THE EFFECT OF LEVERAGE, BOARD GENDER DIVERSITY AND OWNERSHIP STRUCTURE ON FIRM PERFORMANCE IN MANUFACTURING SECTOR COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE (IDX) PERIOD 2016-2020

Abstract

This study aims to determine the effect of leverage, board gender diversity, foreign ownership, and family ownership on firm performance in the Manufacturing Sector Listed on the Indonesia Stock Exchange (IDX) for the 2016-2020 Period. The independent variables used in this study are leverage, board gender diversity, foreign ownership, and family ownership. The dependent variable used in this study is firm performance as measured by Return On Assets (ROA), and Tobin's Q. The control variables used in this study are frim size and liquidity. The data used as samples in this study are annual reports and financial reports of manufacturing companies listed on the IDX for the 2016-2020 period. The sampling method used in this study was purposive sampling technique. The model used in this study is panel data with a fixed effect model and random effect model approach. The results showed that Leverage has a negative and significant effect on each proxy of firm performance, namely ROA and Tobin's Q. Board gender diversity has a negative and significant effect on the firm performance proxy, namely ROA. Family ownership has a negative and significant effect on the proxy of firm performance, namely ROA.