Direksi Wanita dan Kinerja Perusahaan pada Industri Hospitality di ASEAN

Jeslyne Anggi Winata, Neysa Natania, Rinaningsih Rinaningsih, Retno Yuliati

Abstract


Abstrak: Penelitian bertujuan untuk menguji dampak direksi wanita terhadap kinerja perusahaan khususnya pada sektor Hotel, Restaurants, dan Leisure di ASEAN. Sampel yang digunakan adalah perusahaan publik terdaftar di bursa efek melalui Capital IQ dengan sektor Hotel, Restaurants, dan Leisure dan memperoleh total 60 perusahaan di ASEAN pada periode dari tahun 2015 - 2018 dengan total observasi sebanyak 240. Kinerja perusahaan dalam penelitian ini diukur dengan ROA (Return on Assets) sebagai pengukuran berbasis akuntansi dan Tobin’s Q sebagai pengukuran berbasis pasar. Sedangkan direksi wanita diukur dengan menggunakan persentase dewan direksi wanita di perusahaan pada sektor Hotel, Restaurants, and Leisure di ASEAN. Metode regresi yang digunakan dalam penelitian ini yaitu metode analisis regresi linear berganda.Variabel kontrol yang terdapat pada penelitian ini yaitu ukuran dewan diresi, ukuran perusahaan, pertumbuhan penjualan, umur perusahaan, rasio lancar, dan leverage. Penelitian ini menunjukkan bahwa terdapat hubungan positif signifikan antara direksi wanita dalam dewan direksi terhadap kinerja perusahaan.


Keywords


ASEAN; Direksi Wanita; Hotel, Restaurants, dan Leisure (HRL); Kinerja Perusahaan

Full Text:

PDF

References


Ardiyanto, R. (2019, June 26). Statistik Deskriptif - Pengertian, Materi, Jenis-Jenis, Contoh Soal. Retrieved November 15, 2019, from https://rumus.co.id/statistik-deskriptif/

ASEAN (2015). ASEAN Tourism Strategic Plan 2016-2025. Philippine Department of Tourism. Retrieved June 16 2020, from https://www.asean.org/storage/2012/05/ATSP-2016-2025.pdf

ASEAN Post (2019). Changing attitudes towards women in hospitality. The Asean Post. Retrieved from June 16 2020, from https://theaseanpost.com/article/changing-attitudes-towards-women-hospitality

Barnes, P. (1987). The Analysis and Use of Financial Ratios: A Review Article. Journal of Business Finance & Accounting, 14(4), 20-21.

Baum, T. (2013). International perspectives on women and work in hotels, catering, and tourism. Geneva: International Labour Organization

Baum. (2015). Women in Tourism & Hospitality: Unlocking the Potential in the Talent Pool. Retrieved November 15, 2019, from https://travel.report/whitepapers/women-in-tourism-and-hospitality-unlocking-the-potential-in-the-talent-pool/536

Bem, S.L., Gender schema theory: A cognitive account of sex typing. Psychological Review, 1981.88(4):p.354.

Bonn, I., Yoshikawa, T., & Phan, P. H. (2004). Effects of Board Structure on Firm Performance: A Comparison Between Japan and Australia. Asian Business & Management, 3(1), 105–125. doi: 10.1057/palgrave.abm.9200068

Carter, D. A., Simkins, B. J., & Simpson, W. G. (2003). Corporate Governance, board diversity and firm value. Financial Review, 38(1), 33-53. http://dx.doi.org/10.1111/1540-6288.00034

Catalyst. (2004). The Bottom Line: Connecting Corporate Performance and Gender Diversity. New York: Catalyst.

Chakravarthy, B. S. (1986). Measuring strategic performance. Strategic Management Journal, 7(5), 437–458. doi: 10.1002/smj.4250070505

Chang, S., & Hong, J. (2002). How Much Does the Business Group Matter in Korea?, Strategic Management Journal, Vol.23, pp.265-274.

Chen, Z., Cheung, Y. L., Stouraitis, A., & Wong, A. W. (2005). Ownership concentration, firm performance, and dividend policy in Hong Kong. Pacific-Basin Finance Journal, 13(4), 431-449.b

Eagly, A.H., 1987. “Sex Differences in Social Behavior: A Social-Role Interpretation”. Lawrence Erlbaum Associates, Hillsdale.

Eagly, A.H., Reporting sex differences.American Psychologist, 1987. 42:pp.756-757.

Eagly, A.H., and Johannesen-Schmidt, M. C., 2001. “The Leadership Styles of Women and Men”. Journal of Social Issues, 57 (4), 781-797.

Georgopoulos, B.S. & Tannenbaum, A.S. (1957). A study of organizational effectiveness. American Sociological Review (pp. 534-540).

