Research Article

Determinants of Change of Board of Directors in Transportation Sector Companies on the Indonesia Stock Exchange

Authors

  • Ricky Faculty of Economics and Business, Widya Dharma University Pontianak, Indonesia
  • Dedi Haryadi Faculty of Economics and Business, Widya Dharma University Pontianak, Indonesia

Abstract

The purpose of this study was to determine the factors that affect the change of directors. The independent variables used in this study consisted of the effective tax rate (ETR), price to book value (PBV), and net profit margin (NPM). The population in this study amounted to 28 companies in the transportation sector on the Indonesia Stock Exchange and only 22 issuers who were sampled using the purposive sampling method related to the criteria for issuers to have been listed on the stock exchange before 2019. The form of this research is the associative test. The data analysis technique used logistic regression analysis. The results of the study were processed with the help of SPSS version 25 and showed that the level of profitability as measured by the net profit margin had a negative effect on the turnover of directors, while the effective tax rate and firm value proxied by price to book value had no effect on the decision to change directors.

Article information

Journal

Journal of Economics, Finance and Accounting Studies

Volume (Issue)

4 (4)

Pages

99-107

Published

2022-11-28

How to Cite

Ricky, & Haryadi, D. (2022). Determinants of Change of Board of Directors in Transportation Sector Companies on the Indonesia Stock Exchange. Journal of Economics, Finance and Accounting Studies, 4(4), 99–107. https://doi.org/10.32996/jefas.2022.4.4.13

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Keywords:

Change Of Directors, Company Performance, Effective Tax Rate, Price To Book Value, Net Profit Margin, Company Value, Profitability