PENGARUH OWNERSHIP STRUCTURE, INTELLECTUAL CAPITAL, DAN WORKING CAPITAL MANAGEMENT TERHADAP FIRM PERFORMANCE

Main Article Content

Ranty Novilia
Ardiansyah Rasyid

Abstract

This research aims to obtain empirical evidence regarding the influence of ownership
structure, board size, intellectual capital, and working capital management on firm
performance in manufacturing companies listed on the Indonesia Stock Exchange during
2016-2018. The sample was selected by purposive sampling method and valid data were
105 samples consisting of 35 companies. The data processing technique uses multiple
regression analysis which helped by Eviews 11 and Microsoft Excel 2013 program. The
results of this study indicate that intellectual capital has a significant effect on company
performance, while ownership structure, board size, and working capital management
show insignificant results. The implication of this research is to prove that managerial,
institutional, firm resources and working capital management are factors that influence
firm performance so that it is expected to provide an overview of a company for investors
in making investment decisions.

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