PENGARUH GCG, KEBIJAKAN DIVIDEN, FCF, LEVERAGE , DAN PERTUMBUHAN ASET TERHADAP KINERJA PERUSAHAAN

Abstract

This research aimed to find out and examine the effect of good corporate governance, deviden policy, free cash flow, leverage, and asset growth on firm performance of LQ-45 companies which were listed on Indonesia Stock Exchange. The data collection technique used purposive sampling. Moreover, the population was LQ-45 companies during 2015-2019. Furthermore, there were 16 companies as the sample. Additionally, the data analysis technique used multiple linear regression. The research resuld concluded that free cash flow was kind of free cash flow which companies had after their operational and funding during certain periods. On the other hand, managerial ownership did not affect firm performance. Likewise, institutional ownership did not affect firm performance. Similarly, independent commissioner boards as well as dividend policy did not affect firm performance. In contrast, leverage had a negative effect on firm performance, It meant, funding which used debt had a bigger proportion of financial risks, i.e.the decline of companies profit. Likewise, asset growth had a negative effect on firm performance. As a consequence it did not affect the performance.
Keywords: good corporate governance, dividend policy, free cash flow, leverage, firm performance