<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0186-1042</journal-id>
<journal-title><![CDATA[Contaduría y administración]]></journal-title>
<abbrev-journal-title><![CDATA[Contad. Adm]]></abbrev-journal-title>
<issn>0186-1042</issn>
<publisher>
<publisher-name><![CDATA[Universidad Nacional Autónoma de México, Facultad de Contaduría y Administración]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0186-10422019000400014</article-id>
<article-id pub-id-type="doi">10.22201/fca.24488410e.2018.1849</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[Institutional ownership, independent board, the board size, and firm performance: Evidence from Indonesia]]></article-title>
<article-title xml:lang="es"><![CDATA[Propiedad institucional, independencia y tamaño del consejo, y desempeño de la empresa: Evidencia de Indonesia]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Handriani]]></surname>
<given-names><![CDATA[Eka]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Robiyanto]]></surname>
<given-names><![CDATA[Robiyanto]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Darul Ulum Islamic Centre Sudirman University  ]]></institution>
<addr-line><![CDATA[Ungaran Central Java]]></addr-line>
<country>Indonesia</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Satya Wacana Christian University  ]]></institution>
<addr-line><![CDATA[Salatiga Central Java]]></addr-line>
<country>Indonesia</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>09</month>
<year>2019</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>09</month>
<year>2019</year>
</pub-date>
<volume>64</volume>
<numero>3</numero>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S0186-10422019000400014&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S0186-10422019000400014&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S0186-10422019000400014&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract This research examines the effect of institutional ownership, independent board and the board size to firm performance. Using fixed effect data panel regression, this research investigates 293 firms listed in the Indonesian Stock Exchange during 2010-2015. Firm performance is proxied by market measure (To-bin&#8217;s Q). The findings of this research suggest that the institutional ownership, the board of Independence has a positive impact only to Tobin&#8217;s Q value, while the board size can increase both Tobin&#8217;s Q. This research also finds that the board size has a non-linear relationship with investment as proxied by IOS. While the IOS variables can mediate the effect of board size on firm performance.]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[G32]]></kwd>
<kwd lng="en"><![CDATA[G34]]></kwd>
<kwd lng="en"><![CDATA[Institutional ownership]]></kwd>
<kwd lng="en"><![CDATA[Independent board]]></kwd>
<kwd lng="en"><![CDATA[Board size]]></kwd>
<kwd lng="en"><![CDATA[Firm performance]]></kwd>
<kwd lng="en"><![CDATA[Investment opportunity set (IOS)]]></kwd>
</kwd-group>
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