Jurnal Inovasi Bisnis (Inovbiz)
Vol 11, No 1 (2023)

The Impact of Corporate Governance and Capital Struc-ture on Profitability of Infrastructure Sector Companies Listed in Indonesia Stock Exchange

Jesica Santoso (Petra Christian University)
Mariana Ing Malelak (Petra Christian University)



Article Info

Publish Date
28 Jun 2023

Abstract

This research is aim to discover the impact of corporate governance and capital structure on profitability. Corporate governance consists of board size, ownership concentration and board’s financial expertise, while capital structure consist of debt to assets ratio (DAR). With these variables, observation was made on infrastructure companies listed on Indonesia Stock Exchange. A purposive sampling was carried out on 11 companies within a research period of 2014-2021, which amounts to 88 observations. The results of the research using panel data regression show that ownership concentration, board’s financial expertise and debt to assets ratio have a significant impact on profitability. On the other hand, board size does not have significant impact on profitability of infrastructure sector companies.

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Journal Info

Abbrev

IBP

Publisher

Subject

Economics, Econometrics & Finance

Description

Jurnal Inovasi Bisnis (Inovbiz) focuses on how we gain knowledge through innovation and how knowledge encourages the innovation both in economics and business. It is provided for writer, researcher, professor, and practitioner who want to publish their research reports or articles, theoritical or ...