Title: Relationship Between CEO Power and Firm Value: Evidence from Indonesian Non-Financial Companies
Authors:
- Kharisma Elfianda Hamidlal
- Iman Harymawan
Department: Akuntansi
Journal Name: Jurnal Dinamika Akuntansi and Bisnis
Kinds of Journal: –
Keywords: CEO power, firm value, ownership power, expert power, prestige power
Abstract:
This research aims to examine the relationship between the CEO power and firm value of non-financial companies listed on the Indonesia Stock Exchange during the 20142018 period. Using purposive sampling method data were collected from 322 firmyear observations. Data was analyzed using multiple linear analysis methods. The results uncovered that ownership power, expert power and prestige power have a positive relationship with firm value. The most probable reason could be that CEO share ownership encourages better decision-making process that contributes to enhanced corporate value. A longer tenure as a CEO signals high professionalism and expertise of the CEO that led to improved decision quality made by the CEO.
For details: https://repository.unair.ac.id/113379/1/Iman%20Harymawan_Artikel201_Relationship%20Between%20CEO.pdf
