Title: Supervisory board and Indonesia's company internationalisation

Authors: Mukhlizul Hamdi; Desi Ilona; Zaitul

Addresses: Economics and Busines Faculty, Universitas Bung Hatta, Padang 25133, Indonesia ' Economics and Business Faculty, Universitas Putra Indonesia YPTK, Padang 25221, Indonesia ' Economics and Business Faculty, Universitas Bung Hatta, Padang 25133, Indonesia

Abstract: This study aims to examine the role of supervisory board on internationalisation of Indonesia's listed companies. Based on the agency theory, supervisory board may improve the international company performance through company oversight. Specifically, this study investigates the effect of supervisory board composition, size, and expertise on international performance. The sample of this study is 61 manufacturing listed companies from 2012-2016 periods. The result shows that supervisory board composition has a positive and significant relationship with the company internationalisation. While, supervisory board size and expertise have no effect on company internationalisation. In addition, the company age and leverage also contribute to the internationalisation of companies.

Keywords: supervisory board; internationalisation; Indonesia.

DOI: 10.1504/IJBG.2021.10038063

International Journal of Business and Globalisation, 2021 Vol.28 No.1/2, pp.148 - 160

Received: 16 Feb 2019
Accepted: 18 Jun 2019

Published online: 27 May 2021 *

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