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

Abstract

This research aimed to examine the effect of capital structure, managerial ownership, and firm size on companies’ performance. While capital structure was measured by Debt to Asset Ratio (DAR) and Debt to Equity Ratio (DER), managerial ownership was measured by stock amount owned by management shared with its amount which multiplied by 100%, firm size was measured by Size (Ln), and companies’ performance was measured by Return On Equity (ROE). The research was quantitative. Moreover, the population was Textile and Garment companies which were listed on Indonesia Stock Exchange 2015-2019. Furthermore, the data collection technique used purposive sampling,. In line with, there were 6 samples from 19 companies. Additionally, the data analysis technique used multiple linear regression with SPSS 20. The research result concluded that Debt to Asset Ratio and managerial ownership had a positive and significant effect on Return On Equity. On the other hand, Debt to Equity Ratio and firm size did not affect Return On Equity.
Keywords: capital structure, managerial ownership, firm size, companies performance