PENGARUH CEO POWER TERHADAP KINERJA PERUSAHAAN DENGAN PERAN KOMISARIS INDEPENDEN SEBAGAI VARIABEL MODERASI

Studi Pada Perusahaan Yang Terdaftar Di Bursa Efek Indonesia

Abstract

The purpose of this research is to examine the effect of CEO power on
firm performance and the moderating influence of independent board on the
relationship between CEO power and firm performance. Indicator of CEOs
Power studied were the CEO ownership in the company (CEO Ownership).
The firm performance studied with the calculation of PE Ratio. Then, the
independent board is a proportion of independent board on the board of
commissioners.
The research is conducted by quantitative methods using secondary
data. Secondary data comes from the company's annual report listed on the
Indonesian Stock Exchange. This research population is company listed on
the Indonesian Stock Exchange, and then the samples were taken by
purposive sampling with criteria manufacture company that not suffered
lossesduringthe observation process and have the data required in this study,
in order to obtaina sample of 267 companies. This study use sregression
analysis to the test the parameters individually significant (t - test).
The result of the hypothesis test indicates that the CEO Power
with CEO ownership as indicator has no effecton the firm performance with
PE ratios are calculated, and the independent board based on the proportion
of independent board does not have a moderating effecton the relationship
between CEO power and firm performance.