Abstract
The role of foreign institutional investors is becoming increasingly prominent in companies around the world. They have different characteristics compared to domestic institutional investor. This study tries to see the effect of the two types of investors on long-term investment (Capital Expenditure & Research & Development), human capital and innovation in public companies listed on the Indonesia Stock Exchange (IDX). The data used is a sample of public companies listed on IDX with a research period of 2011-2020. This evidence proves that there is no significant effect of foreign institutional investors on long-term investment, human capital and innovation output of public companies in Indonesia. However, domestic institutional investors seem to have a positive and significant impact on human capital.
Original language | English |
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Title of host publication | the Eighth Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA-8 2021) |
Publisher | Atlantis Press |
DOIs | |
Publication status | Published - 21 Jul 2022 |
Keywords
- Foreign Institutional Investors
- Long Term Investment
- Human Capital
- Innovation