FAMILY OWNERSHIP EFFECTS ON COMPANY’S FINANCIAL PERFORMANCE: AN EMPIRICAL STUDY IN MINING COMPANIES LISTED ON INDONESIA STOCK EXCHANGE FROM 2016-2023

Ivan Aptarafi Setyandito, Ibu Choirunnisa Arifa, S.E., M.Sc., Ph.D., Ak., CA.

2025 | Skripsi | AKUNTANSI

The purpose of this research is to determine the impact of family-ownership on profitability. The dependent variable in this research is calculated using return on investment, return on equity and dividend payout ratio, which is the indicator of a company’s financial health and to fulfill its obligations in the form of dividends for its shareholders. As for the independent variables, family ownership is calculated using the concentration of family owners over total outstanding. The analysis of this research uses multiple regression analysis method on 23 (twenty-three) samples of mining companies listed in the Indonesia Stock Exchange (IDX) in the period of 2016-2023 that has fulfilled the criteria of the purposive sampling. The result of this research is, family ownership has significant impact to return on investment and return on equity yet has no significant impact on dividend. 

The purpose of this research is to determine the impact of family-ownership on profitability. The dependent variable in this research is calculated using return on investment, return on equity and dividend payout ratio, which is the indicator of a company’s financial health and to fulfill its obligations in the form of dividends for its shareholders. As for the independent variables, family ownership is calculated using the concentration of family owners over total outstanding. The analysis of this research uses multiple regression analysis method on 23 (twenty-three) samples of mining companies listed in the Indonesia Stock Exchange (IDX) in the period of 2016-2023 that has fulfilled the criteria of the purposive sampling. The result of this research is, family ownership has significant impact to return on investment and return on equity yet has no significant impact on dividend. 

Kata Kunci : family ownership; profitability; dividend policy; mining industry; IDX