2016
DOI: 10.1016/j.ibusrev.2016.04.005
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Corporate governance, ownership and firm value: Drivers of ownership as a good corporate governance mechanism

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Cited by 88 publications
(114 citation statements)
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“…Several control variables have been included in the models to control factors that potentially effect firm value. Wecontrolled for firm size, firm age, leverage, debt, and liquidity, based on the extensive review of studies that used Tobin's Q as a measure for firm value (e.g., Fosu, Danso, Ahmad, & Coffie, 2016;Kuzey & Uyar, 2017;Lozano, Martínez, & Pindado, 2016;Saeidi, Sofian, Saeidi, Saeidi, & Saaeidi, 2015;Trumpp & Guenther, 2017). Variables description and measurements can be seen in Appendix A. Eco-friendly production 1.…”
Section: Control Variablesmentioning
confidence: 99%
“…Several control variables have been included in the models to control factors that potentially effect firm value. Wecontrolled for firm size, firm age, leverage, debt, and liquidity, based on the extensive review of studies that used Tobin's Q as a measure for firm value (e.g., Fosu, Danso, Ahmad, & Coffie, 2016;Kuzey & Uyar, 2017;Lozano, Martínez, & Pindado, 2016;Saeidi, Sofian, Saeidi, Saeidi, & Saaeidi, 2015;Trumpp & Guenther, 2017). Variables description and measurements can be seen in Appendix A. Eco-friendly production 1.…”
Section: Control Variablesmentioning
confidence: 99%
“…Sebagai konsekuen sinya manajer perusahaan menuntut meningkatkan kepemilikan saham oleh pihak manajemen agar manajer perusahaan dapat termotivasi dalam meningkatkan kinerja dan bertanggung jawab di dalam meningkatkan kemakmuran para pemegang saham sehingga dapat mengurangi adanya tindakan manajemen laba. Penelitian ini tidak sejalan dengan pendapat Salim, Arjomandi, & Seufert (2016) dan Lozano, Martinez, & Pindano (2016) yang menyatakan bahwa kepemilikan manajerial berpengaruh negatif signifikan terhadap manajemen. Semakin besar saham yang dimiliki oleh manajer dimungkinkan tindakan manajer yang melakukan manajemen laba semakin berkurang karena manajer merasa ikut mempunyai perusahaan sehingga akan mengurangi dampak terjadinya teori agensi pada perusahaan.…”
Section: Tabel 4 Hasil Uji Autokorelasiunclassified
“…Thus, an investigation of endogenous problems may be required for corporate governance variables. To correct the bias caused by endogenous variables, this study used the generalized moment estimation method (GMM) following Arora and Sharma, (2016) stated that GMM, which effectively overcomes the problem of endogeneity and simultaneity bias and furthermore Lozano, Martínez, and Pindado (2015) stated that there are two advantages to implementing the GMM estimator system, which can control the effects of unobserved heterogeneity and second to mitigate the endogeneity problem.…”
Section: Methodsmentioning
confidence: 99%