Institutional Repository | Satya Wacana Christian University: Board Diversity dan Nilai Perusahaan
ABSTRACT
Board diversity is one of the issues related to corporate governance. In this study, board
diversity is measured by five variables, namely women, competency, age, proportion of outsider
and foreign in the members of the board. While the company's value is measured using the ratio
of Tobin's Q. The sample was 57 companies included in the financial institutions listed on the
Indonesia Stock Exchange (IDX). Based on the competence and the proportion of outsider
commissioners found that the proportion of companies with more than the average value of the
sample firms have better firm value. Similarly, a company that has a director member who is less
than 50 years old will have a better value of the company. In financial institutions found that the
independence of board members is important, the proportion of outsider and proportion of
women is more than the average value can have a positive impact on firm value.
Keywords
: board diversity, firm value
Board diversity is one of the issues related to corporate governance. In this study, board
diversity is measured by five variables, namely women, competency, age, proportion of outsider
and foreign in the members of the board. While the company's value is measured using the ratio
of Tobin's Q. The sample was 57 companies included in the financial institutions listed on the
Indonesia Stock Exchange (IDX). Based on the competence and the proportion of outsider
commissioners found that the proportion of companies with more than the average value of the
sample firms have better firm value. Similarly, a company that has a director member who is less
than 50 years old will have a better value of the company. In financial institutions found that the
independence of board members is important, the proportion of outsider and proportion of
women is more than the average value can have a positive impact on firm value.
Keywords
: board diversity, firm value