THE INFLUENCE OF CEO CHARACTERISTICS AND CORPORATE GOVERNANCE ON THE PERFORMANCE OF FOOD AND BEVERAGE COMPANIES LISTED ON THE BEI

Abstract

This study aims to examine how the influence of CEO Characteristic proxied by Gender and CEO Tenure, as well as Corporate Governance proxied by Institutional Ownership, Managerial Ownership, Independent Board of Commissioners, and Audit Committee on Company Performance proxied by Return on Asset (ROA). Hypothesis testing in this study was carried out using unbalanced data panel with the fixed effect model as the selected model. The sample of this study consists of 102 observational data on food and beverage companies listed on the IDX for the period 2020 - 2022. The results of this study indicate that CEO Gender has an influence on company performance. The results showed that only CEO Gender as one of the measurements of CEO Characteristic has an effect on Firm Performance. While other independent variables have no effect on Company Performance. The implications of the results of this study indicate that the gender of a CEO can influence decision making which will affect firm performance.