Pengaruh Direksi Perempuan, Umur, dan Ukuran Perusahaan terhadap Kinerja pada Perusahaan Subsektor Property and Real Estate yang terdaftar di Bursa Efek Indonesia
DOI:
https://doi.org/10.30872/jmtk.v1i1.801Keywords:
Direksi perempuan, umur perusahaan, ukuran perusahaan, kinerja perusahaanAbstract
Penulis melakukan penelitian ini bertujuan untuk menganalisis Direksi Perempuan, Umur Perusahaan dan Ukuran Perusahaan terhadap Kinerja Perusahaan. Penelitian ini dilakukan pada perusahaan subsektor property dan real estate yang terdaftar di Bursa Efek Indonesia tahun 2018-2019. Penelitian ini menggungakan purposive sampling dengan jumlah sampel sebanyak 41 perusahaan. Jenis data yang digunakan adalah data kuantitatif dan sumber data berupa laporan keuangan tahunan perusahaan. Alat analisis yang digunkan adalah statistic deskriptif dan regresi data panel. Hasil penelitian ini menunjukkan bahwa Direksi Perempuan berpengaruh negatif dan tidak signifikan terhadap Kinerja Perusahaan, Umur Perusahaan berpengaruh negative dan tidak signifikan terhadap Kinerja Perusahaan, dan Ukuran Perusahaan berpengaruh positif dan signifikan terhadap Kinerja Perusahaan.
References
Abor, J., & Biekpe, N. (2007). Corporate governance, ownership structure and performance of SMEs in Ghana: Implications for financing opportunities. Corporate Governance, 7(3), 288–300. https://doi.org/10.1108/14720700710756562
Abor, J., & Bokpin, G. A. (2010). Investment opportunities, corporate finance, and dividend payout policy: Evidence from emerging markets. Studies in Economics and Finance, 27(3), 180–194. https://doi.org/10.1108/10867371011060018
Ayuningtiyas, D. (2018). Memotret Kinerja Emiten Properti 2018, Siapa Jawaranya_. https://www.cnbcindonesia.com/market/20190402172812-17-64381/memotret-kinerja-emiten-properti-2018-siapa-jawaranya
Barba Navaretti, G., Castellani, D., & Pieri, F. (2014). Age and firm growth: evidence from three European countries. Small Business Economics, 43(4), 823–837. https://doi.org/10.1007/s11187-014-9564-6
Brahma, S., Nwafor, C., & Boateng, A. (2020). Board gender diversity and firm performance: The UK evidence. International Journal of Finance and Economics, June 2018, 1–16. https://doi.org/10.1002/ijfe.2089
Carr, J. C., Haggard, K. S., Hmieleki, K. M., & Zahra, S. A. (2010). in Family Business Business and Strategic. Strategic Entrepreneurship Journal, 306, 285–306. https://doi.org/10.1002/sej
Cheng, S. (2006). Board size and the variability of corporate performance. Journal of Financial Economics, 87(1), 157–176. https://doi.org/10.1016/j.jfineco.2006.10.006
Conyon, M. J., & He, L. (2017). Firm performance and boardroom gender diversity: A quantile regression approach. Journal of Business Research, 79, 198–211. https://doi.org/10.1016/j.jbusres.2017.02.006
Dahya, J., McConnell, J. J., & Travlos, N. (2007). The Cadbury Committee, corporate performance, and management turnover. Corporate Governance and Corporate Finance: A European Perspective, 57(1), 347–366. https://doi.org/10.4324/9780203940136
Damanpour, F. (2010). An integration of research findings of effects of firm size and market competition on product and process innovations. British Journal of Management, 21(4), 996–1010. https://doi.org/10.1111/j.1467-8551.2009.00628.x
Dewi, A. S., Sari, D., & Abaharis, H. (2018). Pengaruh Karakteristik Dewan Komisaris terhadap Kinerja Perusahaan Manufaktur di Bursa Efek Indonesia. 3(3), 445–454.
