Remunerasi Direksi, Disparitas Gaji Antar Direksi Dan Kinerja Perusahaan

Abstract

Research Purposes. This research investigates the effect of directors' remuneration and pays dispersion among directors on firm performance. The study used a sample of non-financial services and insurance State-Owned Enterprises listed on the Indonesia Stock Exchange in 2015-2019. Research Methods. Data analysis technique used in this research is multiple regression. The firm performance is measured using the financial aspect health score, as stated in the Decree of the Minister of State-Owned Enterprises No. KEP-100 / MBU / 2002. The remuneration variable is measured using total remuneration. The pays dispersion between directors is measured using the average difference between the president director and other directors in the form of a percentage. Research Results and Findings. The test results show that directors' remuneration positively affects performance, while the pays dispersion between directors does not affect performance. These results indicate that the current regulations regarding the arrangements for BUMN directors' remuneration can reduce conflicts of interest of directors and prevent the negative impact of pays dispersion between directors.

Influence Of Corporate Governance On Financial Performance Of Companies

“…When directors receive high remuneration, they are motivated to perform better in achieving the planned financial performance. The results of the study are in line with the research that has been carried out by (Kirana and Novita, 2021) hat the remuneration of directors has a positive influence on the company's financial performance interesting enough for the board of directors. This research is similar to the observations carried out by (Pangestu et al, 2019), (Lemma et al, 2020) which can prove that the remuneration of directors has a positive influence on financial performance.…”

“…The results of previous studies that tested the remuneration of directors with company performance were (Agustina and Mulyani, 2017), (Pangestu et al, 2019), (Kirana and Novita, 2021) stated that the remuneration of directors has a positive relationship to the company's financial performance, while the research conducted by (Sitompul and Muslih, 2020) proves that there is a negative relationship between the remuneration of directors and financial performance.…”

The Effect of Remuneration of Directors and Commissioners, Enterprise Risk Management on Financial Distress with Firm Life Cycle as Moderation

“…In agency theory, remuneration acts as a motivator for managers to align their interests with those of shareholders so as to help improve their performance and reduce potential financial distress (Costa et al, 2023) (Kirana & Novita, 2021).…”

“…When managers realize that their incentives are directly related to company performance, they are more motivated to work hard to achieve goals that are in the interests of shareholders. Research (Massa, Partyka, & Lana, 2020), (Chatterjee, Jia, Nguyen, Taylor, & Duong, 2023), (Mariani & Suryani, 2021), (Costa, Lisboa, & Marzinzik, 2023), (Kirana & Novita, 2021) and (Pangestu, Agustia, & Rachman, 2019) shows that incentives in the form of performance-based compensation can encourage effective decision making, support growth, and reduce the risk of corporate financial distress.…”

Pengaruh Diversitas Gender, Corporate Social Responsibility, Dan Struktur Modal Terhadap Nilai Perusahaan Pada Sektor Energi Tahun 2016-2020

“…Dalam keterwakilan wanita di dewan, Indonesia setara dengan rata-rata ASEAN yaitu 14,9%. Namun, Indonesia tertinggal dalam hal jumlah wanita yang menduduki posisi manajemen senior yaitu 18,4%, jauh di bawah rata-rata ASEAN yang sebesar 25,2% (Kencana, 2019). Ramdhania et al (2020) dalam penelitiannya juga menyebutkan bahwa female CEOdanfemale director berpengaruh terhadap nilai perusahaan, keberadaan wanita dalam jajaran eksekutif puncak memberikan hasil yang lebih baik dalam peningkatan firm value sebuah perusahaan.…”