Corporate Governance Characteristics and Company Performance
Abstract: The research
analyzes the determinant of corporate governance characteristic in relation to
company performance in family firms listed in Indonesia Stock Exchange in the
period of 2004-2009. The research uses quantitative approach, explanatory type
and uses numerical data as secondary data obtained from various sources. The
result shows that only PER variable is significantly influenced by corporate
governance characteristic with proxies of ownerships, board size, and board
composition, and controlled with the variables of sales, firm age, firm
leverage, tangibility, firm size, growth, and debt in public firms listed in
Indonesia Stock Exchange in the period of 2004-2009; in general, investors
basically perceive company performance from the market value ratio in the form
of company’s stock price interchange instead of the profitability ratio with
the proxies of ROA and ROE; the variables of ownerships, board size, and board
composition statistically do not affect ROA, ROE, and PER.
Author: Ferdinand Dehoutman
Saragih, Bernardus Yuliarto Nugroho, Umanto Eko
Journal Code: jpadministrasinegaragg120026
