This study examines the effect of family ownership and managerial ownership on company performance through CSR disclosure in food and beverage manufacturing companies listed on the Indonesia Stock Exchange for the period 2020–2023. The research was conducted over two months, from March to April 2025, using secondary data from financial statements accessed through www.idx.co.id. The research results show that: (1) Family Ownership has a positive and significant effect on Company Performance; (2) Managerial Ownership has a positive effect but is not significant on Company Performance; (3) CSR has a positive and significant impact on Company Performance; (4) Family Ownership significantly influences CSR; (5) Managerial Ownership does not significantly influence CSR; (6) Family Ownership significantly influences Company Performance through CSR; and (7) Managerial Ownership has no significant effect on Company Performance through CSR
Lutfi et al. (Mon,) studied this question.