Ghozali, Imam. 2011. “Aplikasi Analisis Multivariate dengan Program SPSS”. Semarang: Badan Penerbit Universitas Diponegoro.

Ghozali, Imam. 2012. “Aplikasi Analisis Multivariate dengan Program IBM SPSS”. Yogyakarta: Universitas Diponegoro.

Gujarati, D. N. & Porter, D. (2009). Basic Econometrics (5th ed.). Boston: McGraw- Hill Irwin.

Huse, M. (2004), “Boards, Governance, and Value Creation: The Human Side of Corporate Governance”, Cambridge: Cambridge University Press.

International Finance Corporation. (2017). Board Gender Diversity in ASEAN. Retrieved from https://www.ifc.org/wps/wcm/connect/21f19cfe-9cce-4089-bfc1-e4c38767394e/Board_Gender_Diversity_in_ASEAN.pdf?MOD=AJPERES&CVID=mM0qVBn

Julizaerma, M., & Sori, Z. M. (2012). Gender Diversity in the Boardroom and Firm Performance of Malaysian Public Listed Companies. Procedia - Social and Behavioral Sciences, 65, 1077–1085. doi: 10.1016/j.sbspro.2012.11.374

Kieso, D. E., Kimmel P. D., Weygandt J. J. (2015). Financial Accounting: IFRS, 3rd Edition. United Kingdom: Wiley.

Lebans, M. & Euske, K. (2006). A conceptual and operational delineation of performance. Business Performance Measurement. Cambridge University Press.

Liargovas, P. G. and Skandalis, K. S. (2010) “Factors Affecting Firms’ Performance: The Case of Greece”, Global Business and Management Research: An International Journal, Vol. 2, No. 2 and 3, pp. 184 – 197.

Mahadeo, J. D., Soobaroyen, T., & Hanuman, V. O. (2012). Board Composition and Financial Performance: Uncovering the Effects of Diversity in an Emerging Economy. Journal of Business Ethics, 105(3), 375-388.

Marinakou, E. (2012). Gender and leadership in hospitality: Women in hospitality management and leadership in Greece. LAP LAMBERT Academic Publishing.

Marinakou, E. (2014). Women in Hotel Management and Leadership: Diamond or Glass?. David Publishing.

Maxwell, G. A. (1997). Hotel general management: Views from above the glass ceiling. International Journal of Contemporary Hospitality Management, 9(5/6), 230-235.

Minguez-Vera, A., & Martin, A. (2011). Gender and management on Spanish SMEs: An empirical analysis. The International Journal of Human Resource Management, 22(14), 2852-2873. doi:10.1080/09585192.2011.599948.

Milliken, F. J., & Martins, L. L. (1996). Searching for Common Threads: Understanding the Multiple effects of diversity in organizational groups. Academy of Management Review. http://dx.doi.org/10.2307/258667

Petpairote, Wannuda and Chancharat, Nongnit. (2015). The Effects of Women on the Board on the Firm Performance of Thai Listed Companies, Journal of Advanced Research in Law and Economics, (Volume VI, Summer), 1(11): 147 – 160, doi: 10.14505/jarle.v6.1(11).17.

Peterson, W., Gijsbers, G. and Wilks, M. (2003) An Organizational Performance Assessment System for Agricultural Research Organizations: Concepts, Methods, and Procedures. ISNAR Research Management Guidelines No. 7, International Service for National Agricultural Research, The Hague.

Pham A.D., Hoang A.T.P. (2019) Does Female Representation on Board Improve Firm Performance? A Case Study of Non-financial Corporations in Vietnam. In: Kreinovich V., Thach N., Trung N., Van Thanh D. (eds) Beyond Traditional Probabilistic Methods in Economics. ECONVN 2019. Studies in Computational Intelligence, vol 809. Springer, Cham

Rahayu, S. M., Ramadhanti, W., & Widodo, T. M. (2018). Analisis Pengaruh Gender Direksi Dan Komisaris, Manajemen Laba, Serta Kinerja Perusahaan Terhadap Kompensasi Manajemen Puncak Di Asean.

Rastogi, Jaafar, Zemgulys, and Rawangban (2017). Moving Toward Gender Diversity in Southeast Asia. The Boston Consulting Group. Retrieved from June 16 2020, from https://image-src.bcg.com/Images/BCG-Moving-Toward-Gender-Diversity-SEA-Sep-2017_tcm93-177639.pdf

Reifman, A., & Keyton, K. (2010). Winsorize. In N. J. Salkind (Ed.), Encyclopedia of Research Design (pp. 1636-1638). Thousand Oaks, CA: Sage.

