Abdallah, A., Qadorah, M., Hanim, F., & Fadzil, B. (2018). The Effect of Board Independence and Board Meeting on Firm Performance : Evidence from Jordan. International Journal of Accounting Finance and Risk Management, 6(5), 105–109.
Abdallah, A., Qadorah, M., Hanim, F., & Fadzil, B. (2018). The Relationship Between Board Size and CEO Duality and Firm Performance : Evidence from Jordan. International Journal of Accounting Finance and Risk Management, 3(3), 16–20.
Abdulsamad, A. O., Yusoff, W. F. W., & Lasyoud, A. A. (2018). The Influence of The Board of Directors’ Characteristics on Firm Performance: Evidence from Malaysian Public Listed Companies. Corporate Governance and Sustainability Review, 2(1), 6-13.
Adams, R., & Ferreira, D. (2009). Diversity and Incentives: Evidence from Corporate Boards. Unpublished working paper, University of Stockholm.
Afitasari, D. N., Khoiruddin. M. (2020). Pengaruh Bord Size, Direksi Wanita, Dewan Komisaris Wanita dan Managerial Ability terhadap Kebijakan Dividen. Management Analysis Journal, 4(1), 10-21
Ahmad, M., Nur, R., & Raja, S. (2019). Women Directors and Firm Performance : Malaysian Evidence Post Policy Announcement. Journal of Economic and Administrative Sciences
Alabdullah, T. T. Y., Ahmed, E. R., & Yahya, S. (2018). The Determination of Firm Performance in Emerging Nations: Do Board Size and Firm Size Matter?. International Academic Journal of Accounting and Financial Management, 5(2), 57-66.
Al-Matari, E. M. (2020). Do Characteristics of The Board of Directors and Top Executives Have an Effect on Corporate Performance Among The Financial Sector? Evidence Using Stock. Corporate Governance: The International Journal of Business in Society, 20(1), 16–43.
Alqatan, A., Chbib, I., & Hussainey, K. (2019). How Does Board Structure Impact on Firm Performance In The UK ?. Corporate Board: Role, Duties & Composition, 15(2).
Alshetwi, M. (2017). The Association Between Board Size, Independence and Firm Performance: Evidence from Saudi Arabia. Global Journal of Management And Business Research, 17(1).
Alshaboul, M. T., Ahmad, M., & Zraiq, A. (2020). Investigating The Relationship Between Board of Directors and Corporate Financial in Jordan. Journal of Finance and Accounting, 8(2), 59–63.
Appiah, K. O., Awunyo-Vitor, D., & Awuah-Nyarko, S. (2017). Corporate Governance and Financial Performance of Listed Banks: Evidence form Emerging Market. International Journal of Economics and Accounting, 8(1), 29-42
Apriliani, M. T., & Dewayanto, T. (2018). Pengaruh Tata Kelola Perusahaan, Ukuran Perusahaan Dan Umur Perusahaan Terhadap Kinerja Perusahaan. Diponegoro Journal of Accounting, 7(1).
Ararat, M., & Yurtoglu, B. B. (2020). Female Directors, Board Committees, and Firm Performance: Time-series Evidence from Turkey. Emerging Markets Review, 100768.
Balagobei, S., Lecturer, S., & Lanka, S. (2018). Corporate Governance and Firm Performance: Empirical Evidence from Emerging Market. Asian Economic and Financial Review, 8(12), 1415-1421.
Bermig, A., & Frick, B. (2010). Board Size, Board Composition, and Firm Performance: Empirical Evidence from Germany. Board Composition, and Firm Performance: Empirical Evidence from Germany (June 10, 2010).
Bhagat, S., & Bolton, B. (2019). Corporate Governance and Firm Performance: The Sequel. Journal of Corporate Finance, 58, 142-168.
Brahma, S., Nwafor, C., & Boateng, A. (2020). Board Gender Diversity and Firm Performance: The UK Evidence. International Journal of Finance & Economics.
