An Examination of Board Cohesiveness of Initial Public Offering at Indonesian Stock Exchange

Widuri Kurniasari, Sugeng Wahyudi

Abstract


We study the financial performance of initial public offerings (IPOs) at Indonesian Stock Exchange. We examine how firm characteristics and board characteristics affects the board cohesiveness. This study attempts to evaluate board cohesiveness of initial Public Offering at Indonesian Stock Exchane during 2000-2008 (119 sample). Our results indicate that among IPO firms, firm characteristics and board characteristics affects the board cohesiveness. These results indicate that board cohesiveness influence by board characteristics and firm perfomance.

Keywords: Board Cohesiveness, Board Characteristics, and Firm Characteristics


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ISSN (Paper)2222-1697 ISSN (Online)2222-2847

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