Pengujian Mekanisme Tata Kelola Dan Pertumbuhan Perusahaan Terhadap Kinerja Keuangan Perusahaan Teknologi

Abstract

The objective of this research is to examine the impact of corporate governance mechanisms and company growth on the financial performance of companies. In this study, the influence of corporate governance is measured by the proportion of managerial and institutional ownership. Company growth is calculated using the sales growth ratio. The sample consists of 75 technology sector companies listed on the Indonesia Stock Exchange for the period 2018-2022. The analysis method used is regression analysis. The results of the study indicate that the Adjusted-R² is 16.7%, with an F-Test value of 5.929 (Sig. 0.001). Thus, the hypotheses related to Managerial Ownership (H1) and Institutional Ownership (H2) are not supported as they have significant negative effects, while the hypothesis related to Company Growth (H3) is supported due to its significant positive relationship with financial performance.