Abstract :
The objective of the research was to analyze the influence of firm size,
leverage, firm growth, institutional ownership, managerial ownership on firm
performance with earnings management as intervening variable on
manufacturing companies in the consumer goods sector in companies listed in the
Indonesia Stock Exchange in the period of 2013-2016. The samples were 23
companies, taken by using purposive sampling technique for the population of 37
companies. Secondary data were gathered like annual financial statement
publicized in website www.idx.co.id. The gathered data were analyzed by using by
using multiple linier regression analysis and path anlysis. The result of the
research showed thatfirm size, leverage, firm growth, institutional ownership,
managerial ownership simultaneously had significant influence on the firm
performance on manufacturing companies in the consumer goods sector listed in
the Indonesian Stock Exchange. Partially, firm size had positive and significant
on firm performance, and manajerial ownership had negative and significant on
firm performance, while leverage, firm growth, institutional ownership did not
have any significant influance in firm performance. Earnings managamant had
positive and significant on firm performance. Based on the result of Baron and
Kenny test on the variable firm size, leverage, firm growth, it was found that
earnings management did not act as intervening variable, while the result of
Baron and Kenny test on the variable of institutional ownership and managerial
ownership showed that earnings management acted as intervening variable.