Pengaruh board characteristic terhadap firm’s financial performance pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia
P Penelitian ini bertujuan untuk menguji pengaruh board characteristic terhadap firm’s financial performance pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia (BEI) periode 2013-2018. Variabel independen dalam penelitian ini meliputi outside directors, board size, gender diversity, board skill dan foreign directors dangan variabel kontrol berupa firm debt, firm size, dan firm age. Variabel independen yang digunakan adalah firm’s financial performance dengan dua proksi yang berbeda yaitu return on asset dan return on equity. Sampel penelitian dipilih dengan menggunakan metode purposive sampling dan didapat 91 dari 162 perusahaan manufaktur. Model analisis data yang digunakan adalah analisis regresi berganda data panel. Hasil penelitian ini menunjukkan bahwa board size dan foreign director berpengaruh negatif terhadap firm’s financial performance, begitu pula dengan firm debt dan firm age yang berpengaruh negatif terhadap firm’s financial performance. Perusahaan dapat mengurangi jumlah board dan foreign director serta penggunaan hutang akan meningkatkan profitabilitas perusahaan.
T This study aims to determine the impact of board characteristics to performance of manufacturing companies listed on the Indonesia Stock Exchange (IDX) period 2013-2017. The independent variables in this research are outside directors, board size, gender diversity, board skill and foreign directors. The control variables of this research are firm debt, firm size, and firm age. While the dependent variable is firm’s financial performance by using two different proxy namely return on asset and return on equity. By using purposive sampling model there are 91 of 162 manufacturing companies who become samples in the study. Data analysis model used is panel regression analysis. The results of this study indicate that board size and foreign director has negative impact on firm’s financial performance, then firm debt and firm age show the same impact on firm’s financial performance. Therefore, reducing the number of boards, foreign director, and debt will increase the company's profit.