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首页> 外文期刊>Corporate Board: Role, Duties & Composition >BOARD QUALITY AND THE PERFORMANCE OF INDONESIAN LISTED COMPANIES
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BOARD QUALITY AND THE PERFORMANCE OF INDONESIAN LISTED COMPANIES

机译：董事会质量和印尼上市公司的表现

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摘要

This paper provides an analysis on the effect of board quality on company performance. Using a sample of 133 companies listed on the Jakarta Stock Exchange in the year 2007, this study specifically examines whether multiple directorships, director shareholding and board independence (i.e. proxies for board quality) can be associated with company financial performance. This study also investigates the effect of audit committee characteristics (as proxied by audit committee independence and financial expertise) on company performance, while controlling for the effects of leverage and size. With regard to board quality, the results indicate that only board independence is found to be associated with performance, though in the opposite direction. The direction of influence suggests that having too many independent directors (i.e. non-executive) might slow down the business as they might have a lack of detailed knowledge about the company’s business, and are more concerned about their gatekeeper role. As expected, leverage and size are found to have a significant influence on company performance.
机译：本文分析了董事会质量对公司绩效的影响。本研究使用了2007年在雅加达证券交易所上市的133家公司的样本，专门研究了多个董事职务，董事持股和董事会独立性（即董事会质量的代理人）是否可以与公司财务业绩相关联。本研究还调查了审计委员会的特征（由审计委员会的独立性和财务专业知识所代表）对公司绩效的影响，同时控制了杠杆率和规模的影响。关于电路板质量，结果表明，只有电路板独立性与性能相关，尽管方向相反。影响的方向表明，过多的独立董事（即非执行董事）可能会减慢业务发展速度，因为他们可能缺乏对公司业务的详细了解，并且更加关注其网守角色。不出所料，杠杆率和规模对公司绩效具有重大影响。

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