Management's Chinese Zodiac and ownership to firm performance

DOI

10.2991/insyma-18.2018.23How to use a DOI?

Keywords

Chinese astrology (shio), managerial ownership, firm's performance.

Abstract

The research examines the effect of Chinese Astrology (shio) and managerial ownership on firm's performance. The research also examines other issue of agency problem which is called managerial ownership. The separation between the principal with ownership function and agent with control function leads to a potential conflict called agency conflict. Sample is manufacturing firms listed in Indonesia Stock Exchange for the period of 2013-2015. The results of this study indicate that Chinese Zodiac of the CEOs have no effect on the company's performance, while managerial ownership positively affects the company's performance. Financial ratios used to measure company's performance are profitability ratios, such as Return on Assets (ROA) as the main parameter and Return on Equity (ROE) as supporting parameter or robustness with no significant effect which aims to confirm the effect of managerial ownership on the company's performance.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Rico Tedyono
AU  - Putu Anom Mahadwartha
PY  - 2018/03
DA  - 2018/03
TI  - Management's Chinese Zodiac and ownership to firm performance
BT  - Proceedings of the 15th International Symposium on Management (INSYMA 2018)
PB  - Atlantis Press
SP  - 92
EP  - 95
SN  - 2352-5398
UR  - https://doi.org/10.2991/insyma-18.2018.23
DO  - 10.2991/insyma-18.2018.23
ID  - Tedyono2018/03
ER  -