Ownership structure, corporate governance, and market discipline: Evidence from Indonesian banks

Yuana Budi Jaya, Viska Anggraita

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

Abstract

This study examined the effect of ownership concentration, controlling shareholders, and corporate governance on market discipline in Indonesian banking. The research sample was 101 conventional commercial banks in Indonesia during 2013-2016. Using a dynamic data panel model, the study found that banks with foreign control and corporate governance negatively affected market discipline. In contrast to that result, the study also found that banks with government control and concentration had positive effect on market discipline. Results indicated that ownership structure and corporate governance impact market discipline in Indonesian banking.

Original languageEnglish
Title of host publicationAccounting, Auditing, CSR, and the Taxation in a Changing Environment
Subtitle of host publicationA Study on Indonesia
PublisherNova Science Publishers, Inc.
Pages155-173
Number of pages19
ISBN (Electronic)9781536165180
ISBN (Print)9781536162776
Publication statusPublished - 1 Jan 2019

Keywords

  • Banking sectors
  • Corporate governance
  • Market discipline
  • Ownership structure

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