THE EFFECT OF BOARD OF COMMISSIONAIRE CHARACTERISTICS ON PROFITABILITY OF INFRASTRUCTURE, UTILITY AND TRANSPORTATION SECTOR COMPANIES REGISTERED IN INDONESIA STOCK EXCHANGE 2010-2018
Abstract
The research purpose is to examine the effect of board of commissionaire size, independent board of commissionaire proportion, and frequency of board of commissionaire meeting on profitability. Samples used in this study were taken from 20 companies in infrastructure, utility, and transportation sector listed in the Indonesia Stock Exchange (2010-2018). The methodology used to analyze the effect of independent variables on dependent variables is multiple regression. Based on the research results simultaneously, board of commissionaire size (DK), independent board of commissionaire proportion and board of commissionaire meeting frequency has an effect on profitability. However, the findings show that while the proportion of independent board of commissionaire has an impact on profitability (ROA) partially, the board of commissionaire size and board of commissionaire frequency meeting does not affect profitability (ROA) partially.
References
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Bathula, H. (2008) ‘Board Characteristics and Firm Performance : Evidence from New Zealand Hanoku Bathula Faculty of Business Primary Supervisor’, Doctoral dissertation, Auckland University of Technology, pp. 1–100.
Coles, J. L., Daniel, N. D. and Naveen, L. (2008) ‘Boards: Does one size fit all?’, Journal of Financial Economics, 87(2), pp. 329–356.
Darwis, H. (2009) ‘Corporate Governance Terhadap Kinerja Perusahaan’, Jurnal Keuangan dan Perbankan, 13(3), pp. 418–430.
Demise, N. (2006) ‘OECD principles of corporate governance’, Corporate Governance in Japan: From the Viewpoints of Management, Accounting, and the Market, (1998), pp. 109–117.
Eluyela, D.F., Akintimehin, O.O., Okere, W., Ozordi, E., Osuma, G.O., Ilogho, S.O. and Oladipo, O.A., 2018. Board meeting frequency and firm performance: examining the nexus in Nigerian deposit money banks. Heliyon, 4(10), p.e00850.
Fama, E. F. and Jensen, M. C. (1983) ‘Separation of ownership and control’, The Journal of Law and Economics, XXVI(June), pp. 163–188.
Hery, S. E. (2016) Akuntansi Dasar 1 dan 2. Gramedia Widiasarana Indonesia.
Jensen, M. C. (1993) ‘The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems’, The Journal of Finance, 48(3), p. 831.
Jensen, M. C. and Meckling, W. H. (1979) ‘Theory of the firm: Managerial behavior, agency costs and ownership structure’, Journal of Financial Economics, 3(4), pp. 305–360.
Kasmir (2015) Analisis Laporan Keuangan. Jakarta: PT Raja Grafindo Persada.
[KNKG] Komite Nasional Kebijakan Governance (2006) PEDOMAN UMUM GOOD CORPORATE GOVERNANCE INDONESIA. Jakarta.
Liang, Q., Xu, P. and Jiraporn, P. (2013) ‘Board characteristics and Chinese bank performance’, Journal of Banking and Finance. Elsevier B.V., 37(8), pp. 2953–2968.
Martsila, I. S. and Meiranto, W. (2013) ‘Pengaruh Corporate Governance Terhadap Kinerja Perusahaan’, Diponegoro Journal of Accounting, 2(4), pp. 1–14.
OECD (2015), G20/OECD Principles of Corporate Governance, OECD Publishing, Paris.
Palaniappan, G. (2017) ‘Determinants of corporate financial performance relating to board characteristics of corporate governance in Indian manufacturing industry: An empirical study’, European Journal of Management and Business Economics, 26(1), pp. 67–85.
Perdana, H. D., Putra, R. P. and Murni, S. (2016) ‘Corporate Governance dan Pengaruhnya terhadap Kinerja Keuangan Perusahaan’, Jurnal Akuntansi, 4(1), pp. 1–10. doi:
Sukandar, P. P. and Rahardja (2014) ‘PENGARUH UKURAN DEWAN DIREKSI DAN DEWAN KOMISARIS SERTA UKURAN PERUSAHAAN TERHADAP KINERJA KEUANGAN PERUSAHAAN (Studi Empiris pada Perusahaan Manufaktur Sektor Consumer Good yang Terdaftar di BEI Tahun 2010-2012)’, DIPONEGORO JOURNAL OF ACCOUNTING, 3(3), pp. 1–7.
Sulistyowati, F. (2017) ‘Pengaruh Good Corporate Governance Terhadap Kinerja Perusahaan’, Jurnal Ilmu dan Riset Akuntansi, 6(1), pp. 121–137.
Syafirqurrahman, M., Andiarsyah, W. and Suciningsih, W. (2014) ‘Analisis Pengaruh Corporate Governance Dan Pengaruh Keputusan Pendanaan Terhadap Kinerja Perusahaan Perbankan Di Indonesia’, Jurnal Akuntansi, 18(1), pp. 21–44.
Tertius, M. A. and Christiawan, Y. J. (2015) ‘Pengaruh Good Corporate Governance terhadap Kinerja Perusahaan pada Sektor Keuangan’, Business Accounting Review, 3(1), pp. 223–232.
Vafeas, N. (1999) ‘Board meeting frequency and firm performance’, Journal of Financial Economics, 53(1), pp. 113–142.
Veno, A. (2015) ‘Pengaruh Good Corporate Governance terhadap Kinerja Perusahaan pada Perusahaan Manufaktur Go Public (Studi Empiris pada Perusahaan yang Terdaftar di BEI 2011-2013)’, BENEFIT Jurnal Manajemen dan Bisnis, 19(1), pp. 95–112.
Weisbach, M. S. (1988) ‘OUTSIDE DIRECTORS AND CEO TURNOVER’, Journal of financial Economics, 20, pp. 431–460.
Widyati, M. F. (2013) ‘PENGARUH DEWAN DIREKSI, KOMISARIS INDEPENDEN, KOMITE AUDIT, KEPEMILIKAN MANAJERIAL DAN KEPEMILIKAN INSTITUSIONAL TERHADAP KINERJA KEUANGAN’, Jurnal Ilmu Manajemen, 1.
Zahra, F. N., Pratomo, D. and Dillak, V. J. (2016) ‘PENGARUH KOMISARIS INDEPENDEN, UKURAN DEWAN KOMISARIS, DAN FREKUENSI RAPAT DEWAN KOMISARIS TERHADAP PROFITABILITAS (Studi pada perusahaan credit agencies other than bank yang Terdaftar di BEI Periode 2012-2014)’, e-Proceeding of Management, 3(3), pp. 3324–3331.
Zulkarnaen, W., & Herlina, R. 2018. Pengaruh Kompensasi Langsung dan Kompensasi Tidak Langsung terhadap Kinerja Karyawan Bagian Staff Operasional PT Pranata Jaya Abadi Banjaran. Jurnal Manajemen, Ekonomi dan Akuntansi, 2(2), 90-114. DOI: https://doi.org/10.31955/jimea.vol2.iss2.pp90-114.
Published
2020-12-04
How to Cite
Kurniawan, A., & Susan, M. (2020). THE EFFECT OF BOARD OF COMMISSIONAIRE CHARACTERISTICS ON PROFITABILITY OF INFRASTRUCTURE, UTILITY AND TRANSPORTATION SECTOR COMPANIES REGISTERED IN INDONESIA STOCK EXCHANGE 2010-2018. Jurnal Ilmiah Manajemen, Ekonomi, & Akuntansi (MEA), 4(3), 1870-1885. https://doi.org/10.31955/mea.v4i3.367
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