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The Effects of Financial Resources on Executive Remuneration: Evidence from IDX 30 Companies at the Indonesian Stock Exchange

In: Proceedings of the 7th Global Conference on Business, Management, and Entrepreneurship (GCBME 2022)

Author

Listed:
  • Widayanto Widayanto

    (Universitas Indonesia, Master of Management Program, Faculty of Economics and Business)

  • Mone S. Andrias

    (Universitas Indonesia, Master of Management Program, Faculty of Economics and Business)

Abstract

This study aims to examine the impact of financial resources, i.e., assets, revenue, and profit on executive (board of directors and commissioner) remuneration. The data were collected from a listed company on Indonesia Stock Exchange from 2016–2020. The listed companies as research samples are those under the category of IDX 30. IDX 30 is an index consisting of 30 companies that have high liquidity and large capitalization underpinned by strong fundamentals. A multiple regression method was done to analyze the collected data. The findings revealed that assets and revenue significantly impacted executive remuneration. However, the net profit of the company did not significantly impact executive remuneration. According to the findings of this study, the highest-level decision makers in a company use assets and revenue as predictive factors when determining executive remuneration.

Suggested Citation

  • Widayanto Widayanto & Mone S. Andrias, 2024. "The Effects of Financial Resources on Executive Remuneration: Evidence from IDX 30 Companies at the Indonesian Stock Exchange," Advances in Economics, Business and Management Research, in: Ratih Hurriyati & Lili Adi Wibowo & Ade Gafar Abdullah & Sulastri & Lisnawati & Yusuf Murtadlo (ed.), Proceedings of the 7th Global Conference on Business, Management, and Entrepreneurship (GCBME 2022), pages 1080-1088, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-234-7_113
    DOI: 10.2991/978-94-6463-234-7_113
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