Corporate Governance and its Impact in Company's Stock Price: Case Study

• PRABOWO, BAHTIAR ^[1] ; ROCHMATULAILI, ENY ^[1] ; RUSDIYANTO, RUSDIYANTO ^[2] ; SULISTYOWATI, ENY ^[1]
  1. [1] University Yos Soedarso, Indonesia
  2. [2] University of Airlangga, Indonesia University of Gresik, Indonesia
• Localización: Utopía y praxis latinoamericana: revista internacional de filosofía iberoamericana y teoría social, ISSN-e 1316-5216, Nº. Extra 10, 2020 (Ejemplar dedicado a: Extra 10 [Interlocuciones]), págs. 187-196
• Idioma: inglés
• Enlaces
  • Texto completo (pdf)
• Resumen
  • español

    Este estudio tiene como objetivo evaluar la aplicación de la buena gobernabilidad corporativa a los precios de las acciones de las empresas manufactureras indonesias. Se utiliza un método descriptivo con un enfoque cuantitativo. La población en este estudio está compuesta por las empresas manufactureras indonesas de 2016 a 2018. Los datos de la investigación utilizan información secundaria, tales como los estados financieros de dichas empresas. Los resultados del estudio indican que el Comisionado Independiente y la Propiedad Administrativa tienen un impacto en los precios de las acciones, mientras que la Propiedad Institucional no tiene impacto.

  • English

    This study aims to evaluate the application of good corporate governance to the stock prices of Indonesian manufacturing companies. It is used a descriptive method with a quantitative approach. The population in this study is the manufacturing companies in Indonesia from 2016 to 2018. The research data uses secondary information, and financial statements of the companies. The results of the study indicate that the Independent Commissioner and Managerial Ownership have an impact on stock prices, while the Institutional Ownership does not have an impact.

