Corporate Governance and Firm Performance During the COVID-19 Pandemic: Evidence from Indonesia

Abstract Purpose - This study intends to see how corporate governance impacted firm performance during the COVID-19 pandemic across firms registered on the Indonesia Stock Exchange, except the financial industry. Design/methodology/approach - The period of this study is 2020, where the COVID-19 p...

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Main Authors: Maria Natalia, SeTin SeTin, Revaldo Farrel Witanto
Format: Article
Language:English
Published: Maranatha Christian University 2024-05-01
Series:Jurnal Akuntansi
Online Access:https://journal.maranatha.edu/index.php/jam/article/view/7465
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author Maria Natalia
SeTin SeTin
Revaldo Farrel Witanto
author_facet Maria Natalia
SeTin SeTin
Revaldo Farrel Witanto
author_sort Maria Natalia
collection DOAJ
description Abstract Purpose - This study intends to see how corporate governance impacted firm performance during the COVID-19 pandemic across firms registered on the Indonesia Stock Exchange, except the financial industry. Design/methodology/approach - The period of this study is 2020, where the COVID-19 pandemic occurred. This research refers to research conducted by Khatib & Nour (2021). Their research found that board size has a significant positive impact on firm performance, while board meetings and audit committee meetings have a significant negative effect on firm performance. Findings - This study distinguishes itself from earlier studies by using the ASEAN CG Scorecard as a measurement criteria for corporate governance practices, which is still rarely employed in studies with similar topics. The results showed that corporate governance had an impact on firm performance during the COVID-19 pandemic in 279 firms registered on the Indonesia Stock Exchange. This study is consistent with Sami et al. (2011), Guney et al. (2020), and Khatib & Nour (2021). Research limitations/implications - This study only examines the impact of corporate governance on firm performance during the COVID-19 pandemic while before the pandemic was not examined so that the results cannot be compared. Keywords: ASEAN CG Scorecard, Board Size, Company Performance, and Corporate Governance, COVID-19
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spelling doaj-art-8314be8f3deb4f10b5d9367c2034e07e2025-08-20T02:11:49ZengMaranatha Christian UniversityJurnal Akuntansi2085-86982598-49772024-05-01161687610.28932/jam.v16i1.74657063Corporate Governance and Firm Performance During the COVID-19 Pandemic: Evidence from IndonesiaMaria Natalia0SeTin SeTin1Revaldo Farrel Witanto2Department of Accounting, Faculty of Business, Maranatha Christian University Bandung, IndonesiaDepartment of Accounting, Faculty of Business, Maranatha Christian University Bandung, IndonesiaDepartment of Accounting, Faculty of Business, Maranatha Christian University Bandung, IndonesiaAbstract Purpose - This study intends to see how corporate governance impacted firm performance during the COVID-19 pandemic across firms registered on the Indonesia Stock Exchange, except the financial industry. Design/methodology/approach - The period of this study is 2020, where the COVID-19 pandemic occurred. This research refers to research conducted by Khatib & Nour (2021). Their research found that board size has a significant positive impact on firm performance, while board meetings and audit committee meetings have a significant negative effect on firm performance. Findings - This study distinguishes itself from earlier studies by using the ASEAN CG Scorecard as a measurement criteria for corporate governance practices, which is still rarely employed in studies with similar topics. The results showed that corporate governance had an impact on firm performance during the COVID-19 pandemic in 279 firms registered on the Indonesia Stock Exchange. This study is consistent with Sami et al. (2011), Guney et al. (2020), and Khatib & Nour (2021). Research limitations/implications - This study only examines the impact of corporate governance on firm performance during the COVID-19 pandemic while before the pandemic was not examined so that the results cannot be compared. Keywords: ASEAN CG Scorecard, Board Size, Company Performance, and Corporate Governance, COVID-19https://journal.maranatha.edu/index.php/jam/article/view/7465
spellingShingle Maria Natalia
SeTin SeTin
Revaldo Farrel Witanto
Corporate Governance and Firm Performance During the COVID-19 Pandemic: Evidence from Indonesia
Jurnal Akuntansi
title Corporate Governance and Firm Performance During the COVID-19 Pandemic: Evidence from Indonesia
title_full Corporate Governance and Firm Performance During the COVID-19 Pandemic: Evidence from Indonesia
title_fullStr Corporate Governance and Firm Performance During the COVID-19 Pandemic: Evidence from Indonesia
title_full_unstemmed Corporate Governance and Firm Performance During the COVID-19 Pandemic: Evidence from Indonesia
title_short Corporate Governance and Firm Performance During the COVID-19 Pandemic: Evidence from Indonesia
title_sort corporate governance and firm performance during the covid 19 pandemic evidence from indonesia
url https://journal.maranatha.edu/index.php/jam/article/view/7465
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AT revaldofarrelwitanto corporategovernanceandfirmperformanceduringthecovid19pandemicevidencefromindonesia