PENGARUH STRUKTUR MODAL, KEPEMILIKAN, DAN UKURAN PERUSAHAAN TERHADAP KINERJA PERUSAHAAN

Abstract

This research aimed to examine the effect of capital structure, stock ownership, and firm size on the employees’
performance. The capital structure was measured with Debt to Equity Ratio (DER), and the company’s
performance was measured by the market performance ratio of Tobin’s Q. Referring to the Good Corporate
Governance (GCG) mechanism, this research used institutional ownership and managerial ownership. This
research was a quantitative approach with the population used property and real estate companies listed on
Indonesia Stock Exchange (IDX) in 2017-2020. Furthermore, the sample determination used purposive sampling
with determining criteria there were 19 companies as a sample. Moreover, the research data analysis method used
multiple linear regression analysis techniques with the instrument of statistical Product and Service Solutions
(SPSS) 25 version. The research result showed that capital structure had a positive effect on the company’s
performance. On the other hand, the capital structure had to affect the company's performance if the capital
structure was at the optimal point. Meanwhile, institutional ownership, managerial ownership, and firm size did
not affect the company’s performance.