Firms Performance And Top Management Characteristics In Indonesia

Abstract

Studies on the impact of management characteristics on the performance of companies has attracted many researchers. This topic has received a lot of attention after articles by Hambrick and Mason (1984).In the context of Indonesia, this topic has not received much attention. It is the intention of this paper to bridge this gap by developing the framework and testing a hypothesis. The samples for this study comprised of 117 manufacturing firms listed in the Directory ofIndonesian Manufacturing Firms. This study confirmed that locus of control, one of the personality characteristics has a relationship with company performance. Other personality and demography characteristics however did not have any impact on the performance of the companies studied. This paper also discussed the implications of the findings and suggestions for future research.