Pengaruh Konsentrasi Kepemilikan terhadap Kinerja Perusahaan
DOI:
https://doi.org/10.24246/persi.v7i1.p1-16Keywords:
Company Performance, ROAAbstract
This study aims to prove the effect of ownership concentration on company performance. Company performance is measured by using Return on Assets (ROA). Meanwhile, ownership concentration is measured by the largest share ownership percentage (TOP 1). This study also conducted a robustness test using the percentage of family ownership and the percentage of institutional ownership as a measure of ownership concentration. The population in this study consisted of all manufacturing companies listed on the Indonesia Stock Exchange for the 2016-2020 period. The sample was determined by purposive sampling technique and the results gain were 430 research sample data. Multiple Linear Regression method is used in analyzing the hypothesis. The results of this study showed that the concentration of ownership has a positive effect on company performance. Robustness test using the percentage of family ownership and the percentage of institutional ownership as a measure of concentration of ownership showed consistent results and supports the main test.
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