Proceedings of the Third Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA 2019)

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Corporate Governance and Ownership Structure: It’s Implication on Agency Cost (A Study in Indonesia Manufacturing Company)

Authors
Vanica Serly, Yolandafitri Zulvia
Corresponding Author
Vanica Serly
Available Online September 2019.
DOI
10.2991/piceeba-19.2019.4How to use a DOI?
Keywords
Agency Cost, Corporate Governance, Ownership Structure
Abstract

This study examines how Good Corporate Governance and Ownership Structure are associated with the Agency Cost. Agency Cost is measured by the efficiency ratio or Asset Utilization Ratio. While Good Corporate Governance is measured with the size of board commissioner and independent commissioner. Ownership Structure uses managerial ownership and institutional ownership as its proxy. The sample of this study is 118 manufacturing company listed on the Indonesia Stock Exchange (IDX) from 2011-2016. The result indicates that institutional ownership has positive and significant effect on agency cost. The finding of this study do not show any relationship among board of commissioners, independent commission and managerial ownership toward agency cost.

Copyright
© 2019, 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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Volume Title
Proceedings of the Third Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA 2019)
Series
Advances in Economics, Business and Management Research
Publication Date
September 2019
ISBN
978-94-6252-797-3
ISSN
2352-5428
DOI
10.2991/piceeba-19.2019.4How to use a DOI?
Copyright
© 2019, 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/).

Cite this article

risenwbib
TY  - CONF
AU  - Vanica Serly
AU  - Yolandafitri Zulvia
PY  - 2019/09
DA  - 2019/09
TI  - Corporate Governance and Ownership Structure: It’s Implication on Agency Cost (A Study in Indonesia Manufacturing Company)
BT  - Proceedings of the Third Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA 2019)
PB  - Atlantis Press
SP  - 798
EP  - 808
SN  - 2352-5428
UR  - https://doi.org/10.2991/piceeba-19.2019.4
DO  - 10.2991/piceeba-19.2019.4
ID  - Serly2019/09
ER  -