Texts

PENGARUH TATA KELOLA PERUSAHAAN TERHADAP STRUKTUR MODAL, KINERJA KEUANGAN DAN KEBIJAKAN DIVIDEN, DENGAN UKURAN PERUSAHAAN SEBAGAI VARIABEL MODERASI : Studi Pada Perusahaan Properti dan Real Estate yang Tercatat pada Bursa Efek Indonesia Periode Tahun 2017-2022

---

SUMMARY

Rizal Ontorael, Doctoral Program In Administrative Science of Brawijaya
University, 2024. The Effect of Corporate Governance on Capital Structure,
Financial Performance and Dividend Policy With Firm Size as a Moderating
Variable (Studi on Property and Real Estate Companies Listed on the Indonesia
Stock Exchange 2017-2022 Period). Promoter: Muhammad Saifi, Co-promoter:
Nila Firdausi Nuzula and Zahro ZA.
Corporate governance is a system of structures and processes to direct and
control the functioning of an organization by establishing rules, procedures, and
formats for managing decisions within an organization, it determines the
distribution of rights and responsibilities among the company's stakeholders (such
as the board of directors, managers, shareholders, creditors, auditors, regulators,
and other stakeholders) and articulates rules and procedures for making decisions
about the company's affairs. the presence of good corporate governance is
absolutely necessary for an organization, given that companies need a good
governance system that can help in building shareholder trust and ensuring that all
stakeholders are treated equally. A good system will provide effective protection to
shareholders to recover their investment fairly, appropriately and efficiently, and
ensure that management acts in the best interest of the company. Therefore,
corporate governance structures can have important implications for corporate
financial policies and decisions. Numerous studies have shown that good
corporate governance practices can improve organizational performance in stable
economic conditions and provide protection against the adverse effects of financial
crises and turbulent economic situations. In contrast, companies with weak
corporate governance structures cannot guarantee sustainable wealth creation for
shareholders due to insufficient governance mechanisms to hold executives
accountable for their stewardship. And poor corporate governance is also cited as
one of the main reasons that led to the global financial crisis.
The purpose of this study is to test and analyze the effect of: 1) corporate
governance on capital structure; 2) corporate governance on financial
performance; 3) corporate governance on dividend policy; 4) capital structure on
financial performance; 5) capital structure on dividend policy; 6) financial
performance on dividend policy; 7) moderation of firm size on the effect of financial
performance on dividend policy. The novelty in this study is the moderation of
company size on the effect of financial performance on dividend policy. company
size is interesting to be used as a moderating variable because company size is
an indicator that shows the financial strength of the company, so that company size
will reflect the company's ability to generate profits reflected in financial
performance. Therefore, dividend policy is influenced by profit increase activity.
This research is an explanatory research. The unit of analysis is property and
real estate companies listed on the Indonesia Stock Exchange and the data source
comes from the annual reports and financial statements of these companies. The
xii
Indonesia Stock Exchange was chosen as the research location because the
Indonesia Stock Exchange is one of the trading places for various types of
companies in Indonesia; it provides complete information about the company's
financial data and stock prices. The data collection technique used in this research
is a documentation study, conducted by collecting secondary data from financial
reports and annual reports of property and real estate companies that have been
published. The company's audited financial statements and annual reports can be
obtained by accessing the Indonesia Stock Exchange website (www.idx.co.id) or
the website of each company. The population in this study were 84 property and
real estate companies listed on the Indonesia Stock Exchange from 2017 to 2022.
The sampling of this study was carried out using purposive sampling method,
namely the formation of samples from a population based on certain criteria. Based
on these criteria, 26 samples were selected. The total sample of 26 property and
real estate companies multiplied by 6 years of observation resulted in 156
observations using research instruments in the form of secondary data. The
analysis method in this research is PLS with the Warp-PLS approach.
The results showed that 1) corporate governance that has a significant effect
on the direction of the negative relationship to the capital structure; 2) corporate
governance which has no significant effect with a positive direction of the financial
performance; 3) corporate governance which has no significant effect with a
negative direction of the dividend policy; 4) capital structure which has a significant
effect on a negative relationship to the financial performance; 5) capital structure
which has a significant effect on a negative relationship to the dividend policy; 6)
financial performance has a significant effect on the direction of a positive
relationship to dividend policy; 7) moderation of firm size on the relationship
between financial performance and dividend policy has a significant effect on the
direction of the positive relationship. The findings of this study make a contribution
related to the scope of financial management in the form of a significant moderating
effect of firm size on the relationship between financial performance and dividend
policy

---

Ketersediaan

20246

DIS 658,15 ONT p 2024 K1

Fadel Muhammad Resource Center (Ilmu Terapan)

Tersedia namun tidak untuk dipinjamkan - No Loan

Informasi Detail

Judul Seri

-

No. Panggil

DIS 658,15 ONT p 2024 K1

Penerbit

Malang : Program Doktor Ilmu Administrasi Bisnis Fakultas Ilmu Administrasi Universitas Brawijaya., 2024

Deskripsi Fisik

xx, 334 Halaman ; Ilus : 29,5 Cm

Bahasa

Indonesia

ISBN/ISSN

-

Klasifikasi

658,15

Tipe Isi

text

Tipe Media

-

Tipe Pembawa

-

Edisi

-

Subjek

Disertasi / Doctoral Thesis

Info Detail Spesifik

-

Pernyataan Tanggungjawab

Rizal Ontorael

Versi lain/terkait

Lampiran Berkas

Komentar

---

Anda harus masuk sebelum memberikan komentar