pande rahayu trisna utami
Duta Wacana Christian University

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

Governance and Profitability in Value of Family Companies in the Manufacturing Sector Pande Rahayu Trisna utami; Ari Christianti
Jurnal Bisnis dan Manajemen Vol 10, No 1 (2023): Jurnal Bisnis dan Manajemen Volume 10 Nomor 1 Tahun 2023
Publisher : University of Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26905/jbm.v10i1.9364

Abstract

The general purpose of the companies are to increase their value. The value is important because it reflects investors' perceptions of the company's performance. This study aims to examine the effect of the size of the board of directors, the size of the audit committee, and ROA (Return on Assets) on Tobin's Q. The sample used in this research is family companies that categorize in the Manufacturing sectoral from 2015-2019. The results showed that profitability had a positive effect on firm value. However, the size of the board of directors has a negative effect on firm value. It is possible that a smaller board of directors may be more active in coordinating and communicating than a larger number of directors. In addition, a more limited number of directors can improve company performance because consensus in decision making and communication becomes more effective.