While prior studies document the benefits of political connections in emerging markets, their value in developed markets is less certain. In this study, we examine the types of firms that have directors with political and government connections on their boards and the value of these connections...

Indonesia is currently in the process of mandating the establishment of Remuneration Committees (RCs) for all listed companies. However, little is known about the effectiveness of RCs in Indonesia. This study sheds light on this issue, by examining the relationships between RCs, executive and...

This study investigates whether busy CEOs are associated with lower firm performance, and if this relationship is moderated by firm growth, CEO tenure and corporate governance practices in Indonesia. This study uses 876 firms-year observations from 268 firms listed on the Indonesia Stock...

Purpose: The purpose of this study is to investigate how the earnings quality of politically connected firms is affected by changes in political stability and government effectiveness in a developing country.Design/methodology/approach: This study uses a sample of 2,073 firm-year observations...

This study tests for direct and indirect effects of voluntary corporate governance codes on company disclosure practices. Two direct effects of the codes are expected: (1) an overall improvement in company disclosure practices, which is greater when the codes have a greater emphasis on...

We investigate whether the risk management committee and independent commissioner contribute to the audit fee. We use 720 observations from Indonesian listed companies for 2015-2018. We use ordinary least square analysis to address our hypotheses. The result shows that the proportion of...

Boards of directors have received limited guidance about the types and diversity of professional expertise expected on corporate boards. This is because little is actually known about the expertise that exists on corporate boards. In this study, we categorize directors by 11 types of...

All directors, not only those with multiple directorships, are potentially too busy to fulfill their directorial duties. Thus, as a general test of director busyness, we examine how changes in workloads (board and committee meeting frequency) affect the attendance practices of CEOs and...

We propose that high levels of monitoring are not always in the best interests of minority shareholders. In family-owned companies the optimal level of board monitoring required by minority shareholders is expected to be lower than other companies. This is because the relative benefits and costs...