Buchdadi, A. D., Ulupui, I. G. K. A., Dalimunthe, S., Pamungkas, B. G., & Fauziyyah, Y. (2019). Board of Director Meeting and Firm Performance. Academy of Accounting and Financial Studies Journal, 23(2), 1-7.
Bursa Efek Indonesia. 2021. Laporan Keuangan Tahunan. Jakarta: http://idx.co.id.
Bursa Malaysia. 2021. Annual Report. Kuala Lumpur: http://bursamalaysia.com
Buyuklu, A. H. (2016). Impacts of Corporate Governance on Firm Performance: Turkey Case With A Panel Data Analysis. Eurasian Journal of Economics and Finance, 4(1), 56-72.
Candradewi, I., & Sedana, I. B. P. (2016). Pengaruh Kepemilikan Manajerial, Kepemilikan Institusional dan Dewan Komisaris Independen Terhadap Return On Asset. Udayana University, 5(5), 3163–3190.
Chen, M., & Kao, C. (2021). Women on Boards of Directors and Firm Performance : The Mediation of Employment Downsizing. The International Journal of Human Resource Management, 0(0), 1–33.
Chou, H. I., Chung, H., & Yin, X. (2013). Attendance of Board Meetings and Company Performance: Evidence from Taiwan. Journal of Banking & Finance, 37(11), 4157-4171.
Choudhary, K. V. (2015). Impact of Board Size on Firm Performance: A Study of Selected BSE 500 Companies. Journal of Management and Technology, 10(1), 34-40.
Dewi, A. S., Sari, D., & Abaharis, H. (2018). Pengaruh Karakteristik Dewan Komisaris Terhadap Kinerja Perusahaan Manufaktur Di Bursa Efek Indonesia. Jurnal Benefita, 3(3), 445–454.
Duchin, R., Matsusaka, J. G., & Obas, O. (2010). When are Outside Directors Effective? Journal 0f Financial Economics, 96(2), 195-214.
Eckel, C. C., & Füllbrunn, S. C. (2017). Hidden Vs. Known Gender Effects in Experimental Asset Markets. Economics Letters, 156, 7-9.
Eluyela, D. F., Akintimehin, O. O., Okere, W., Ozordi, E., Osuma, G. O., Ilogho, S. O., & Oladipo, O. A. (2018). Board Meeting Frequency and Firm Performance: Examining The Nexus in Nigerian Deposit Money Banks. Heliyon, 4(10).
Fama, E., & Jensen, M. (1983). Agency Problems and Residual Claims. The Journal of Law and Economics, 26(2), 327-349.
Francis, B. B., Hasan, I., & Wu, Q. (2012). Do Corporate Boards Affect Firm Performance? New Evidence from The Financial Crisis. Bank of Finland Research Discussion Paper, (11).
Ghozali, I., & Ratomo, D. (2017). Analisis Multivariat dan Ekonometrika “Teori, Konsep, dan Aplikasi dengan Eviews 10”. Semarang: UNDIP.
Gujarati, D. N., & Porter, D. C. (2013). Dasar-Dasar Ekonometrika Buku 2. Jakarta: Salemba Empat.
Hassan, S. U., & Ahmed, A. (2012). Corporate Governance, Earnings Management and Financial Performance: A Case of Nigerian Manufacturing Firms. American International Journal of Contemporary Research, 2(7), 214-226.
Hezabr, A. A., Qeshta, M. H., & Ghassan, F. (2020). Board of Directors Characteristics and Firm Performance : Evidence from the Insurance Sector in Bahrain, 14(9).
Hidayat, M. (2018). Faktor-Faktor Yang Mempengaruhi Kinerja Perusahaan. Jurnal Manajemen Bisnis dan Kewirausahaan, 2(5).
