The Impact of Gender Diversity, CEO Experience and Financial Leverage on Financial Performance of Companies in the Transport and Hospitality Industry in Indonesia, Thailand and Malaysia for Period 2015-2020
Journal Title: Oblik i finansi - Year 2021, Vol 1, Issue 3
Abstract
The Covid-19 pandemic has made financial performance in a company undergo several changes. Activities of some companies have decreased, increased, or even tended to be unstable when compared to before and after the pandemic. The purpose of this study is to analyze the impact of gender diversity, CEO business experience, and financial leverage on the financial performance of companies in the transport and hospitality industry in Indonesia, Thailand, and Malaysia for the period 2015-2020. The sample in this study is transport and hospitality companies in Indonesia, Malaysia, and Thailand for the 2015-2020 period that are registered with the Compustat database. A sample of 25 companies during the 6-year study period (2015-2020) makes 150 samples. The authors use secondary data, namely data from the Compustat database and websites of companies. Data analysis includes the following steps: normality test, multicollinearity test, multiple linear regression analysis, t-test. Data analysis was performed in the STATA v.16.0 application – statistical software for data science. The results of the multiple linear regression equation show that the direction of the influence of gender diversity, debt to equity ratio, and interest coverage ratio on the financial performance of companies in the transport and hospitality industry is positive and significant. Meanwhile, the CEO's Business Expertness and debt ratio variables harm the financial performance of companies. Therefore, investors should pay attention to external and internal factors that affect the financial results of the company before investing in its activities.
Authors and Affiliations
Floren Alvita Pasaribu & Gatot Nazir Ahmad & Agung Dharmawan Buchdadi
Keywords
Related Articles
- EP ID EP697600
- DOI 10.33146/2307-9878-2021-3(93)-63-71
- Views 86
- Downloads 0
The Impact of Agent Motivation on Customer Trust in Improving the Performance of Government Bank Agents in the Administrative City of North Jakarta: Qualitative Research
Bank Rakyat Indonesia (BRI) is one of the largest banks in the country with a fleet of over ten thousand bank branches. The bank is one of the biggest microfinance lenders in the country and is committed to accelerating...
Enterprise Data Security in the Cloud Environment: Threat Analysis
Wider use of cloud services leads to increased cyber attacks on data arrays in cloud storage. Ensuring privacy in the cloud comes at a cost, and businesses are willing to bear these costs for data security. However, ther...
The Impact of Efficiency Audit on the Functioning of Enterprises in the Conditions of Sustainable Development
The Russian military aggression is a new test for Ukrainian businesses because it is challenging for the management to plan the future activities of enterprises in wartime. The manager must consider many factors that did...
Теорія аудиту: «класичне ядро» та розвиток
На сучасному етапі розвитку науки і практики аудиту його теорія представлена фрагментарно. І якщо до масових публічних невдоволень суспільства роботою аудиторів (що стали наслідками краху Enron, WorldCom, «Пармалат», інш...
Вплив тенденцій демографічного і соціального розвитку на бюджетно-податкове регулювання
Співвідношення головних елементів податкового регулювання значною мірою залежить від тенденцій демографічного і соціального розвитку в країні. Метою статті є аналіз тенденцій демографічного і соціального розвитку та їх в...