How to cite this paper
Riyadi, S., Arif, D., Halik, A & Ariestya, K. (2023). The effects of board characteristics and firm size on firm value and financial performance.Accounting, 9(4), 225-232.
Refrences
Al-Mamun, A., & Seamer, M. (2021). Board of director attributes and CSR engagement in emerging economy firms: Evidence from across Asia. Emerging Markets Review, 46, 100749. https://doi.org/https://doi.org/10.1016/j.ememar.2020.100749
Alqahtani, F., Hamdi, B., & Hammoudeh, S. (2020). The effects of global factors on the Saudi Arabia equity market by firm size: Implications for risk management based on quantile analysis and frequency domain causality. Journal of Multinational Financial Management, 100665. https://doi.org/https://doi.org/10.1016/j.mulfin.2020.100665
Bond, J. K. (2009). Cooperative Financial Performance and Board of Director Characteristics: A Quantitative Investigation. Journal of Cooperatives, 22, 22–44. http://purl.umn.edu/46430
Brown, A. B., Dai, J., & Zur, E. (2018). Too Busy or Well-Connected? Evidence from a Shock to Multiple Directorships. The Accounting Review, 94(2), 83–104. https://doi.org/10.2308/accr-52165
Cuadrado-Ballesteros, B., Martínez-Ferrero, J., & García-Sánchez, I. M. (2017). Board Structure to Enhance Social Responsibility Development: A Qualitative Comparative Analysis of U.S. Companies. Corporate Social Responsibility and Environmental Management, 24(6), 524–542. https://doi.org/https://doi.org/10.1002/csr.1425
Datta, D. K., Basuil, D. A., & Agarwal, A. (2020). Effects of board characteristics on post-acquisition performance: A study of cross-border acquisitions by firms in the manufacturing sector. International Business Review, 29(3), 101674. https://doi.org/https://doi.org/10.1016/j.ibusrev.2020.101674
Eisenberg, T., Sundgren, S., & Wells, M. T. (1998). Larger board size and decreasing firm value in small firms1We wish to thank Asiakastieto Oy for furnishing us with the data analyzed here, Clas Bergström, Jonathan Macey, David Yermack, and an anonymous referee for helpful comments, and Linda Bölling for . Journal of Financial Economics, 48(1), 35–54. https://doi.org/https://doi.org/10.1016/S0304-405X(98)00003-8
Fan, Y., Boateng, A., King, T., & MacRae, C. (2019). Board-CEO friendship ties and firm value: Evidence from U.S. firms. International Review of Financial Analysis, 65, 101373. https://doi.org/https://doi.org/10.1016/j.irfa.2019.101373
Gan, H., Park, M. S., & Suh, S. (2020). Non-financial performance measures, CEO compensation, and firms' future value. Journal of Business Research, 110, 213–227. https://doi.org/https://doi.org/10.1016/j.jbusres.2020.01.002
Gande, A., Schenzler, C., & Senbet, L. W. (2009). Valuation effects of global diversification. Journal of International Business Studies, 40(9), 1515–1532. https://doi.org/10.1057/jibs.2009.59
García-Ramos, R., & Díaz, B. D. (2020). Board of directors structure and firm financial performance: A qualitative comparative analysis. Long Range Planning, 102017. https://doi.org/https://doi.org/10.1016/j.lrp.2020.102017
Ghosh, S., & Ansari, J. (2018). Board characteristics and financial performance: Evidence from Indian cooperative banks. Journal of Co-Operative Organization and Management, 6(2), 86–93. https://doi.org/https://doi.org/10.1016/j.jcom.2018.06.005
Huang, G., Chen, X., Li, L., Chen, X., Yuan, L., & Shi, W. (2020). Domain adaptive partial least squares regression. Chemometrics and Intelligent Laboratory Systems, 201, 103986. https://doi.org/https://doi.org/10.1016/j.chemolab.2020.103986
Huang, P., Lu, Y., & Wee, M. (2020). Corporate governance analysts and firm value: Australian evidence. Pacific-Basin Finance Journal, 63, 101430. https://doi.org/https://doi.org/10.1016/j.pacfin.2020.101430
Ji, G., Dai, B., Park, S.-P., & Ahn, K. (2020). The origin of collective phenomena in firm sizes. Chaos, Solitons & Fractals, 136, 109818. https://doi.org/https://doi.org/10.1016/j.chaos.2020.109818
Lin, W.-L., Cheah, J.-H., Azali, M., Ho, J. A., & Yip, N. (2019). Does firm size matter? Evidence on the impact of the green innovation strategy on corporate financial performance in the automotive sector. Journal of Cleaner Production, 229, 974–988. https://doi.org/https://doi.org/10.1016/j.jclepro.2019.04.214
