Board Structure and Ownership Structure on Performance: Evidence from Indonesia

Zunairoh, Liliana Inggrit Wijaya, Deddy Marciano, Marwin Antonius Rejeki Silalahi, Tri Ana Gita Nursela, Arif Herlambang

This research aim to analyze factor which affect firm performance (ROA, Tobin�s Q, and EVA). Independent Variable such as board size, board independence, institutional ownership, foreign ownership. This research uses quantitative approach by using multiple linear regression model. The sample of this research is all non-financial and banking sector company that listed in IDX for period of 2014-2023. The result of this research is institutional ownership, firm size, firm age has a significant effect for firm performance. On the other hand, board size, board independence, and foreign ownership have an insignificant effect for ROA but have a significant effect for Tobin�s Q and EVA. Meanwhile, leverage have an insignificant effect for EVA but have a significant effect for ROA and Tobin�s Q. An effective board structure and balanced ownership diversification can improve company performance. A competent board can provide sound strategic direction, while diversified ownership can reduce conflicts of interest and increase accountability. In addition, integration between corporate governance theory and practice can be an important contribution to understanding the more complex dynamics between board structure, ownership structure and corporate performance in Indonesia

2024/06/15

board size, board independence, institutional ownership, foreign ownership, firm performance

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37

3047-857X

Proceedings of the International Symposium on Management (INSYMA)

Fakultas Bisnis dan Ekonomika, Universitas Surabaya

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