Pengaruh Struktur Kepemilikan Terhadap Kinerja Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia

Abstract

This study aims to examine the effect of ownership structure on the performance of manufacturing companies listed on the Indonesia Stock Exchange period 2011- 2015. And also population in this research is all manufacturing company ever registered in Bursa Efek Indonesia period 2011-2015. The sample was taken by using purposive sampling method, and obtained 31 companies as sample in this research. Then the method used in this research use simple linear regression. In addition, the results of this study indicate that foreign ownership positively affects the company's performance (ROA). Family ownership negatively affects company performance (ROA). Managerial ownership, institutional ownership, and government ownership have no effect on company performance (ROA). While foreign ownership positively affects the company's performance (Tobin's Q). Managerial ownership and government ownership negatively affect the company's performance (Tobin's Q). Intitutional ownership and family ownership have no effect on company performance (Tobin's Q). Manufacturing companies that want to achieve optimal performance need to increase family ownership variables, managerial ownership, and government ownership and reduce foreign ownership variables. The conclusion for further research is that further research should add another independent variable that is likely to affect the company's performance.