Proceedings of the 15th International Symposium on Management (INSYMA 2018)

Management's Chinese Zodiac and ownership to firm performance

Authors
Rico Tedyono, Putu Anom Mahadwartha
Corresponding Author
Rico Tedyono
Available Online March 2018.
DOI
https://doi.org/10.2991/insyma-18.2018.23How to use a DOI?
Keywords
Chinese astrology (shio), managerial ownership, firm's performance.
Abstract
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.
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Volume Title
Proceedings of the 15th International Symposium on Management (INSYMA 2018)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
March 2018
ISBN
978-94-6252-475-0
ISSN
2352-5398
DOI
https://doi.org/10.2991/insyma-18.2018.23How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

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  - https://doi.org/10.2991/insyma-18.2018.23
ID  - Tedyono2018/03
ER  -