Pengaruh struktur kepemilikan terhadap kinerja perusahaan di perusahaan non financial yang terdaftar di Bursa Efek Indonesia
P enelitian ini bertujuan untuk mengetahui pengaruh ownership structure terhadapkinerja perusahaan. Sampel yang digunakan dalam penelitian ini adalah perusahaan non financial yang terdaftar di Bursa Efek Indonesia (BEI) periode 2012 – 2016.Variabel independen dalam penelitian ini adalah ownership structure (ownershipconcentration, ownership by the second largest shareholder, state ownership,ownership by industry, CEO ownership, dan ownership by financial investor) danvariable dependenya adalah kinerja perusahaan. Jumlah sampel penelitian adalahsebanyak 89 perusahaan non financial dengan menggunakan purposive sampling.Hasil empiris dari penelitian ini menggunakan program eviews 8.0 dengan regresidata panel. Berdasarkan hasil regresi data panel menunjukkan bahwa ownershipstructure (ownership by the second largest shareholder, state ownership, ownership by industry investors, CEO ownership, dan ownership by financial investor)memiliki pengaruh tergadap kinerja perusahaan, sedangkan ownership concentration dan ownership by industry investors tidak memiliki pengaruh terhadap kinerja perusahaan. Hasil penelitian ini diharapkan dapat menjadi acuan bagi perusahaan dan investor untuk meningkatkan kinerja perusahaan.
T his Research aims to determine the effect of ownership structure on firmperformance. Sample used in this researcg were non financial firms listed onIndonesia Stock Exchange (IDX) in the period 2012 – 2016. The independentvariables are ownership structure (ownership concentration, ownership by the second largest shareholder, state ownership, ownership by industry, CEO ownership, dan ownership by financial investor), and the dependent variable is firm performance.The number of the samples in this research ar 86 non financial firms by usingpurposive sampling. The empirical result of this research using the program Eviews 8.0 by panel data regression model. Based on the results of panel data regression model indicates that ownership structure (ownership by the second largest shareholder, state ownership, ownership by industry investors, CEO ownership, dan ownership by financial investors) has significant influence on firm performance, whereas ownership concentration and ownership by industry investors has no significant influence on firm performance. The results of this research is expected to be the reference for companies and investors to increase firm performance.