OWNERSHIP STRUCTURE AND CORPORATE GOVERNANCE ON INVESTMENT EFFICIENCY

Authors

DOI:

https://doi.org/10.25273/capital.v8i2.21995

Keywords:

Concentrated Ownership; Corporate Governance; Independent Board of Commissioners; Investment Efficiency; Managerial Ownership; Ownership Structure

Abstract

The purpose of this study was to analyze the effect of ownership structure and governance on investment efficiency in mining companies listed on the Indonesia Stock Exchange for the period 2016-2023. The sampling technique used purposive sampling as many as 17 companies. The method used is a quantitative method with a panel data regression analysis tool with Fixed Effect Model and Random Effect Model approach. Based on the results of the study, it show that ownership concentration has a significant positive effect on investment efficiency, while managerial ownership and independent board of commissioners have no effect on investment efficiency.

Keywords: Concentrated Ownership; Corporate Governance; Independent Board of Commissioners; Investment Efficiency; Managerial Ownership; Ownership Structure

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References

Abdoh, H. (2016). Product market competition, corporate investment and risk. Open access Theses and Disertations 780.

Anela, F., & Prasetyo, A. (2020). the Effect of Ownership Structure on Investment Efficiency (Case Study in Non Financial Firms Listed on Indonesia Stock Exchange in 2015-2017). ACCRUALS (Accounting Research Journal of Sutaatmadja), 4(1), 66-76. doi:https://doi.org/10.35310/accruals.v4i01.407

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Published

2025-03-01

Issue

Vol. 8 No. 2 (2025)

Section

Articles

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