The Effect of Managerial Ownership, Institutional Ownership, Foreign Ownership and Tangibility on Capital Structure

This study aims to determine the relationships and influences of managerial ownership, institutional ownership, foreign ownership and tangibility on the capital structure of LQ45 companies from 2019 to 2021. The sampling technique used was purposive sampling with a total sample of 75 samples, covering a research period of three years in 25 companies. The data analysis method used panel data regression analysis, which revealed that when considered together, managerial ownership, institutional ownership, foreign ownership and tangibility variables all affect capital structure. However, when considered individually, only tangibility has a significant impact on capital structure, while managerial ownership, institutional ownership and foreign ownership do not affect the capital structure.