Pengaruh Dewan Komisaris Independen, Kepemilikan Manajerial, Kepemilikan Institusional dan Maturitas Utang terhadap Efisiensi Investasi pada Perusahaan Pertambangan yang Terdaftar di Bursa Efek Indonesia Tahun 2018-2022

Abstract

The objectives of this research is to determine the Influence of Independent Board of Commissioners, Managerial Ownership, Institutional Ownership, and Debt Maturity on Investment Efficiency in mining companies listed on the Indonesia Stock Exchange from 2018 to 2022. The population for this study comprises 52 companies, with a purposive sampling technique resulting in the selection of 22 companies for analysis. The data utilized is secondary, and the data analysis techniques include multiple linear regression tests, F-tests, and t-tests. The research findings indicate that managerial ownership has a significant positive influence on investment efficiency. Independent board of commissioners and debt maturity have a significant negative impact on investment efficiency. Meanwhile, institutional ownership does not have a significant influence on investment efficiency. Simultaneously, independent board of commissioners, managerial ownership, institutional ownership, and debt maturity affects investment efficiency.