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Abstrak :
ABSTRAK
Penelitian ini membahas pengaruh karakteristik dewan proporsi keluarga di dewan komisaris dan direksi proporsi komisaris independen proporsi mantan pejabat di dewan komisaris serta besaran dewan komisaris terhadap kinerja perusahaan Metode yang digunakan adalah regresi data panel fixed effects dengan jumlah sampel 293 perusahaan yang terdaftar di Bursa Efek Indonesia selama periode tahun 2008 2012 Kinerja perusahaan diukur berdasarkan ukuran pasar Tobin rsquo s Q dan ukuran akuntansi ROA Hasil penelitian menunjukkan bahwa proporsi keluarga dalam dewan komisaris dan direksi memberikan pengaruh positif terhadap nilai Tobin rsquo s Q sedangkan proporsi komisaris independen dapat meningkatkan Tobin rsquo s Q maupun ROA Untuk proporsi mantan pejabat di dalam dewan ternyata tidak memberikan efek terhadap kinerja perusahaan Dalam penelitian ini ditemukan pula bahwa besaran dewan mempunyai hubungan tidak linier dengan Tobin rsquo s Q dan ROA membentuk kurva berbentuk huruf U

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ABSTRACT
This research examines the effect of board characteristics proportion of family commissioner proportion of family director proportion of independent commissioner proportion of ex government officer commissioner and board of commissioner size to firm performance Using fixed effects data panel regression this research investigates 293 firms which are listed in Indonesian Stock Exchange between 2008 2012 Firm performance is proxied by market measure Tobin rsquo s Q and accounting measure ROA The findings of this research suggest that the proportion of family commissioner and family director have positive impact only to Tobin rsquo s Q value while the proportion of independent director can increase both Tobin rsquo s Q and ROA Moreover this research concludes that the proportion of ex government officer director gives no impact to firm performance This research also finds that board size has U shaped non linear relationship with firm performance as proxied by Tobin rsquo s Q and ROA

Abstrak :
Tujuan dari penelitian ini adalah untuk menguji dampak dari tata kelola perusahaan dalam hal board characteristics terhadap kinerja perusahaan dalam industri penerbangan. Secara khusus, penelitian ini menguji efek dari busy directors dan background of directors terhadap revenue passenger kilometers dan operating profits sebagai dua ukuran kinerja perusahaan penerbangan. Terlepas dari apakah perusahaan penerbangan menerapkan one-tier board system atau twotier board system, penelitian ini menggunakan analisis data panel dari 15 perusahaan selama kurun waktu 10 tahun (2004-2013) dari Asia dan Eropa yang sebagian besar sampel merupakan pembawa bendera negara mereka. Hasil penelitian menunjukkan bahwa busy directors secara signifikan mempengaruhi kinerja maskapai dengan efek negatif, terhadap revenue passenger kilometers dan operating profits. Background of directors, di sisi lain terbukti memiliki efek positif dan signifikan terhadap kinerja maskapai. ......The aim of this research is to examine the impact of corporate governance in terms of board characteristics towards firm performance in the airline industry. Specifically, this thesis tests the effects of busy directors and background of directors on revenue passenger kilometers and operating profits as the two measures of airline performance. Regardless of whether the airline companies practice one-tier board system or two-tier board system, this study uses panel data analysis of 15 companies for a period of 10 years (2004-2013) from Asia and Europe that are mostly flag carriers of their countries. The results shows that busy directors are significant that affect airline performance negatively, in terms of revenue passenger kilometers and operating profits. Board of directors background on the other hand is proven to have a positive effect and significantly influence airline performance.

Abstrak :
ABSTRACT This paper uses a difference in difference model to study the impact of venture capital (VC) participation on board characteristics. Our sample includes companies listed on the growth enterprise market (GEM) on Chinas Shenzhen stock exchange over the period 2009 to 2014. Our measure of board characteristics is chief executive officer (CEO) duality, the scale of the board of directors, and the proportion of independent directors. Our empirical analysis reveals the following findings: the VC backed GEM listed companies are more inclined to choose the mode of CEO duality and contain a large board of directors and a high proportion of independent directors. These characteristics, we find, are conducive to improving company performance.

