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The Effect of Family Ownership and Institutional Ownership on Agency fees in Manufacturing Companies Listed on the Indonesia Stock Exchange Angel Sri Meilinda; Makhdalena Makhdalena; Fenny Trisnawati
JETISH: Journal of Education Technology Information Social Sciences and Health Vol 2, No 2 (2023): September 2023
Publisher : CV. Rayyan Dwi Bharata

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.57235/jetish.v2i2.779

Abstract

This study aims to determine the effect of family ownership and institutional ownership on agency costs in manufacturing companies listed on the Indonesia Stock Exchange. This research was conducted at manufacturing companies in the food and beverage sub-sector that were listed on the Indonesia Stock Exchange (IDX) for 2018-2022 which had complete data (family ownership, institutional ownership and SGA) of 9 companies with 45 years of observation. This research used a descriptive approach quantitative and non-parametric statistical tests with the Spearman approach. Data processing using SPSS software version 16.0. The results show that family ownership and institutional ownership are not significant to agency costs. Family Ownership has a very weak correlation to agency costs. Meanwhile, family ownership has a very high correlation with agency costs. Family ownership has a negative relationship direction. Meanwhile, institutional ownership has a positive relationship direction. With reference to the results of this study, companies need to increase the activities of institutional investors in carrying out supervision in carrying out collective actions so that agency costs can be reduced because low agency costs are very important for companies to attract investors and are considered to provide satisfactory feedback. for investors.
Efforts to Improve the Quality of Schools Based on the Analysis of Educational Reports Sundakir Sundakir; Makhdalena Makhdalena; Hambali Hambali
AL-ISHLAH: Jurnal Pendidikan Vol 15, No 4 (2023): AL-ISHLAH: JURNAL PENDIDIKAN
Publisher : STAI Hubbulwathan Duri

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35445/alishlah.v15i4.3714

Abstract

The objective of this study was to examine school quality report cards in order to enhance the standard of education. This study employs descriptive qualitative methodologies, which involve analysing data or documentation, doing observations, and conducting interviews. Data collecting methods encompassed interviews, observation, and documentation. The participants in this study included the principal, vice principal, school treasurer, three teachers, and five studentss, who provided information. In addition, the employed data analysis technique is comprised of data reduction, data collecting, data display, and conclusion. The findings of this study suggest that the implementation of school report cards or education report cards can enhance the overall quality of schools. The indicators on the quality report card that can enhance the quality of school education include the quality and pertinence of student learning outcomes, which are categorised as satisfactory and progressing in relation to students' reading skills, numeracy abilities, and character dimensions. Consequently, there is a positive correlation between pupils' proficiency in literacy and the overall quality of education, including numeracy and character development. The school's quality is directly proportional to the pupils' level of numeracy skills and character. Schools must consistently aim for high-quality student learning outcomes, necessitating changes in all areas that contribute to student achievement.
ESG and Firm Performance in Developing Countries: Evidence From ASEAN Makhdalena Makhdalena; Desi Zulvina; Yani Zulvina; Rizky Windar Amelia; Aditya Pandu Wicaksono
ETIKONOMI Vol 22, No 1 (2023)
Publisher : Faculty of Economic and Business

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/etk.v22i1.25271

Abstract

Several studies primarily investigate the influence of environmental, social, and governance on firm performance in a developed country where markets have matured, and investors are aware of corporate social responsibility activities. Therefore, studies in developing countries are still rare and mixed. This study examines the effect of Environmental, Social, and Governance (ESG) information on firm performance in ASEAN developing countries. We observed companies in ASEAN developing countries (Indonesia, Malaysia, Philippines, Thailand, and Vietnam) during 2010-2020. The information on ESG score and ROA as a proxy for firm performance measures ESG. Regression test results showed that ESG has a positive effect on firm performance. We also found that three components of ESG, environmental, Social, and Governance, positively affect firm performance. Robustness test results showed that overall ESG information, environmental information, and social initiatives affect the firm’s market performance (Tobin’s Q). Research originality in this study proves that developing countries have a positive effect between ESG disclosure and company performance. ESG, in the long term, would build effective governance and increase shareholder value. The research implication is to suggest a company has ESG information due to empirical testing that ESG information enhances a firm operational and market performance.JEL Classification: G30, Q56, Q50How to Cite:Makhdalena., Zulvina, D., Zulvina, Y., Amelia, R. W., & Wicaksono, A. P. (2023). Environmental, Social, Governance, and Firm Performance in Developing Countries: Evidence from Southeast Asian. Etikonomi, 22(1), 65–78. https://doi.org/10.15408/etk.v22i1.25271.
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