Pengaruh Struktur Modal Dan Struktur Kepemilikan Terhadap Nilai Perusahaan

Haryono, Selly Anggraeni; Fitriany, Fitriany; Fatima, Eliza

doi:10.21002/jaki.2017.07

Cited by 28 publications

(56 citation statements)

References 3 publications

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“…Unpaid dividends and profits transferred to other controlled companies are ways used by controlling shareholders to enrich themselves and this is a conflict between minority shareholders and controlling shareholders (Stijin et al, 1999). Haryono, Fitriany, & Fatima (2017) state that controlling and minority shareholder conflicts can occur when controlling shareholders can influence the company's operating policies through the management they choose, and often company policies are based on the interests of the controlling shareholders so that it can harm the minority shareholders. The majority of companies in Indonesia have concentrated ownership structures or their ownership tends to be owned by families so that families as controlling owners can drive corporate decisions (Setiawan, Aryani, & Yuniarti, 2019).…”

Section: Financial Services Authority Regulation (Pojk)mentioning

confidence: 99%

Commissioner board characteristics, ownership concentration, and corporate performance

Setiawan

Handiliastawan

Jafar

2020

Jurnal Keuangan Dan Perbankan

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This study analyzes the effect of board characteristics as a corporate governance mechanism on corporate performance with ownership concentration as a moderating variable. We conduct this study because there are still rarely studies that examine the effect of board characteristics on corporate performance by adding ownership concentration as a moderating variable. This study uses a sample of manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the 2013-2017 period with 350 observations. In this study, the characteristics of the board are proxied by the proportion of independent commissioners and the board commissioners' size. Corporate performance is proxied by return on assets (ROA). By using multiple linear regression analysis, we found that the proportion of independent commissioners and the board commissioners' size have a significant positive effect on ROA. Other results of this study indicate that the concentration of ownership significantly weakens the positive effect of the proportion of independent commissioners and the board commissioners' size on corporate performance. Abstrak Penelitian ini menganalisis pengaruh karakteristik dewan terhadap kinerja perusahaan dengan konsentrasi kepemilikan sebagai variabel moderasi. Kami melakukan penelitian ini karena masih sangat jarang penelitian yang mengkaji tentang pengaruh karakteristik dewan terhadap kinerja perusahaan dengan menambahkan variabel konsentrasi kepemilikan sebagai variabel moderasi. Penelitian ini menggunakan sampel perusahaan manufaktur di Indonesia untuk periode 2013-2017 dengan 350 pengamatan. Dalam penelitian ini, karakteristik dewan diproksi dengan proporsi komisaris independen dan ukuran dewan komisaris. Kinerja perusahaan diproksi dengan return on assets (ROA). Dengan menggunakan analisis regresi linear berganda, kami menemukan bahwa proporsi komisaris independen dan ukuran dewan komisaris mempunyai pengaruh positif signifikan terhadap kinerja perusahaan. Hasil lain dari penelitian ini menunjukkan bahwa konsentrasi kepemilikan secara signifikan memperlemah pengaruh positif proporsi komisaris independen dan ukuran dewan komisaris terhadap kinerja perusahaan.

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Section: Financial Services Authority Regulation (Pojk)mentioning

confidence: 99%

Commissioner board characteristics, ownership concentration, and corporate performance

Setiawan

Handiliastawan

Jafar

2020

Jurnal Keuangan Dan Perbankan

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“…Kepemilikan institusional dapat memaksimalkan pengawasan terhadap kinerja keuangan perusahaan (Haryono et al, 2017). Peningkatan pengawasan dilakukan dalam kegiatan operasional perusahaan terhadap manajemen sehingga tingkat financial distress dapat diminimalkan (Cinantya & Merkusiwati, 2015).…”

Section: Pendahuluanunclassified

Pengaruh Kepemilikan Institusional, Intellectual Capital, Dan Leverage Terhadap Financial Distress

Purba¹

2019

JAF

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The purpose of this study is to determine the influence of institutional ownership (KI), intellectual capital (IC) and Leverage (DER) to financial distress (Springate) financial distress condition. Independent variables in this study are institutional ownership (KI), intellectual capital (IC) and Leverage (DER) and financial distress (Springate) partially or simultaneously. Population in this study is Manufacture companies’s sector listed on Indonesia Stock Exchange in 2014-2017. The sampling technique was using purposive sampling, obtained 128 sample data and use Panel data regression analysis using software Eviews 10. Random effect model was chosen after 3 regression panel test. Simultaneously, all the independet variables have significant effect to dependent variable (financial distress). Partially intellectual capital (IC) have negative significant effect with to financial distress. Leverage (DER) have positive significant effect to financial distress. But institutional ownership (KI) have no significant effect to financial distress. Keyword: Financial distress, Institutional Ownership, Intellectual Capital, Leverage

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“…The management as the manager of the company must be responsible to the owner of the capital because the owner of the capital has given authority to management to make the best decisions for the progress of the company they manage. Based on the basic assumption described by Eisenhardt (1989) in (Haryono, et al, 2017), the manager will act based on the opportunistic nature of humans and as an ordinary human being will be more concerned with himself than taking an action that can increase shareholder prosperity. The differences in interests that occur cause agency conflicts between management and shareholders.…”

Section: Agency Theorymentioning

confidence: 99%

Examining the effect of firm-specific factors on the automotive industry in Indonesia

Reschiwati

Budiantini²,

Gusmiarni³

2021

IJRBS

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This study aims to examine the factors that affect the value of manufacturing companies in the Automotive Industry Sub-Sector Listed on the Indonesia Stock Exchange in 2015 - 2019. These factors are firm size and financial performance. The financial performance consists of liquidity, profitability, and solvency. The number of manufacturing companies in the Automotive Industry sub-sector which was made into the population was 13. Sampling was using the purposive sampling technique. Based on the predetermined criteria, there were 10 companies that met the criteria so that there were 50 observations. Data collection techniques use documentation from financial reports published on the official website of the Indonesia Stock Exchange. The model used in this research is panel data regression using the Eviews application. The findings of this study indicate that of the four independent variables tested, only the solvency variable affects firm value, but the simultaneously firm size and financial performance have a significant effect on firm value. The results of this study indicate that in general, stock investors view the importance of all financial ratios, but can ignore short-term financial symptoms that are reflected in company size, profitability, and liquidity, but should pay more attention to the security of long-term investments which can be seen insolvency.

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Pengaruh Struktur Modal Dan Struktur Kepemilikan Terhadap Nilai Perusahaan

Cited by 28 publications

References 3 publications

Commissioner board characteristics, ownership concentration, and corporate performance

Commissioner board characteristics, ownership concentration, and corporate performance

Pengaruh Kepemilikan Institusional, Intellectual Capital, Dan Leverage Terhadap Financial Distress

Examining the effect of firm-specific factors on the automotive industry in Indonesia

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