Analisis Pengaruh Kepemilikan Institusional dan Kepemilikan Manajerial Terhadap Kinerja dan Nilai Perusahaan (original) (raw)
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Pengaruh Kepemilikan Institusional Dan Struktur Modal Terhadap Nilai Perusahaan
Jurnal Riset Manajemen dan Bisnis (JRMB) Fakultas Ekonomi UNIAT, 2017
This study is aimed to examine the effect of institutional ownership and capital structure on the company’s value. The population used in this study are all manufacturing companies listed in Indonesia Stock Exchange from 2010 until 2014. The main data used in this research is the financial data in 2010 until 2014. Completed and selected financial data this research are 32 companies so that the samples in this research using five periods are 160. For examining data, this research uses panel data regression model. After running chow test and Hausman test, the most suitable method for the regression is fixed effects method. This research shows that institutional ownership has positive influence significantly on the company’s value, capital structure has no influence significantly on the company’s value Keywords: institutional ownership, capital structure, the company’s value
Pengaruh Kepemilikan Keluarga Dan Kepemilikan Institusional Terhadap Nilai Perusahaan
Jurnal Ilmiah Manajemen dan Bisnis, 2020
Pengaruh kepemilikan keluarga dan kepemilikan institusional terhadap nilai perusahaan. Tujuan penelitian ini adalah menyelidiki pengaruh kepemilikan keluarga dan kepemilikan Institusional terhadap nilai perusahaan. Populasi pada penelitian terdiri atas seluruh perusahaan manufaktur yang terdaftar pada Bursa Efek Indonesia pada periode 2012-2016. Pengambilan sampel didasarkan pada purposive sampling dengan kriteria kelengkapan data, sehingga total sampel terdiri atas 559 pengamatan. Data yang digunakan adalah secondary data. Analisis data menggunakan metode Multiple regression. Hasil analisis data memperlihatkan bahwa kepemilikan keluarga dengan pengukuran dummy keterlibatan dalam jajaran direksi atau komisaris memiliki pengaruh negative terhadap nilai perusahaan. Sementara kepemilikan Institusional memiliki tidak memiliki pengaruh terhadap nilai perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia
Pengaruh Kepemilikan Institusional dan Leverage terhadap Nilai Perusahaan
Al-Amwal : Jurnal Ekonomi dan Perbankan Syari'ah
Penelitian ini bertujuan untuk mengetahui pengaruh kepemilikan institusional dan leverage terhadap nilai perusahaan manufaktur sub sektor tekstil dan garment product di BEI periode 2013-2016. Metode penelitian yang digunakan dalam penelitian ini adalah metode deskriptif dan verifikatif dengan pendekatan kuantitatif. Populasi dalam penelitian ini adalah seluruh perusahaan manufaktur tekstil dan sub-sektor garmen yang sudah dan masih terdaftar di Bursa Efek Indonesia periode 2013-2016. Sampel diambil dengan menggunakan metode purposive sampling, dan diperoleh 10 perusahaan. Teknik analisis data yang digunakan panel data regresi. Hasil penelitian menunjukkan bahwa kepemilikan institusional memiliki pengaruh positif dan signifikan terhadap nilai perusahaan, dibuktikan dengan nilai t sebesar 3,9157 dan signifikansi 0,0004. Leverage berpengaruh positif dan signifikan terhadap nilai perusahaan, terbukti dengan nilai t sebesar 2,7891 dan signifikansi 0,0083. Kepemilikan Institusional dan leverage berpengaruh terhadap nilai perusahaan, terbukti dengan nilai t dalam jumlah 10,0295 dengan signifikansi 0,0003. Nilai adjusted R 2 diperoleh dalam jumlah 0,3165. Hal ini menunjukkan bahwa kepemilikan institusional dan leverage mempengaruhi nilai perusahaan sebesar 31,65% dan sisanya sebesar 68,35% dipengaruhi oleh faktor lain yang tidak diamati dalam penelitian ini.
E-Jurnal Ekonomi dan Bisnis Universitas Udayana
High firm value will increase the prosperity of shareholders. The higher the stock price, the higher the firm value could be. Generally investors will hand over its management to the professionals to achieve the company’s goal which is to increase the firm values. This study aims to examine the influence of institutional ownership, the competence of board of commissioners and the quality of auditor on firm values. The analyzed data is secondary data, taken from financial statements and annual reports of companies that listed in Indonesia Stock Exchange from 2012-2015. The sample selection determined by using purposive sampling technique, 48 companies were acquired. Multiple linear regression techniques were used to analyze the data. The results showed that institutional ownership, the competence of board of commissioners and the quality of auditor have positive effects on firm values.
