The Effect of Corporate Social Responsibility, Capital Structure, Audit Committee, Managerial Ownership on The Financial Performance of Healthcare Sector Manufacturing Companies

Abstract

This study aims to analyze and prove the effect of Corporate Social Responsibility (CSR), capital structure, audit committee, and managerial ownership on the financial performance of healthcare manufacturing companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2023 period. This study uses a purposive sampling method in selecting samples, so that 9 companies that meet the criteria are obtained. The data analysis technique used is multiple linear regression analysis with the help of IBM SPSS Statistics 27 software. The results of the study show that partially, the variables CSR, audit committee, and managerial ownership do not have a significant effect on the company's financial performance. On the contrary, capital structure is proven to have a significant effect on financial performance. Meanwhile, simultaneously, the four independent variables are proven to have a joint effect on financial performance. This study is expected to contribute to company management, investors, and policy makers in understanding the internal factors that influence the financial performance of companies in the healthcare sector.