Detail Determinants of Corporate Performance of Listed Companies in Indonesia (presented in The 4th UBAYA International Annual Symposium on Management "Financial Strategies and Policies: CHallenge of Tomorrow" Surabaya, 15 March 2007 Bibliografi Author: Prasetyantoko, A. Ico Tri ; Parmono, Vincentius Rachmadi Topik: firm performance; firm strategy and financial crisis Bahasa: (EN )     Penerbit: FE Manajemen Universitas Surabaya     Tempat Terbit: Surabaya    Tahun Terbit: 2007     Jenis: Papers/Makalah Fulltext: Paper 11 - Surabaya.pdf (62.55KB; 8 download) Abstract This paper is basically concerned with the factors determining corporate performance of listed companies in Indonesia, especially due to the 1997 financial crisis. The main results are fairly interesting in which firm size is positively related to firm profitability, but it is not related to market capitalization. This means that firm size is matter on the fundamental value of the firms, but it should not be important variable in market value of the firms. By employing panel data of 238 listed companies in Jakarta Stock Exchange (JSX) in the period of 1994 – 2004 for our samples, we also find that macro factors are more pertinent variables inducing firm performance, rather than firm-specific factors. It could be due to the great disruption related to the 1997 financial crisis. Our results also show that ownership factor matters on firm performance by the evidence that firms with majority foreign ownership have much higher performance in both measurements, namely return on asset (ROA) and market capitalization growth. Ordinary Least Square (OLS) is employed for estimation procedures in this paper. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Lihat Sejarah Pengadaan  Konversi Metadata   Kembali

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