Struktur Dewan, Struktur Kepemilikan dan Kinerja Korporat: Kasus pada Indek Kompas 100

Abstract

This study aims to examine the effect of board structure and ownership structure on corporate performance. Corporate performance is measured by return on assets (ROA), the board structure consists of the size of the board of directors, the size of the board of commissioners and the frequency of board meetings. While the ownership structure is proxied by managerial ownership and institutional ownership. The population in this study were all companies listed in the Kompas 100 index, with a sample of 23 companies. The observation period is five years (2017-2021). To test the hypothesis used multiple regression analysis with a significance level of 5%.. The results of the study show that the size of the board of directors has a positive and significant effect on corporate performance, while the size of the board of commissioners has a significant but negative effect on corporate performance, while the frequency of board meetings has no effect on corporate performance. Other results, managerial ownership has a significant and negative effect on company performance, while institutional ownership has no effect on corporate performance.