EFFECT OF STOCK AND OWNERSHIP STRUCTURE LEVERAGE ON THE VALUE OF THE COMPANY REGISTERED MANUFACTURING COMPANY IN INDONESIA STOCK EXCHANGE

Purba, Malem Ateta (2017) EFFECT OF STOCK AND OWNERSHIP STRUCTURE LEVERAGE ON THE VALUE OF THE COMPANY REGISTERED MANUFACTURING COMPANY IN INDONESIA STOCK EXCHANGE. In: The 1st Unimed International Conference On Economics And Business 2017 (UNICEB), 12 Dec 2017, Medan.

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Abstract

The main purpose of this research is to know the effect of managerial share ownership, institutional share ownership, and leverage to company value at manufacturing company listed in Indonesia Stock Exchange. Unlike the agency problems in developed capital markets, agency problem in BEI is the difference of interest between minority owners and majority. The hypothesis in this research is: there is influence simultaneously managerial share ownership, institutional share ownership, and leverage to company value. The population in the study is a manufacturing company listed on BEI 2013 until 2015. A total of 18 companies sampled by using purposive sampling. The method of analysis used in this study is multiple linear regression. Before the test, all data will pass the classical assumption test stage (normality test, multicolinearity test, autocorrelation test, heteroscedasticity test), partial test (t), simultaneous test (F), R2 test, and R test using SPSS version 20 .Based on the results of the research, partially, Managerial Share Ownership, Institutional Share Ownership, does not affect the Company Value on manufacturing companies listed on the Indonesia Stock Exchange, while Leverage significantly affects the Company Value in manufacturing companies listed on the Indonesia Stock Exchange. Furthermore, simultaneously, Managerial Share Ownership. Institutional Shareholdings, and Leverage have no effect on the Company Value on manufacturing companies listed on the Indonesia Stock Exchange. While from the test result R2, simultaneously managerial share ownership, institutional share ownership and Leverage (DER) to company value (PER) influence 19.4% while sisannya 80.6% (100% -19.4%) influenced by variable other outside the model tested in this study.

Item Type: Conference or Workshop Item (Paper)
Keywords: Managerial Share Ownership; Institutional Share Ownership; Leverage; Corporate Value
Subjects: H Social Sciences > HG Finance > HG3810 Foreign exchange. International finance. International monetary system
Divisions: Fakultas Ekonomi
Depositing User: Mrs Gusti Lisa Utami
Date Deposited: 19 Jan 2018 10:38
URI: http://digilib.unimed.ac.id/id/eprint/28320

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