The Influence of Institutional Ownership on Corporate Values With Debt Equity Ratio and Profitability as Intervening Variables

Alifia, Syifa; Sanusi, Fauji

doi:10.22219/jaa.v4i1.12789

Cited by 3 publications

(4 citation statements)

References 7 publications

(5 reference statements)

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“…This result is in line with the hypothesis used as a research conducted by which (Alifia & Sanusi, 2021;Lestari et al, 2021;Rofiananda et al, 2019;Sadia & Sujana, 2017;Warapsari & Suaryana, 2016) states that debt policy cannot mediate the effect of institutional ownership on firm value.…”

Section: Debt Policy Cannot Mediate the Effect Of Institutional Owner...supporting

confidence: 87%

Institutional Ownership Effect on Company Values with CSR and DER as An Intervening Variable

Ariana,

Sanusi,

Ichwanudin

2023

JABTER

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This study aims to examine whether institutional ownership has an effect on firm value with debt policies and corporate social responsibility as intervening variables in automotive sub-sector manufacturing companies and their components listed on the Indonesia Stock Exchange for the 2015-2021 period. In this study, institutional ownership is measured by INST, firm value is measured by price to book value (PBV), debt policy is measured by debt to equity ratio, corporate social responsibility is measured by CSRDI index. The population used in this study is the automotive sub-sector manufacturing companies and their components listed on the Indonesia Stock Exchange for the 2015-2021 period. The sample of this study amounted to 12 companies from a total population of 84 companies. Sampling using purposive sampling method. The data analysis tool used in this research is path analysis using smartpls3 software. The results of this study indicate that: (1) Institutional ownership has a significant positive effect on debt policy. (2) Institutional ownership has no significant positive effect on corporate social responsibility. (3) Institutional ownership has no significant positive effect on firm value. (4) Debt policy has a significant negative effect on firm value. (5) Corporate social responsibility has a significant positive effect on firm value. (6) Debt policy cannot mediate institutional ownership on firm value. (7) Corporate social responsibility cannot mediate institutional ownership on firm value.

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Section: Debt Policy Cannot Mediate the Effect Of Institutional Owner...supporting

confidence: 87%

Institutional Ownership Effect on Company Values with CSR and DER as An Intervening Variable

Ariana,

Sanusi,

Ichwanudin

2023

JABTER

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“…Di samping itu, penelitian yang dilakukan oleh Al-Saidi (2021), Wulanda & Aziza (2019), Maswadeh (2021), Prasetyo, Julianto, & Ermaya (2020) dan Fariha, Hossain, & Ghosh (2022) menunjukkan pengaruh negatif yang diberikan oleh mekanisme GCG bagi nilai perusahaan. Sementara penelitian Septiana & Dewi (2020), Alifia & Sanusi (2021), Darmayanti & Sanusi (2018), Bezawada (2020), dan Özcan (2021) justru mengindikasikan bahwa seluruh mekanisme GCG tidak berpengaruh pada nilai perusahaan.…”

Section: Pendahuluanunclassified

Mekanisme Good Corporate Governance Terhadap Nilai Perusahaan Barang Baku Di Indonesia

Sari¹,

Pratiwi²

2023

persi

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The goal of this study is to prove the influence of good corporate governance (GCG) mechanism has on the value of basicmaterial companies listed on Indonesia Stock Exchange (IDX) in 2020-2021. The five independent variables used in this study are independent commissioners, institutional ownership, management ownership, board of directors, and audit committee. Selected through purposive sampling, there were total of 60 samples studied using multiple linear regression analysis as an analytical technique & SPSS 25 as the research tool. The findings from this study reveal that simultaneously the GCG mechanism influences firm value. Partially, managerial and institutional ownership also independent commissioners are three of the five GCG mechanisms that impact company value. Meanwhile the other two; audit committees and boards of directors, have no impact on firm value.

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“…In today's global market, businesses are facing increased competition from their peers. This is due to a shift in market conditions that has made competition more intense (Alifia & Sanusi, 2021). Companies with a public offering typically have both short-and long-term objectives.…”

Section: Introductionmentioning

confidence: 99%

“…Institutional ownership is regarded as a useful oversight mechanism for each managerial decision. Institutions play a crucial role in a company by controlling the actions of managers and ensuring that they prioritize the company's resources over their personal interests (Alifia & Sanusi, 2021). Institutional ownership proxies affect firm value, according to research by (Febrianti & Uswati Dewi, 2019).…”

Section: Introductionmentioning

confidence: 99%

Good Corporate Governance, Intellectual Capital, And Operational Efficiency: Affect Company Value

Suzan

Ardiansyah

2023

JAA

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Purpose: As the best measure of company health, companies that have gone public often try to increase shareholder value. One of them is the company value because it describes the condition of the company. This study attempts to find out how corporate governance, intellectual capital, and operational efficiency affect company value. Methodology/approach: This study uses quantitative data from 15 companies in the IDX BUMN20 Stock Index for 2018–2021. Findings: The research findings show that institutional ownership and intellectual capital significantly and beneficially affect company value. Meanwhile, independent commissioners, audit committees, managerial ownership, and operational efficiency have no visible impact. This shows how institutional ownership is a component that can improve performance through supervision. At the same time, intellectual capital management is proven to maximize the company's value. Practical and Theoretical contribution/Originality: The implication is that companies that disclose intellectual capital and uphold institutional ownership will give a positive signal to investors in making investment decisions. Research Limitation: Future studies may be useful to compare firm values during and after the COVID-19 pandemic by using the factors examined in this research to provide a specific picture of how investors respond to the two conditions and their relation to signal theory.

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The Influence of Institutional Ownership on Corporate Values With Debt Equity Ratio and Profitability as Intervening Variables

Cited by 3 publications

References 7 publications

Institutional Ownership Effect on Company Values with CSR and DER as An Intervening Variable

Institutional Ownership Effect on Company Values with CSR and DER as An Intervening Variable

Mekanisme Good Corporate Governance Terhadap Nilai Perusahaan Barang Baku Di Indonesia

Good Corporate Governance, Intellectual Capital, And Operational Efficiency: Affect Company Value

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