The Influence of Board of Commissioners' Characteristics On Firm Value: A Study Of Banking Listed On The Indonesian Stock Exchange

Qilda Salsabila, Sofyan Hadinata

Abstract


This study aims to empirically test the effect of board of commissioners' characteristics on firm value in Indonesian banking companies listed on the Indonesia Stock Exchange during the 2020-2022 period. The characteristics of the board of commissioners were measured using the competence of the board of commissioners, the proportion of independent board of commissioners and the presence of women on the board of commissioners, while the value of the company was measured using Tobin's Q. This study uses a purposive sampling technique, so that a sample of 38 companies was obtained with a total of 114 observations. Findings from this study indicate that the board of commissioners' competence is positively associated with firm value. However, the proportion of independent commissioners is not significantly correlated with firm value. Moreover, the presence of women commissioners is negatively related to firm value.

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