The Effect of Financial Performance and Corporate Governance to Stock Price in Non-Bank Financial Industry

Herman Karamoy and Joy Tulung

MPRA Paper from University Library of Munich, Germany

Abstract: Indonesia's financial sector is highly dominated by the banking industry than the non-bank. It controlled almost 74% of Indonesia's financial assets in 2014. After post-crisis restructuration, the banking sector has become stronger, with a higher capital adequacy ratio and profitability. While, The Non-Bank Financial Industry is expected to solve the problems in the Indonesian economy, as well as becoming one of the long-term economic instruments. The purposed of this study is to test and analyse the effect of financial performance and the implementation of corporate governance on the Non-Bank Financial Industry Stock Prices on Indonesian Stock Exchange in 2012-1016. The research population includes the Non-Bank Financial Industry listed in IDX, as many as 37 companies. This study found the Probability, Managerial Ownership, Institutional Ownership and the composition of Independent Commissioner partially and simultaneously does not significantly influence the Stock Price of the Non-Bank Financial Industry.

Keywords: Non-Bank Financial Industry; Stock Price; Managerial Ownership; Institutional Ownership (search for similar items in EconPapers)
JEL-codes: G11 G23 G32 (search for similar items in EconPapers)
Date: 2019-10-21, Revised 2020-01-24
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Published in Corporate Ownership & Control 17.2(2020): pp. 97-103

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