DETERMINAN DAN HUBUNGAN INTERDEPENDENSI ANTARA STRUKTUR KEPEMILIKAN DAN STRUKTUR DEWAN
Abstract: This research
examines the determinants and interrelationship among corporate ownership and
board structure. I utilize a sample of 423 observations from Indonesia Stock
Exchange for periods of 2000-2005. The institutional environment in Indonesia
differs from that in many developed country in several important aspects,
including a weak market for corporate control, institutional ownership tends to
be higher, more family concentrated stock ownership and protection of minority
stockholders’rights weaker.Two characteristics, proportion of independence
commisioneer and board of directors are used to capture the monitoring ability
of the board. We use two stage least square (2SLS) and ordinary least square
(OLS) to estimate the determinants of proportion of independence commisioneer,
board of directors, managerial ownership and institutional ownership. The
results find that managerial and institutional ownership are related and there
are significant interrelationships. The managerial ownership is negatively related
to institutional ownership. However, this research failed to find the
interrelationship among board structure and corporate ownership.
Penulis: Haryanto, Faisal
Kode Jurnal: jpakuntansidd1000210
