Pengaruh Struktur Modal dan Good Corporate Governance Terhadap Kinerja Keuangan Dengan Ukuran Perusahaan Sebagai Variabel Moderating pada Perusahaan Manufaktur Subsektor Industri Otomotif yang Terdaftar di BEI

Abstract

This research aims to determine and analyze capital structure and good corporate governance on financial performance with company size as a moderating variable in automotive companies. The type of data used in this research is quantitative descriptive-based research. This research was carried out by taking data published by the Indonesian Stock Exchange via internet media, namely, the official website, from 2020 to 2022. The Indonesian Stock Exchange can be accessed at the website www.idx.co.id. The results in this study found that (1) the Debt to Equity Ratio variable partially has a negative and significant effect on Return on Assets. (2) The managerial ownership variable partially has a positive and insignificant effect on return on assets. (3) The Size variable is able to moderate the Debt to Equity Ratio variable on Return on Assets with a beta coefficient value of 0.059 and a significance value of 0.023 < 0.05. (4) The variable Size_ Managerial ownership partially has a positive and significant effect on return on assets; the beta coefficient value is 0.016, and the significance value is 0.016 < 0.05. (5) The Debt to Equity Ratio and Managerial Ownership variables simultaneously have no significant effect on Return on Assets with a significance value of 0.051 > 0.05.