Board of Commissioners’Characteristics And Financial Performanceof State Owned Enterprisesin Indonesia
Journal Title: International Journal of Business and Management Invention - Year 2018, Vol 7, Issue 1
Abstract
The aim of this study is to examine the effect of board of commissioners’ characteristics on the financial performance of SOEs. The sample used in this research is state-owned companies listed on the Indonesia Stock Exchange (IDX) as many as 20 companies for the period 2014-2016, with a total of 60 observations. The dependent variable in this study is the company's financial performance as measured by the Piotroski score and the independent variables are the characteristics of the board of commissioners which consist of the size of the board of commissioners, the proportion of independent commissioners, the number of board of commissioners meeting, and the board of commissioners’ education. The results show from the four independent variables only the number of board meetings that affect the financial performance of the company. This can be implied the more often the quantity of meeting of board of commissioner expected that less appropriate management quickly detected for immediate action so that impact on company performance.
Authors and Affiliations
Meka Sabilla Salim, Metha Wahyu Rahmatika, Rini Fatmawati, Rahmawati .
Keywords
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