Open AccessThe Effect of Financial Leverage, Employee Stock Ownership Program and Firm Size on Firm Performance of Companies Listed in Indonesia Stock Exchange
Author(s) -
Nurainun Bangun,
F.X. Kurniawan Tjakrawala,
Kurniati W. Andani,
Linda Santioso
Publication year - 2017
Publication title -
international business and accounting research journal
Language(s) - English
Resource type - Journals
eISSN - 2550-0368
pISSN - 2549-0303
DOI - 10.15294/ibarj.v1i2.7
Subject(s) - stock exchange , return on assets , return on equity , business , leverage (statistics) , stock (firearms) , variables , finance , monetary economics , accounting , economics , statistics , mathematics , mechanical engineering , engineering
The purpose of this research is to examine and to obtain affected empirical evidence of financial leverage, firm size and employee stock ownership program (ESOP) to firm performance in manufacturing company in Indonesian Stock Exchange on 2013-2015. Independent variables in this research are Financial Leverage (DER), Firm Size and Employee Stock Ownership Program (ESOP). Dependent variables in this research are Return on Assets (ROA) and Return On Equity (ROE). The results Showed that the simultaneous test of three independent variables Significantly afftected to the ROA and ROE. The partial tests of Financial Leverage (proxy DER) and Firm Size Significantly affected to ROA and ROE. But, the results Showed that the Employee Stock Ownership Program (ESOP) did not Affect to ROA and ROE.