THE EFFECT OF GOOD CORPORATE GOVERNANCE, COMPANY SIZE, AND OWNERSHIP STRUCTURE ON FINANCIAL PERFORMANCE OF BANKING COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE IN 2021-2023
Keywords:
Good Corporate Governance, Firm Size, Ownership Structure,, Return on Assets, STATAAbstract
This study examines the effect of Good Corporate Governance (independent commissioners, board of directors, audit committee), firm size, and ownership structure (managerial, institutional) on banking ROA listed on the IDX from 2021 to 2023. Using purposive sampling, 30 companies (85 observations) were selected after outlier elimination. Data were analyzed using OLS panel regression with a Cluster-Robust Standard Error approach via STATA 14. Pooled results show the board of directors has a significant positive effect ($\alpha=10\%$) and managerial ownership has a significant negative effect ($\alpha=10\%$). Other variables are insignificant. However, subperiod analysis reveals structural differences: the audit committee and institutional ownership become significantly positive during the economic recovery period (2022–2023), proving post-pandemic monitoring effectiveness
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