Pengaruh Kepemilikan Saham Asing, Website Perusahaan, ESG, Dan Struktur Modal Terhadap Kinerja Perusahaan
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Abstract
Penelitian ini bertujuan untuk menganalisis pengaruh kepemilikan saham asing, website, ESG, dan struktur modal terhadap kinerja perusahaan. Studi ini menggunakan sampel 447 data perusahaan sektor non keuangan yang listing di Bursa Efek Indonesia periode 2022-2024. Metode penelitian yang digunakan yaitu kuantitatif dan mengambil data sekunder dari laporan tahunan, laporan keberlanjutan, yang dianalisis dengan regresi data panel menggunakan Eviews 13. Pemilihan model menggunakan Uji Chow, dan Uji Hausman untuk menentukan kesesuaian antara model Common Effect Model (CEM), Fixed Effect Model (FEM), dan Random Effect Model (REM) yang akan digunakan dalam penelitian ini. Selanjutnya, dilakukan Uji Asumsi Klasik yaitu melakukan Uji Multikolinearitas dan Uji Hipotesis untuk menguji validitas model. Hasil studi memaparkan jika kepemilikan saham asing dan struktur modal turut berdampak positif pada kinerja perusahaan yang diukur dengan ROE. Website, dan ESG berdampak negatif pada kinerja perusahaan. Kepemilikan saham asing berorientasi untuk meningkatkan profitabilitas perusahaan melalui standar pelaporan serta memiliki manajemen perusahaan yang baik. Kinerja perusahaan juga ditentukan oleh ESG, dan struktur modal yang menjadi sinyal bagi investor asing untuk menganalisa Return on Equity. Temuan ini memberikan wawasan bagi pemegang saham dalam mengevaluasi performa perusahaan. Diharapkan hasil dari penelitian ini dapat menyumbangkan kontribusi positif terkait pemahaman kinerja perusahaan non keuangan di Indonesia.
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