Willyanto, Patrick and Marciano, Deddy and Siswantoyo, Didik (2019) The Impact of Corporate Governance on Firm’s Performance with Capital Structure as an Intervening Variable. In: Proceedings of the 5th Annual International Conference on Management Research (AICMaR 2018), 8-9 August 2018, Manado.
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Abstract
This study aims to analyze the effect of corporate governance towards financial performance using return on assets (ROA) with capital structure (C) as an intervening variable in the manufacturing industry which were listed in Indonesia Stock Exchange (BEI) from 2012 to 2016. The number of final samples exercised were 68 entities with 340 observations and the multiple regression is opted for assessing the dependent and independent variables. Based on the models, there are two findings, where the first finding suggests that ownership concentration (OWNCON) and independent director (DIRIND) variables have negative effect towards Long-Term Debt (LTD) while board of director size (BSIZE) has positive impact on the LTD. Further, director ownership (DIROWN), business size (BSIZE), risk, and growth variables do not attest the correlation with LTD. The second finding manifests that LTD variable has negative impact on ROA, however, liquidity (LIQ) and AGE variables are positively correlated with ROA. The authors have the belief that by including more independent variables or secondary data in the future research will affect the research finding.
| Item Type: | Conference or Workshop Item (Paper) |
|---|---|
| Uncontrolled Keywords: | corporate governance, capital structure, firm performance |
| Subjects: | H Social Sciences > HG Finance |
| Divisions: | Faculty of Business and Economic > Department of Management |
| Depositing User: | Deddy Marciano 3372 |
| Date Deposited: | 08 Feb 2019 05:35 |
| Last Modified: | 26 Sep 2024 07:15 |
| URI: | http://repository.ubaya.ac.id/id/eprint/34314 |
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