Corporate Governance dan Firm Performance of Listed Companies in New Zealand

Fitriya, Fitriya and Basyith, Abdul (2012) Corporate Governance dan Firm Performance of Listed Companies in New Zealand. AKUNTABILITAS, 12 (1). pp. 89-103. ISSN 14120240

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Abstract

There has been a wealth of literature published in recent times regarding the effect of various corporate governance on firm performance. A good corporate framework can benefit the firm with easier financing, lower costs of capital, improve stakeholder favor, and overall better company performance, therefore in this study, an analysis of corporate governance factors and firm performance measures for the period 2007 to 2009 are examined. The aim of this study is to explore the corporate governance practices on company financial performance, as measured by Tobin's Q, return on assets (ROA) and operating income (OPINC). OLS regressions is used to find the presence of a good corporate governance toward firm performance. The findings reveal that only three independent variables (i.e. the proportion of non executive directors in board, the presence of an audit committee and the presence of a remuneration committee) were found to have significant impact on Tobin's Q. In addition, four independent variables were found to have significant impact on ROA and OPINC but for audit committee. In conclusion that only the proportion of non executive directors is significant for all performance measures.

Item Type: Article
Subjects: H Social Sciences > HG Finance
Divisions: Faculty of Law, Arts and Social Sciences > School of Management
Depositing User: Mr Abdul Basyith
Date Deposited: 19 Dec 2017 02:55
Last Modified: 19 Dec 2017 02:55
URI: http://eprints.binadarma.ac.id/id/eprint/3602

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