| Issue |
SHS Web Conf.
Volume 76, 2020
The 1st International Conference on Social Sciences and Humanities (ICSH 2019)
|
|
|---|---|---|
| Article Number | 01027 | |
| Number of page(s) | 7 | |
| DOI | https://doi.org/10.1051/shsconf/20207601027 | |
| Published online | 29 April 2020 | |
Corporate Governance, Family Ownership and Firm Value: Indonesia Evidence
1
Finance Program, Faculty of Business and Economics, Petra Christian University, Jl. Siwalankerto No.121–131, Siwalankerto, Surabaya 60236 Indonesia
2
International Finance, Shanghai University of Finance and Economics, 318 Wuchuan Rd, Shanghai, 200083, China
* Corresponding author: mariana.ing@peter.petra.ac.id
The research objective to assess the influence of corporate governance and family ownership on firm value non-financial firms listed in Indonesia. The board and ownership structure were representing corporate governance characteristics. The board structure consists of commissioners, directors and independent commissioners, while the structure of ownership consists of institutional, public and managerial ownership. This research used data non-financial firms listed in Indonesia Stock Exchange period 2008 to 2018. Using purposive sampling as technique’s to filter the samples and panel data analysis method. The results of research state that corporate governance (board and ownership structure) and family ownership simultaneously have a significant influence on firm value. Partially, independent commissioners, board of directors, public and institutional ownership have a significant influence on firm value. Meanwhile the board of commissioners, managerial and family ownership have no significant influence on firm value.
Key words: Board structure / independent commissioners / institutional ownership / managerial ownership / public ownership / structure of ownership
© The Authors, published by EDP Sciences, 2020
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