PENGARUH STRUKTUR MODAL DAN GOOD CORPORATE GOVERNANCE TERHADAP KINERJA KEUANGAN PERUSAHAAN

Abstract

The research aimed to examine the effect of capitak structure and Good Corporate Governance on the financial performance. Wihtin agency theory, a problem may arise because there was information asymmetric between stakeholder and management. At this point, the managemnt considered more its wealth and ignored the stakeholder’s interest. The research was quantitative. While, the population was consumption goods manufacturing companies which were listed on Indonesia Stock Exchange 2015-2017. Moreover, there were two variables, namely independent and dependent. The independent variables were consist of capital structur, indpendent commisioner board proportion, institusional and managerial ownership. Meanwhile, the data analysis technique used multiple linear regression with SPSS 23. The research result concluded capital sturctue, independent commisioner board proportion, and institusional ownership had positive effect on the company financial performance. On the other hand, managerial ownership did not affect the company financial performance.
Keywords: capital structur, indpendent commisioner board proportion, institusional and managerial ownership, company financial performance