PENGARUH STRUKTUR MODAL DAN TATA KELOLA PERUSAHAAN TERHADAP KINERJA KEUANGAN PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI

Abstract

This research aimed to examine the effect of capital structure and Good Corporate Governance on financial performance. While the capital structure was measured by Debt to Asset Ratio (DAR), Good Corporate Govermance was measured by Good Corporate Governance assessment score and financial performance as dependent variable, was measured by Earning Per Share (EPS). The research was quantitative research. Moreover, the population was manufacturing companies which were listed on Indonesia Stock Exchange during 2014-2019. Furthermore, the data collection technique used purposive sampling, in which the sample was based on criteria given. In line with, there were 9 companies with 54 observations of financial statements as the sample. Additionally, the data analysis technique used multiple regression analysis. The research result concluded tha Debt to Asset Ratio (DAR) had a negative effect on the financial performance of manufacturing companies which were listed on Indonesia Stock Exchange. On the other hand, Good Corporate Governance did not affect the financial performance of manufacturing companies which were listed on Indonesia Stock Exchange.
Keywords: capital structure, good corporate governance assessment, financial performance