PENGARUH STRUKTUR MODAL DAN STRUKTUR KEPEMILIKAN TERHADAP KINERJA PERUSAHAAN DENGAN CORPORATE GOVERNANCE SEBAGAI VARIABEL MODERASI

PENGARUH STRUKTUR MODAL DAN STRUKTUR KEPEMILIKAN TERHADAP KINERJA PERUSAHAAN DENGAN CORPORATE GOVERNANCE SEBAGAI VARIABEL MODERASI

capital structure, ownership structure, foreign ownership, family ownership, corporate governance, company performance.

This study aims to examine the effect of capital structure and ownership on company performance
with moderation of corporate governance in trade, service and investment sector companies in 2016-
2019. The research data was obtained from the Indonesian Capital Market Directory (ICMD) and the
annual financial reports listed on the Indonesia Stock Exchange. The total sample obtained based on the purposive sampling method was 76 samples and tested using the Eviews 9 analysis tool. The
analysis technique used panel data regression analysis and Moderated Regression Analysis (MRA). Capital structure and corporate governance as proxied by the role of independent commissioners are proven to improve company performance. The implication of this research is to provide empirical evidence regarding the role of corporate governance in moderating capital structure and ownership structure on company performance. The use of debt in the capital structure can have a positive influence on the company's performance. So the applied implication for the company is that it can increase debt in its capital structure by taking into account the optimal point. In addition, companies can optimize the role of independent commissioners as corporate governance to improve supervision within the company so as to improve company performance.

Maretha Kris Dwi Anggreni, Robiyanto

DOI : http://dx.doi.org/10.26418/jebik.v10i2.45162

Univ. Tanjungpura

29-08-2021

Sri Wahyuni

P-ISSN : 2087-9954, E-ISSN : 2550-0066

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Indonesian

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Jurnal Ekonomi Bisnis dan Kewirausahaan (JEBIK) Univ. Tanjungpura 2021