Article Per Year (5 Year)
p-Index From 2021 - 2026
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All Journal Sebelas Maret Business Review
Erfan Rachmadi
Universitas Gadjah Mada
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

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Board governance in moderating the relationship between environmental performance and firm performance in Indonesia Erfan Rachmadi; Jia Jia Hing
Sebelas Maret Business Review Vol 9, No 2 (2024): December 2024
Publisher : Universitas Sebelas Maret

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/smbr.v9i2.98919

Abstract

The results regarding the relationship between environmental performance and company performance are still inconclusive. This condition is because there is still confusion regarding what influences this relationship. This study examines the role of board governance (board size, independent board, and gender diversity), which corporate decisions are highly dependent on their governance. The sample used in this study covers 117 companies in Indonesia from 2015 to 2023, using panel data regression analysis. The results obtained from this study indicate that companies in Indonesia negatively influence environmental performance and company performance. Furthermore, we found that independent board and gender diversity moderate this relationship. This evidence can be attributed to the role of board governance in producing strategic decisions in its activities. Evidence of this moderating role significantly contributes to environmental and corporate performance literature. Finally, this study offers knowledge to policymakers and practitioners regarding the importance of the role of corporate boards in monitoring the performance of their company's management to make good business decisions. 
Independent directors and profitability: Evidence from Indonesia Erfan Rachmadi; Bimo Saktiawan
Sebelas Maret Business Review Vol 9, No 1 (2024): June 2024
Publisher : Universitas Sebelas Maret

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/smbr.v9i1.90198

Abstract

The primary response to this issue was to introduce and strengthen the role of independent directors in the board of directors. Independent directors aim to improve the quality of corporate governance by ensuring adequate management supervision so that stakeholders and shareholders can be well looked after. This article examines independent directors' influence on company profitability in Indonesia. The data used in this research comes from 90 companies in Indonesia from 2013 to 2022. We use panel data regression analysis as a method to measure the influence of independent directors on profitability. We find that independent directors have a significant favorable influence on company profitability. These findings support the hypothesis that the presence of independent directors can improve company performance through effective monitoring and objective decision-making. In addition, these results show that good corporate governance practices, namely practices involving independent directors, are an essential factor in increasing company profitability in Indonesia.
Co-Authors Bimo Saktiawan Jia Jia Hing