Abstrak :

Penelitian ini bertujuan untuk membuktikan secara empiris pengaruh karakteristik level negara yang terdiri dari corruption, Foreign Direct Investment (FDI), unemployment rate dan karakteristik board yang terdiri dari independent directors, women on board, boards activity terhadap ESG Disclosure pada 115 perusahaan yang terdaftar di bursa negara-negara Indonesia, Filipina, Malaysia, Singapura, dan Thailand selama 5 (lima) periode observasi yaitu tahun 2014-2018 dengan menggunakan metode regresi. Hasil penelitian menghasilkan kesimpulan bahwa corruption berperan meningkatkan ESG Disclosure. Sementara FDI, unemployment rate, independent directors, women on board, boards activity tidak berpengaruh terhadap ESG Disclosure. Pengujian tambahan terhadap setiap pilar ESG menunjukkan bahwa corruption meningkatkan Environmental Disclosure dan Social Disclosure, FDI meningkatkan Environmental Disclosure, unemployment rate meningkatkan Social Disclosure tetapi menurunkan Governance Disclosure, dan independent directors menurunkan Environmental Disclosure. Hasil penelitian mencerminkan adanya indikasi kuat bahwa ESG Disclosure digunakan oleh perusahaan untuk memperoleh legitimasi melalui reputation buying pada lingkungan institusional yang korup. Selain itu, diduga peran board sebagai pengawas manajemen belum dijalankan dengan efektif sehingga board tidak berperan meningkatkan ESG Disclosure.

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This study aims at empirically investigating the influence of country-level characteristics consisting of corruption, Foreign Direct Investment (FDI), unemployment rate and board characteristics consisting of independent directors, women on board, boards activity on ESG Disclosure in 115 companies listed on the exchange the countries of Indonesia, the Philippines, Malaysia, Singapore and Thailand for 5 (five) observation periods, since 2014 till 2018 using the regression method. The results of the study concluded that corruption plays a vital role in increasing ESG Disclosure. While FDI, unemployment rate, independent directors, women on board, boards activity has no effect on ESG Disclosure. Additional test results on each ESG pillar indicate that corruption increases Environmental Disclosure and Social Disclosure, FDI increases Environmental Disclosure, unemployment rates increases Social Disclosure but decreases Governance Disclosure, and independent directors decrease Environmental Disclosure. The results of the study reflect the existence of strong indications that ESG Disclosure is used by companies to gain legitimacy through reputation buying in a corrupt institutional environment. In addition, it is suspected that the boards role as management supervisor has not been carried out effectively so that the board has no impact in increasing ESG Disclosure.

Abstrak :
Penelitian ini bertujuan untuk mengetahui pengaruh persentase komisaris asing terhadap frekuensi rapat dewan komisaris. Selain persentase komisaris asing, penelitian ini juga menguji beberapa karakteristik dewan komisaris, yaitu ukuran dewan, persentase komisaris independen, tenur komisaris, persentase komisaris wanita, serta remunerasi dewan komisaris. Penelitian ini menggunakan data panel dengan total 300 observasi, yang terdiri dari 60 perusahaan yang terdaftar di BEI serta periode penelitian yang digunakan adalah 5 tahun yaitu tahun 2010-2014. Data diperoleh dari laporan tahunan perusahaan secara hand-collected. Berdasarkan hasil penelitian, ditemukan bahwa persentase komisaris asing berpengaruh secara signifikan terhadap frekuensi rapat komisaris. Karakteristik komisaris lainnya yang mempengaruhi frekuensi rapat secara signifikan adalah ukuran dewan komisaris, presentase komisaris independen, remunerasi komisaris. Selain karakteristik dewan komisaris, financial leverage perusahaan juga memiliki pengaruh signifikan terhadap frekuensi rapat. ......This study is designed to determine the effect of foreign commissioner on board of commissioner (BOC) meeting frequency. Some other factors related to characteristics of BOC such as BOC size, percentage of independent commissioner, tenure, percentage of woman commissioner, and remuneration are also tested to see their effects on BOC meeting frequency. Total sample of this study consist of 300 balanced-panel data, which comprise of 60 BEI listed companies and 5 year-period during 2010-2014. All data are hand-collected from annual report. This study found that percentage of foreign commissioner affect negatively the BOC meeting frequency. Moreover, other BOC characteristics that significantly affects BOC meeting frequency are BOC size, percentage of independent commissioner and remuneration. Lastly, this study found that company’s financial risk also has significant positive affect to the BOC meeting frequency.