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THE EFFECT OF BOARD OF DIRECTOR, AUDIT COMMITTEE, INSTITUTIONAL OWNERSHIP TO FIRM VALUE, WITH FIRM SIZE, FINANCIAL LEVERAGE, AND INDUSTRIAL SECTOR AS CONTROL VARIABLES (STUDY ON LISTED COMPANIES IN INDONESIAN STOCK EXCHANGE PERIOD 2011-2015) Samasta, Almira Santi; Muharam, Harjum; Haryanto, Antonius Mulyo
JURNAL BISNIS STRATEGI Vol 27, No 1 (2018): Juli
Publisher : Magister Manajemen, Fakultas Ekonomika dan Bisnis Undip

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (910.164 KB) | DOI: 10.14710/jbs.27.1.53-62

Abstract

This study aims to examine the effect of corporate governance’s mechanism to firm value which is proxied by Tobin’s Q. This mechanism is divided into two, internal mechanism which is proxied by board of director and audit committee and external mechanism which is  proxied by institutional ownership. This study is using control variables such as firm size, financial leverage and industrial sector.Sample used in this study are 40 companies which incorporated in several industrial sector in Indonesia which are listed in Indonesia Stock Exchange during 2011-2015. Hypothesis testing in this study is using multiple regression analysis.The result of this study shows that board of director has positive but insignificant effect to firm value in Indonesia, audit committee has positive and significant effect to firm value in Indonesia and institutional ownership has negative but insignificant effect to firm value in Indonesia. The control variables used in this study provide mixed results, where firm size has negative and insignificant effect to firm value, financial leverage has positive and significant effect to firm value and the whole industrial sector in Indonesia has no effect to firm value. From simultaneous test, this study shows that simultaneously independent variables significantly affect to firm value.
PENGARUH KINERJA KEUANGAN TERHADAP STABILITAS PERBANKAN YANG TERDAFTAR DI BURSA EFEK INDONESIA (Studi Kasus pada Bank yang Terdaftar di BEI Tahun 2014-2018) Ketaren, Eka Violeta; Haryanto, Antonius Mulyo
Diponegoro Journal of Management Volume 9, Nomor 2, Tahun 2020
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

This research aims to examine the effect of bank financial performance on banking stability listed on the Indonesia Stock Exchange. Bank financial performance as measured by Capital Adequacy Ratio (CAR), Net Interest Margin (NIM), Operational Expenditures to Operating Income, Non Performing Loans (NPL), and Loan to Deposits Ratio (LDR) as independent variables and dependent variables is Banking Stability using the Z-Score Return on Assets (ROA).This research used secondary data with population consists of 44 commercial banks listed on Indonesia Stock Exchange in the period of 2014-2018. The purposive sampling method used was used in selecting the research sample and 30 conventional commercial banks from the banking sector. This research was conducted based on financial intermediation theory and competition theory using multiple regression analysis..The results of this research indicate that Capital Adequacy Ratio (CAR) and Non Performing Loans (NPL) have a positive significant effect on Return on Assets (ROA). But, Net Interest Margin (NIM) has a negatif significant effect and Operational Expenditures on Operating Income (BOPO) and Loan to Deposits Ratio (LDR) have no negative significant effect on Return on Assets (ROA). This research has implications. The implication of this research is that bank supervisors must have clear regulations and ensure that regulations are designed to reduce risks and avoid defaults so that the profitability of banks increases in Indonesia.