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Does foreign board increase the company's performance? the evidence from Indonesia
2019
Journal of Economics, Business & Accountancy
This study examined the effect of foreign board members in promoting corporate governance and performance. This study used the fixed effect model from the panel data of 4,282 company-observations over the period of 2007-2017.. This study found that the presence of foreign board has a significant and positive effect on the company's performance measured by return on asset and return on equity ratios. On the other hand, the presence of Asian nationality board member was found to have negative
doi:10.14414/jebav.v22i2.1449
fatcat:pjd62shp2nchzok663nkih6rqu