CD Skripsi
Peran Good Corporate Governance Dalam Memoderasi Pengaruh Family Ownership Terhadap Kinerja Perusahaan Dan Struktur Modal Pada Perusahaan Keluarga Nonkeuangan Yang Listing Di Bursa Efek Indonesia Periode 2016-2018
Family firms have unique characteristics that are different from firms in
general. The uniqueness of these characteristics makes the family firms have
management and performance different from the company at large. This study
aims to examine the performance of family ownership and capital structure by
implementing a good corporate governance mechanism in firm management. This
study analyses 68 non-financial families owned firms from the Indonesia Stock
Exchange from the 2016 to 2018 period. This study also uses indicators of good
corporate governance published by the Forum for Corporate Governance in
Indonesia. This study adopts the Structural Equation Modelling-Partial Least
Square analysis method. The results indicate that there is a positive influence
between family ownership on firm performance.
Further, this study revealed a negative influence between family
ownership on capital structure and a positive influence between good corporate
governance and firm performance. However, there is an indication that there is
no influence between good corporate governance on capital structure. Good
corporate governance weakens either the positive effect of family ownership on
firm performance or negative influence on family ownership on capital structure.
Keywords: Family ownership, Firm Performance, Capital Structure, Good
Corporate Governance.
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