PENGARUH STRUKTUR KEPEMILIKAN DAN KEBIJAKAN DEVIDEN TERHADAP KINERJA DAN RESIKO KEUANGAN PERUSAHAAN YANG DIMEDIASI OLEH CORPORATE GOVERNANCE PADA EMITEN PERBANKAN DI BURSA EFEK INDONESIA

Abstract

The development of the financial sector in Indonesia is quite rapid. The financial sector should be a supporter of the development of the real sector, given its main function is as a financial intermediary for the real sector. This development seems to be improving because it means the capital market in Indonesia is quite passionate. But on the other hand, there are several problems along with the development of the financial sector, namely the imbalance of foreign and local investors which is indicated due to lack of financial education in Indonesia, the rise of speculative financial transactions and the high spread of credit and deposit interest rates. The first and second problems may lead to economic instability, in the form of the possibility of capital outflows, economic bubbles, and inequality of social welfare between sectors, between regions, and between individuals. The lack of public access to the financial sector is also a problem that has an impact on social inequality. Whereas the third problem hinders the process of channeling funds to the real sector considering that credit interest is considered too high for investors, while for the movement of bond capitalization, although not as fast as the capitalization of the stock market and banks, but has a positive rate which is largely dominated by state bonds. The results showed a significant influence of the Family Ownership Structure on the Independence of the Board of Commissioners and Company Performance. The effect of family ownership structure is not significant on the number of audit committees and financial risks. The influence of Institutional Ownership Structure is significant towards the Independence of the Board of Commissioners, the number of audit committees, and Financial Risk. The effect of Institutional Ownership Structure is not significant on Company Performance. The effect of significant dividends on the Number of Audit Committees and Company Performance. The effect of Dividend is not significant on the Independence of the Board of Commissioners and Financial Risk. The effect of the Independence of the Board of Commissioners is not significant on the Company's Performance and Financial Risks. The influence of the number of Audit Committees is significant on the Company Performance and Financial Risk.