UPSI Digital Repository (UDRep)
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Abstract : Universiti Pendidikan Sultan Idris |
Kajian ini dijalankan untuk mengkaji kehadiran lembaga pengarah wanita serta
mekanisme tadbir urus korporat terhadap kos agensi yang memberi tumpuan kepada ciri-ciri ahli
lembaga pengarah dan ciri-ciri jawatankuasa audit seperti saiz, ahli-ahli bebas, mesyuarat,
pengetahuan tentang kewangan dan kualiti. Kajian ini menggunakan sampel sebanyak 150 buah syarikat
yang tersenarai di Bursa Malaysia pada tahun 2010 sehingga tahun 2013 bagi sektor perdagangan dan
perkhidmatan. Berdasarkan kajian-kajian lepas, kajian ini menggunakan dua proksi kos agensi iaitu,
nisbah penggunaan aset (AUR) dan nisbah perbelanjaan (ER). Hasil kajian emprikal ini menunjukkan
R-square bagi model AUR adalah
0.067 dan 0.074 bagi model ER. Bagi model AUR, saiz lembaga pengarah (β =- 0.056, t =-1.857) , CEO
dualiti (β =-0.032, t =-0.640), dan lembaga pengarah bebas (β =-0.123, t =-2.277) mempunyai
hubungan negatif yang signifikan terhadap kos agensi. Manakala bagi model ER, keputusan menunjukkan
lembaga pengarah wanita (β =-0.199, t =-6.852) ,saiz jawatankuasa audit (β =-0.098, t =- 2.129) dan
kualiti audit (β =-0.087, t =-2.093) mempunyai hubungan negatif yang signifikan terhadap kos
agensi. Oleh itu, dapat disimpulkan bahawa, kehadiran lembaga pengarah wanita dan mekanisme urus
tadbir yang baik dapat mengurangkan kos agensi. Dapatan kajian adalah konsisten bagi kedua-dua
model. Tambahan itu, kajian ini memberi kesan kepada syarikat korporat dan pembuat dasar dengan
cara yang positif. Dengan adanya kajian ini, ia dapat membantu sesebuah syarikat dalam
mempraktikkan amalan–amalan tadbir urus korporat dengan baik dan menjadi rujukan dalam penubuhan
dasar–dasar syarikat atau dasar kewangan dalam mengurangkan kos agensi sesebuah syarikat.
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