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Library's collection Library's IT development CancelMany kinds of literature have analyzed the relationship between corporate governance, firm life cycle and financial performance. The purpose of this paper is to observe whether firm life cycle stages can act as a mediator to certain board characteristics to financial performance. This research uses 33 companies listed in Indonesian real estate and property sector for the year 2014 – 2018. The samples are collected from Bloomberg and processed using Partial Least Square method to examine the outcome of corporate governance and corporate financial performance using the firm life cycle as a mediator. This research proves that the firm life cycle is not suitable to be a mediator of corporate governance and financial performance. In addition, the firm life cycle stage in this study discovers the pros and cons of a company during certain life cycle stages. This research found also gives some insights, such as discovering firm life cycle stages of the company should give the company benefit. This study contributes as it gives insight that company benefit for implementing an appropriately suitable corporate governance that is able to make an improvement to its performance.