Management's Chinese Zodiac and ownership to firm performance
- 10.2991/insyma-18.2018.23How to use a DOI?
- Chinese astrology (shio), managerial ownership, firm's performance.
The research examines the effect of Chinese Astrology (shio) and managerial ownership on firm's performance. The research also examines other issue of agency problem which is called managerial ownership. The separation between the principal with ownership function and agent with control function leads to a potential conflict called agency conflict. Sample is manufacturing firms listed in Indonesia Stock Exchange for the period of 2013-2015. The results of this study indicate that Chinese Zodiac of the CEOs have no effect on the company's performance, while managerial ownership positively affects the company's performance. Financial ratios used to measure company's performance are profitability ratios, such as Return on Assets (ROA) as the main parameter and Return on Equity (ROE) as supporting parameter or robustness with no significant effect which aims to confirm the effect of managerial ownership on the company's performance.
- © 2018, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Rico Tedyono AU - Putu Anom Mahadwartha PY - 2018/03 DA - 2018/03 TI - Management's Chinese Zodiac and ownership to firm performance BT - Proceedings of the 15th International Symposium on Management (INSYMA 2018) PB - Atlantis Press SP - 92 EP - 95 SN - 2352-5398 UR - https://doi.org/10.2991/insyma-18.2018.23 DO - 10.2991/insyma-18.2018.23 ID - Tedyono2018/03 ER -