Abstract :
Purpose: This study aims to obtain empirical evidence on the influence of Firm Size, Managerial Ownership, Capital Structure, and Dividend Policy on the Financial Performance of Companies.
Design/methodology/approach: The research uses a quantitative method with secondary data. The population in this study comprises energy sector companies that publish audited annual reports by independent auditors listed on the Indonesia Stock Exchange from 2019-2023. The sampling technique used is purposive sampling, resulting in panel data of 55 observations. The analytical technique used to test the hypothesis is multiple regression analysis using Eviews 9 software.
Findings: The results of this study indicate that the variables of Firm Size and Dividend Policy have a positive and statistically significant effect on Financial Performance. However, managerial ownership and capital structure do not have a significant impact on financial performance.
Originality/value: This study discusses Financial Performance and other factors such as Firm Size, Managerial Ownership, Capital Structure, and Dividend Policy, focusing on energy sector companies. This study uses the return on assets ratio as a measure of the company's Financial Performance.