Hossain, M. S., & Saif, A. N. M. (2019). Impact of Firm Size on Financial Performance of Banking Companies in Bangladesh. Journal of Banking & Financial Services, 11(2), 143-160.
Husnan, S., & Pudjiastuti, E. (2015). Dasar-Dasar Manajemen Keuangan, Edisi Ketujuh. Yogyakarta: Upp Stim Ykpn.
Hussain, S., Ahmad, T., & Hassan, S. (2019). Corporate Governance and Firm performance using GMM. International Journal of Information, Business and Management, 11(2), 300-316.
Innayah, M. N., Pratama, B. C., & Hanafi, M. M. (2020). The Effect of Intellectual Capital towards Firm Performance and Risk with Board Diversity as a Moderating Variable: Study in ASEAN Banking Firms. JDM (Jurnal Dinamika Manajemen), 11(1), 27-38.
Jensen, M. C., & Meckling, W. H. (1976). Theory of The Firm: Managerial Behavior, Agency Costs and Ownership Structure. Journal of financial economics, 3(4), 305-360
Johl, S. K., Kaur, S., & Cooper, B. J. (2015). Board Characteristics and Firm Performance: Evidence from Malaysian Public Listed Firms. Journal of Economics, Business and Management, 3(2), 239-243.
Kakanda, M., Salim, B., & Chandren, S. (2016). Review of The Relationship Between Board Attributes and Firm Performance. Asian Journal of Finance & Accounting, 8(1).
Kao, M. F., Hodgkinson, L., & Jaafar, A. (2019). Ownership Structure, Board of Directors and Firm Performance: Evidence from Taiwan. Corporate Governance: The international journal of business in society.
Kim, D., & Starks, L. T. (2016). Gender Diversity on Corporate Boards: Do Women Contribute Unique Skills?. American Economic Review, 106(5), 267-71.
Korir, A. C., & Cheruiyot, T. (2017). Effect of Corporate Governance on Firm Performance. European Journal of Business and Strategic Management, 2(1), 29-51.
Kumar, A., Nigam, N. K., & Singh, K. (2020). Do Women Directors Impact Financial Outcomes? The Indian Evidence. Indian Journal of Corporate Governance, 13(2), 119-139.
Kusumastuti, S., Supatmi, & Sastra, P. (2007). Pengaruh Board Diversity Terhadap Nilai Perusahaan dalam Perspektif Corporate Governance. Jurnal Akuntansi Dan Keuangan, 9(2), 88–98.
Larcker, D., & Tayan, B. (2015). Corporate Governance Matters: A Closer Look at Organizational Choices and Their Consequences. Pearson education.
Lin, Z. P., Yang, H., & Sun, S. L. (2009). How Do Networks and Learning Drive M&As? An Institutional Comparison Between China and The United States. Strategic Management Journal, 30(10),
Liu, Y., Wei, Z., & Xie, F. (2014). Do Women Directors Improve Firm Performance in China?. Journal of corporate finance, 28, 169-184.
Lusiana, E., & Sudarma, K. (2018). The Influence of Financial Performance and Corporate Governance Mechanism on Capital Structure. Management Analysis Journal, 7(4), 400-413
Makhlouf, M. H., Laili, N. H., Ramli, N. A., & Basah, M. Y. (2017). Board of Directors’ Effectiveness and Firm Performance: Evidence from Jordan. Research Journal of Finance and Accounting, 8(18), 23-34.
Marinova, J., Plantenga, J., & Remery, C. (2016). Gender Diversity and Firm Performance : Evidence from Dutch and Danish Boardrooms. The International Journal of Human Resource Management, 5192, 1–14.
Martono, S., Yulianto, A., Witiastuti, R. S., & Wijaya, A. P. (2020). The Role of Institutional Ownership an Industry Characteristics on The Propensity to Pay Dividend: An Insight from Company Open Innovation. Journal of Open Innovation: Technology, Market, and Complexity, 6(3), 74.
