Corporate Governance, Ownership Structure, Agency Costs and Corporate Value (In the Banking Sector Listed on The IDX for the 2016-2019 Period)

被引:0
|
作者
Dwiarti, Rina [1 ]
Hazmi, Shadrina [1 ]
Santosa, Awan [1 ]
Hudin, Norlailebinti Salleh [2 ]
机构
[1] Univ Mercu Buana Yogyakarta, Dept Management, Yogyakarta, Indonesia
[2] Univ Pendidikan Sultan Idris, Fac Econ, Tanjong Malim, Malaysia
来源
QUALITY-ACCESS TO SUCCESS | 2022年 / 23卷 / 189期
关键词
Corporate Governance; Ownership Structure; Agency Costs; FIRM VALUE; LARGE SHAREHOLDERS; SIZE;
D O I
10.47750/QAS/23.189.01
中图分类号
C93 [管理学];
学科分类号
12 ; 1201 ; 1202 ; 120202 ;
摘要
The aim of the study is to examine the effectiveness of corporate governance and ownership structure on firm value which presided by agency costs in the banking sector listed on the IDX for the 2016-2019 period. Corporate governance is measured by independent board of commissioners and ownership structure is measured by institutional ownership. On the other hand, moderating variable for agency costs is measured by asset utilization. The independent variable of corporate value is measured by using the price earning ratio (PER). The research method uses multiple linear regression analysis. The results of this study showed that corporate governance and ownership structure had a significant positive effect on corporate value. Agency costs strengthen the influence of corporate governance on corporate value. Agency costs also strengthen the effect of ownership structure on corporate value.
引用
收藏
页码:1 / 7
页数:7
相关论文
共 50 条
  • [31] The Impact of Corporate Governance and Ownership Structure on Voluntary Disclosure in Annual Reports among Listed Jordanian Companies
    Alhazaimeh, Amer
    Palaniappan, Ravindran
    Almsafir, Mahmoud
    [J]. 2ND INTERNATIONAL CONFERENCE ON INNOVATION, MANAGEMENT AND TECHNOLOGY RESEARCH, 2014, 129 : 341 - 348
  • [32] Corporate governance, ownership structure and managing earnings to meet critical thresholds among Chinese listed firms
    Lai L.
    Tam H.
    [J]. Review of Quantitative Finance and Accounting, 2017, 48 (3) : 789 - 818
  • [33] CORPORATE CAPITAL STRUCTURE, AGENCY COSTS, AND OWNERSHIP CONTROL - THE CASE OF ALL-EQUITY FIRMS
    AGRAWAL, A
    NAGARAJAN, NJ
    [J]. JOURNAL OF FINANCE, 1990, 45 (04): : 1325 - 1331
  • [34] Form versus substance: The effect of ownership structure and corporate governance on firm value in Thailand
    Connelly, J. Thomas
    Limpaphayom, Piman
    Nagarajan, Nandu J.
    [J]. JOURNAL OF BANKING & FINANCE, 2012, 36 (06) : 1722 - 1743
  • [35] Corporate governance, ownership structure, cash holdings, and firm value on the Ghana Stock Exchange
    Isshaq, Zangina
    Bokpin, Godfred A.
    Onumah, Joseph Mensah
    [J]. JOURNAL OF RISK FINANCE, 2009, 10 (05) : 488 - 499
  • [36] Empirical research on the correlation between the agency costs and corporate value based on ownership's concentration degree
    Wang Xiao-wei
    Hou Nai-kun
    [J]. Proceedings of the 2006 International Conference on Management Science & Engineering (13th), Vols 1-3, 2006, : 1540 - 1545
  • [37] Capital Structure, Corporate Governance, Equity Ownership and Their Impact on Firms' Profitability and Effectiveness in the Energy Sector
    Georgakopoulos, George
    Toudas, Kanellos
    Poutos, Evangelos, I
    Kounadeas, Theodoros
    Tsavalias, Stefanos
    [J]. ENERGIES, 2022, 15 (10)
  • [38] Ownership structure, corporate governance, and firm value: Evidence from the East Asian financial crisis
    Lemmon, ML
    Lins, KV
    [J]. JOURNAL OF FINANCE, 2003, 58 (04): : 1445 - 1468
  • [39] Ownership structure, corporate governance and bank efficiency: an empirical analysis of panel data from the banking industry in Ghana
    Bokpin, Godfred A.
    [J]. CORPORATE GOVERNANCE-THE INTERNATIONAL JOURNAL OF BUSINESS IN SOCIETY, 2013, 13 (03): : 274 - +
  • [40] Auditor Independence and Value Relevance in the European Banking Sector: Do Investor Protection Environment and Corporate Governance Matter?
    Cimini, Riccardo
    Mechelli, Alessandro
    Sforza, Vincenzo
    [J]. JOURNAL OF ACCOUNTING AUDITING AND FINANCE, 2022, 37 (03): : 654 - 677