Ma’ruf Sya'ban
Accounting Study Program, Faculty of Economics and Business, University of Muhammadiyah Surabaya

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The Influence of Ownership Structure, Corporate Governance on the Company’s Performance (Case Study of Banking Companies Listed on the Indonesia Stock Exchange in 2017-2024) Silvana Dwi Lestari; Ma’ruf Sya'ban; Fitri Nuraini
International Conference on Economics, Management, Business, and Accounting Vol 2 No 1 (2025): International Conference on Economics, Management, Business, and Accounting
Publisher : P3I UMSurabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30651/iconemba.v2i1.30483

Abstract

This study aims to analyze the impact of ownership structure and corporate governance on the performance of banking companies listed on the Indonesia Stock Exchange (IDX) from 2017 to 2024. Ownership structure is measured through managerial ownership and foreign ownership, while corporate governance is assessed using the proportion of independent board members and the presence of an audit committee. Company performance is measured using Return on Assets (ROA) as a proxy for profitability. This study employs a quantitative approach using multiple linear regression analysis. The sample consists of 30 banking companies selected through purposive sampling. The results show that, partially, managerial ownership and the audit committee have a significant effect on company performance, whereas foreign ownership and the independent board of commissioners do not show a significant effect. However, simultaneously, all four independent variables significantly influence company performance. These findings suggest that ownership structure and corporate governance mechanisms collectively impact the effectiveness of banking management in Indonesia. This study provides insights for company management, investors, and regulators to enhance governance and ownership practices in order to improve company performance.