Simultaneous Relationships Between Corparate Governance Practice and Firm Value  

Oleh:

Utama, Cynthia Afriani, Handi

Jenis: Article from Journal - ilmiah internasional - terdaftar di DIKTI
Dalam koleksi: The Indonesian Journal of Accounting Research (Jurnal Riset Akuntansi Indonesia) vol. 14 no. 1 (Jan. 2011), page 1-22.
Topik: Corparate governance; firm value; ownership structure

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: RR17.9 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

Lihat Detail Induk

Isi artikel

the main purpose of this study is to investigate whether there is a simultaneous relationshipbetween corparate governance (CG) practice and firm value. this study also investigates: 1) the effect of ririsks and firm profitability on firm value; and 2) the effect of ownweship structure (i.e., regulated, stateowned-enterprise (SOE), foreign, and institutonal invenstors) and company size on CG practice. based on the corparate governance scores rated by thye institute of Indonesian Corporate Directorship (IICD) in 2005, the study finds that corporate governance practice provides a positive effect on firm value , but not vice verca. this study also shows that: 1) firm value is affected positiveli by profitability but not affected negatifelly by risk ; and 2) the types of ownership structure, i.e. SOE, foreign and regulated industry enhance CG practice. Finally, company size positively affects CG practice. meanwhile, the study fails to find a positive association between ownership by institutional investors and CG practice.

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