Masulis, R. W., Wang, C., & Xie, F. (2012). Globalizing The Boardroom—The Effects of Foreign Directors on Corporate Governance and Firm Performance. Journal of Accounting and Economics, 53(3), 527-554.
Martín-Ugedo, J. F., Mínguez-Vera, A., & Rossi, F. (2019). Female Directors and Firm Performance in Italian and Spanish Listed Firms: Does Masculinity Matter?. Academia Revista Latinoamericana de Administración, 411-436.
Mattiara, N. S., Saerang, I. S., & Tulung, J. E. (2020). Pengaruh Kepemilikan Institusional, Board Size, dan Leverage terhadap Kinerja Keuangan pada Industri Keuangan Non Bank yang Terdaftar di Bursa Efek Indonesia Tahun 2014-208. Jurnal EMBA: Jurnal Riset Ekonomi, Manajemen, Bisnis dan Akuntansi, 8(3).
Nurhayati, S. (2017). Analisa Pengaruh Intellectual Capital terhadap Kinerja Pasar dan Kinerja Keuangan pada Perusahaan LQ45 yang Terdaftar di Bursa Efek Indonesia Periode Tahun 2010-2013. Jurnal ASET (Akuntansi Riset), 9(1), 133-172.
Nugroho, R. M., & Widiasmara, A. (2019). Pengaruh Dewan Direksi berdasarkan Gender, Kepemilikan Manajerial, Kepemilikan Institusional dan Profitabilitas terhadap Kinerja Perusahaan Perbankan Periode 2015-2017. In SIMBA: Seminar Inovasi Manajemen, Bisnis, dan Akuntansi (Vol. 1).
Nurim, Y., Sunardi, S., & Raharti, R. (2017). The Type I versus Type II Agency Conflict on Earnings Management. JDM (Jurnal Dinamika Manajemen), 8(1), 44-58.
Oyerinde, A. A. (2014). Corporate Governance and Bank Performance in Nigeria : Further Evidence from Nigeria. International Journal of Business and Management, 9(8), 133–139.
Pasko, O., Chen, F., & Wang, J. (2021). Does Board Composition Matter ? The Relationship Between Board Characteristics and Financial Performance : Evidence From Chinese Listed Agricultural Companies, 12(1).
Papangkorn, S., Chatjuthamard, P., Jiraporn, P., & Chueykamhang, S. (2019). Female directors and firm performance : Evidence from the Great Recession. Available at SSRN 3375702.
Pertiwi, M. B., & Yulianto, A. (2020). Board Interlocking and Firm Performance: Evidence from Indonesia. Management Analysis Journal, 9(1), 26-34.
Post, C., & Byron, K. (2015). Women on Boards and Firm Financial Performance: A Meta-analysis. Academy of management Journal, 58(5), 1546-1571.
Putri, H. Y., & Witiastuti, R. S. (2018). Board Demographic Diversity and The Financial Companies Performance in Indonesia. Management Analysis Journal, 1–18.
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Syamsudin, S., Imronudin, I., Utomo, S. T., & Praswati, A. N. (2017). Corporate Governance in Detecting Lack of Financial Report. JDM (Jurnal Dinamika Manajemen), 8(2), 167-176.
Taghizadeh, M., & Saremi, S. (2013). Board of Directors and Firms Performance: Evidence from Malaysian Public Listed Firm. International Proceedings of Economics Development and Research, 59, 178.
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Ting, I. W. K., Kweh, Q. L., & Hoanh, L. T. H. (2018). Board meeting frequency and financial performance: A case of listed firms in Vietnam. International Journal of Business and Society, 19(2), 464-472.
Tulung, J. E., & Ramdani, D. (2018). Independence, Size and Performance of The Board: An Emerging Market Research. Corporate Ownership & Control, 15(2).
