The influence of Board of Commissioners’ demographic diversity towards LQ 45 performance in Indonesian Stock Exchange
Keywords:
Indonesia Stock Exchange.
Abstract
Penelitian ini bertujuan untuk membuktikan dan menganalisis pengaruh demographic diversity dewan komisaris terhadap kinerja perusahaan LQ 45. Pada penelitian ini digunakan sebanyak 26 perusahaan yang selalu konsisten berada dalam kelompok LQ 45. Data yang digunakan dari tahun 2015 sampai dengan 2018. Metode analisis yang digunakan untuk membuktikan kebenaran hipotesis adalah regresi berganda dan pengujian t-statistik. Berdasarkan hasil pengujian hipotesis yang telah dilakukan ditemukan bahwa keragaman usia, tenure, pendidikan dan gender dewan komisaris tidak berpengaruh terhadap kinerja perusahaan LQ 45 sedangkan keragaman etnis berpengaruh negatif dan signifikan terhadap kinerja perusahaan LQ 45 di Bursa Efek Indonesia.
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References
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Suhardjanto, D., Alwiyah, Utami, M. E., & Syafruddin, M. (2017). Board of Commissioners Diversity and Financial Performance: A Comparative Study of Listed Mining Industry in Indonesia and Pakistan. Review of Integrative Business & Economics, 6(Supplementary Issue 1), 131–142.
Supatmi, K. S. (2007). Pengaruh Board Diversity Terhadap Nilai Perusahaan Dalam Perspektif Corporate Governance. Jurnal Manajemen Keuangan, 9(2), 88–98.
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Babin, B. J., & Anderson, R. E. (2014). on Multivariate Data Analysis Joseph F . Hair Jr . William C . Black Seventh Edition (Sevent Edi). Edinburg Gate Harlow: Pearson Education Limited.
Bernard, P. H. (2012). Business Analysis & Evaluation Using Financial Statement (Third Edit). New Jersey: McGraw-Hill.
Bismark, P. (2017, September 23). Prospek Bisnis Pada Perusahaan LQ-45. Ekonomi Financial Harian Umum Kompas.
Brigham, E. F., & Houston, J. F. (2011). Fundamentals of Financial Management (10 Edition). Pearson: Ptentice-Hall.
Carroll, G. R., & Khessina, O. M. (2006). Organizational and Corporate Demography. Handbook of Population, (2001), 451–477. https://doi.org/10.1007/0-387-23106-4_16
Dagsson, S., & Larsson, E. (2011). How age diversity on the Board of Directors affects Firm Performance. Corporate Governance.
Daniel Katz & Robert L, K. (2013). The Social Psychology of Organization. Psychological Review (Second Edi, Vol. 4). New York: Folk International. https://doi.org/10.1037/h0072331
Darmadi, A. (2011). Kesesuaian Pendidikan Dewan Komisaris Terhadap Kinerja Keuangan. Jurnal Komisioner, 5(3), 12–21.
Dechow, P. M., Sloan, R. G., Sweeney, A. P., Sloan, R. G., & Sweeney, A. P. (2015). Detecting Earnings Management. Asian Financial Statement Analysis, 70(2), 73–105. https://doi.org/10.1002/9781119204763.ch4
Fama, E. F., & Jensen, M. C. (2005). Agency Problems and Residual Claims. SSRN Electronic Journal, XXVI(June), 327–349. https://doi.org/10.2139/ssrn.94032
García-Sánchez, I. M., Rodríguez-Domínguez, L., & Frías-Aceituno, J. V. (2014). Board of Directors and Ethics Codes in Different Corporate Governance Systems. Journal of Business Ethics, 131(3), 681–698. https://doi.org/10.1007/s10551-014-2300-y
Ghozali, I. (2014). Aplikasi analisis multivariate dengan program SPSS (Cetakan 12). Semarang: Badan Penerbit Universitas Diponegoro Press.
