Examining the influence of foreign ownership, company website on firm performance: Evidence from Indonesia

Firm performance is one aspect of measuring a company's level of success. This study aims to test whether there is an influence of foreign ownership and preference of company websites on firm performance as a proxy for ROA and ROE in companies in Indonesia. The population of this study was all...

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Bibliographic Details
Published inCogent business & management Vol. 10; no. 2; pp. 1 - 14
Main Authors Putri, Gustita Arnawati, Setiawan, Doddy
Format Journal Article
LanguageEnglish
Published Abingdon Taylor & Francis 12.12.2023
Cogent
Taylor & Francis Ltd
Taylor & Francis Group
Subjects
Business ownership
company website
Financial performance
firm performance
foreign ownership
Organizational structure
Return on assets
Return on equity
Websites
Indonesia
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Summary:Firm performance is one aspect of measuring a company's level of success. This study aims to test whether there is an influence of foreign ownership and preference of company websites on firm performance as a proxy for ROA and ROE in companies in Indonesia. The population of this study was all companies listed in the Indonesia Stock Exchange (IDX) in 2021. The sample selection used purposive sampling and obtained 264 non-financial companies as the observation data. The data were collected from the company's financial and annual reports. Multiple regression test was used to analyze this research. The results showed that the existence of foreign ownership and preference for company websites had a significant positive effect on firm performance. The finding indicates that firm performance proxied by ROA and ROE can be influenced by the company's foreign ownership structure and the preference of the company website.
ISSN:2331-1975
2331-1975
DOI:10.1080/23311975.2023.2248759