PENGARUH KEPUTUSAN KEUANGAN PERUSAHAAN TERHADAP KINERJA DENGAN AGENCY COST SEBAGAI VARIABEL INTERVENING (Studi Kasus Pada Perusahaan yang Terdaftar Pada JII Periode 2012-2017)
| Main Author: | NURIYATUL MA’SHUMAH, 1520311060 |
|---|---|
| Format: | Thesis NonPeerReviewed Book |
| Bahasa: | ind |
| Terbitan: |
, 2020
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| Subjects: | |
| Online Access: |
https://digilib.uin-suka.ac.id/id/eprint/42450/1/1520311060_BAB-I_IV-atau-V_DAFTAR-PUSTAKA.pdf https://digilib.uin-suka.ac.id/id/eprint/42450/2/1520311060_BAB-II_sampai_SEBELUM-BAB-TERAKHIR.pdf https://digilib.uin-suka.ac.id/id/eprint/42450/ |
Daftar Isi:
- When company rules by agent, designated by principal, then we can understand that purpose of this ownership is to control the manager's efforts and to maximize the manager's efforts to achieve company profits. However, this ownership also creates agency costs. The existence of agency cost is assumed to affect the performance of a company. Based on agency theory, agency cost arises because of the opportunistic nature of managers. This causes the possibility of decisions made by management to affect company performance. This research investigates the effect of a firm’s financial decision on a firm's performance, with agency cost as the intervening variable. This research uses a sample of the company listed on the Jakarta Islamic Index, from 2012-2017, and also has insider ownership. Using the Chow test and Path analysis, it explains that financial decision has a positive and significant relation to agency cost and to the firm’s performance. Also, while agency cost has negative significant relations with a firm’s performance, the existence of agency costs as the intervening variable between financial decisions and firm’s performance is unnecessary, as it can’t mediate between both variables.