Eagly, A. H., Johannesen-Schmidt, M. C., & Van Engen, M. L. (2003). Transformational, Transactional, and Laissez-Faire Leadership Styles: A Meta-Analysis Comparing Women and Men. Psychological Bulletin, 129(4), 569–591. https://doi.org/10.1037/0033-2909.129.4.569
Eisenhardt, K. M. (1989). Agency Theory. Finance Ethics: Critical Issues in Theory and Practice, 14(1), 125–142. https://doi.org/10.1002/9781118266298.ch7
Hillman, A. J., & Dalziel, T. (2003). Boards of directors and firm performance: Integrating agency and resource dependence perspectives. Academy of Management Review, 28(3), 383–396. https://doi.org/10.5465/AMR.2003.10196729
Hillman, A. J., Shropshire, C., & Cannella, A. A. (2007). Organizational predictors of women on corporate boards. Academy of Management Journal, 50(4), 941–952. https://doi.org/10.5465/AMJ.2007.26279222
Jensen, M. C., & Meckling, W. H. (1979). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4), 163–231. http://linkinghub.elsevier.com/retrieve/pii/0304405X7690026X
Joecks, J., Pull, K., & Vetter, K. (2013). Gender Diversity in the Boardroom and Firm Performance: What Exactly Constitutes a “Critical Mass?” Journal of Business Ethics, 118(1), 61–72. https://doi.org/10.1007/s10551-012-1553-6
Julizaerma, M. K., & Sori, Z. M. (2012). Gender Diversity in the Boardroom and Firm Performance of Malaysian Public Listed Companies. Procedia - Social and Behavioral Sciences, 65(ICIBSoS), 1077–1085. https://doi.org/10.1016/j.sbspro.2012.11.374
Karlsson, J. (2020). Firm size and growth barriers: a data-driven approach. Small Business Economics, April. https://doi.org/10.1007/s11187-020-00350-y
Leyva-de la Hiz, D. I., & Bolívar-Ramos, M. T. (2022). The inverted U relationship between green innovative activities and firms’ market-based performance: The impact of firm age. Technovation, 110(August), 102372. https://doi.org/10.1016/j.technovation.2021.102372
Li, H., & Chen, P. (2018). Board gender diversity and firm performance: The moderating role of firm size. Business Ethics, 27(4), 294–308. https://doi.org/10.1111/beer.12188
Low, D. C. M., Roberts, H., & Whiting, R. H. (2015). Board gender diversity and firm performance: Empirical evidence from Hong Kong, South Korea, Malaysia and Singapore. Pacific Basin Finance Journal, 35, 381–401. https://doi.org/10.1016/j.pacfin.2015.02.008
Lückerath-Rovers, M. (2013). Women on boards and firm performance. Journal of Management and Governance, 17(2), 491–509. https://doi.org/10.1007/s10997-011-9186-1
Nguyen, D., Nguyen, H., & Nguyen, K. S. (2018). Ownership feature and firm performance via corporate innovation performance. Journal of Asian Business and Economic Studies, 25(2), 239–250. https://doi.org/10.1108/jabes-10-2018-0078
Papangkorn, S., Chatjuthamard, P., Jiraporn, P., & Chueykamhang, S. (2019). Female directors and firm performance: Evidence from the Great Recession. International Review of Finance, October 2018, 1–13. https://doi.org/10.1111/irfi.12275
Pasaribu, P. (2017). Female directors and firm performance: Evidence from UK listed firms. Gadjah Mada International Journal of Business, 19(2), 145–166. https://doi.org/10.22146/gamaijb.15619
Pfeffer, J., & Salancik, G. R. (1963). Organizational Decision Making as a Political Process : The Case of a University Budget.
