The Influence of Corporate Social Responsibility, Managerial Ownership, and Firm Size on Firm Performance: Evidence From Manufacturing Companies in Indonesia

Abstract

The main objective of this research is to explore and determine the effect of Good Corporate Governance, Managerial Ownership, and Firm Size that affect Firm Performance. We used the sample from financial statements of manufacturing companies engaged in Food and Beverages which are listed on the Indonesia Stock Exchange with 70 observations from the years 2014 to 2018. Samples were taken using the purposive sampling method. Multiple linear regression model with panel data was used in this study as analysis method. The results showed that corporate responsibility has negative and significant effect on Firm Performance, while Managerial Ownership and Firm Size have positive but not significant on Firm Performance. It can be concluded that this study is consistent to the agency theory predictions.