PENGARUH KEPEMILIKAN INSTITUSIONAL, TAX PLANNING DAN LEVERAGE TERHADAP KINERJA KEUANGAN PERUSAHAAN MANUFAKTUR SUBSEKTOR FOOD AND BEVERAGE DI BEI TAHUN 2021-2023 : PENGARUH KEPEMILIKAN INSTITUSIONAL, TAX PLANNING DAN LEVERAGE TERHADAP KINERJA KEUANGAN PERUSAHAAN MANUFAKTUR SUBSEKTOR FOOD AND BEVERAGE DI BEI TAHUN 2021-2023

Abstrak

and leverage on the financial performance of food and beverage subsector manufacturing companies listed on the Indonesia Stock Exchange (IDX) during the 2021–2023 period. This research is a causal explanatory study using a quantitative approach. The sampling technique employed was purposive sampling, utilizing secondary data obtained from the website www.idx.com. The population of this study includes all food and beverage subsector manufacturing companies, with 15 companies selected as the sample. The analytical methods used were descriptive statistics, coefficient of determination test (R²), and t-test. The results of the study indicate that institutional ownership has a positive and significant effect on financial performance, while tax planning and leverage have a negative and significant effect. These findings suggest that a higher percentage of institutional ownership within a company leads to an improvement in its financial performance.