Pengaruh Kepemilikan Institusional, Kepemilikan Publik, Dan Profitabilitas Terhadap Nilai Perusahaan
JAME Jurnal Akuntansi dan Manajemen Esa Unggul, 2021
Firm value is an important factor for investors. Investors will be interested in owning shares in a company if the company is considered having good performance. However, the phenomenon of falling stock prices in several companies in the property, real estate, and building construction sectors on the stock exchange during certain observation periods needs special attention. Companies are required to always improve and maintain the value of the company in a best performance. Thus, this study aims to examine and analyze the effect of institutional ownership, public ownership, and profitability on firm value. This research uses quantitative methods. The population in this study are property, real estate and building construction companies listed on the Indonesia Stock Exchange (IDX) 2016-2018. Determination of the sample is done by purposive sampling technique and obtained a sample of 46 companies or 138 research data based on certain criteria. Data analysis method used in this study is multiple linear regression. The results of this study indicate that institutional ownership and public ownership do not affect the value of the company. while profitability has a positive and significant effect on firm value.
Peran Kepemilikan Institusional Dalam Hubungan Manajemen Laba Dan Nilai Perusahaan
INDONESIAN JOURNAL OF ACCOUNTING AND GOVERNANCE, 2020
This study aims to prove whether institutional ownership can reduce the impact of earnings management practices on firm value. Earnings management is proxied by accrual management, real activity manipulations based on abnormal production costs and abnormal discretionary expenses. Meanwhile, firm value is proxied by the metrics developed by Rhodes-Kropf et al (2005) which have the advantage of detecting misvaluation. The sample is manufacturing companies on the Indonesia Stock Exchange which have institutional ownership. The research period for 2010-2018 with panel data 410 samples observation. The findings show that institutional ownership can mitigate the effect of earnings management on firm value. Surprisingly, finding is that real activity manipulations based on abnormal discretionary expenses have the potential to destroy firm value. In other words, the market is penalizing the value of the company. These results contribute to the insight that the importance of the role of inst...
Journal of Management and Business
This research was explaining the influence of managerial ownership, institutional ownership, and the impact to firm performance. We use three stage least square (3SLS) model to test our hypotheses. Sample of the research is all of manufacture companies which of have managerial ownership and institutional ownership and listed on Indonesian Stock Exchange period 1997 -2006. The result was provided that managerial ownership and firm performance has positive influence but not significant. Other evidence is that institutional ownership has significant positive influence to firm performance. The research was proven that managerial ownership and institutional ownership have negative influence. Condition crisis and after crisis has effect to ownership and firm performance. Firm performance does increase when after crisis period opposite that crisis period.
Business and Finance Journal
This research investigate impact of institutional ownership on firm performance, and moderating effect of active institutional ownership. Using purposive sampling and the period of 2012-2016, we obtained 436 observations of 99 manufacturing firms for dependent variable mea- sured by ROA, and 415 observations of 95 manufacturing firms for dependent variable measured by Tobin’s Q. We found that institutional ownership had significant positive effect on firm perfor- mance. Active institutional ownership as a moderating variable, strengthens the positive effect of institutional ownership on firm performance.
Pengaruh Kepemilikan Institusional, Ukuran Perusahaan, Dan Manajemen Aset Terhadap Nilai Perusahaan
JAF (Journal of Accounting and Finance), 2023
Tujuan penelitian ini untuk menginvestigasi dampak kepemilikan institusional, ukuran perusahaan dan manajemen aset terhadap nilai perusahaan. Sampel penelitian ini adalah perusahaanperusahaan yang terdaftar di Bursa Efek Indonesia antara tahun 2016-2018. Pemilihan sampel berdasarkan metode purposif, sehingga menghasilkan 44 sampel perusahaan. Tipe data yang digunakan dalam penelitian ini adalah data kuantitatif dan dianalisis mengunakan analisis regresi berganda untuk menganalisis variabel dependen, nilai perusahaan dan variabel independen, kepemilikan institusional, ukuran perusahaan dan manajemen aset. Hasil penelitian menunjukkan kepemilikan institusional dan ukuran perusahaan memiliki pengaruh positif dan signifikan terhadap nilai perusahaan karena mekanisme pengawasan oleh institusi lebih efektif dan semakin besar perusahaan berarti manajernya mampu mengakumulasi nilai. Manajemen aset tidak memiliki pengaruh terhadap nilai perusahaan.
2021
Abstract. This research was conducted to analyze the effect of institutional ownership structure, profit, firm growth, and firm size on firm value for the 2015-2019 period. The author uses 19 samples of companies with a time span from 2015 to 2019. Analysis of research data uses panel data regression using the Eviews version 10 program. The results of the study simultaneously show that institutional ownership structure, earnings, company growth, and company size affect the value of the company. company. While the results of the study partially show that the institutional ownership structure and profits affect the value of the company. Meanwhile, company growth and company size have no effect on company value in the property and real estate sectors listed on the Indonesia Stock Exchange for the 2015-2019 period. Abstrak. Penelitian ini dilakukan untuk menganalisis pengaruh struktur kepemilikan institusional, laba, pertumbuhan perusahaan, dan ukuran perusahaan terhadap nilai perusaha...