The impacts of CEO ownership and origin on firm performance: evidence from an emerging economy

  • M. Edo Suryawan Siregar Faculty of Economics Universitas Negeri Jakarta, Indonesia
  • Oktapiani Oktapiani Faculty of Economics Universitas Negeri Jakarta, Indonesia
  • Gatot Nazir Ahmad Faculty of Economics Universitas Negeri Jakarta, Indonesia
DOI: https://doi.org/10.55584/Gabs002.01.3
Keywords: CEO ownership, CEO origin, Firm Performance, Indonesia

Abstract

This study aims to determine the effects of CEO ownership and CEO origin on the performance of non-financial firms listed on the Indonesia Stock Exchange from 2010–2018. The data used in this study were taken from annual reports of firms in non-financial sectors published by the Indonesia Stock Exchange from 2010–2018. This study utilized a purposive sampling technique to obtain 1,976 observations. The research model used is an unbalanced panel data analysis with a fixed-effect model approach. The results show that CEO ownership has a significant effect on firm performance when measured using Tobin’s Q as a market proxy. However, CEO origin does not have a significant effect on Tobin’s Q.

Published
2023-03-31
How to Cite
Siregar, M. E. S., Oktapiani, O., & Ahmad, G. N. (2023). The impacts of CEO ownership and origin on firm performance: evidence from an emerging economy. Global Advances in Business Studies, 2(1), 25-36. https://doi.org/10.55584/Gabs002.01.3
Issue
Vol. 2 No. 1 (2023): Global Advances in Business Studies (GABS)
Section
Articles