BOARD DIVERSITY AGAINST FIRM VALUE IN CORPORATE GOVERNANCE PERSPECTIVE

Alvina Dwi Syahputri; Sarwenda Biduri; Wiwit Hariyanto; Fityan Izza Noor Abidin; Prasetyo Utomo

doi:10.33102/5rxzdc97

Authors

Alvina Dwi Syahputri Department of Accounting, Muhammadiyah University of Sidoarjo, Sidoarjo, Indonesia Author
Sarwenda Biduri Department of Accounting, Muhammadiyah University of Sidoarjo, Sidoarjo, Indonesia Author
Wiwit Hariyanto Department of Accounting, Muhammadiyah University of Sidoarjo, Sidoarjo, Indonesia Author
Fityan Izza Noor Abidin Department of Accounting, Muhammadiyah University of Sidoarjo, Sidoarjo, Indonesia Author
Prasetyo Utomo Department of Accounting, Muhammadiyah University of Sidoarjo, Sidoarjo, Indonesia Author

DOI:

https://doi.org/10.33102/5rxzdc97

Keywords:

Board Diversity, Firm Value, Corporate governance

Abstract

Research Purposes: The study aims to find out the impact of board diversity on the firm value from the perspective of corporate governance for food and beverage industry manufacturing companies listed on the Indonesia Stock Exchange in 2016–2022.

Methods: Sampling in this study used the purposive sampling method taken from the annual reports of companies in the food and beverage manufacturing sector for 2016–2022.

Finding: It was found that the term and nationality of the board of directors has an effect on firm value. While gender diversity, age and educational background of the board of directors has no effect on firm value.

Novelty: In this study the authors focus on board diversity with complete indicators. Previous research only uses gender, nationality, and education as free variables. In this study, authors add two free variables that is tenure and age. And unlike previous studies that used chemical sector companies as research objects, this study used food and beverage industry manufacturing companies as the research object.