Rafiq, S., Salim, R., & Smyth, R. (2016). The moderating role of firm age in the relationship between R&D expenditure and financial performance: Evidence from Chinese and US mining firms. Economic Modelling, 56, 122–132. https://doi.org/10.1016/j.econmod.2016.04.003
Sutanto, N., & Siswantaya, I. G. (2014). Pengaruh Modal Intelektual terhadap Kinerja Perusahaan Perbankan yang Terdaftar di Bursa Efek Indonesia. 26(1), 1–17.
Terjesen, S., Couto, E. B., & Francisco, P. M. (2016). Does the presence of independent and female directors impact firm performance? A multi-country study of board diversity. Journal of Management and Governance, 20(3), 447–483. https://doi.org/10.1007/s10997-014-9307-8
Thi Cam Tu, N. (2017). The Impact of Female Directors on Firm Performance and Dividend Payout Policies:: Evidence From Vietnam. International Research Journal of Finance and Economics, volume 31(1), 19–32. https://journal.ugm.ac.id/jieb/article/view/21994
Ting, I. W. K., Wang, W. K., Lu, W. M., & Chen, Y. J. (2019). Do female directors will have impact on corporate performance? Review of Managerial Science, 70. https://doi.org/10.1007/s11846-019-00351-6
Triana, M. del C., Miller, T. L., & Trzebiatowski, T. M. (2014). The double-edged nature of board gender diversity: Diversity, firm performance, and the power of women directors as predictors of strategic change. Organization Science, 25(2), 609–632. https://doi.org/10.1287/orsc.2013.0842
Wareza, M. (2019). Ini Alasan Sektor Properti Belum Pulih: Banyak Aturan! In Https://Www.Cnbcindonesia.Com/. https://www.cnbcindonesia.com/market/20190819154455-17-93035/ini-alasan-sektor-properti-belum-pulih-banyak-aturan
Wöhrl, R., Hüsig, S., & Dowling, M. (2009). The interaction of R&D intensity and firm age: Empirical evidence from technology-based growth companies in the German “Neuer Markt.” Journal of High Technology Management Research, 20(1), 19–30. https://doi.org/10.1016/j.hitech.2009.02.006
Yang, P., Riepe, J., Moser, K., Pull, K., & Terjesen, S. (2019). Women directors, firm performance, and firm risk: A causal perspective. Leadership Quarterly, 30(5), 1–15. https://doi.org/10.1016/j.leaqua.2019.05.004
Yudaruddin R. (2014). Yudaruddin, R. (2014)..pdf. In Statistik Ekonomi: Aplikasi Dengan Program SPSS Versi 20. Yogyakarta:Interpena (p. 14).
Abor, J., & Bokpin, G. A. (2010). Investment opportunities, corporate finance, and dividend payout policy: Evidence from emerging markets. Studies in Economics and Finance, 27(3), 180–194. https://doi.org/10.1108/10867371011060018
Ayuningtiyas, D. (2018). Memotret Kinerja Emiten Properti 2018, Siapa Jawaranya_. https://www.cnbcindonesia.com/market/20190402172812-17-64381/memotret-kinerja-emiten-properti-2018-siapa-jawaranya
Barba Navaretti, G., Castellani, D., & Pieri, F. (2014). Age and firm growth: evidence from three European countries. Small Business Economics, 43(4), 823–837. https://doi.org/10.1007/s11187-014-9564-6
Brahma, S., Nwafor, C., & Boateng, A. (2020). Board gender diversity and firm performance: The UK evidence. International Journal of Finance and Economics, June 2018, 1–16. https://doi.org/10.1002/ijfe.2089
Carr, J. C., Haggard, K. S., Hmieleki, K. M., & Zahra, S. A. (2010). in Family Business Business and Strategic. Strategic Entrepreneurship Journal, 306, 285–306. https://doi.org/10.1002/sej
Cheng, S. (2006). Board size and the variability of corporate performance. Journal of Financial Economics, 87(1), 157–176. https://doi.org/10.1016/j.jfineco.2006.10.006
Conyon, M. J., & He, L. (2017). Firm performance and boardroom gender diversity: A quantile regression approach. Journal of Business Research, 79, 198–211. https://doi.org/10.1016/j.jbusres.2017.02.006
Dahya, J., McConnell, J. J., & Travlos, N. (2007). The Cadbury Committee, corporate performance, and management turnover. Corporate Governance and Corporate Finance: A European Perspective, 57(1), 347–366. https://doi.org/10.4324/9780203940136
Damanpour, F. (2010). An integration of research findings of effects of firm size and market competition on product and process innovations. British Journal of Management, 21(4), 996–1010. https://doi.org/10.1111/j.1467-8551.2009.00628.x
Dewi, A. S., Sari, D., & Abaharis, H. (2018). Pengaruh Karakteristik Dewan Komisaris terhadap Kinerja Perusahaan Manufaktur di Bursa Efek Indonesia. 3(3), 445–454.
