Pengaruh Kepemilikan Asing, Kepemilikan Keluarga, dan Kepemilikan Institusional Terhadap Kinerja Perusahaan (ROE) Pada Bursa Efek Indonesia (BEI) Sektor Teknologi

Ilmadira Izni R (Bogor)
Yoyok Priyo Hutomo (Universitas Djuanda)
Saepul Anwar (Universitas Djuanda)

Jurnal Ilmiah Raflesia Akuntansi
Vol 12 No 2 (2026): Jurnal Ilmiah Raflesia Akuntansi

Company performance is an important indicator used by investors and stakeholders to evaluate the effectiveness of corporate management in generating profits. One of the most widely used profitability indicators is Return on Equity (ROE), which reflects the company's ability to generate net income from shareholders' equity. The ownership structure is considered one of the corporate governance mechanisms that may influence company performance through monitoring and controlling managerial decisions. This study aimed to examine the effect of foreign ownership, family ownership, and institutional ownership on company performance as measured by Return on Equity (ROE) in technology sector companies listed on the Indonesia Stock Exchange (IDX) during the 2019-2024 period. This research employed a quantitative approach using secondary data obtained from the annual reports of technology companies listed on the Indonesia Stock Exchange. The sampling technique used was purposive sampling, resulting in 11 companies with a total of 66 observations. Data were analyzed using descriptive statistics, classical assumption tests, multiple linear regression analysis, partial hypothesis testing (t-test), simultaneous hypothesis testing (F-test), and coefficient of determination (R²) with the assistance of SPSS version 26. The findings revealed that foreign ownership had a positive and significant effect on company performance, family ownership did not have a significant effect on company performance, and institutional ownership had a positive and significant effect on company performance. Simultaneously, foreign ownership, family ownership, and institutional ownership significantly affected company performance. These findings indicate that ownership structure plays an important role in improving corporate performance, particularly through effective monitoring mechanisms and better corporate governance practices. The study contributes empirical evidence regarding the relationship between ownership structure and company performance in Indonesia's technology sector and provides useful information for investors, company management, and future researchers.