文章基本信息

标题：Family Management, Executive Compensation and Financial Performance of Indonesian Listed Companies
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作者：Imam Subekti ; Imam Subekti ; Dewi Kurniawan Sumargo 等
期刊名称：Procedia - Social and Behavioral Sciences
印刷版ISSN：1877-0428
出版年度：2015
卷号：211
页码：578-584
DOI：10.1016/j.sbspro.2015.11.076
语种：English
出版社：Elsevier
摘要：AbstractMost of Indonesian listed companies are managed by family. This trait is an interesting trait to be investigated with regards to financial performance. This study aims to examine the effects of family management and executive compensation on financial performance. The research sample is 303 Indonesian listed companies. This study finds that family management has no effect on ROA but has a negative effect on Tobin's Q. This finding indicates that investors perceive this as unadvantageous conditions. This indicates that family management is harming minority shareholders. Another result shows that executive compensation has a positive effect on financial performance.
关键词：Family Management;Executive Compensation;Financial Performance;ROA;and Tobin's Q