CHABACHIB, Mochammad and IRAWAN, Bahrain Pasha and HERSUGONDO, Hersugondo and HIDAYAT, Riskin and PAMUNGKAS, Imang Dapit (2020) Corporate Governance, Firm Performance and Capital Structure: Evidence F rom Indonesia. Research in World Economy, 11 (1). pp. 48-55. ISSN 1923-3981

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Abstract

This study aims to examine the good corporate governance which is proxied with managerial ownership, the
proportion of independent board of commissioners, the size of the board of directors and institutional ownership of
corporate performance through c apital structure. The sample is a non financial corporation listed on the Indonesia
Stock Exchange in 2018 and obtained the number of samples as many as 120. The analysis tool uses a path analysis.
The results show that managerial ownership, the proportion of board of commissioners, and the size of the board of
directors have a significant positive effect on the company performance. Meanwhile, an institutional ownership has a
significant negative effect on the company performance. The result also finds that capital structure can mediate the
effect of managerial ownership, the proportion of independent board of commissioners and the size of the board of
directors on the company performance company. However, it cannot mediate the influence of institutional own ership
on the company performance.

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