Authors:

Ardhi Islamudin, Gerrinko Giffari Wurintara, Yustrida Bernawati

Abstract:

“This article enlarges the literacy about the characteristics on board of commissioners by adding a new perspective, namely the odd-even effect in board of commissioners’ structure. This type of research was quantitative research. When the board of commissioners is formed with an odd number, the decision making process will be easier and more efficient. It is because there is no possibility of a voting tie and result the one directional perspective. It is different, when the board of commissioners is formed with an even number. It will trigger a voting tie in the decision making process. Therefore, there is a possibility of different perspective in the board of commissioners. As a result, the odd or even proportions number in the board of commissioners affects the corporate value. The smaller number board of commissioner’s forms a stronger board of commissioners. Then, the company that have odd boards of commissioners has a higher corporate value than the company that has an even board of commissioners. Keywords: corporate value, odd-even effects, board of commissioners.”

Keywords

corporate value, odd-even effects, board of commissioners.

Downloads:

Download data is not yet available.

References

  • Cadbury, A. (1992). Report of the committee on the financial aspects of corporate governance (Vol. 1). Gee.
  • Campbell, K., & Vera, A. M. (2010). Female board appointments and firm valuation: Short and long-term effects. Journal of Management & Governance, 14(1), 37–59.
  • Chung, K. H., & Pruitt, S. W. (1994). A simple approximation of Tobin’s q. Financial Management, 23(2), 70–74.
  • Damayanthi, I. G. A. E. (2019). Fenomena Faktor yang Mempengaruhi Nilai Perusahaan. Jurnal Ilmiah Akuntansi Dan Bisnis, 14(2), 208–218. https://doi.org/10.24843/JIAB.2019.v14.i02.p06
  • Darmadi, S. (2013). Do women in top management affect firm performance? Evidence from Indonesia. Corporate Governance: The International Journal of Business in Society. https://doi.org/10.2139/ssrn.1728572
  • Deng, X., Gao, H., & Liu, W.-L. (2012). Voting Efficiency and the Even-Odd Effects of Corporate Board: Theory and Evidence. https://doi.org/10.2139/ssrn.2112880
  • Eisenhardt, K. M. (1989). Building theories from case study research. Academy of Management Review, 14(4), 532–550.
  • Gao, H., & Huang, J. (2018). The even–odd nature of audit committees and corporate earnings quality. Journal of Accounting, Auditing & Finance, 33(1), 98–122.
  • Hamdani, M. (2016). Good Corporate Governance (Gcg) Dalam Perspektif Agency Theory.
  • Harmono, D., & Si, M. (2009). Manajemen Keuangan Berbasis Balance Scorecard. Pendekatan Teori, Kasus dan Riset Bisnis. Jakarta: Bumi Aksara.
  • He, W., & Luo, J. (2018). Agency problems in firms with an even number of directors: Evidence from China. Journal of Banking & Finance, 93, 139–150.
  • Hemastuti, C. P., & Hermanto, S. B. (2014). Pengaruh profitabilitas, kebijakan dividen, kebijakan hutang, keputusan investasi dan kepemilikan insider terhadap nilai perusahaan. Jurnal Ilmu & Riset Akuntansi, 3(4), 1–15.
  • Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics. https://doi.org/10.1016/0304-405X(76)90026-X
  • Masulis, R. W., Wang, C., & Xie, F. (2012). Globalizing the boardroom—The effects of foreign directors on corporate governance and firm performance. Journal of Accounting and Economics, 53(3), 527–554.
  • Muryati, N. N. T. S., & Suardikha, I. M. S. (2014). Pengaruh Corporate Governance Pada Nilai Perusahaan. E-Jurnal Akuntansi, 9(2), 425–429. https://ojs.unud.ac.id/index.php/Akuntansi/article/view/9160
  • Oxelheim, L., & Randøy, T. (2003). The impact of foreign board membership on firm value. Journal of Banking & Finance, 27(12), 2369–2392.
  • Prabowo, M., & Simpson, J. (2011). Independent directors and firm performance in family controlled firms: evidence from Indonesia. Asian-Pacific Economic Literature, 25(1), 121–132.
  • Rasyidah, R. (2013). Perbandingan Corporate Governance dengan SistemOne-Tier Board di Inggris dan AS Terkait EfektififasPencegahan Terjadinya Fraud dalam Korporasi. Global & Policy, 1(1), 11–18.
  • Schellenger, M. H., Wood, D. D., & Tashakori, A. (1989). Board of Director Composition, Shareholder Wealth, and Dividend Policy. Journal of Management. https://doi.org/10.1177/014920638901500308
  • Sudiyatno, B., & Puspitasari, E. (2010). Tobin’s q dan altman z-score sebagai indikator pengukuran kinerja perusahaan. Kajian Akuntansi, 2(1).
  • Tambunan, M. C. S., Saifi, M., & Hidayat, R. R. (2017). Pengaruh Good Corporate Governance Terhadap Nilai Perusahaan (Studi pada Perusahaan Sub Sektor Food and Beverages yang Terdaftar di BEI Tahun 2012-2015). Jurnal Administrasi Bisnis, 53(1), 49–57.
  • Tricker, R. I. B., & Tricker, R. I. (2015). Corporate governance: Principles, policies, and practices. Oxford University Press, USA.
  • Ullah, I., Fang, H., & Jebran, K. (2019). Do gender diversity and CEO gender enhance firm’s value? Evidence from an emerging economy. Corporate Governance: The International Journal of Business in Society, 20(1), 44–66. https://doi.org/10.1108/CG-03-2019-0085

PDF:

https://jurnal.harianregional.com/jiab/full-56051

Published

2020-06-02

How To Cite

ISLAMUDIN, Ardhi; WURINTARA, Gerrinko Giffari; BERNAWATI, Yustrida. The Odd-Even Effect in The Boards of Commissioners and Corporate Values.Jurnal Ilmiah Akuntansi dan Bisnis, [S.l.], v. 15, n. 2, p. 308-316, june 2020. ISSN 2303-1018. Available at: https://jurnal.harianregional.com/jiab/id-56051. Date accessed: 28 Aug. 2025. doi:https://doi.org/10.24843/JIAB.2020.v15.i02.p12.

Citation Format

ABNT, APA, BibTeX, CBE, EndNote - EndNote format (Macintosh & Windows), MLA, ProCite - RIS format (Macintosh & Windows), RefWorks, Reference Manager - RIS format (Windows only), Turabian

Issue

Vol 15 No 2 (2020)

Section

Articles

Creative Commons License This work is licensed under a Creative Commons Attribution 4.0 International License