Corporate governance, charter value, tipe kepemilikan, dan pengambilan risiko perbankan di Indonesia

Abstract

The research examines the influence of corporate governance and charter value on risk taking of registered bank at Indonesian Stock Exchange 2004-2013. Unbalanced panel data is used in this research. Corporate governance is determined by the number of board of commissioners, the percentage of independent commissioners, the quality of risk management, and the total annual coordination meetings of commissioners and board of directors. Tobins' Q is used to measure Charter value. Proxy of risk taking relies on market based measure and accounting based measure. Corporate governance and charter value have shown their role in controlling and maintaining the risk taking in banking system. Foreign and domestic ownerships which dominate their shares in a bank explains the similar risk taking. In fact, both have also demanded a high return. This research has also proved that risk taking conducted by bank management is in line with the risk calculation of accounting based measure. Therefore, it contributes a more consistent result.