THE EFFECT OF INDEPENDENT BOARD OF COMMISSIONERS, MANAGERIAL OWNERSHIP, AND INSTITUTIONAL OWNERSHIP ON THE PERFORMANCE OF MANUFACTURING COMPANIES LISTED ON THE IDX 2018-2020

Abstract

This study aims to analyze the influence of the Independent Board of Commissioners (DKI), Managerial Ownership (KM), and Institutional Ownership (KI) on the Performance of Manufacturing Companies Listed on the IDX for the 2018-2020 Period. This study used purposive sampling to collect population data from the financial statements of Manufacturing Companies listed on the Indonesia Stock Exchange for the 2018-2020 period of 60 companies. Data analysis using descriptive statistics, classical assumption tests, multiple regression analysis, hypothesis testing and determination analysis (R2 ). The results showed that partially the Board of Independent Commissioners (DKI), and Institutional Ownership (KI) affected the Company's Performance and the Managerial Ownership (KM) variable had no effect. Meanwhile, simultaneously variabel Independent Board of Commissioners (DKI), Managerial Ownership (KM), and Institutional Ownership (KI) affect the Performance of Manufaktu Companyr. Based on the results of the value of 25.3% of the coefisein determination (R2 ).