Supervisory board and Indonesia's company internationalisation

This study aims to examine the role of supervisory board on internationalisation of Indonesia's listed companies. Based on the agency theory, supervisory board may improve the international company performance through company oversight. Specifically, this study investigates the effect of supervisory board composition, size, and expertise on international performance. The sample of this study is 61 manufacturing listed companies from 2012-2016 periods. The result shows that supervisory board composition has a positive and significant relationship with the company internationalisation. While, supervisory board size and expertise have no effect on company internationalisation. In addition, the company age and leverage also contribute to the internationalisation of companies.