文章基本信息

标题：State-Owned Enterprises and Corporate Governance Strength: Evidence from Indonesia
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作者：D. L. Warganegara ; Y. R. I. Hutagaol ; M. A. Saputra 等
期刊名称：International Journal of Management and Business Research
印刷版ISSN：2228-7019
电子版ISSN：2228-7027
出版年度：2013
卷号：3
期号：4
页码：325-335
语种：English
出版社：Islamic Azad University
其他摘要：Background: This study investigates whether state-owned enterprises (SOEs) in Indonesia implement stronger corporate governance than do non-SOEs. It can be argued that as a large dedicated institutional investor, the Indonesian government has an incentive to strengthen corporate governance in SOEs and possesses the ability to bear the cost of implementing stronger governance. Research Methods: The sample of the study consists of 76 Indonesia Stock Exchange-listed firms that are included in the Kompas 100 index, ten of which are SOEs. Two scoring systems have been employed to gauge the strength of their governance. Results: It has been consistently found that SOEs implemented stronger governance compared to non-SOEs. Conclusion: The findings of this study, however, may have a geographical limitation as they may only apply to Indonesia or may exhibit a methodical limitation due to the assumption that a higher score index is directly proportional to stronger governance. Regardless of the limitations, however, the results of this study can be used as a case study which underscores the active involvement of governments or large dedicated institutional investors in enforcing stronger corporate governance in public companies.
其他关键词：Corporate governance ; State-Owned Enterprises (SOEs) ; Indonesia Stock Exchange