公司治理与股权结构对代理成本的影响(以印尼制造企业为例)

International Conference on Economics Education Business and Accounting Pub Date : 2019-09-01 DOI:10.2991/piceeba-19.2019.4

Vanica Serly, Y. Zulvia

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引用次数: 3

摘要

摘要本研究探讨了良好的公司治理和股权结构与代理成本之间的关系。代理成本用效率比或资产利用率来衡量。而良好的公司治理则以董事会委员和独立委员的数量来衡量。股权结构以管理层持股和机构持股为代表。本研究的样本为2011-2016年在印尼证券交易所(IDX)上市的118家制造业公司。结果表明，机构所有权对代理成本有显著的正向影响。本研究结果并未显示董事会、独立委员会与管理层持股之间有任何关系

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

 yolandafitrizulfia@gmail.com 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

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International Conference on Economics Education Business and Accounting

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审稿时长

24 weeks