Open AccessThe impact of nationality diversity on financial performance among manufacturing companies listed on the Indonesia Stock Exchange
Author(s) -
Umi Mardiyati,
M Edo Suryawan Siregar
Publication year - 2022
Publication title -
global advances in business studies
Language(s) - English
Resource type - Journals
ISSN - 2828-8394
DOI - 10.55584/gabs001.01.3
Subject(s) - stock exchange , business , market liquidity , leverage (statistics) , nationality , robustness (evolution) , stock (firearms) , accounting , finance , geography , immigration , biochemistry , chemistry , archaeology , gene , machine learning , computer science
This study aimed to determine the effect of commissioner nationality on the financial performance of manufacturing companies listed on the Indonesia Stock Exchange from 2015–2017. The results (after controlling for gender, board size, firm size, leverage, and liquidity) show that the presence of foreign commissioners on the board of commissioners does not significantly affect companies’ financial performance. A robustness test confirmed the regression results.