The paper aims to examine the effect of political influence on corporate transparency, and performance of Indonesian listed companies, Seventy-three large public firms from hundred of the largest companies in Indonesi...The paper aims to examine the effect of political influence on corporate transparency, and performance of Indonesian listed companies, Seventy-three large public firms from hundred of the largest companies in Indonesia were selected as the sample. Data for corporate transparency are collected from annual reports for the years 2005-2007. Corporate transparency is indexed by the amount of information disclosed in company＇s annual report. The disclosure index reporting model developed in the current research is based on the Annual Report Award （ARA, an award given annually to Indonesian listed and non-listed companies）, and firm performance is measured using two indicators： ROA （return on assets） and Tobin-Q. The political influence variable is proxied by two indicators： government ownership and the existence of politicians in Board of Directors （BOD）. Results demonstrate that contrary to the hypothesis, government ownership （political influence） has positive relation to corporate transparency, as well as to ROA （firm performance）. Results also support the hypothesis that transparency act as a mediating variable for the relationship between political influence and firm performance. However, when political influence is pmxied by existence of politicians in BOD and fm＇n performance proxied by Tobin-Q, data seems to give support to the hypotheses proposed. The discussion and implications of the findings and suggestions for future research arc discussed.展开更多
Countries do also compete among themselves to develop their economies like business organizations compete. This paper assesses the performance of the top globally competitive countries in terms of the degree of global...Countries do also compete among themselves to develop their economies like business organizations compete. This paper assesses the performance of the top globally competitive countries in terms of the degree of globalization, international trade, investment in research and technology, tariffs, foreign direct investment, and ethical practices in carrying-out international business. Analysis of these factors indicates that all the top globally competitive countries could not exhibit corresponding performance in the globalization levels, exports, investment in research and development, attracting and providing foreign direct investment, and doing business ethically. Therefore, it is suggested that these countries should implement the practices that would reflect their position as one of the top globally competitive countries.展开更多
文摘The paper aims to examine the effect of political influence on corporate transparency, and performance of Indonesian listed companies, Seventy-three large public firms from hundred of the largest companies in Indonesia were selected as the sample. Data for corporate transparency are collected from annual reports for the years 2005-2007. Corporate transparency is indexed by the amount of information disclosed in company＇s annual report. The disclosure index reporting model developed in the current research is based on the Annual Report Award （ARA, an award given annually to Indonesian listed and non-listed companies）, and firm performance is measured using two indicators： ROA （return on assets） and Tobin-Q. The political influence variable is proxied by two indicators： government ownership and the existence of politicians in Board of Directors （BOD）. Results demonstrate that contrary to the hypothesis, government ownership （political influence） has positive relation to corporate transparency, as well as to ROA （firm performance）. Results also support the hypothesis that transparency act as a mediating variable for the relationship between political influence and firm performance. However, when political influence is pmxied by existence of politicians in BOD and fm＇n performance proxied by Tobin-Q, data seems to give support to the hypotheses proposed. The discussion and implications of the findings and suggestions for future research arc discussed.
文摘Countries do also compete among themselves to develop their economies like business organizations compete. This paper assesses the performance of the top globally competitive countries in terms of the degree of globalization, international trade, investment in research and technology, tariffs, foreign direct investment, and ethical practices in carrying-out international business. Analysis of these factors indicates that all the top globally competitive countries could not exhibit corresponding performance in the globalization levels, exports, investment in research and development, attracting and providing foreign direct investment, and doing business ethically. Therefore, it is suggested that these countries should implement the practices that would reflect their position as one of the top globally competitive countries.
