The Diversity of Board of Directors Characteristics and Firm Value

John, Jonathan; Sudiono, Ricky Raharja; Haryono, Luciana; Adelina, Yang Elvi

doi:10.30871/jaat.v5i2.2405

Cited by 4 publications

(9 citation statements)

References 15 publications

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“…These results are consistent with the results of the study by Rodrigues (2014), Mohammad et al (2018), John et al (2020), andPrasetya (2020). Meanwhile, contrary to the results of research by Bin Khidmat et al (2020), Brahma et al (2020), Agyemang-Mintah & Schadewitz (2017), Ullah et al (2019), Chijoke-mgbame et al (2020), Khan & Subhan (2019), Fidanoski et al (2014), Zakaria et al (2021), Sial et al (2018), andWoschkowiak (2018).…”

Section: Regression Resultssupporting

confidence: 93%

The effect of gender diversity on firm performance in Indonesia

Tania

Hesniati

2022

JMSAB

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This study investigates the relationships between gender diversity in the board of directors and firm performance. It also uses several control variables: education, age, tenure, board size, board meeting, firm size, firm age, and leverage. We examine the relationship between variables with several methods, such as descriptive statistic methods, correlation tests, t-tests, and hypothesis testing on 29 LQ45 companies from 2016-2020. Our finding shows that gender diversity on the board of directors significantly negatively impacts firm performance. Despite the negative research results, we still recommend that companies increase gender diversity on the board of directors because many studies state a positive relationship between gender diversity on the board of directors and firm performance. In addition, the small number of women on the board of directors is less capable of positively affecting company performance, whereas, in this study, the number of women in each company each year is relatively small. The limitations of this study are that the number of years studied is only five years and the measurement of gender diversity only uses one proxy.

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Section: Regression Resultssupporting

confidence: 93%

The effect of gender diversity on firm performance in Indonesia

Tania

Hesniati

2022

JMSAB

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“…Adanya pro dan kontra mengenai kepemimpinan generasi milenial, maka berpengaruh pada respon investor yang tercermin di dalam harga pasar saham dan berdampak pada nilai perusahaan. Beberapa penelitian sebelumnya pernah dilakukan untuk menjelaskan bahwa usia direksi akan berpengaruh terhadap nilai perusahaan seperti: Elsa et al, 2020;John et al, 2020;Magdalena dan Setiawan, 2021; Ramadhan, Hernawati dan Sari, 2021. H2 : Millennial leadership berpengaruh terhadap nilai perusahaan.…”

Section: Pengaruh Millennial Leadership Terhadap Nilai Perusahaanunclassified

“…Semakin tinggi tingkat keberagaman, semakin banyak alternatif solusi dalam pemecahan masalah karena heterogenitas perspektif masingmasing direksi. Oleh karena itu, dewan direksi sebaiknya tidak hanya didominasi pria, namun keberadaan wanita akan menjadi penyeimbang karena gaya kepemimpinan yang kognitif, berfokus pada keselarasan dan kemampuan untuk memfasilitasi penyebaran informasi (Saputra, 2019;Moreno et al, 2018;Khairani dan Harahap, 2017;John et al, (2020). H3 : Gender diversity berpengaruh terhadap nilai perusahaan.…”

Section: Pengaruh Gender Diversity Terhadap Nilai Perusahaanunclassified

“…Hal ini mengartikan bahwa jumlah pemimpin perempuan sebagai penyeimbang keragaman direksi di perusahaan tidak memiliki pengaruh terhadap naik atau turunnya nilai perusahaan. Berdasarkan hasil pengujian ini sejalan dengan penelitian yang dilakukan oleh John et al, (2020) bahwa gender diversity tidak berpengaruh signifikan terhadap nilai perusahaan. Pemangku kepentingn terutama investor tidak mengindahkan gender dari direksi.…”

Section: Pengaruh Gender Diversity Terhadap Nilai Perusahaanunclassified

“…Pria dan wanita memiliki perbedaan pola pikir dan psikologi dalam bertindak. Oleh karena itu, dewan direksi yang didominasi pria dengan dewan direksi yang didominasi wanita memiliki karakteristik berbeda dalam menentukan strategi perusahaan (Wang, 2020;Lee-Kuen et al, 2017;John et al, 2020;Syamsudin et.al, 2017) Strategi yang berbeda akan berpengaruh pada kinerja keuangan. Kinerja tersebut akan berdampak pada nilai perusahaan.…”

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Pengaruh Corporate Social Responsibility, Millennial Leadership, Gender Diversity terhadap Nilai Perusahaan.

Setiawan

Aprilia²

2022

Owner

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One measure of company success that indicates investors' confidence in the firm is firm value. Higher firm value suggests that investors' expectations have been achieved. Especially in the current conditions, the economic recovery after the COVID-19 pandemic, many allocations of public funds are entrusted with stock investment. This study bridges non-financial factors that are thought to have an effect on firm value such as CSR, millennial leadership, and gender diversity. The study was conducted on companies indexed LQ-45 in the 2017-2020 observation period. Quantitative content analysis is involved in identifying CSR disclosures. The data used is secondary data with SPSS 26 data processing technique.The results show that CSR and millennial leadership have a negative effect on firm value and there is no effect of gender diversity on firm value.This research opens up opportunities for future research where the existence of a generation gap affects trust in millennial leadership and impacts firm value

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Sharia governance and organizational performance in zakat management organization: evidence from Indonesia

Zakiy,

Falikhatun,

Fauziah

2023

JIABR

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Purpose This paper aims to investigate the impact of sharia governance on organizational performance in zakat management institutions in Indonesia over the period 2017–2021. Design/methodology/approach This study examined 33 zakat management organizations in Indonesia from 2017 through 2021 for 151 observations. Gross allocation ratio and growth of ZIS collection are used as organizational performance measures. The independent variables in this study are board of director size, educational background of the board of directors, sharia supervisory board size, sharia supervisory expertise, supervisory size and management size. Also, the study uses size, age and audit opinion as control variables to help measure the relationship between sharia governance and organizational performance. Findings This study shows that the board of directors and supervisory size positively and significantly affect organizational performance. Then, the educational background of board of directors has a negative and significant effect on organizational performance. In Model 1, sharia supervisory board size has a positive and significant effect on organizational performance, but in Model 2, sharia supervisory board size does not. Meanwhile, sharia supervisory expertise and management board size do not affect organizational performance. Practical implications The findings in this study illustrate the importance of transparency in the zakat management organization. Transparency helps minimize conflicts of interest and information asymmetry in the zakat management organization. In addition, sharia governance mechanism helps regulators and top management to make effective policies to improve and enhance organizational performance. Social implications Sharia governance is essential for zakat management organizations to increase accountability, credibility and public trust and support the practice of zakat management organizations. Originality/value This study discusses sharia governance and organizational performance in socioreligious organizations, especially zakat management organizations, which are still rarely carried out. Thus, this study broadens the insights of sharia governance and highlights the importance of performance appraisal in zakat management organizations.

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The Diversity of Board of Directors Characteristics and Firm Value

Cited by 4 publications

References 15 publications

The effect of gender diversity on firm performance in Indonesia

The effect of gender diversity on firm performance in Indonesia

Pengaruh Corporate Social Responsibility, Millennial Leadership, Gender Diversity terhadap Nilai Perusahaan.

Sharia governance and organizational performance in zakat management organization: evidence from Indonesia

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