Influence of Managerial Ownership, Board Independence, and Leverage on Financial Performance in the Financial Sector
Keywords:
Managerial Ownership, Independent Commissioners, Leverage, Financial Performance, Bank indonesia Interest Rate GrowthAbstract
This study examines the impact of managerial ownership, independent
commissioners, and leverage on the financial performance of financial
sector firms in Indonesia, with the growth of Bank Indonesia's interest
rates as a moderating variable. A quantitative research approach is
employed, utilizing secondary data from the financial statements of
financial sector companies listed on the Indonesia Stock Exchange (IDX).
The analysis is conducted using Moderated Regression Analysis (MRA).
The findings indicate that managerial ownership and independent
commissioners positively influence financial performance, while leverage
exhibits a nonlinear relationship with financial performance. Additionally,
the growth of Bank Indonesia's interest rates moderates the relationship
between leverage and financial performance, reinforcing specific
interactions between the independent variables and firm performance.
These results provide insights into the role of corporate governance
mechanisms and capital structure in shaping financial outcomes within
Indonesia’s financial sector.
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