Pengaruh sumberdaya politis terhadap kinerja perbankan publik di Indonesia

Abstract

Many companies in Indonesia employ former or current officers as board of directors and commissioners, which is known as political resources. However, there is no empirical evidence whether collecting and managing political resources will positively contribute to the companies' performance. To clarify the issue, we analyze data among publicly listed banking in Indonesia from 2008 up to 2010. The results indicate that political resources of board of directors (BOD) negatively influence return on assets (ROA). The influence of board of commissioners' (BOC) political resources has no empirical evidence to support the idea that collecting politicians could increase companies' performance. Managerial and academic implications are further discussed.