PENGARUH CORPORATE GOVERNANCE, DAN KARAKTERISTIK PERUSAHAAN TERHADAP KINERJA KEUANGAN PERUSAHAAN (Studi pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2017-2019)

Abstract

This study aims to determine the relationship between corporate governance, institutional ownership, managerial ownership, foreign ownership and company characteristics, namely company size and capital intensity on the performance of financial companies as measured by the Tobin’s Q in Indonesia. The population used in this study are manufacturing companies listed on the Indonesia Stock Exchange for the period 2017 - 2019. The sampling technique used in this study is purposive sampling technique with several criteria. The number of samples that met the sampling criteria in this study were 428 sample data.

The results of this study indicate that corporate governance has a positive influence on financial performance. Institutional ownership has a positive and significant effect, managerial ownership has a positive and insignificant effect, and foreign ownership has a positive and significant effect. The characteristics of the company, company size produces positive and significant results while capital intensity produces negative results on the company's financial performance..