PENGARUH STRUKTUR MODAL DAN UKURAN PERUSAHAAN TERHADAP KINERJA PERUSAHAAN DENGAN AGENCY COST SEBAGAI VARIABLE INTERVENING PADA PERUSAHAAN LQ45 TAHUN 2012-2016

Abstract

ABSTRACT
This research aims to eximine the impact of capital structure, company size to
agency cost; influence of capital structure, company size to company performance
with agency cost as an intervening variable. The type of this research used is
explanatory research. While sampling in this study uses purposive sampling
method. The companies that are the object of research are LQ45 company listed
on the Indonesia Stock Exchange on 2012-2016. From 45 companies studied,
there were 31 companies that met the sample criteria in the study. Statistical
method used path analysis that is path analysis which is assisted by using
SmartPls 3. The test results show that there is a significant positive effect on the
capital structure of the agency cost and the influence is not significant between
the company size and agency cost, and an effect of agency cost on the company's
performance is not significant. And there is no influence between capital structure
and company size on company performance with agency cost as intervening
variables.
Key words : Capital Sturcture, agency cost, firm performance, agency cost
and path analysis.