Abstract
This study was conducted to examine the effect of the existence of female directors and CEOs on the top level management on SOE and NSOE companies. The sample used in this study is a company engaged in the field of property, real estate and development which is listed on the Indonesian Stock Exchange (IDX) with the 2016-2018 research year. There are 37 companies listed on the IDX that are used as research samples. The research method used is multiple regression with OLS (ordinary least square) method. The company value intended in this study is Tobin's Q. The results show that female directors (FDirectors) have a positive and significant effect on firm value, as well as female CEO (FCEO). The results also show that FDirectors and FCEO have a more significant influence on Non-SOE companies compared to SOE companies. The implication of this research is for financial managers to pay attention to non-financial aspects that can affect the value of the company and the government can provide proportional quotas to overcome gender diversity. The originality of this research is that this study measures the SOE and Non-SOE companies.
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