Ridgeway, C., editor. Gender, Interaction, and Inequality. 1992, New York, NY: Springer-Verlag

Smith, N., Smith, V., & Verner, M. (2006). Do women in top management affect firm performance? A panel study of 2,500 Danish firms. International Journal of productivity and Performance management, 55(7), 569-593. doi:10.1108/17410400610702160.

Sugiyono. (2015). “Metode Penelitian Kombinasi (Mix Methods)”. Bandung: Alfabeta

Tonggano, S. and Christiawan, Y., (2017). Pengaruh Kepemilikan Keluarga Terhadap Profitabilitas Perusahaan Pada Perusahaan Menggunakan Firm Size, Firm Age Dan Sales Growth Sebagai Variabel Kontrol. Retrieved from April 10 2020, from http://publication.petra.ac.id/index.php/akuntansi-bisnis/article/view/6591

Trueman, C. (2018). The state of gender diversity in Southeast Asia. CIO ASEAN. Retrieved from June 16 2020, from https://www.cio.com/article/3307122/the-state-of-gender-diversity-in-southeast-asia.html

Tu, T. T., Loi, H. H., & Yen, T. T. (2015). Relationship between Gender Diversity on Boards and Firm’s Performance - Case Study about ASEAN Banking Sector. International Journal of Financial Research, 6(2). doi:10.5430/ijfr.v6n2p150

Unite, A. A., Sullivan, M. J., & Shi, A. A. (2015). Women on Top: Diversity in Gender and Education Profiles of Top Management and Board of Directors of Philippine Publicly Traded Firms. Women on Top: Diversity in Gender and Education Profiles of Top Management and Board of Directors of Philippine Publicly Traded Firms. Retrieved from http://xsite.dlsu.edu.ph/research/centers/aki/participant/trainings/workingPapers/2016-35.pdf

Unite, A.A., Sullivan, M.J. & Shi, A.A. Board Diversity and Performance of Philippine Firms: Do Women Matter?. Int Adv Econ Res 25, 65–78 (2019). https://doi.org/10.1007/s11294-018-09718-z

Utami, Indah dewi dan Rahmawati. 2008. “Pengaruh Ukuran Perusahaan, Ukuran Dewan Komisaris, Kepemilikan Institusional, dan Umur Perusahaan terhadap Corporate Social Responsibilities disclosure (Studi Empiris pada Perusahaan Property dan Real Estate)”. Surakarta: Fakultas Ekonomi Universitas Sebelas Maret Surakarta.

Vakola, M., & Apospori, E. (2007). Women and management. Athens: Sideris (in Greek).

Vaidya, P. N. (2019). Board Size and Firm Performance: A Study on BSE 100 Companies. Journal of Management (JOM), 6(3).

Victor, Pamela (2017). Vietnam’s promising future for women in companies. The ASEAN Post. Retrieved from June 16 2020, from https://theaseanpost.com/article/vietnams-promising-future-women-companies

Wang, F.-C., Hung, W.-T., & Shang, J.-K. (2006). Measuring pure managerial efficiency of international tourist hotels in Taiwan. The Service Industries Journal, 26(1), 59–71. doi: 10.1080/02642060500358860

Weston, F.J dan Brigham, E.F. 1991. Dasar-Dasar Manajemen Keuangan. Edisi Ketujuh, Jilid 2. Jakarta: Erlangga.

Wibowo, A. and Diarsyad, M., (2018). Pengaruh Current Ratio, Cash Ratio, Return On Equity Dan Return On Aseet Terhadap Harga Saham Pada Perusahaan Property Dan Real Estate Di BEI. Retrieved from April 10 2020, from https://www.researchgate.net/publication/327672874_PENGARUH_CURRENT_RATIO_CASH_RATIO_RETURN_ON_EQUITY_DAN_RETURN_ON_ASEET_TERHADAP_HARGA_SAHAM_PADA_PERUSAHAAN_PROPERTY_DAN_REAL_ESTATE_DI_BURSA_EFEK_INDONESIA.

Yammarino, F. J., Spangler, W. D., & Bass, B. M. (1993). Transformational leadership and performance: A longitudinal investigation. The Leadership Quarterly, 4(1), 81–102. doi: 10.1016/1048-9843(93)90005-e

Yermack, D. (1996). Higher market valuation of companies with a small board of directors. Journal of Financial Economics, 40(2), 185–211. doi: 10.1016/0304-405x(95)00844-5

Zahra, S. A., Pearce, J.A. (1989), Boards of directors and corporate financial performance: A review and integrative model. Journal of Management, 15(2), 291-334.




DOI: https://doi.org/10.17509/jrak.v9i2.29587

Refbacks

  • There are currently no refbacks.


Creative Commons License

Jurnal Riset Akuntansi dan Keuangan  is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

View My Stats