Wahyuningrum, I. F. S., Yanto, H., Oktavilia, S., Setyadharma, A., Yulianto, A., & Triasi, A. (2020). Effect of Company Characteristics and Corporate Governance on the Quantity of Environmental Disclosure. In IOP Conference Series: Earth and Environmental Science (Vol. 448, No. 1, p. 012084). IOP Publishing.
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Yulianto, A. (2013). Keputusan Struktur Modal dan Kebijakan Dividen sebagai Mekanisme Mengurangi Masalah Keagenan. JDM (Jurnal Dinamika Manajemen), 4(2).
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Abdallah, A., Qadorah, M., Hanim, F., & Fadzil, B. (2018). The Relationship Between Board Size and CEO Duality and Firm Performance : Evidence from Jordan. International Journal of Accounting Finance and Risk Management, 3(3), 16–20.
Abdulsamad, A. O., Yusoff, W. F. W., & Lasyoud, A. A. (2018). The Influence of The Board of Directors’ Characteristics on Firm Performance: Evidence from Malaysian Public Listed Companies. Corporate Governance and Sustainability Review, 2(1), 6-13.
Adams, R., & Ferreira, D. (2009). Diversity and Incentives: Evidence from Corporate Boards. Unpublished working paper, University of Stockholm.
Afitasari, D. N., Khoiruddin. M. (2020). Pengaruh Bord Size, Direksi Wanita, Dewan Komisaris Wanita dan Managerial Ability terhadap Kebijakan Dividen. Management Analysis Journal, 4(1), 10-21
Ahmad, M., Nur, R., & Raja, S. (2019). Women Directors and Firm Performance : Malaysian Evidence Post Policy Announcement. Journal of Economic and Administrative Sciences
Alabdullah, T. T. Y., Ahmed, E. R., & Yahya, S. (2018). The Determination of Firm Performance in Emerging Nations: Do Board Size and Firm Size Matter?. International Academic Journal of Accounting and Financial Management, 5(2), 57-66.
Al-Matari, E. M. (2020). Do Characteristics of The Board of Directors and Top Executives Have an Effect on Corporate Performance Among The Financial Sector? Evidence Using Stock. Corporate Governance: The International Journal of Business in Society, 20(1), 16–43.
Alqatan, A., Chbib, I., & Hussainey, K. (2019). How Does Board Structure Impact on Firm Performance In The UK ?. Corporate Board: Role, Duties & Composition, 15(2).
Alshetwi, M. (2017). The Association Between Board Size, Independence and Firm Performance: Evidence from Saudi Arabia. Global Journal of Management And Business Research, 17(1).
Alshaboul, M. T., Ahmad, M., & Zraiq, A. (2020). Investigating The Relationship Between Board of Directors and Corporate Financial in Jordan. Journal of Finance and Accounting, 8(2), 59–63.
Appiah, K. O., Awunyo-Vitor, D., & Awuah-Nyarko, S. (2017). Corporate Governance and Financial Performance of Listed Banks: Evidence form Emerging Market. International Journal of Economics and Accounting, 8(1), 29-42
Apriliani, M. T., & Dewayanto, T. (2018). Pengaruh Tata Kelola Perusahaan, Ukuran Perusahaan Dan Umur Perusahaan Terhadap Kinerja Perusahaan. Diponegoro Journal of Accounting, 7(1).
Ararat, M., & Yurtoglu, B. B. (2020). Female Directors, Board Committees, and Firm Performance: Time-series Evidence from Turkey. Emerging Markets Review, 100768.
Balagobei, S., Lecturer, S., & Lanka, S. (2018). Corporate Governance and Firm Performance: Empirical Evidence from Emerging Market. Asian Economic and Financial Review, 8(12), 1415-1421.
Bermig, A., & Frick, B. (2010). Board Size, Board Composition, and Firm Performance: Empirical Evidence from Germany. Board Composition, and Firm Performance: Empirical Evidence from Germany (June 10, 2010).
Bhagat, S., & Bolton, B. (2019). Corporate Governance and Firm Performance: The Sequel. Journal of Corporate Finance, 58, 142-168.
