Board Interlocking and Firm Performance: Evidence from Indonesia

Pertiwi, Meilinda Brielyan; Yulianto, Arief

doi:10.15294/maj.v9i1.34585

Cited by 6 publications

(3 citation statements)

References 14 publications

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“…These results prove that the hypothesis which states the place influences customer satisfaction can be accepted. This research is in line with research conducted by (Bailia, et al 2014), (Pertiwi, Yulianto, & Sunarti, 2016), (Sari et al, 2018), (Abbas, 2015), and (Wulandari & Mudiantono, 2013) where the results show that place has a significant effect on customer satisfaction. Based on observations, Solata Café is easily accessible so it becomes one of the main choices for consumers to hang out while eating and drinking.…”

Section: Research Findingsupporting

confidence: 92%

Consumer Loyalty as Impact of Marketing Mix and Customer Satisfaction

Risal¹,

Aqsa²

2021

MIMBAR, Jurnal Sosial dan Pembangunan

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This study aims to analyze the influence of the marketing mix consisting of products, prices, places and promotions as one of the marketing strategies at Solata Cafe Palopo. The population in this study is Solata Cafe Palopo customers with a sampling technique using purposive sampling and data obtained by distributing questionnaires to 100 respondents. The method used in this study is the evaluation of SEM models using Partial Least Square (PLS). Results of the study show that product, place and promotion variables have a significant effect on customer satisfaction while the price variable does not have a significant effect on customer satisfaction; and customer satisfaction has a significant effect on customer loyalty at Solata Cafe Palopo. R-Square in this study means that the influence of product, price, place and promotion variables on customer satisfaction is influenced by other variables outside this study.

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Section: Research Findingsupporting

confidence: 92%

Consumer Loyalty as Impact of Marketing Mix and Customer Satisfaction

Risal¹,

Aqsa²

2021

MIMBAR, Jurnal Sosial dan Pembangunan

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“…In Indonesia, Pertiwi and Yulianto (2020) found support for the resource dependence theory, with interlocked firms having higher profits.…”

Section: Southeast Asian Studiesmentioning

confidence: 89%

The Properties of Interlocking Directorates in the Philippines: An Exploratory Analysis

2022

RMRJ

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Governance has become an increasingly important factor in the investment decisions of firms and investors. Thus, it is important to determine the quality and composition of corporate boards, which are vital overseers who act in the best interests of shareholders to improve and strengthen them. While interlocking directorates are not a recent occurrence in the Philippines, updated literature on the structure of the country’s board interlock network is sparse. Thus, this study provides a baseline snapshot by analyzing all 251 publicly-listed companies on the Philippine Stock Exchange at the director and board levels. More so, the study utilizes social network analysis tools to describe the properties of interlocking directorates and visually maps out the social network that underpins these relationships. It reveals that the board network is extensive, with almost 90% of firms connected, thanks to a handful of key directors who have high degrees of connectivity.

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“…Ong et al (2003), on the other hand, investigated interlocking relationships in Singapore and documented a positive correlation between interlocking and corporate performance measured by return on assets (ROA), return on equity (ROE), and return on sales (ROS). In Indonesia, Pertiwi and Yulianto (2020) showed that the average performance of companies (based on their ROA) with interlocking directors is higher than those without. Additionally, Dayanandan et al (2019) concluded that, in India, the lack of caste diversity in boards, CEOs, and interlocks is associated with lower firm value.…”

Section: Hypothesis Developmentmentioning

confidence: 99%

The Old Boys Club in New Zealand Listed Companies

Chen

Ding

Wilson

2021

JRFM

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The board of directors plays an important role in implementing corporate governance in the firm, as directors have a fiduciary duty to the firm’s shareholders. The effectiveness of directors is a key determinant of corporate value and they need to bring a range of skills and experience to the boardroom. This skill and experience cannot be developed solely within the firm, and most boards incorporate non-executive directors who are or have been directors of other firms. Current research on the benefits of interlocking directorships is mixed between the claim that they bring outside feedback to the table and open decision makers’ minds, and those who think outside directors are a waste of money and can reduce company performance. This paper investigates the extent of interlocking directorship in New Zealand and how it affects corporate performance. Our findings of largely no significant impact on firm performance are consistent with the management control theory of director interlocks; the exceptions support the class hegemony theory that links interlocking directorship with a negative firm performance.

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Board Interlocking and Firm Performance: Evidence from Indonesia

Cited by 6 publications

References 14 publications

Consumer Loyalty as Impact of Marketing Mix and Customer Satisfaction

Consumer Loyalty as Impact of Marketing Mix and Customer Satisfaction

The Properties of Interlocking Directorates in the Philippines: An Exploratory Analysis

The Old Boys Club in New Zealand Listed Companies

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