Pengaruh Komisaris Independen, Kepemilikan Institusional, dan Komite Audit Terhadap Kinerja Keuangan pada Perusahaan Manufaktur di Indonesia
DOI:
https://doi.org/10.35870/jemsi.v12i5.7754Keywords:
Independent Commissioner, Institutional Ownership, Audit Committee, Financial PerformanceAbstract
The problem in this study is related to the financial performance of manufacturing companies which are still experiencing fluctuations. This study aims to determine the influence of independent commissioners, institutional ownership, and audit committees on financial performance. The research was conducted on manufacturing companies listed on the Indonesia Stock Exchange for the 2022–2024 period. The population in this study was 228 companies with sampling techniques using the purposive sampling method. Based on the criteria that have been set, a final sample of 95 companies was obtained. The data used in this study is secondary data obtained from the company's financial statements and annual reports through the official website of the Indonesia Stock Exchange (www.idx.co.id) and the website of each company. The data analysis techniques used include multiple linear regression analysis and Moderated Regression Analysis (MRA). The results of the study show that independent commissioners have an effect on financial performance. This indicates that the role of independent commissioners in supervising policies taken by management is able to improve financial performance. Second, institutional ownership affects financial performance. This indicates that the capital invested by institutional ownership in the company, in general, managers are able to leverage the assets/capital entrusted from institutional ownership. Third, the audit committee has not been able to improve financial performance. This indicates that the audit committee is only a fulfillment of company regulations so that it has not been able to improve financial performance.
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