Article Per Year (5 Year)
p-Index From 2021 - 2026
0.23
P-Index
This Author published in this journals
All Journal Jurnal Ilmiah Akuntansi dan Finansial Indonesia
Nawirah
Universitas Islam Negeri Maulana Malik Ibrahim Malang
Economics, Econometrics & Finance

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
Pengaruh Kepemilikan Manajerial, Kepemilikan Institusional, dan Struktur Modal terhadap Kinerja Keuangan dengan Ukuran Perusahaan sebagai variabel moderasi Fii 'Aisy Firdausi; Nawirah
urn:nbn:id:umrah-jafi.v9i1.2025.001jiafi.v9i2
Publisher : Prodi Akuntansi FEBM Universitas Maritim Raja Ali Haji

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31629/c8dyhn90

Abstract

This research examines the factors that impact financial results in Indonesian property and real estate companies which operate under changing monetary policies and increasing financing expenses between 2022 and 2024. The sector needs to evaluate its governance and financing systems because Return on Equity (ROE) has shown inconsistent growth patterns. The research measures how managerial ownership, institutional ownership, and capital structure affect financial performance, with firm size acting as a moderating variable. This study applies panel data from 38 companies, resulting in 144 observations selected through non-probability sampling. Secondary data were obtained from annual reports and analyzed using panel data regression with a random-effects model. The findings indicate that capital structure has a positive and significant effect on ROE, while managerial and institutional ownership do not significantly influence financial performance. Firm size does not moderate the relationship between ownership structure and ROE, but it weakens the effect of capital structure on financial performance. The results suggest that debt policy plays a more important role than ownership structure in improving company performance, particularly in capital-intensive industries, and support agency theory regarding the disciplinary role of debt.
Co-Authors Fii 'Aisy Firdausi