PENGARUH TINGKAT PENDIDIKAN MANAJER TERHADAP KINERJA PERUSAHAAN GO-PUBLIC
Abstract: The Effect of
Managers’ Educational Levels on the Go-PublicCompany Performance. This study
aims to investigate the effect of managers’educational levels on the company
performance. The population comprised allthe manufacturing companies listed in
the Indonesian Capital Market duringthe period of 2003-2007. The sample,
consisting of 60 companies, was selectedusing the purposive sampling technique.
The variable of managers’ educationallevels was controlled by the variables of
accounting income and cash flows. Thedata on managers’ educational levels were
collected through a questionnaireand those on accounting income and the cash
flows through documents fromthe company financial statement published in the
Indonesian Capital Market.The data on the stock returns movement as a company’s
performanceparameter were obtained from the Indonesian Securities Market
Database(ISMD). The data were analyzed using the data panel regression,
employing thesoftware of EVIEWS-3 program. The result shows that the regression
coefficientof managers’ educational levels on the company performance is
positive andstatistically significant with α 1% and t-value at p < 0.01.
Keywords: managers’
educational levels, accounting income, cash flow, go- public company
performance
Penulis: Moerdiyanto
Kode Jurnal: jppendidikandd110397
