Proceedings of the 20th International Symposium on Management (INSYMA 2023)

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The Influence of Corporate Governance on Firm Performance in Indonesia and Taiwan Stock Exchanges

Authors
Liliana Inggrit Wijaya1, Desi Ana Yupita1, *, Deddy Marciano1, Zunairoh Zunairoh1, Marwin Antonius Rejeki Silalahi1
1University of Surabaya, Surabaya, Indonesia
*Corresponding author. Email: desiyupita74@gmail.com
Corresponding Author
Desi Ana Yupita
Available Online 30 September 2023.
DOI
10.2991/978-94-6463-244-6_8How to use a DOI?
Keywords
Corporate Governance; Institutional Ownership; Foreign Ownership; Firm Performance
Abstract

The influence of governance on the performance of Indonesia and Taiwan companies in the raw goods and infrastructure sectors will be analyzed and become the main objective of this study. Multiple regression was used in analyzing the objects of 520 Indonesian companies and 365 Taiwanese companies. The results showed that the independent commissioner did not have a substantial influence on ROA in Indonesia and Taiwan and also Tobin’s Q in Indonesia but had a substantial positive influence on Tobin’s Q in Taiwan. For the results of the Indonesian ROA study, only the institutional ownership variable has a substantial influence. For the results of Tobin’s Q Indonesia research, the variables of board size and institutional ownership have a substantial influence. For the Taiwan ROA research results, only foreign ownership and institutional ownership variables have a substantial influence. For the results of Tobin’s Q Taiwan study, only the independent commissioner variable has a substantial influence. Only the institutional ownership variable has a substantial influence. For the results of Tobin’s Q Indonesia research, the variables of board size and institutional ownership have a substantial influence. For the Taiwan ROA research results, only foreign ownership and institutional ownership variables have a substantial influence. For the results of Tobin’s Q.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 20th International Symposium on Management (INSYMA 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
30 September 2023
ISBN
978-94-6463-244-6
ISSN
2352-5428
DOI
10.2991/978-94-6463-244-6_8How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Liliana Inggrit Wijaya
AU  - Desi Ana Yupita
AU  - Deddy Marciano
AU  - Zunairoh Zunairoh
AU  - Marwin Antonius Rejeki Silalahi
PY  - 2023
DA  - 2023/09/30
TI  - The Influence of Corporate Governance on Firm Performance in Indonesia and Taiwan Stock Exchanges
BT  - Proceedings of the 20th International Symposium on Management (INSYMA 2023)
PB  - Atlantis Press
SP  - 39
EP  - 45
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-244-6_8
DO  - 10.2991/978-94-6463-244-6_8
ID  - Wijaya2023
ER  -