Pengaruh Kepemilikan Institusional, Kepemilikan Manajerial, Dan Kebijakan Dividen Terhadap Nilai Perusahaan

Abstract

This study aims to determine the effect of institutional ownership, managerial ownership, and dividend policy on the firm value of basic industry and chemical companies listed in the Indonesia Stock Exchange between 2017 and 2019. This study utilises institutional ownership percentages to measure institutional ownership variable, managerial ownership percentages to measure managerial ownership variable, dividend payout ratio to measures dividend policy variable, and tobin's q ratio measures firm value. This type of research includes quantitative research with secondary data sources in the form of annual reports. There are 63 samples of 21 companies with predertemined criteria, selected through purposive sampling from a total of 80 companies, observed in a 3-year period (2017)(2018)(2019). The results of the hypotheses analysis utilising multiple linear regression reveal that institutional ownership has no effect on firm value, managerial ownership has a positive and significant effect on firm value, and dividend policy has a negative and significant effect on firm value.

The Influence of Agency Cost, Intellectual Capital, Managerial Ownership, and Institutional Ownership on Firm Value with Financial Performance As a Moderating Variable in LQ45 Companies Listed on the BEI in 2020--2022

“…The results of this research are in line with research by [29,37]. Based on previous research, the author found that managerial ownership has a positive effect on firm value, meaning that increasing the percentage of managerial ownership can increase firm value.…”

Efek Sistem Pengelolaan Perusahaan Atas Nilai Perusahaan Industri Sub Sektor Properti Serta Real Estate Tercatat Pada Bursa Efek Indonesia Tahun 2016-2020

“…Wald chi2(2) = . Kajian peneliti sesuai dengan yang ditemukan oleh (Sari & Wulandari, 2021) perihal kepemilikan institusional tidak mempengaruhi nilai perusahaan. (Schmidt & Fahlenbrach, 2017) menyebutkan bahwa kepemilikan institusional memainkan peran penting dalam penentu peningkatan institusi apabila dikelola secara pasif menyebabkan kepemilikan institusional tampaknya memiliki konsekuensi bagi tata kelola perusahaan.…”

Pengaruh Corporate Social Responsibility Terhadap Nilai Perusahaan Dengan Corporate Governance Sebagai Variabel Moderasi

“…Kepemilikan institusional dapat memoderasi hubungan antara CSR dengan nilai perusahaan sejalan dengan penelitian Fitriana (2019) dan Edison (2017) yang menyatakan bahwa kepemilikan institusional berpengaruh positif terhadap Corporate Social Responsibility, sehingga, semakin tinggi kepemilikan institusional, maka dapat mendorong peningkatan pengungkapan CSR. Namun penelitian ini bertolak belakang dengan penelitian yang dilakukan oleh Sari dan Wulandari (2021).…”