PENGARUH GCG, FREE CASH FLOW, DAN OWNERSHIP STRUCTURE PADA PERUSAHAAN MANUFAKTUR

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Jerry Budiman
Linda Santioso

Abstract

This study aims to test empirically the influence of Board Size, Board Independence, Board
Meetings, Free Cash Flow, Ownership Concentration, and Managerial Ownership on
Corporate Performance in manufacturing companies listed on the Indonesia Stock
Exchange in the 2016-2019 period. The sample was selected by purposive sampling method
and the data used were 71 companies. The test method used in this study is linear
regression using the EViews 10 software. Based on the results of the research that has been
done, it can be concluded that Free Cash Flow has a positive effect on Corporate
Performance, while Board Size, Board independence, Board Meetings, Ownership
Concentration and Managerial Ownership have no influence on Corporate Performance.
The implication of this research is that large amounts of free cash flow can help improve
company performance.

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