Abukosim, Abukosim and Mukhtaruddin, Mukhtaruddin and Ferina, Ika Sasti (2014) Ownership Structure and Firm Values: Empirical Study on Indonesia Manufacturing Listed Companies: Similarity. Journal of Arts Science & Commerce.
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OWNERSHIP STRUCTURE AND FIRM VALUES EMPIRICAL STUDY ON INDONESIA MANUFACTURING LISTED COMPANIES.pdf Download (4MB) | Preview |
Abstract
The companies listed in Indonesia Stock Exchange generally have an organizational structure that separates owners and management. This situation may create a confalict between the owners and the management. However if they share a common goal, it can increase the companies? values. This research is aimed at identifying the influence of ownership structure (managerial, institutional, foreign, and central) on the prices to book values (PBV). Understanding of the ownership structure is important for the control of a company operation. This research uses secondary data; it is based on the annual financial reports of Indonesia Stock Exchange in 2009 ? 2011. A purposive sampling technique is applied, and 32 companies are selected as the sample. The data are analyzed using multiple linear regression and descriptive statistics. The research results show that the ownership structure significantly influences the firms values: (1) the managerial ownership does not have a positive influence on firm value, (2) the institutional ownership has a positive and significant influence on firm vlue, (3) the foreign ownership has a positive and significant influence on firm value, (4) the concentrated ownership does not have a positive influence on firm value. This research is limited to only the ownership structure as the factors influence of firm value
| Item Type: | Other |
|---|---|
| Subjects: | #3 Repository of Lecturer Academic Credit Systems (TPAK) > Results of Ithenticate Plagiarism and Similarity Checker |
| Divisions: | 01-Faculty of Economics > 62201-Accounting (S1) |
| Depositing User: | M.Si Ika Sasti Ferina |
| Date Deposited: | 20 Oct 2020 02:48 |
| Last Modified: | 20 Oct 2020 02:48 |
| URI: | http://repository.unsri.ac.id/id/eprint/36564 |
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