of Finance, 15(4), 385–404.https://doi.org/10.1080/13518470802466121

Hartomo, G. (2019). Kronologi Kasus Laporan Keuangan Garuda Indonesia Hingga Kena Sanksi. Okefinance. https://economy.okezone.com/read/2019/06/28/320/2072245/kronologi-kasus-laporan-keuangan-garuda-indonesia-hingga-kena-sanksi

Herdjiono, I., & Sari, I. M. (2017). The effect of corporate governance on the performance of a company. Some empirical findings from Indonesia. Journal of Management and Business Administration. Central Europe, 25(1), 33–52. https://doi.org/10.7206/jmba.ce.2450-7814.188

Jensen, M. C., & Meckling, W. H. (2019). Theory of the firm: Managerial behavior, agency costs and ownership structure. In Corporate Governance: Values, Ethics and Leadership. https://doi.org/10.2139/ssrn.94043

Kao, M. F., Hodgkinson, L., & Jaafar, A. (2019). Ownership structure, board of directors and firm performance: evidence from Taiwan. Corporate Governance (Bingley), 19(1), 189–216. https://doi.org/10.1108/CG-04-2018-0144

Lin, Y. R., & Fu, X. M. (2017). Does institutional ownership influence firm performance? Evidence from China. International Review of Economics and Finance, 49(October 2016), 17–57. https://doi.org/10.1016/j.iref.2017.01.021

Musallam, S. R. M., Fauzi, H., & Nagu, N. (2019). Family, institutional investors ownerships and corporate performance: the case of Indonesia. Social Responsibility Journal, 15(1), 1–10. https://doi.org/10.1108/SRJ-08-2017-0155

Patrisia, D., Fitra, H., & Febrianti, L. (2020). Pengaruh Kepemilikan Keluarga Dan Kepemilikan Institusional Terhadap Nilai Perusahaan. Jurnal Ilmiah Manajemen Dan Bisnis, 2(2), 1. https://doi.org/10.38043/jimb.v2i2.2300

Pillai, R., & Al-Malkawi, H. A. N. (2018). On the relationship between corporate governance and firm performance: Evidence from GCC countries. Research in International Business and Finance, 44, 394–410. https://doi.org/10.1016/j.ribaf.2017.07.110

Pratama, B. C., Wibowo, H., & Innayah, M. N. (2019). Intellectual Capital and Firm Performance in ASEAN: The Role of Research and Development. Journal of Accounting and Investment, 20(3), 140–150. https://doi.org/10.18196/jai.2003126

Price Waterhouse Cooper (PwC). (2014). Survey bisnis keluarga 2014. November 2014, November, 1–35. https://www.pwc.com/id/en/publications/assets/indonesia-report-family-business-survey-2014.pdf

Ramos, H. M., Buck, W. P., & Ong, S. L. (2016). The influence of family ownership and involvement on Chinese family firm performance: A systematic literature review. International Journal of Management Practice, 9(4), 365–393. https://doi.org/10.1504/IJMP.2016.079615

Roossiana, A. I., & Bustaman, Y. (2018). Majority Shareholder : Large Shareholder, Family Ownership, Institution Ownership and Its Impact on Firm Performance. Emerging Markets : Business and Management Studies Journal, 3(1), 16–27. https://doi.org/10.33555/ijembm.v3i1.67

Rouyer, E. (2016). Family ownership and busy boards: impact on performance. Management Decision. https://doi.org/10.1108/MD-04-2015-0144

Srivastava, A., & Bhatia, S. (2020). Influence of Family Ownership and Governance on Performance: Evidence from India. Global Business Review. https://doi.org/10.1177/0972150919880711

Sugiyono. (2017). Metode Penelitian Bisnis (Pendekatan Kuantitatif, Kualitatif, Kombinasi dan R&DSugiyono. (2017). Metode Penelitian Bisnis (Pendekatan Kuantitatif, Kualitatif, Kombinasi dan R&D). In Metodelogi Penelitian.). In Metodelogi Penelitian.

Widianingsih, D. (2018). Kepemilikan Manajerial, Kepemilikan Institusional, Komisaris Independen, serta Komite Audit pada Nilai Perusahaan dengan Pengungkapan CSR sebagai Variabel Moderating dan Firm Size sebagai Variabel Kontrol. Jurnal Akuntansi Dan Pajak, 19(1), 38. https://doi.org/10.29040/jap.v19i1.196

Wiranata, Y. A., & Nugrahanti, Y. W. (2013). Pengaruh Struktur Kepemilikan Terhadap Profitabilitas Perusahaan Manufaktur di Indonesia. Jurnal Akuntansi Dan Keuangan, 15(1), 15–26. https://doi.org/10.9744/jak.15.1.15-26

Yogiswari, N. L. P. P., & Badera, I. D. N. (2019). Pengaruh board diversity terhadap kinerja perusahaan dalam perspektif corporate governance pada perusaahaan manufaktur di BEJ 2005. E-Jurnal Akuntansi, 26, 2070.