Latar Belakang Pendidikan CEO, Pengalaman CEO dan Kinerja Perusahaan (Studi Pada Perusahaan yang Terdaftar di Indeks LQ45, Indonesia)

I Wayan Pradnya Sena Abimanyu, Adri Putra Nugraha

Abstract


This study aims to determine the effect of the CEO expertise (with the proxies of educational background and experience) on company performance (with the proxies of return on assets (ROA), return on equity (ROE), and dividend payout ratio (DPR)). This study employs quantitative method, in which the data are analyzed by multiple linear regression. The samples include companies listed in the LQ45 index of the Indonesia Stock Exchange for the 2016-2019 period. The results of the study exhibit that the CEO educational background affects ROA and ROE, except DPR. It is suggested that further studies consider not only educational background and experience but also work relations and gender, and use other performance assessment indicators such as PBV.


Keywords


CEO expertise; company performance; upper echelon theory

Full Text:

PDF

References


Adisetiawan, R., 2017, Globalisasi Pasar Modal Dunia dan Pengaruhnya Terhadap Pasar Modal Indonesia, Ekonomis : Jurnal of Economics and Business, 1(1), 10-17

Ali, R., Rehman, R. U., Suleman, S., & Ntim, C. G. 2021. CEO Attributes, Investment Decisions, and Firm Performance: New Insights From Upper Echelons Theory. Managerial and Decision Economics.

Amedu, S., & Dulewicz, V. 2018. The Relationship Between CEO. Journal of General Management.

Briano-Turrent, G. D., Li, M., & Peng, H. 2020. The Impact of Family-CEOs and Their Demographic Characteristics on Dividend Payouts: Evidence from Latin America. Research in International Business and Finance.

Ernestine, I. E., & Setyaningrum, D. 2018. CEO Characteristics and Firm Performance; Empirical Studies from ASEAN Countries. Advances in Economics, Business and Management Research.

Harymawan, I., Nasih, M., Ratri, M. C., & Nowland, J. 2019. CEO busyness and firm performance: evidence from Indonesia. Heliyon, 5(5)

Kaur, R., & Singh, B. 2019. Do CEO Characteristics Explain Firm Performance in India? Journal of Strategy and Management,

Lindeman, T. 2019. CEO Characteristics and Firm Performance.

Liu, D., Fisher, G., & Chen, G. 2018. CEO Attributes and Firm Performance: A Sequental Mediation Process Model. Academy of Management Annals.

Morresi, O. 2017. How Much is CEO Education Worth To A Firm?, Roma Tre University.

Naseem, M. A., Lin, J., Rehman, R. U., Ahmad, M. I., & Ali, R. 2019. Does capital structure mediate the link between CEO characteristics and firm performance?, Emerald Insight.

Ratnawati, D., & Puspita, S. I. 2022. Pengaruh CEO Karakteristik Terhadap Audit Fee. Nusantara: Jurnal Ilmu Pengetahuan Sosial.

Saidu, S. 2019. CEO Characteristics and Firm Performance. Journal of Global.

Saleh, M. W., Shurafa, R., Shukeri, S. N., Nour, A. I., & Maigosh, Z. S. 2020. The Effect of Board Multiple Directorships and CEO Directorships and CEO Performance: Evidence from Palestine. Journal of Accounting in Emerging Economies.

Setiawan, R., & Gestanti, L. 2018. CEO Education, Karakteristik Perusahaan dan Kinerja Perusahaan. Jurnal Ilmu Manajemen.

Ting, Irene & Azizan, Noor & Kweh, Qian Long. 2015. Upper Echelon Theory Revisited: The Relationship between CEO Personal Characteristics and Financial Leverage Decision. Procedia - Social and Behavioral Sciences. 195. 686-694.

Wang, Q., Pei, X., & Liang, H. 2022. Founder CEO, CEO Characteristics, and Firm Innovation Efficiency: An Empirical Study of China’s GEM-Listed Companies. Sustainable Management.

You, Y., Srinivasan, S., Pauwels, K., & Joshi, A. 2020. How CEO/CMO Characteristics Affect Innovation and Stock Returns, Journal of the Academy of Marketing Science.




DOI: http://dx.doi.org/10.33087/ekonomis.v8i1.1402

Refbacks

  • There are currently no refbacks.


Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Ekonomis: Journal of Economics and Business Published by Lembaga Penelitian dan Pengabdian kepada Masyarakat
Adress: LPPM Universitas Batanghari, Jl.Slamet Ryadi, Broni-Jambi, Kec.Telanaipura, Kodepos: 36122, email: ekonomis.unbari@gmail.com, Phone: 0741-670700


Creative Commons License This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.