Mishra, R. K., & Kapil, S. (2018). Effect of board characteristics on firm value: evidence from India. South Asian Journal of Business Studies, 7(1), 41–72. https://doi.org/10.1108/SAJBS-08-2016-0073
Nugroho, M., Arif, D., & Halik, A. (2021a). The effect of financial distress on stock returns , through systematic risk and profitability as mediator variables. 7, 1717–1724. https://doi.org/10.5267/j.ac.2021.4.026
Nugroho, M., Arif, D., & Halik, A. (2021b). The effect of loan-loss provision, non-performing loans and third-party fund on capital adequacy ratio. Accounting, 7(10), 943–950. https://doi.org/10.5267/j.ac.2021.1.013
Patin, J.-C., Rahman, M., & Mustafa, M. (2020). Impact of Total Asset Turnover Ratios on Equity Returns: Dynamic Panel Data Analyses. Journal of Accounting, Business and Management (JABM); Vol 27 No 1 (2020): AprilDO - 10.31966/Jabminternational.V27i1.559 . http://journal.stie-mce.ac.id/index.php/jabminternational/article/view/559
Pucheta-Martínez, M. C., & Gallego-Álvarez, I. (2019). An international approach of the relationship between board attributes and the disclosure of corporate social responsibility issues. Corporate Social Responsibility and Environmental Management, 26(3), 612–627. https://doi.org/https://doi.org/10.1002/csr.1707
Tashman, P., Marano, V., & Babin, J. (2019). Firm-specific assets and the internationalization–performance relationship in the U.S. movie studio industry. International Business Review, 28(4), 785–795. https://doi.org/https://doi.org/10.1016/j.ibusrev.2019.03.003
Teirlinck, P. (2017). Configurations of strategic R&D decisions and financial performance in small-sized and medium-sized firms. Journal of Business Research, 74, 55–65. https://doi.org/https://doi.org/10.1016/j.jbusres.2017.01.008
Tomomi, T. (2010). Environmental management strategy for small and medium-sized enterprises: Why do SMBs practice environmental management? Asian Business & Management, 9(2), 265–280. https://doi.org/10.1057/abm.2010.6
Van Ryzin, G. G. (1995). Cluster analysis as a basis for purposive sampling of projects in case study evaluations. Evaluation Practice, 16(2), 109–119. https://doi.org/https://doi.org/10.1016/0886-1633(95)90020-9
Yeung, A. C. L. (2008). Strategic supply management, quality initiatives, and organizational performance. Journal of Operations Management, 26(4), 490–502. https://doi.org/https://doi.org/10.1016/j.jom.2007.06.004
Alqahtani, F., Hamdi, B., & Hammoudeh, S. (2020). The effects of global factors on the Saudi Arabia equity market by firm size: Implications for risk management based on quantile analysis and frequency domain causality. Journal of Multinational Financial Management, 100665. https://doi.org/https://doi.org/10.1016/j.mulfin.2020.100665
Bond, J. K. (2009). Cooperative Financial Performance and Board of Director Characteristics: A Quantitative Investigation. Journal of Cooperatives, 22, 22–44. http://purl.umn.edu/46430
Brown, A. B., Dai, J., & Zur, E. (2018). Too Busy or Well-Connected? Evidence from a Shock to Multiple Directorships. The Accounting Review, 94(2), 83–104. https://doi.org/10.2308/accr-52165
Cuadrado-Ballesteros, B., Martínez-Ferrero, J., & García-Sánchez, I. M. (2017). Board Structure to Enhance Social Responsibility Development: A Qualitative Comparative Analysis of U.S. Companies. Corporate Social Responsibility and Environmental Management, 24(6), 524–542. https://doi.org/https://doi.org/10.1002/csr.1425
Datta, D. K., Basuil, D. A., & Agarwal, A. (2020). Effects of board characteristics on post-acquisition performance: A study of cross-border acquisitions by firms in the manufacturing sector. International Business Review, 29(3), 101674. https://doi.org/https://doi.org/10.1016/j.ibusrev.2020.101674
Eisenberg, T., Sundgren, S., & Wells, M. T. (1998). Larger board size and decreasing firm value in small firms1We wish to thank Asiakastieto Oy for furnishing us with the data analyzed here, Clas Bergström, Jonathan Macey, David Yermack, and an anonymous referee for helpful comments, and Linda Bölling for . Journal of Financial Economics, 48(1), 35–54. https://doi.org/https://doi.org/10.1016/S0304-405X(98)00003-8
Fan, Y., Boateng, A., King, T., & MacRae, C. (2019). Board-CEO friendship ties and firm value: Evidence from U.S. firms. International Review of Financial Analysis, 65, 101373. https://doi.org/https://doi.org/10.1016/j.irfa.2019.101373
