The effect of board size, ownership concentration, and dividend on performance of manufacturing firms in ASEAN-5 countries in 2012-2016

Yura Prasadhana, Rahmat Aryo Baskoro

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

Abstract

This study aims to identify theieffectiofiboard size, ownership concentration, and dividend on the performance of manufacturing firmsi in thei ASEAN (Association of Southeast Asian Nations)-5 countries during the period 2012-2016. Board size measured by the number of members on the board of directors. Ownership concentration is measured by a blockholder variable, which is defined as the percentage of shareholding by 5% or more. Dividend is measured by dividend per share. Firm performance is measured by return on equity (ROE). The study uses the panel data analysis method. The results show that board size positively affects firm performance; ownership concentration negatively affects firm performance; and dividend per share negatively affects firm performance.

Original languageEnglish
Title of host publicationBusiness and Management Issues in the Global and Digital Era
Subtitle of host publicationIndonesian Perspectives
PublisherNova Science Publishers, Inc.
Pages33-47
Number of pages15
ISBN (Electronic)9781536165302
ISBN (Print)9781536162752
Publication statusPublished - 11 Nov 2019

Keywords

  • ASEAN-5
  • Board size
  • Ownership concentration

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