Factors That Affect the Financial Performance of Family-Owned Manufacturing Companies Listed in Indonesia Stock Exchange

DOI

10.2991/aebmr.k.210507.037How to use a DOI?

Keywords

Good Corporate Governance (GCG), Net Working Capital Turnover, Financial Performance

Abstract

This study aimed to obtain the empirical evidence about the effect of Good Corporate Governance (GCG) on financial performance with Net Working-Capital Turnover as a mediating variable among family-owned manufacturing companies listed in Indonesia Stock Exchange in the period of 2016 - 2018. This study used the purposive-sampling method with a total sample consisting of 93 data. The software used for data processing technique is bootstrapping with Smart PLS 3.0. The result indicates that Good Corporate Governance does not affect Net Working-Capital Turnover. The results also indicate that Institutional Ownership, the Board of Commissioners, and Committees positively influence Financial Performance. This study also shows that the General Meeting of Shareholders and Net Working-Capital Turnover does not affect Financial Performance.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Henryanto Wijaya
AU  - Alvin
AU  - Hadi Cahyadi
PY  - 2021
DA  - 2021/05/09
TI  - Factors That Affect the Financial Performance of Family-Owned Manufacturing Companies Listed in Indonesia Stock Exchange
BT  - Proceedings of the Ninth International Conference on Entrepreneurship and Business Management (ICEBM 2020)
PB  - Atlantis Press
SP  - 244
EP  - 249
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210507.037
DO  - 10.2991/aebmr.k.210507.037
ID  - Wijaya2021
ER  -