Pengaruh Kepemilikan Manajerial, Kepemilikan Asing, Ukuran Perusahaan, dan Leverage terhadap Agency Cost Perusahaan Manufaktur Subsektor Industri Dasar dan Kimia yang Terdaftar di Bei Periode 2018-2020

Abstract

This study was conducted to determine whether the variables used in the study have an influence on agency costs in a manufacturing company in the basic and chemical industry sub-sector listed on the Indonesia Stock Exchange for the 2018-2020 period. The sample in this study uses basic and chemical industry sub-sector manufacturing companies, totaling 32 basic and chemical industry sub-sector manufacturing companies listed on the IDX. The sampling technique used is the purposive sampling method. The type of data in this study uses secondary data with data collection using the documentation method and looking at the financial statement data of manufacturing companies in the basic and chemical industry sub sectors. The analysis used in this study uses multiple linear regression in order to determine the relationship and influence of the independent variables namely managerial ownership, foreign ownership, firm size, and leverage on the dependent variable in this study is agency cost using the asset turnover measurement method. The results of the study found that managerial ownership has no effect on agency costs. Meanwhile, the variables of foreign ownership, firm size, and leverage.