Pengaruh Struktur Kepemilikan terhadap Kinerja Keuangan Perusahaan Sektor Manufaktur dengan Kebijakan Hutang sebagai Variabel Mediasi
Daftar Isi:
- The purpose of this research is to examine the influence of managerial ownership, institutional ownership, and foreign ownership on the financial performance with debt policies as a mediation variable. The population in this study are manufacturing companies listed on the Indonesia Stock Exchange in 2013-2019. This research used quantitative approach. The data collection technique used in this research was documentation method that is by collecting data from the complete financial statements that have been published by the company through the official website of the Indonesia Stock Exchange (IDX) www.idx.co.id. This sample in this study was determined by purposive sampling method with 33 company sample. The analytical method used are multiple regression analysis and path analysis aided by SPSS software version 25. The result of the study showed that simultaneously managerial ownership, institutional ownership, and foreign ownership have a significant effect on the financial performance. Partially managerial ownership has a positive significant effect on ROA and has no significant effect on ROE. Partially institutional ownership has no significant effect on ROA and ROE. Partially foreign ownership has a positive significant effect on ROA and ROE. Managerial ownership does not affect ROA and ROE through debt policy. Keywords : managerial ownership, institutional ownership, foreign ownership, debt policy, financial performance.