Managerial Capability and Foreign Ownership: Mechanisms for Increasing Company Value

Tangke, Paulus

doi:10.33096/atestasi.v4i2.812

Cited by 4 publications

(6 citation statements)

References 13 publications

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“…Foreign institutions are the number of shares owned by foreign business entities that contribute to strengthening the capital structure which has an impact on improving performance playing a role in technology, innovation, and broad insights that have a positive impact on companies so that they contribute to good company performance and consistently increase company value (Kartika and Utami, 2019). Findings made by Tangke et al (2021)state that foreign institutions affected company value. ownership of foreign institutions can monitor management performance thereby reducing agency costs.…”

Section: Governancementioning

confidence: 99%

The Impact of Governance, Audit Quality, and Financial Performance on Increasing Corporate Value

-¹

2023

IJFMR

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Corporate value is the level of business achievement from the start-up to development used by management in running a business to maximize shareholder wealth so that investors can trust the company's quality. Whether governance, audit quality, and financial performance can increase corporate value. Using secondary data from the Indonesian stock exchange on the manufacturing group that distributes dividends for the 2016-2021 period, The impact of the research results found that domestic institutions, foreign institutions, individual ownership, audit size, audit tenure, TATO, ROA, and DPR are significant on corporate value, while the audit committee and NPM are not significant on corporate value. It is suggested that companies can increase audit quality and percentage of share ownership in making strategic decisions focusing on several parties involved and the role of financial performance as reflecting the company internally as a reference for business turnover.

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Section: Governancementioning

confidence: 99%

The Impact of Governance, Audit Quality, and Financial Performance on Increasing Corporate Value

-¹

2023

IJFMR

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“…Foreign ownership has a positive effect on firm value (Fitri et al, 2019;Mishra, 2014;Tangke et al, 2021). The value of the company will increase due to the allocation of more investment from foreign investors.…”

Section: Investment Opportunity Set Moderate the Effect Of Foreign Ow...mentioning

confidence: 99%

“…Foreign owners who have a good understanding of choosing methods, accounting policies, and processing quality financial reports will provide accurate information. Thus, the trust of stakeholders will increase and indirectly increase the firm value (Tangke et al, 2021).…”

Section: Investment Opportunity Set Moderate the Effect Of Foreign Ow...mentioning

confidence: 99%

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Sustainability Reporting, Foreign Ownership, Firm Value as a Function of Investment Opportunity Set

Hasanah

Nuraina

Styaningrum

2023

jda

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Purpose: Firm value is one of the relevant company goals. Increasing firm value is supported by sustainability reporting and foreign ownership. The increase in firm value can be strengthened through a trusted Investment Opportunity Suitable to obtain returns that are attractive to investors and can be used as an injection of funds to implement sustainability reporting. Investigating the Investment Opportunity Set role in moderating the effect of sustainability reporting and foreign ownership on firm value. This study aims to investigate the Investment Opportunity Set in moderating the effect of sustainability reporting and foreign ownership on firm value.Method: This study uses a quantitative approach with independent variables on sustainability reporting and foreign ownership, the dependent variable on firm value, and the moderating variable. Investment Opportunity Set. This research is classified as non-experimental with cross-sectional data classification and documentation method. The research sample was 46 companies from 606 companies listed on the Indonesia Stock Exchange for 2013-2018. This study uses regression and Moderated Regression Analysis.Findings: The results showed that the Investment Opportunity Set does not moderate the effect of sustainability reporting on firm value. But Investment Opportunity Set moderate the influence of foreign ownership on firm value. Novelty: This study develops from previous research by proving that foreign ownership based on foreign investors is able to increase firm value. The study was conducted in all companies listed on the IDX that publish annual reports and sustainability reporting for the 2013-2018 period, this period is determined based on the first year of the change from the GRI G3 version to GRI G4 on May 22, 2013 which was launched in Amsterdam at the global sustainability reporting conference.

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“…Agency theory explains the relationship between principals hiring agents to carry out various activities on their behalf and delegating decision-making authority to managers (Sumardi & Wati, 2022;Susilowati & Harsono, 2020;Tangke, 2021;Tannaya & Lasdi, 2021;Ruangviset et al, 2014). In this case it has the potential to create agency problems when the interests of the agent and the principal are not in line.…”

Section: H3: Managerial Ability Has a Positive Effect On Earnings Man...mentioning

confidence: 99%

Good corporate governance moderates the effect of corporate social responsibility disclosure, financial distress and managerial ability on earnings management with variable

Prameswari

Suaryana²,

Sujana³

et al. 2022

ijbem

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The purpose of this study is to empirically examine the effect of corporate social responsibility disclosure, financial distress, and managerial ability on earnings management and empirically test good corporate governance in moderating the effect of corporate social responsibility disclosure, financial distress, and managerial ability on earnings management. The population in this study are all manufacturing companies listed on the IDX in 2017-2021. The sampling method used in this study was non-probability sampling with purposive sampling technique and 70 samples were obtained. This research technique is Moderated Regression Analysis (MRA) using the SPSS program. The results of the study show that the corporate social responsibility disclosure has no significant effect on earnings management. Financial distress has a significant positive effect on earnings management, meaning that the higher the company's level of financial distress, the earnings management will increase. Managerial ability has no significant effect on earnings management. Good corporate governance is not able to moderate the corporate social responsibility disclosure on earnings management. Good corporate governance is able to weaken financial distress in earnings management, meaning that the higher the good corporate governance, the weaker the relationship between financial distress and earnings management.

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Managerial Capability and Foreign Ownership: Mechanisms for Increasing Company Value

Cited by 4 publications

References 13 publications

The Impact of Governance, Audit Quality, and Financial Performance on Increasing Corporate Value

The Impact of Governance, Audit Quality, and Financial Performance on Increasing Corporate Value

Sustainability Reporting, Foreign Ownership, Firm Value as a Function of Investment Opportunity Set

Good corporate governance moderates the effect of corporate social responsibility disclosure, financial distress and managerial ability on earnings management with variable

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