This research examined the influence of internationalization on the financial performance of Indonesian companies listed on the stock exchange, moderated by CEO characteristics like age and tenure. Using linear regression and moderated regression analysis of financial data from 2012-2016, the study found that internationalization, as measured by foreign to total sales, had a positive significant impact on return on assets. However, the CEO characteristics of older age and longer tenure weakened the influence of internationalization on company performance.
This research examined the influence of internationalization on the financial performance of Indonesian companies listed on the stock exchange, moderated by CEO characteristics like age and tenure. Using linear regression and moderated regression analysis of financial data from 2012-2016, the study found that internationalization, as measured by foreign to total sales, had a positive significant impact on return on assets. However, the CEO characteristics of older age and longer tenure weakened the influence of internationalization on company performance.
This research examined the influence of internationalization on the financial performance of Indonesian companies listed on the stock exchange, moderated by CEO characteristics like age and tenure. Using linear regression and moderated regression analysis of financial data from 2012-2016, the study found that internationalization, as measured by foreign to total sales, had a positive significant impact on return on assets. However, the CEO characteristics of older age and longer tenure weakened the influence of internationalization on company performance.
This research examined the influence of internationalization on the financial performance of Indonesian companies listed on the stock exchange, moderated by CEO characteristics like age and tenure. Using linear regression and moderated regression analysis of financial data from 2012-2016, the study found that internationalization, as measured by foreign to total sales, had a positive significant impact on return on assets. However, the CEO characteristics of older age and longer tenure weakened the influence of internationalization on company performance.
The purpose of this research is to verify the influence of internationalization to
performance company with moderation characteristics of the non-financial corporate
CEOs conducting overseas sales listed on the Indonesia Stock Exchange. This research is using linear regression models and Moderated Regression Analysis (MRA), the data is acquired from report finance Companies published from period 2012-2016. Independent variables used is internationalization proxied with foreign sales to total sales. Dependent variables in research is the performance Companies proxied with ROA. The results of this research shows that internationalization have influence positive significant to performance companies, whereas personal characteristics of CEOs are age and time position weaken influence internationalization to performance company.
Keywords : Internationalization, Corporate Performance, Characteristics CEO