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Training and Development Policy, Corporate Governance, and Firm Performance

Gadjah Mada International Journal of Business (GamaIJB) · Vol. 20 No. 1 (2018) · pp. 59–87

DOI
10.22146/gamaijb.12995
ISSN
2338-7238, 1411-1128
Published
2018-04-27
Publisher
Master in Management, Faculty of Economics and Business, Universitas Gadjah Mada
Language
eng
License
creativecommons.org/licenses/by-sa/4.0

Abstract

This research investigates the role of corporate governance as a moderator between firms’ performance and their Training and Development Policy (TDP). Research data were taken from the US, Brazil, Russia, India, China and Indonesia from 2007 to 2013. This research found that the TDP is important for enhancing firm performance. Also, the role of the training and development policy impacted each firm’s performance differently, according to the level of corporate governance of that firm. The moderating effect of corporate governance reveals that better governance of a firm may have an influence on its TDP policy, which would lead to better firm performance. Overall, the results are consistent with the conjecture that corporate governance influences the firm’s performance and training and development policy, suggesting that the training and development policy’s success depends on the corporate governance level of the firm. Hence, this research contributes to two big theories: the knowledge transfer theory and the human capital theory, where the research findings show a confirmation of the two theories application in this research context.

Keywords

Collaboration network of the authors

5 authors · 6 co-authorship links · 5 across different organisations

Hover or tap a name to highlight its co-authors. Double-click to open the author's page.

  • Universiti Sains Malaysia
  • Universiti Malaysia Sarawak
  • Petra Christian University
  • Tunku Abdul Rahman University of Management and Technology
  • Different organisations
  • Same organisation
  • Affiliation unknown
  • Thicker line = more joint articles · bigger circle = more articles
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Co-authorOrganisationJoint articles
Chee‐Wooi HooyUniversiti Sains Malaysia1
Zamri AhmadUniversiti Sains Malaysia1

Affiliations come from OpenAlex; journal OAI-PMH metadata carries none. Authors without an OpenAlex ID are matched by name, which can merge or split people.

Metadata source: OAI-PMH (metadata jurnal) https://journal.ugm.ac.id/gamaijb/oai, first harvested 28 Okt 2026, last seen 28 Okt 2026.
Original metadata (oai_dc) 
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	<dc:title xml:lang="en-US">Training and Development Policy, Corporate Governance, and Firm Performance</dc:title>
	<dc:creator>Brahmana, Rayenda Khresna</dc:creator>
	<dc:creator>Brahmana, Ritzky Karina</dc:creator>
	<dc:creator>Ho, Theresa Char Fei</dc:creator>
	<dc:subject xml:lang="en-US">Training; Corporate Governance; Finance; Firm Performance</dc:subject>
	<dc:subject xml:lang="en-US"></dc:subject>
	<dc:subject xml:lang="en-US">M53, P34, P46</dc:subject>
	<dc:description xml:lang="en-US">This research investigates the role of corporate governance as a moderator between firms’ performance and their Training and Development Policy (TDP). Research data were taken from the US, Brazil, Russia, India, China and Indonesia from 2007 to 2013.   This research found that the TDP is important for enhancing firm performance. Also, the role of the training and development policy impacted each firm’s performance differently, according to the level of corporate governance of that firm. The moderating effect of corporate governance reveals that better governance of a firm may have an influence on its TDP policy, which would lead to better firm performance. Overall, the results are consistent with the conjecture that corporate governance influences the firm’s performance and training and development policy, suggesting that the training and development policy’s success depends on the corporate governance level of the firm. Hence, this research contributes to two big theories: the knowledge transfer theory and the human capital theory, where the research findings show a confirmation of the two theories application in this research context.</dc:description>
	<dc:publisher xml:lang="en-US">Master in Management, Faculty of Economics and Business, Universitas Gadjah Mada</dc:publisher>
	<dc:contributor xml:lang="en-US"></dc:contributor>
	<dc:date>2018-04-27</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
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	<dc:type xml:lang="en-US">Peer-reviewed Article</dc:type>
	<dc:format>application/pdf</dc:format>
	<dc:identifier>https://journal.ugm.ac.id/gamaijb/article/view/12995</dc:identifier>
	<dc:identifier>10.22146/gamaijb.12995</dc:identifier>
	<dc:source xml:lang="en-US">Gadjah Mada International Journal of Business; Vol 20, No 1 (2018): January-April; 59-87</dc:source>
	<dc:source>2338-7238</dc:source>
	<dc:source>1411-1128</dc:source>
	<dc:language>eng</dc:language>
	<dc:relation>https://journal.ugm.ac.id/gamaijb/article/view/12995/20862</dc:relation>
	<dc:rights xml:lang="en-US">Copyright (c) 2018 Gadjah Mada International Journal of Business</dc:rights>
	<dc:rights xml:lang="en-US">http://creativecommons.org/licenses/by-sa/4.0</dc:rights>
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