The Effect of Operational Audit, Managerial Ownership, Institutional Ownership, and Independent Commissioners on Financial Performance (Case Study of Food and Beverage Sub-sector Companies Listed on the Idx in 2021-2023)

Author(s)	Ms. Siti Annisa, Dr. Lin Oktris
Country	Indonesia
Abstract	The main objective of this study is to examine the relationship between operational audit, managerial and institutional ownership, and the function of independent commissioners on company performance. Company performance serves as the dependent variable, with operational audit, management and institutional ownership, and the involvement of independent commissioners serving as independent variables. In this study, we surveyed 95 companies operating in the food and beverage sub-industry listed on the IDX from 2021 to 2023. The sample size in this study was 65 companies, over a 3-year period, resulting in a total of 195 company annual reports. The data for this study were obtained using a quantitative research technique known as the purposive sampling approach. The results of the data analysis indicate that: Institutional ownership has a positive effect on financial performance. Operational audits, managerial ownership, and independent commissioners do not have a positive effect on company financial performance.
Keywords	Operational Audit, Managerial Ownership, Institutional Ownership, Independent Commissioners, Financial Performance
Field	Sociology > Banking / Finance
Published In	Volume 7, Issue 5, September-October 2025
Published On	2025-09-05
DOI	https://doi.org/10.36948/ijfmr.2025.v07i05.55165

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