Brahma, S., Nwafor, C., & Boateng, A. (2020). Board Gender Diversity and Firm Performance: The UK Evidence. International Journal of Finance & Economics.
Buchdadi, A. D., Ulupui, I. G. K. A., Dalimunthe, S., Pamungkas, B. G., & Fauziyyah, Y. (2019). Board of Director Meeting and Firm Performance. Academy of Accounting and Financial Studies Journal, 23(2), 1-7.
Bursa Efek Indonesia. 2021. Laporan Keuangan Tahunan. Jakarta: http://idx.co.id.
Bursa Malaysia. 2021. Annual Report. Kuala Lumpur: http://bursamalaysia.com
Buyuklu, A. H. (2016). Impacts of Corporate Governance on Firm Performance: Turkey Case With A Panel Data Analysis. Eurasian Journal of Economics and Finance, 4(1), 56-72.
Candradewi, I., & Sedana, I. B. P. (2016). Pengaruh Kepemilikan Manajerial, Kepemilikan Institusional dan Dewan Komisaris Independen Terhadap Return On Asset. Udayana University, 5(5), 3163–3190.
Chen, M., & Kao, C. (2021). Women on Boards of Directors and Firm Performance : The Mediation of Employment Downsizing. The International Journal of Human Resource Management, 0(0), 1–33.
Chou, H. I., Chung, H., & Yin, X. (2013). Attendance of Board Meetings and Company Performance: Evidence from Taiwan. Journal of Banking & Finance, 37(11), 4157-4171.
Choudhary, K. V. (2015). Impact of Board Size on Firm Performance: A Study of Selected BSE 500 Companies. Journal of Management and Technology, 10(1), 34-40.
Dewi, A. S., Sari, D., & Abaharis, H. (2018). Pengaruh Karakteristik Dewan Komisaris Terhadap Kinerja Perusahaan Manufaktur Di Bursa Efek Indonesia. Jurnal Benefita, 3(3), 445–454.
Duchin, R., Matsusaka, J. G., & Obas, O. (2010). When are Outside Directors Effective? Journal 0f Financial Economics, 96(2), 195-214.
Eckel, C. C., & Füllbrunn, S. C. (2017). Hidden Vs. Known Gender Effects in Experimental Asset Markets. Economics Letters, 156, 7-9.
Eluyela, D. F., Akintimehin, O. O., Okere, W., Ozordi, E., Osuma, G. O., Ilogho, S. O., & Oladipo, O. A. (2018). Board Meeting Frequency and Firm Performance: Examining The Nexus in Nigerian Deposit Money Banks. Heliyon, 4(10).
Fama, E., & Jensen, M. (1983). Agency Problems and Residual Claims. The Journal of Law and Economics, 26(2), 327-349.
Francis, B. B., Hasan, I., & Wu, Q. (2012). Do Corporate Boards Affect Firm Performance? New Evidence from The Financial Crisis. Bank of Finland Research Discussion Paper, (11).
Ghozali, I., & Ratomo, D. (2017). Analisis Multivariat dan Ekonometrika “Teori, Konsep, dan Aplikasi dengan Eviews 10”. Semarang: UNDIP.
Gujarati, D. N., & Porter, D. C. (2013). Dasar-Dasar Ekonometrika Buku 2. Jakarta: Salemba Empat.
Hassan, S. U., & Ahmed, A. (2012). Corporate Governance, Earnings Management and Financial Performance: A Case of Nigerian Manufacturing Firms. American International Journal of Contemporary Research, 2(7), 214-226.
Hezabr, A. A., Qeshta, M. H., & Ghassan, F. (2020). Board of Directors Characteristics and Firm Performance : Evidence from the Insurance Sector in Bahrain, 14(9).
