Proceedings of the 16th International Symposium on Management (INSYMA 2019)

The effect of good corporate governance on capital structure in financial sector firms listed on the Indonesia stock exchange over the period of 2012-2016

Authors
Gladys Vashella Kumalasari, Werner R. Murhadi, Liliana Inggrit Wijaya
Corresponding Author
Liliana Inggrit Wijaya
Available Online March 2019.
DOI
10.2991/insyma-19.2019.13How to use a DOI?
Keywords
managerial ownership, institutional investor, capital structure
Abstract

The purpose of this study is to examine the effect of board size, managerial ownership, institutional investors, profitability, size, and growth as the independent variables on the capital structure of all non-financial companies listed on the Indonesia Stock Exchange. This study used a quantitative perspective with linear regression and panel data models with a number of research observations of 1,625, consisting of 325 companies listed on the Indonesia Stock Exchange over the period of 2012-2016. The results of the study prove that managerial ownership, profitability, and size had a significant negative effect on capital structure. Whereas growth had a significant positive effect on the capital structure and board size and institutional investors had no significant effect on capital structure (debt ratio).

Copyright
© 2019, 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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Volume Title
Proceedings of the 16th International Symposium on Management (INSYMA 2019)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
March 2019
ISBN
978-94-6252-694-5
ISSN
2352-5398
DOI
10.2991/insyma-19.2019.13How to use a DOI?
Copyright
© 2019, 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/).

Cite this article

TY  - CONF
AU  - Gladys Vashella Kumalasari
AU  - Werner R. Murhadi
AU  - Liliana Inggrit Wijaya
PY  - 2019/03
DA  - 2019/03
TI  - The effect of good corporate governance on capital structure in financial sector firms listed on the Indonesia stock exchange over the period of 2012-2016
BT  - Proceedings of the 16th International Symposium on Management (INSYMA 2019)
PB  - Atlantis Press
SP  - 48
EP  - 51
SN  - 2352-5398
UR  - https://doi.org/10.2991/insyma-19.2019.13
DO  - 10.2991/insyma-19.2019.13
ID  - Kumalasari2019/03
ER  -