Record Details

Test of Corporate Governance Classification With Market Value

Ubaya Repository

View Archive Info
 
 
Field Value
 
Relation http://repository.ubaya.ac.id/239/
 
Title Test of Corporate Governance Classification With Market Value
 
Creator Ismiyanti, Fitri
Mahadwartha, Putu Anom
 
Subject HB Economic Theory
 
Description This research constructs a proxy of corporate governance using price spread approach. Price spread approach will divide each market activity in to price premium and price discount. The price premium will have sufficient governance practices the price discount therefore price premium firms have higher market value then price discount firms. The relationship of the corporate governance index the tests with market value of the firm. This research argues that price spread (bid and offer) will justify the corporate governance practices. However, the proxy not yet tests with firm's market value that viewed by shareholders as their wealth. This research uses Indonesian listed firm from 1995 to 2007. This research suggests that corporate governance proxy will summarize the information contained in the corporate governance practices therefore implied on market value of the firms. This research argues that investors pay a significant premium for well-governed firms, benefiting firms that improve their governance mechanisms.
 
Date 2009-11-20
 
Type Conference or Workshop Item
PeerReviewed
 
Format application/pdf
 
Language en
 
Identifier /239/1/Putu%20Anom_Test%20of%20Corporate%20Governance_Abstrak_2009.pdf
Ismiyanti, Fitri and Mahadwartha, Putu Anom (2009) Test of Corporate Governance Classification With Market Value. In: The 14th Asia Pacific Management Conference, Fakultas Ekonomi, Universitas Airlangga.