• Referencias bibliográficas
  • AKBAŞ, HE & CANIKLI, S (2019). "Determinants of voluntary greenhouse gas emission disclosure: An empirical investigation on Turkish...
  • CATER, J, JAMES, K, KIDWELL, R, CAMP, K & YOUNG, M (2019). "HRM practices and effectiveness: a comparison of US Hispanic and non-Hispanic...
  • CHING, HY (2020). "Responsible Investment and the Disclosure of ESG Information in the Companies’ Integrated Reports." World Sustainability...
  • CHRISMAN, JJ (2019). "Stewardship Theory: Realism, Relevance, and Family Firm Governance." Entrepreneurship: Theory and Practice,...
  • CRISÓSTOMO, VL, BRANDÃO, IDF & LÓPEZ-ITURRIAGA, FJ (2020). Large shareholders’ power and the quality of corporate governance: An analysis...
  • ESQUEDA, OA & O’CONNOR, T (2020). Corporate governance and life cycles in emerging markets. Research in International Business and Finance.
  • FARIDA, AL, ROZIQ, A & WARDAYATI, SM (2019). "Determinant variables of enterprise risk management (ERM), audit opinions and company...
  • GAZALI KUSUMA, A, AINA, M, BUSTARAM, I, AMAR, SS, RUSDIYANTO & PANJILAKSANA, SDD (2020). "The Effect of Financial Performance on Stock...
  • GAZALI KUSUMA, A, AINA, M, BUSTARAM, I, RISAL, Z, PURWANTO & TJARAKA, H (2020). "Work Ethics of Madura Communities in Salt Business :...
  • GREENE, D, INTINTOLI, VJ & KAHLE, KM (2020). "Do board gender quotas affect firm value? Evidence from California Senate." Journal...
  • HAPSORO, D & HUSAIN, ZF (2019). "Does sustainability report moderate the effect of financial performance on investor reaction? Evidence...
  • HARIS, M, YAO, H, TARIQ, G, JAVAID, HM & UL AIN, Q (2019). "Corporate governance, political connections, and bank performance."...
  • HERMAWAN, A & GUNARDI, A (2019). "Motivation for disclosure of corporate social responsibility: Evidence from banking industry in...
  • HILLIARD, J, JAHERA, JS & ZHANG, H (2019). "The Us financial crisis and corporate dividend reactions: for better or for worse?"...
  • JEBRAN, K, CHEN, S & ZHANG, R (2020). "Board diversity and stock price crash risk." Research in International Business and Finance.
  • JENSEN, MC & MECKLING WH (1976). "Theory of The Firm: Managerial Behavior, Agency Cost And Ownership Structure." Journal of Financial...
  • JUANAMASTA, IG, WATI, NMN, HENDRAWATI, E, WAHYUNI, W, PRAMUDIANTI, M, WISNUJATI, NS & UMANAILO, MCB (2019). "The role of customer...
  • LE, TN, MAI, VA & NGUYEN, VC (2020). "Determinants of profitability: Evidence from construction companies listed on Vietnam Securities...
  • MELGAREJO, M (2019). "The impact of corporate governance on earnings quality: evidence from Peru." Journal of Accounting in Emerging...
  • NASIH, M, HARYMAWAN, I, PARAMITASARI, YI & HANDAYANI, A (2019). "Carbon emissions, firm size, and corporate governance structure:...
  • PACHECO, L (2019). "Performance vs. Family ownership and management: The case of portuguese wine firms." Entrepreneurial Business...
  • RAMÍREZ MOLINA, R., MARCANO, M., RAMÍREZ MOLINA, R., LAY RABY, N & HERRERA TAPIAS, B (2019). “Relationship Between social intelligence...
  • RUSDIYANTO & NARSA, IM (2019). "The Effects of Earnings Volatility, Net Income and Comprehensive Income on Stock Prices on Banking...
  • RUSDIYANTO & NARSA, IM (2020). "The Effect of Company Size , Leverage and Return on Asset on Earnings Management : Case Study Indonesian."...
  • RUSDIYANTO, AGUSTIA, D, SOETEDJO, S & SEPTIARINI, DF (2020). "The effect of cash turnover and receivable turnover on profitability."...
  • RUSDIYANTO, AGUSTIA, D, SOETEDJO, S, NARSA, IM & SEPTIARINI, DF (2020). "Determinants of Audit Delay in Indonesian Companies: Empirical...
  • RUSDIYANTO, HIDAYAT, W, SOETEDJO, S, TJARAKA, H, SEPTIARINI, DF, GAZALI & RAHAYU, DI (2020). "The Effect of Macroeconomics on Stock...
  • RUSDIYANTO, HIDAYAT, W, TJARAKA, H, SEPTIARINI, DF, FAYANNI, Y, UTARI W & IMANAWATI, Z (2020). "The Effect of Earnig Per Share, Debt...
  • RUSDIYANTO, SAWARJUWONO, T & TJARAKA, H (2020). "Interpret The Shari ’ ah Accounting Practice In Indonesian." Talent Development...
  • RUSDIYANTO, TJARAKA, H, MUFAROKHAH, N, AL’ASLAINI, MZ, MUSTHOFA, AJ, AJI, S & ROHMAH, A (2019). "Corporate Social Responsibility Practices...
  • SALEM, IH, AYADI, SD & HUSSAINEY, K (2019). "Corporate governance and risk disclosure quality: Tunisian evidence." Journal of...
  • SHARMA, P, CHENG, LTW & LEUNG, TY (2020). "Impact of political connections on Chinese export firms’ performance – Lessons for other...
  • TILL, RE & YOUNT, MB (2019). "Governance and Incentives: Is It Really All about the Money?" Journal of Business Ethics, 159(3),...
  • VILLALOBOS ANTÚNEZ, J & RAMÍREZ MOLINA, R (2018). “El derecho a la autobiografía: dimensión ius-filosófica desde la perspectiva de H....
  • VO, XV (2019). "Residual government ownership and corporate investment efficiency in privatised firms: evidence from a transition country."...
  • ZHOU, C (2019). "Effects of corporate governance on the decision to voluntarily disclose corporate social responsibility reports: evidence...