Pengaruh Financial Flexibility, Kepemilikan Institusional, Kualitas Pelaporan Keuangan, dan Efektivitas Dewan Komisaris terhadap Efisiensi Investasi pada Perusahaan Food and Beverages yang Terdaftar di Bursa Efek Indonesia

Abstract

This study aims to find out the effect of financial flexibility, institutional ownership, financial reporting quality, and the effectivity of commissary board on the investment efficiency of the food and beverages producer firms that are listed in Indonesia Stock Exchange (IDX). The hypothesis in this study is that financial flexibility, institutional ownership, financial reporting quality, and the effectivity of commissary board affects investment efficiency positively. The collection of secondary data is conducted by documenting sources from financial/annual reports published by entities on the IDX (Indonesia Stock Exchange) website. The analysis method used is descriptive quantitative with multiple linear regression. The results of this study indicate that there is no influence of financial flexibility, financial reporting quality, and board of commissioners' effectiveness on investment efficiency. However, institutional ownership has a negative effect on investment efficiency