2013-2018 Financial Data of ROA, ROE, Director, Commissioners, and Debt

Published: 21 October 2020| Version 1 | DOI: 10.17632/hcw693fczw.1
Contributors:
Gabby Markus Angkasajaya,
Putu Anom Mahadwartha

Description

This study aims to analyze the effect of capital structure on corporate financial performance as moderated by corporate governance. Financial performance in this study is proxied by ROA, ROE, and Tobin's Q. There are several previous studies that show different results, as well as the development using moderating variables in this study. This study uses a quantitative approach with multiple linear regression research models. The sample used in this study is a non-financial company belonging to the LQ-45 which is listed on the IDX in 2013-2018. The total number of samples used in this study were 282 data. The results of this study indicate that short-term debt to total assets has a negative effect on financial performance (ROA, ROE, and Tobin's Q). Long-term debt to total assets has no effect on ROA, but has a positive effect on ROE and Tobin's Q. The number of boards of directors does not moderate the effect of short-term debt to total assets on ROA and ROE. However, the number of the board of directors moderates the effect of short-term debt to total assets on Tobin's Q and moderates the effect of long-term debt to total assets on financial performance (ROA, ROE, and Tobin's Q). The number of commissioners moderates the effect of short-term debt to total assets on financial performance (ROA, ROE, and Tobin's Q). However, the number of commissioners did not moderate the effect of long-term debt to total assets on financial performance (ROA, ROE, and Tobin's Q).

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Financial Accounting, Financial Analysis

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