PENGARUH CEO POWER TERHADAP KINERJA PERUSAHAAN DENGAN PERAN KOMISARIS INDEPENDEN SEBAGAI VARIABEL MODERASI (Studi Pada Perusahaan Yang Terdaftar Di Bursa Efek Indonesia)
ABSTRACT: The purpose of this
research is to examine the effect of CEO power on firm performance and the
moderating influence of independent board on therelationship between CEO power
and firm performance. Indicator of CEOsPower studied were the CEO ownership in
the company (CEO Ownership).The firm performance studied with the calculation
of PE Ratio. Then, theindependent board is a proportion of independent board on
the board ofcommissioners.
The research is conducted by quantitative methods using secondary data.
Secondary data comes from the company's annual report listed on theIndonesian
Stock Exchange. This research population is company listed on the Indonesian
Stock Exchange, and then the samples were taken bypurposive sampling with
criteria manufacture company that not sufferedlossesduringthe observation
process and have the data required in this study,in order to obtaina sample of
267 companies. This study use sregressionanalysis to the test the parameters
individually significant (t - test).The result of the hypothesis test indicates
that the CEO Power with CEO ownership as indicator has no effecton the firm
performance withPE ratios are calculated, and the independent board based on
the proportionof independent board does not have a moderating effecton the
relationshipbetween CEO power and firm performance.
Keywords: CEO Power, firm
performance and independent board
Penulis: Muhammad Noval
Kode Jurnal: jpmanajemendd170408