Hidayat, M. (2018). Faktor-Faktor Yang Mempengaruhi Kinerja Perusahaan. Jurnal Manajemen Bisnis dan Kewirausahaan, 2(5).
Hossain, M. S., & Saif, A. N. M. (2019). Impact of Firm Size on Financial Performance of Banking Companies in Bangladesh. Journal of Banking & Financial Services, 11(2), 143-160.
Husnan, S., & Pudjiastuti, E. (2015). Dasar-Dasar Manajemen Keuangan, Edisi Ketujuh. Yogyakarta: Upp Stim Ykpn.
Hussain, S., Ahmad, T., & Hassan, S. (2019). Corporate Governance and Firm performance using GMM. International Journal of Information, Business and Management, 11(2), 300-316.
Innayah, M. N., Pratama, B. C., & Hanafi, M. M. (2020). The Effect of Intellectual Capital towards Firm Performance and Risk with Board Diversity as a Moderating Variable: Study in ASEAN Banking Firms. JDM (Jurnal Dinamika Manajemen), 11(1), 27-38.
Jensen, M. C., & Meckling, W. H. (1976). Theory of The Firm: Managerial Behavior, Agency Costs and Ownership Structure. Journal of financial economics, 3(4), 305-360
Johl, S. K., Kaur, S., & Cooper, B. J. (2015). Board Characteristics and Firm Performance: Evidence from Malaysian Public Listed Firms. Journal of Economics, Business and Management, 3(2), 239-243.
Kakanda, M., Salim, B., & Chandren, S. (2016). Review of The Relationship Between Board Attributes and Firm Performance. Asian Journal of Finance & Accounting, 8(1).
Kao, M. F., Hodgkinson, L., & Jaafar, A. (2019). Ownership Structure, Board of Directors and Firm Performance: Evidence from Taiwan. Corporate Governance: The international journal of business in society.
Kim, D., & Starks, L. T. (2016). Gender Diversity on Corporate Boards: Do Women Contribute Unique Skills?. American Economic Review, 106(5), 267-71.
Korir, A. C., & Cheruiyot, T. (2017). Effect of Corporate Governance on Firm Performance. European Journal of Business and Strategic Management, 2(1), 29-51.
Kumar, A., Nigam, N. K., & Singh, K. (2020). Do Women Directors Impact Financial Outcomes? The Indian Evidence. Indian Journal of Corporate Governance, 13(2), 119-139.
Kusumastuti, S., Supatmi, & Sastra, P. (2007). Pengaruh Board Diversity Terhadap Nilai Perusahaan dalam Perspektif Corporate Governance. Jurnal Akuntansi Dan Keuangan, 9(2), 88–98.
Larcker, D., & Tayan, B. (2015). Corporate Governance Matters: A Closer Look at Organizational Choices and Their Consequences. Pearson education.
Lin, Z. P., Yang, H., & Sun, S. L. (2009). How Do Networks and Learning Drive M&As? An Institutional Comparison Between China and The United States. Strategic Management Journal, 30(10),
Liu, Y., Wei, Z., & Xie, F. (2014). Do Women Directors Improve Firm Performance in China?. Journal of corporate finance, 28, 169-184.
Lusiana, E., & Sudarma, K. (2018). The Influence of Financial Performance and Corporate Governance Mechanism on Capital Structure. Management Analysis Journal, 7(4), 400-413
Makhlouf, M. H., Laili, N. H., Ramli, N. A., & Basah, M. Y. (2017). Board of Directors’ Effectiveness and Firm Performance: Evidence from Jordan. Research Journal of Finance and Accounting, 8(18), 23-34.
Marinova, J., Plantenga, J., & Remery, C. (2016). Gender Diversity and Firm Performance : Evidence from Dutch and Danish Boardrooms. The International Journal of Human Resource Management, 5192, 1–14.
Martono, S., Yulianto, A., Witiastuti, R. S., & Wijaya, A. P. (2020). The Role of Institutional Ownership an Industry Characteristics on The Propensity to Pay Dividend: An Insight from Company Open Innovation. Journal of Open Innovation: Technology, Market, and Complexity, 6(3), 74.