Eagly, A. H., Johannesen-Schmidt, M. C., & Van Engen, M. L. (2003). Transformational, Transactional, and Laissez-Faire Leadership Styles: A Meta-Analysis Comparing Women and Men. Psychological Bulletin, 129(4), 569–591. https://doi.org/10.1037/0033-2909.129.4.569
Eisenhardt, K. M. (1989). Agency Theory. Finance Ethics: Critical Issues in Theory and Practice, 14(1), 125–142. https://doi.org/10.1002/9781118266298.ch7
Hillman, A. J., & Dalziel, T. (2003). Boards of directors and firm performance: Integrating agency and resource dependence perspectives. Academy of Management Review, 28(3), 383–396. https://doi.org/10.5465/AMR.2003.10196729
Hillman, A. J., Shropshire, C., & Cannella, A. A. (2007). Organizational predictors of women on corporate boards. Academy of Management Journal, 50(4), 941–952. https://doi.org/10.5465/AMJ.2007.26279222
Jensen, M. C., & Meckling, W. H. (1979). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4), 163–231. http://linkinghub.elsevier.com/retrieve/pii/0304405X7690026X
Joecks, J., Pull, K., & Vetter, K. (2013). Gender Diversity in the Boardroom and Firm Performance: What Exactly Constitutes a “Critical Mass?” Journal of Business Ethics, 118(1), 61–72. https://doi.org/10.1007/s10551-012-1553-6
Julizaerma, M. K., & Sori, Z. M. (2012). Gender Diversity in the Boardroom and Firm Performance of Malaysian Public Listed Companies. Procedia - Social and Behavioral Sciences, 65(ICIBSoS), 1077–1085. https://doi.org/10.1016/j.sbspro.2012.11.374
Karlsson, J. (2020). Firm size and growth barriers: a data-driven approach. Small Business Economics, April. https://doi.org/10.1007/s11187-020-00350-y
Leyva-de la Hiz, D. I., & Bolívar-Ramos, M. T. (2022). The inverted U relationship between green innovative activities and firms’ market-based performance: The impact of firm age. Technovation, 110(August), 102372. https://doi.org/10.1016/j.technovation.2021.102372
Li, H., & Chen, P. (2018). Board gender diversity and firm performance: The moderating role of firm size. Business Ethics, 27(4), 294–308. https://doi.org/10.1111/beer.12188
Low, D. C. M., Roberts, H., & Whiting, R. H. (2015). Board gender diversity and firm performance: Empirical evidence from Hong Kong, South Korea, Malaysia and Singapore. Pacific Basin Finance Journal, 35, 381–401. https://doi.org/10.1016/j.pacfin.2015.02.008
Lückerath-Rovers, M. (2013). Women on boards and firm performance. Journal of Management and Governance, 17(2), 491–509. https://doi.org/10.1007/s10997-011-9186-1
Nguyen, D., Nguyen, H., & Nguyen, K. S. (2018). Ownership feature and firm performance via corporate innovation performance. Journal of Asian Business and Economic Studies, 25(2), 239–250. https://doi.org/10.1108/jabes-10-2018-0078
Papangkorn, S., Chatjuthamard, P., Jiraporn, P., & Chueykamhang, S. (2019). Female directors and firm performance: Evidence from the Great Recession. International Review of Finance, October 2018, 1–13. https://doi.org/10.1111/irfi.12275
Pasaribu, P. (2017). Female directors and firm performance: Evidence from UK listed firms. Gadjah Mada International Journal of Business, 19(2), 145–166. https://doi.org/10.22146/gamaijb.15619
Pfeffer, J., & Salancik, G. R. (1963). Organizational Decision Making as a Political Process : The Case of a University Budget.
