STRUKTUR MODAL, COORPORATE GOVERNANCE DAN KINERJA PERUSAHAAN PADA PERUSAHAAN PERTAMBANGAN INDONESIA

Abstract

This study aims to determine whether the capital structure (MDL) and corporate governance consisting of board size (DWN), the independent commisioner (IND), and manajerial ownership (MAN) effect on firm performance (ROA). The sample is determined by purposive sampling are 11 companies in the mining sector listed in Indonesian Stock Exchange and publish annual reports continuously in period 2011-2014. The results of this study indicate that the capital structure affect the performance of the firm, the addition of long-term debt will affect the company’s operations. Board size, manajerial ownership, and independent commisioner does not affect the performance of the firm. The three of variable does not affect the firm performance because decreased of global economic, decreased of commodity price and goverment export policy.

Keywords: board size; capital structure; corporate governance; independent commissioner; manajerial ownership.