SARI, DIAN NOVITA (2016) PERBEDAAN KINERJA KEUANGAN DAN KINERJA PASAR BERDASARKAN STATUS INTERLOCKING DIRECTORATE. Undergraduate thesis, STIE PERBANAS SURABAYA.
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Abstract
This study aims to prove there are differences in financial performance and market performance based on the status of Interlocking Directorate. The financial performance is measured by using a proxy Return on Assets (ROA), as well as the market performance is measured by using a proxy Price to Book Value (PBV) and Tobin’s Q. Interlocking Directorate is a situation where a person occupying the position of director and commissioners on two or more companies or become representatives of two or more companies have joined the board of directors or commissioners of the company. The population of this research is all public companies listed on the Indonesian Stock Exchange in the period 2011-2014, which has been published by www.idx.co.id. Data were analyzed using purposive sampling. Collecting data using the company's financial performance, financial statements and annual reports. This study also reaffirms Interlocking Directorate status to a public company in the Indonesia Stock Exchange. In a previous study by Ahmar et. al, 2015 with a sample of public companies in 2000-2010 has provided evidence that 47.5% of the public company in Indonesia which interlock status. The average of the scores Interlock during 10 years of observation was 0.41 (41%), which states that the board of directors of public companies have interlock status. Results of different test using Mann-Whitney sample t-test showed that there is no significant difference in financial performance based on the Return On Assets and there are no significant differences in the performance of the market is based on Price to Book Value and Tobin’s Q public corporations that use Interlocking Direcetorate and public company do not use Interlocking Directorate in the observation period 2011-2014. It concluded that the refusal on the Hypothesis 1, 2 and 3. Keywords : Interlocking Directorate, Financial Performance, Market Performance, Return On Asset, Price to Book Value, Tobin’s Q
| Item Type: | Thesis (Undergraduate) |
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| Subjects: | 600 - TECHNOLOGY > 650 - 659 MANAGEMENT & PUBLIC RELATIONS > 657 - ACCOUNTING > 657.042 - FINANCIAL ACCOUNTING |
| Divisions: | Bachelor of Accountancy |
| Depositing User: | Perpustakaan Universitas Hayam Wuruk Perbanas |
| Date Deposited: | 06 Jul 2017 05:22 |
| Last Modified: | 12 Dec 2017 01:34 |
| URI: | http://eprints.perbanas.ac.id/id/eprint/1656 |
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