Rafiq, S., Salim, R., & Smyth, R. (2016). The moderating role of firm age in the relationship between R&D expenditure and financial performance: Evidence from Chinese and US mining firms. Economic Modelling, 56, 122–132. https://doi.org/10.1016/j.econmod.2016.04.003
Sutanto, N., & Siswantaya, I. G. (2014). Pengaruh Modal Intelektual terhadap Kinerja Perusahaan Perbankan yang Terdaftar di Bursa Efek Indonesia. 26(1), 1–17.
Terjesen, S., Couto, E. B., & Francisco, P. M. (2016). Does the presence of independent and female directors impact firm performance? A multi-country study of board diversity. Journal of Management and Governance, 20(3), 447–483. https://doi.org/10.1007/s10997-014-9307-8
Thi Cam Tu, N. (2017). The Impact of Female Directors on Firm Performance and Dividend Payout Policies:: Evidence From Vietnam. International Research Journal of Finance and Economics, volume 31(1), 19–32. https://journal.ugm.ac.id/jieb/article/view/21994
Ting, I. W. K., Wang, W. K., Lu, W. M., & Chen, Y. J. (2019). Do female directors will have impact on corporate performance? Review of Managerial Science, 70. https://doi.org/10.1007/s11846-019-00351-6
Triana, M. del C., Miller, T. L., & Trzebiatowski, T. M. (2014). The double-edged nature of board gender diversity: Diversity, firm performance, and the power of women directors as predictors of strategic change. Organization Science, 25(2), 609–632. https://doi.org/10.1287/orsc.2013.0842
Wareza, M. (2019). Ini Alasan Sektor Properti Belum Pulih: Banyak Aturan! In Https://Www.Cnbcindonesia.Com/. https://www.cnbcindonesia.com/market/20190819154455-17-93035/ini-alasan-sektor-properti-belum-pulih-banyak-aturan
Wöhrl, R., Hüsig, S., & Dowling, M. (2009). The interaction of R&D intensity and firm age: Empirical evidence from technology-based growth companies in the German “Neuer Markt.” Journal of High Technology Management Research, 20(1), 19–30. https://doi.org/10.1016/j.hitech.2009.02.006
Yang, P., Riepe, J., Moser, K., Pull, K., & Terjesen, S. (2019). Women directors, firm performance, and firm risk: A causal perspective. Leadership Quarterly, 30(5), 1–15. https://doi.org/10.1016/j.leaqua.2019.05.004
Yudaruddin R. (2014). Yudaruddin, R. (2014)..pdf. In Statistik Ekonomi: Aplikasi Dengan Program SPSS Versi 20. Yogyakarta:Interpena (p. 14).
Downloads
Published
2023-06-30
How to Cite
Tias, I. L. S., Kadafi, M. A., & Sari, R. (2023). Pengaruh Direksi Perempuan, Umur, dan Ukuran Perusahaan terhadap Kinerja pada Perusahaan Subsektor Property and Real Estate yang terdaftar di Bursa Efek Indonesia. Jurnal Manajemen Tenaga Kependidikan, 1(1), 30–40. https://doi.org/10.30872/jmtk.v1i1.801
Issue
Section
Articles
