Foreign Ownership and Financial Firms Performance: Empirical Evidence Indonesia Financial Services Industry
Abstract: The aim of the paper
is to study the value created by foreign firms in Indonesia finance company
industry over the period
2001-2011. We analysed
the value creation
of foreign firms
by comparing the
key financial performance to local shareholders. Foreign firms are the
major players in banking industry and automotive industry
with market share
more than 90%
oin both two
wheeler and four
wheeler. Meanwhile, the automotive
manufacturers and dealers
are the one
who provide the
products of financing for finance
company. We analysed seven micro key financial variables (profitability,
efficiency, growth, firm size, liquidity,
solvency and asset
quality). We use
parametric panel data
dummy regression. The empirical
results show that
finance companies owned
by foreign firms
are more efficient, lower in
profitability, bigger in size, higher in growth capability, lower in liquidity
and higher in solvency.
Author: Suwinto Johan,
Hermanto Siregar, Perdana Wahyu
Santosa,Tubagus Nur Ahmad Maulana
Journal Code: jpmanajemengg120018

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