Pengaruh karakteristik Dewan Komisaris terhadap kinerja perusahaan: studi kasus pada BUMN persero terbuka tahun 2014-2018

Susmanto, Awal (2020) Pengaruh karakteristik Dewan Komisaris terhadap kinerja perusahaan: studi kasus pada BUMN persero terbuka tahun 2014-2018. Masters thesis, IPB University.

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Abstract

Public listed SOEs on the Indonesia Stock Exchange (IDX) have a strategic position in the formation of the Jakarta Composite Index (JCI) which is one of the indicators in the national economy. In addition, the role of SOEs that are open to the state is also very vital (being a payment for dividends and taxes for the state). Not only that, state-owned enterprises (SOEs) are seen as driving the economy and nation building through their various business sectors. With a very strategic position, this public listed SOEs must be managed professionally by implementing good corporate governance practices. In the corporate governance mechanism in Indonesia which adopts a two-tier system, shareholders delegate the authority to supervise the management of the company which is carried out by the board of directors to the board of commissioners. Thus, the board of commissioners with their characteristics has a strategic role to increase the value of the company through the process of monitoring the management of the company. As far as the researchers' knowledge, in the context of research on the influence of corporate governance on the performance of Indonesian companies, there has not been any research that specifically examines public listed SOEs. Based on this background, this study aims to (1) analyze the effect of the number of commissioners on company performance; (2) analyzing the effect of board of commissioners meetings on company performance; (3) analyze the effect of the number of independent commissioners on company performance; (4) analyzing the effect of the education level of the board of commissioners on company performance; and (5) analyzing the effect of board members' age on company performance. The measured company performance is ROE and Tobin's Q in public listed SOEs in the 2014-2018 period. With data processing techniques using panel data regression on research variables, the best research model is obtained to measure the effect of the characteristics of the board of commissioners on company performance. The result is that the number of independent commissioners and the age of the board of commissioners have a significant positive effect on company performance (ROE and Tobin's Q), while the education level of the board members and board of commissioners meetings has a positive effect on ROE but has a negative effect on Tobin's Q. Number of board of commissioners do not have a significant effect on ROE, but have a positive effect on Tobin's Q. The results of this study carry several managerial implications that can be applied, namely that the Ministry of SOEs needs to improve several policies related to the regulation of corporate governance mechanisms, especially on the aspect of the board of commissioners.

Item Type: Thesis (Masters)
Uncontrolled Keywords: corporate governance, dewan komisaris, kementerian BUMN, kinerja perusahaan board of commissioner, corporate governance, ministry of SOEs, firm performance
Subjects: Manajemen Sumber Daya Manusia
Depositing User: SB-IPB Library
Date Deposited: 13 Jun 2022 01:55
Last Modified: 13 Jun 2022 01:58
URI: http://repository.sb.ipb.ac.id/id/eprint/3848

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