Gan, H., Park, M. S., & Suh, S. (2020). Non-financial performance measures, CEO compensation, and firms' future value. Journal of Business Research, 110, 213–227. https://doi.org/https://doi.org/10.1016/j.jbusres.2020.01.002
Gande, A., Schenzler, C., & Senbet, L. W. (2009). Valuation effects of global diversification. Journal of International Business Studies, 40(9), 1515–1532. https://doi.org/10.1057/jibs.2009.59
García-Ramos, R., & Díaz, B. D. (2020). Board of directors structure and firm financial performance: A qualitative comparative analysis. Long Range Planning, 102017. https://doi.org/https://doi.org/10.1016/j.lrp.2020.102017
Ghosh, S., & Ansari, J. (2018). Board characteristics and financial performance: Evidence from Indian cooperative banks. Journal of Co-Operative Organization and Management, 6(2), 86–93. https://doi.org/https://doi.org/10.1016/j.jcom.2018.06.005
Huang, G., Chen, X., Li, L., Chen, X., Yuan, L., & Shi, W. (2020). Domain adaptive partial least squares regression. Chemometrics and Intelligent Laboratory Systems, 201, 103986. https://doi.org/https://doi.org/10.1016/j.chemolab.2020.103986
Huang, P., Lu, Y., & Wee, M. (2020). Corporate governance analysts and firm value: Australian evidence. Pacific-Basin Finance Journal, 63, 101430. https://doi.org/https://doi.org/10.1016/j.pacfin.2020.101430
Ji, G., Dai, B., Park, S.-P., & Ahn, K. (2020). The origin of collective phenomena in firm sizes. Chaos, Solitons & Fractals, 136, 109818. https://doi.org/https://doi.org/10.1016/j.chaos.2020.109818
Lin, W.-L., Cheah, J.-H., Azali, M., Ho, J. A., & Yip, N. (2019). Does firm size matter? Evidence on the impact of the green innovation strategy on corporate financial performance in the automotive sector. Journal of Cleaner Production, 229, 974–988. https://doi.org/https://doi.org/10.1016/j.jclepro.2019.04.214
Mishra, R. K., & Kapil, S. (2018). Effect of board characteristics on firm value: evidence from India. South Asian Journal of Business Studies, 7(1), 41–72. https://doi.org/10.1108/SAJBS-08-2016-0073
Nugroho, M., Arif, D., & Halik, A. (2021a). The effect of financial distress on stock returns , through systematic risk and profitability as mediator variables. 7, 1717–1724. https://doi.org/10.5267/j.ac.2021.4.026
Nugroho, M., Arif, D., & Halik, A. (2021b). The effect of loan-loss provision, non-performing loans and third-party fund on capital adequacy ratio. Accounting, 7(10), 943–950. https://doi.org/10.5267/j.ac.2021.1.013
Patin, J.-C., Rahman, M., & Mustafa, M. (2020). Impact of Total Asset Turnover Ratios on Equity Returns: Dynamic Panel Data Analyses. Journal of Accounting, Business and Management (JABM); Vol 27 No 1 (2020): AprilDO - 10.31966/Jabminternational.V27i1.559 . http://journal.stie-mce.ac.id/index.php/jabminternational/article/view/559
Pucheta-Martínez, M. C., & Gallego-Álvarez, I. (2019). An international approach of the relationship between board attributes and the disclosure of corporate social responsibility issues. Corporate Social Responsibility and Environmental Management, 26(3), 612–627. https://doi.org/https://doi.org/10.1002/csr.1707
Tashman, P., Marano, V., & Babin, J. (2019). Firm-specific assets and the internationalization–performance relationship in the U.S. movie studio industry. International Business Review, 28(4), 785–795. https://doi.org/https://doi.org/10.1016/j.ibusrev.2019.03.003
Teirlinck, P. (2017). Configurations of strategic R&D decisions and financial performance in small-sized and medium-sized firms. Journal of Business Research, 74, 55–65. https://doi.org/https://doi.org/10.1016/j.jbusres.2017.01.008
Tomomi, T. (2010). Environmental management strategy for small and medium-sized enterprises: Why do SMBs practice environmental management? Asian Business & Management, 9(2), 265–280. https://doi.org/10.1057/abm.2010.6
Van Ryzin, G. G. (1995). Cluster analysis as a basis for purposive sampling of projects in case study evaluations. Evaluation Practice, 16(2), 109–119. https://doi.org/https://doi.org/10.1016/0886-1633(95)90020-9
Yeung, A. C. L. (2008). Strategic supply management, quality initiatives, and organizational performance. Journal of Operations Management, 26(4), 490–502. https://doi.org/https://doi.org/10.1016/j.jom.2007.06.004