ANALYSIS OF MACRO FUNDAMENTAL INFLUENCE, OWNERSHIP STRUCTURE, CAPITAL STRUCTURE ON FINANCIAL PERFORMANCE WITH MANAGEMENT EARNING AS INTERVENING VARIABLES IN PLASTIC AND PACKAGING SUB SECTOR COMPANIES LISTED ON INDONESIA STOCK EXCHANGE

Abstract

The study aims to determine the impact of macro fundamental, ownership structure, capital structure on financial performance with management earning as the intervening variable on the plastic and packing sub companies registered in Indonesia Stock Exchange. The population in this study is the plastic and packing sub-sector companies listed in the Indonesian Stock Exchange in 2016-2020. Research methods aided by Partial Least Square programs used with SmartPLS 3.0 software. The result of the study, shows that the macro fundamental against financial performance show have positive impact no significant, the ownership structure against financial performance have negative impact no significant, capital structure against financial performance have negative impact no significant, macro fundamentals against management earning has positive impact significant, the ownership structure against management earning have positive impact no significant, capital structure against management earning have positive impact no significant, and management earning against financial performance have negative impact no significant.