Gomez, L. E., & Bernet, P. (2019). Diversity improves performance and outcomes. Journal of the National Medical Association, 111(4), 383–392. https://doi.org/10.1016/j.jnma.2019.01.006
Higgins, R. C. (2007). Analysis for Financial Management.pdf. New Jersey: Pearson.
Jill Solomon, A. S. (2013). Corporate Governance and Accountability (First Edit). San Francisco: John Wiey & Sons Inc.
Meckling, M. C. J. & W. H. (1976). Theory of The Firm: Managerial Behavior Agency Cost and Ownership Structure. Jurnal of Financial Economic, 3(10), 305–360. https://doi.org/10.1177/0018726718812602
Mowday, R. T., & Sutton, R. I. (2013). Organizational Behavior : Organizational Contexts. Contexts (13th ed.). Irwin: McGraw-Hill.
Rahma, A. A., & Aldi, F. (2020). The Importance of Commissioners Board Diversity in CSR Disclosure, I(2), 136–149.
Rasmini, N. K., Wirakusuma, G., & Yuniasih, N. W. (2014). The Effect of Board Diversity on the Extent of Intellectual Capital Disclosure (Empirical Study in Indonesian Stock Exchange). Asia Pacific Journal of Accounting and Finance, 3(31), 45–58.
Rivai, A. (2019, September 23). Persaingan Bertahan Dalam 45 Perusahaan Elit di Bursa Efek Indonesia. Detik.Com/Financial. Retrieved from www.detik.com/financial
Rockey, J., & Zakir, N. (2020). When two tribes go to work: Board political diversity and firm performance. European Journal of Political Economy, 101883. https://doi.org/10.1016/j.ejpoleco.2020.101883
Ross, S. a, Westerfield, & Jaffe. (2012). Corporate Finance, 9th Ed. Irwin: McGraw-Hill.
Ruth Bender, K. W. (2013). Corporate Financial Strategy. Journal of Chemical Information and Modeling (Second Edi). San Francisco: Butterworth Heinemann. https://doi.org/10.1017/CBO9781107415324.004
Sartono, A. (2012). Manajemen Keuangan Teori dan Aplikasi (Edisi IV). Yogyakarta: BPFE.
Scott, W. R. (2013). William R. Scott. Financial Accounting Theory (Fifth Edit). Pearson: Prentice-Hall.
Sekaran, U. (2013). Research Methods for Business A Skill Building Approach (14th ed.). New York: John Wiey & Sons Inc.
Song, H. J., Yoon, Y. N., & Kang, K. H. (2020). The relationship between board diversity and firm performance in the lodging industry: The moderating role of internationalization. International Journal of Hospitality Management, 86(May 2019),
Stephen P Robbins, dan T. A. J. (2012). Organizational Behavior (15e ed.). Irwin: McGraw-Hill.
Suhardjanto, D., Alwiyah, Utami, M. E., & Syafruddin, M. (2017). Board of Commissioners Diversity and Financial Performance: A Comparative Study of Listed Mining Industry in Indonesia and Pakistan. Review of Integrative Business & Economics, 6(Supplementary Issue 1), 131–142.
Supatmi, K. S. (2007). Pengaruh Board Diversity Terhadap Nilai Perusahaan Dalam Perspektif Corporate Governance. Jurnal Manajemen Keuangan, 9(2), 88–98.
Tandelilin, E. (2010). Portofolio dan Investasi: Teori dan Aplikasi (Kedua). Yogyakarta: BPFE.
Torrington Derek , Hall Laura, T. S. (2014). Human Resource Management : Personnel Human Resource Management (Vol. 6).
Winarno, W. W. (2014). Analisis Ekonometrika dan Statistika dengan Menggunakan Eviews (Cetakan 5). Sleman Yogyakarta: UPP STIM YKPN.
Yasa, I. G. R., & Dewi, A. A. S. K. (2018). Pengaruh Stres Kerja Terhadap Kepuasan Kerja Dengan Motivasi Kerja Sebagai Variabel Mediasi. E-Jurnal Manajemen Universitas Udayana, 8(3), 1203. https://doi.org/10.24843/ejmunud.2019.v08.i03.p02