Masulis, R. W., Wang, C., & Xie, F. (2012). Globalizing The Boardroom—The Effects of Foreign Directors on Corporate Governance and Firm Performance. Journal of Accounting and Economics, 53(3), 527-554.
Martín-Ugedo, J. F., Mínguez-Vera, A., & Rossi, F. (2019). Female Directors and Firm Performance in Italian and Spanish Listed Firms: Does Masculinity Matter?. Academia Revista Latinoamericana de Administración, 411-436.
Mattiara, N. S., Saerang, I. S., & Tulung, J. E. (2020). Pengaruh Kepemilikan Institusional, Board Size, dan Leverage terhadap Kinerja Keuangan pada Industri Keuangan Non Bank yang Terdaftar di Bursa Efek Indonesia Tahun 2014-208. Jurnal EMBA: Jurnal Riset Ekonomi, Manajemen, Bisnis dan Akuntansi, 8(3).
Nurhayati, S. (2017). Analisa Pengaruh Intellectual Capital terhadap Kinerja Pasar dan Kinerja Keuangan pada Perusahaan LQ45 yang Terdaftar di Bursa Efek Indonesia Periode Tahun 2010-2013. Jurnal ASET (Akuntansi Riset), 9(1), 133-172.
Nugroho, R. M., & Widiasmara, A. (2019). Pengaruh Dewan Direksi berdasarkan Gender, Kepemilikan Manajerial, Kepemilikan Institusional dan Profitabilitas terhadap Kinerja Perusahaan Perbankan Periode 2015-2017. In SIMBA: Seminar Inovasi Manajemen, Bisnis, dan Akuntansi (Vol. 1).
Nurim, Y., Sunardi, S., & Raharti, R. (2017). The Type I versus Type II Agency Conflict on Earnings Management. JDM (Jurnal Dinamika Manajemen), 8(1), 44-58.
Oyerinde, A. A. (2014). Corporate Governance and Bank Performance in Nigeria : Further Evidence from Nigeria. International Journal of Business and Management, 9(8), 133–139.
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Affiliations
Elisa Fajarwati
Universitas Negeri Semarang
Rini Setyo Witiastuti
Universitas Negeri Semarang
How to Cite
1.
Fajarwati E, Witiastuti R. Board of Directors Structure and Firm Performance: Evidence from Indonesia and Malaysia. MAJ [Internet]. 29Mar.2022 [cited 19Nov.2024];11(1):8-1. Available from: http://journal.unnes.ac.id/sju/maj/article/view/51672
Board of Directors Structure and Firm Performance: Evidence from Indonesia and Malaysia
Vol 11 No 1 (2022): Management Analysis Journal
Submitted: Nov 8, 2021
Published: Mar 29, 2022
Abstract
The purpose of this study is to identify the influence of board size, independent director, board meeting frequency and women director on firm performance. Type of this research is a quantitative research using secondary data. The population in this study are manufacturing companies listed on the Indonesia Stock Exchange and Bursa Malaysia in 2015-2019. The sampling method used was purposive sampling consisting of 120 companies in Indonesia Stock Exchange and 209 companies in Bursa Malaysia. The data analysis method used is multiple regression analysis which is preceded by the selection of a panel data estimation model using the Eviews 9 software. The results of the model test show that the best panel data estimation model is using the random effect model. The results showed that board size and board meeting frequency have a significant positive effect on the performance of manufacturing companies in Indonesia Stock Exchange and Bursa Malaysia. Independent directors has a significant positive effect on firm performance in Bursa Malaysia, but have a significant negative effect on firm performance in Indonesia Stock Exchange. Women directors has a significant positive effect on firm performance in Indonesia Stock Exchange, but has significant negative effect on firm performance in Bursa Malaysia.