PENGARUH MEKANISME CORPORATE GOVERNANCE DAN STRUKTUR KEPEMILIKAN TERHADAP KINERJA KEUANGAN PERUSAHAAN

Abstract

This research aimed to test the effect of the mechanism of corporate governance and ownership structure on the company’s financial performance. The corporate governance mechanism was measured by the board of directors and board of independent commissionaire, the structure of ownership was measured by institutional ownership and managerial ownership, while the company’s financial performance was measured by Return On Assets (ROA). This research used the quantitative method. Meanwhile, the research sample used a purposive sampling method i.e., sample selection with determining criteria, it obtained 24 companies in Food and beverages industry listed on Indonesia Stock Exchange (IDX) in the 2016-2020 periods. Moreover, the research analysis method used multiple linear regression analysis with SPSS program 16 versions. The research result showed that board of directors had a positive effect on the financial performance, board of independent commissionaire did not affect the companys’ firm value, the institutional ownership had a positive effect on the company’s financial performance, meanwhile, managerial ownership had a negatively affected the company’s financial performance at food and beverage industry listed on Indonesia Stock Exchange (IDX) in 2016-2020 periods.
Keywords: mechanism of corporate governance, ownership structural, company’s financial performance