The Influence of Free Float Shares and Audit Quality on Company Performance: Evidence from Indonesia

Sailendra Sailendra, Etty Murwaningsari () and Sekar Mayangsari ()
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Etty Murwaningsari: Trisakti University, Jakarta, Indonesia
Sekar Mayangsari: Trisakti University, Jakarta, Indonesia

The Audit Financiar journal, 2019, vol. 17, issue 154, 274

Abstract: This study aimed to examine the effect of the free float of shares and audit quality on company performance in public manufacturing companies listed on the Indonesia Stock Exchange (IDX) during 2013-2016. The sample comprised 80 companies with 320 years-observation and the hypothesis and the relationship between variables were tested with the 3.0. version of Smart-PLS statistical program. The results show that the free float of shares has no significant impact on company performance, while audit quality has a significant positive effect. The results are relevant for regulators, shareholders and other stakeholders, especially in countries with emerging capital markets, such as Indonesia.

Keywords: free float of shares; company performance; audit quality; capital markets (search for similar items in EconPapers)
JEL-codes: E22 E23 M42 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (1)

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