CORPORATE GOVERNANCE DISCLOSURE IN THE EXISTENCE OF OWNERSHIP STRUCTURE AND GROWTH OPPORTUNITIES
This study examines whether ownership structure which was divided into blockholder ownership, managerial ownership, and public ownership had influence on corporate governance disclosure, and whether growth opportunities moderate that influence. Studies in this area mostly examined the role of own...
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| Format: | Article |
| Language: | English |
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Universitas Merdeka Malang
2017-04-01
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| Series: | Jurnal Keuangan dan Perbankan |
| Subjects: | |
| Online Access: | http://jurnal.unmer.ac.id/index.php/jkdp/article/view/647 |
| _version_ | 1811304856238948352 |
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| author | Melinda Lydia Nelwan |
| author_facet | Melinda Lydia Nelwan |
| author_sort | Melinda Lydia Nelwan |
| collection | DOAJ |
| description | This study examines whether ownership structure which was divided into blockholder
ownership, managerial ownership, and public ownership had influence on corporate
governance disclosure, and whether growth opportunities moderate that influence. Studies
in this area mostly examined the role of ownership structure on corporate financial
disclosure or public announcements conducted in the context of different countries and
in more regulated industries in Indonesia. The scope of this study was manufacturing
companies listed on the Indonesian Stock Exchange for the period of 2013. The results
showed that between the ownership structures only blockholder ownership had a negative
and significant influence on the corporate governance disclosure. Being the largest
shareholders, blockholders might have better access on the inside information which
made them better informed relative to other shareholders, thus arguably might desire less
disclosure. The results also showed that the interaction variable between managerial
ownership and growth opportunities was negative and significant. This indicates that in
a growing company where the managerial ownership increases, the management would
tend to reduce the corporate governance information they provided to the stakeholders. |
| first_indexed | 2024-04-13T08:15:42Z |
| format | Article |
| id | doaj.art-6b7b1c9942de411499337ccadd2ca887 |
| institution | Directory Open Access Journal |
| issn | 1410-8089 2443-2687 |
| language | English |
| last_indexed | 2024-04-13T08:15:42Z |
| publishDate | 2017-04-01 |
| publisher | Universitas Merdeka Malang |
| record_format | Article |
| series | Jurnal Keuangan dan Perbankan |
| spelling | doaj.art-6b7b1c9942de411499337ccadd2ca8872022-12-22T02:54:49ZengUniversitas Merdeka MalangJurnal Keuangan dan Perbankan1410-80892443-26872017-04-01212200210CORPORATE GOVERNANCE DISCLOSURE IN THE EXISTENCE OF OWNERSHIP STRUCTURE AND GROWTH OPPORTUNITIESMelinda Lydia Nelwan0Department of Accounting Faculty of Economy Universitas KlabatThis study examines whether ownership structure which was divided into blockholder ownership, managerial ownership, and public ownership had influence on corporate governance disclosure, and whether growth opportunities moderate that influence. Studies in this area mostly examined the role of ownership structure on corporate financial disclosure or public announcements conducted in the context of different countries and in more regulated industries in Indonesia. The scope of this study was manufacturing companies listed on the Indonesian Stock Exchange for the period of 2013. The results showed that between the ownership structures only blockholder ownership had a negative and significant influence on the corporate governance disclosure. Being the largest shareholders, blockholders might have better access on the inside information which made them better informed relative to other shareholders, thus arguably might desire less disclosure. The results also showed that the interaction variable between managerial ownership and growth opportunities was negative and significant. This indicates that in a growing company where the managerial ownership increases, the management would tend to reduce the corporate governance information they provided to the stakeholders.http://jurnal.unmer.ac.id/index.php/jkdp/article/view/647blockholder ownershipcorporate governance disclosuregrowth opportunitiesmanagerial ownership |
| spellingShingle | Melinda Lydia Nelwan CORPORATE GOVERNANCE DISCLOSURE IN THE EXISTENCE OF OWNERSHIP STRUCTURE AND GROWTH OPPORTUNITIES Jurnal Keuangan dan Perbankan blockholder ownership corporate governance disclosure growth opportunities managerial ownership |
| title | CORPORATE GOVERNANCE DISCLOSURE IN THE EXISTENCE OF OWNERSHIP STRUCTURE AND GROWTH OPPORTUNITIES |
| title_full | CORPORATE GOVERNANCE DISCLOSURE IN THE EXISTENCE OF OWNERSHIP STRUCTURE AND GROWTH OPPORTUNITIES |
| title_fullStr | CORPORATE GOVERNANCE DISCLOSURE IN THE EXISTENCE OF OWNERSHIP STRUCTURE AND GROWTH OPPORTUNITIES |
| title_full_unstemmed | CORPORATE GOVERNANCE DISCLOSURE IN THE EXISTENCE OF OWNERSHIP STRUCTURE AND GROWTH OPPORTUNITIES |
| title_short | CORPORATE GOVERNANCE DISCLOSURE IN THE EXISTENCE OF OWNERSHIP STRUCTURE AND GROWTH OPPORTUNITIES |
| title_sort | corporate governance disclosure in the existence of ownership structure and growth opportunities |
| topic | blockholder ownership corporate governance disclosure growth opportunities managerial ownership |
| url | http://jurnal.unmer.ac.id/index.php/jkdp/article/view/647 |
| work_keys_str_mv | AT melindalydianelwan corporategovernancedisclosureintheexistenceofownershipstructureandgrowthopportunities |