167,803 research outputs found

    The Influence of Managerial Ownership and Institutional Ownership on Agency Costs (Studies on Manufacturing Companies in The Basic Industrial and Chemical Sectors Listed on The Indonesia Stock Exchange)

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    The purpose of this study is to examine and analyze: (1) the effect of managerial ownership on agency costs, (2) the effect of institutional ownership on agency costs, and (3) the effect of managerial ownership and institutional ownership simultaneously affect to agency costs. This research was conducted at the primary industrial sector and chemical of manufacturing companies that listed on the Indonesia stock exchange 2014-2016. The companies analyzed amounted to 18 companies determined based on sampling criteria. The analysis method used is panel data analysis by using Eviews 9 programming computer. The results of this study found that managerial ownership has an insignificant relationship with agency cost. The institutional ownership has an insignificant with agency costs. The managerial ownership and institutional ownership have no significant effect on agency costs, simultaneous

    ASPEK STRUKTUR KEPEMILIKAN PADA NILAI PERUSAHAAN : PERAN MEDIASI KUALITAS LABA

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    The goal of this research is to find evidence that managerial and institutional ownership affect earnings quality, and that earnings quality mediates the effect of managerial and institutional ownership on firm value. Firm value is measured  using Tobin's Q, earnings quality uses earnings persistence, managerial ownership uses INSDR and institutional ownership uses the percentage of share ownership divided by the company's total shares. This research was conducted on manufacturing companies from 2013 to 2017 and the sample used was 48 companies with a total of 240 observations. Path analysis was the analytical method used in this study. From these tests it is known that managerial ownership has a negative effect on earnings quality; institutional ownership has a positive effect on earnings quality; managerial ownership has no effect on firm value, institutional ownership has no effect on firm value. Earnings quality is not able to mediate the effect of managerial ownership on firm value, and conversely earnings quality is able to mediate the effect of institutional ownership on firm valu

    Pengaruh Kepemilikan Manajerial dan Institusional Terhadap Nilai Perusahan Dengan Corporate Social Responsibility Sebagai Variabel Moderating

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    This study aims to examine the effect of managerial ownership and constitutional ownership of firm value and examine corporate social responsibility in moderating the effect of managerial ownership and the effect of institutional ownership on firm value. The method used in this study is EViews, with a sample of manufacturing companies listed on the Jakarta Stock Exchange in 2014 - 2016. The results showed that managerial ownership had a significant negative effect, institutional ownership had no significant effect or no effect on firm value. Corporate Social Resposibility (CSR) cannot moderate the effect of managerial ownership and institutional ownership on firm valu

    Ownership Structure, Independent Commissioner, and Corporate Social Responsibility

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    The purpose of this research is to test the effect of managerial ownership, institutional ownership, foreign ownership and independent commissioner to corporate social responsibility (CSR). The population of this study is the manufacturing sector companies listed on the Indonesia Stock Exchange amounted to 146 companies. While the manufacturing companies that have complete data (CSR, managerial ownership, institutional ownership, foreign ownership and independent commissioner) for the period 2012-2014 are as many as 12 companies with 36 observation years and all examined (census). Data analysis in this study used multiple regression with the help of SPSS. The results show that managerial ownership, foreign ownership and independent commissioners are negatively related to CSR. Institutional ownership is positively related to CSR. Keywords: Managerial Ownership, Institutional Ownership, Foreign Ownership, Independent Commissioner, Corporate Social Responsibility (CSR

    Pengaruh Likuiditas,Kepemilikan Manajerial Dan Kepemilikan Institusional Terhadap Kebijakan Hutang (Studi Kasus pada Perusahaan Sektor Transportasi Pada tahun 2015-2019)

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    AbstractThis study aims to determine the effect of liquidity, managerial ownership and institutional ownership policies on the company (a case study on the transportation sector in 2015-2019). The variables used in this study are related variables are liabilities, while the independent variables are liquidity, managerial ownership, and institutional ownership. The results of this study partially show that liquidity has a negative and significant effect on debt. partially shows that managerial ownership has a positive and significant effect on debt policy. Based on the partial test results indicate that institutional ownership has a positive and significant effect on debt policy.Keywords: influence of liquidity, managerial ownership, institutional ownership, debt polic

    The Effect of Ownership Structure and Corporate Social Responsibility on Financial Performance and Firm Value in Mining Sector Companies in Indonesian

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    This study is intended to examine the effect of institutional ownership, managerial ownership, and CSR on financial performance (Model I). This study also conducted tests related to the effect of institutional ownership, managerial ownership, CSR, and financial performance on firm value (Model II). The population used is 39 mining sector companies with a sampling technique using a saturated sample technique. Data analysis was carried out using path analysis techniques with the help of SPSS. The results show that institutional ownership and CSR have a significant effect on financial performance, while managerial ownership has no significant effect on financial performance. Institutional ownership, managerial ownership, CSR, and financial performance were found to have a significant effect on firm value. In addition, financial performance is proven to be able to partially mediate the effect of institutional ownership and CSR on firm value

    The Internal Control System of Russian Corporations

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    corporate form, organizational behavior, institutional complementarity, stock ownership, corporate governance, separation of ownership and management, ownership structure, corporate performance, managerial turnover, Russia

    Analisis Faktor-Faktor Yang Mempengaruhi Kebijakan Dividen

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    This research aims to analyze factors which influence dividend policy. Variables include company life cycle, investment opportunity set, earnings, size, managerial ownership and institutional ownership. This research is used quantitative approach by using multiple linear regression. For samples is the manufacturing company that allocated dividend for period 2004-2008 which listed on PT Bursa Efek Indonesia. The number of observation are equal to 125. Research finding indicates that size, earnings and managerial ownership doesn't affect significantly to dividend policy. Company life cycle gives significantly negative affect to dividend policy, investment opportunity set and institutional ownership significantly positive affect to dividend policy

    PENGARUH KEPEMILIKAN INSTITUSIONAL, KEPEMILIKAN MANAJERIAL, UKURAN KANTOR AKUNTAN PUBLIK, AUDIT TENURE, DAN VOLUNTARY DISCLOSURE TERHADAP COST OF LOAN

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    Putri Mulyawati, 2015: The Influence of Institutional Ownership, Managerial Ownership, Public Accountant Firm Size, Audit Tenure, and Voluntary Disclosure on Cost of Loan. Advisors: (I) Marsellisa Nindito, SE., M.Sc., Ak., CA; (II) Yunika Murdayanti, SE., M.Si., M.Ak. The purpose of this research is to analyze the influence of institutional ownership, managerial ownership, public accountant firm size, audit tenure, and voluntary disclosure on cost of loan. The independent variables in this research are institutional ownership, managerial ownership, public accountant firm size, audit tenure, and voluntary disclosure. Cost of loan as dependent variable. This research uses secondary data which is the annual report and the audited financial report of the company. Sample used in this research are the listed manufacturing companies on Indonesia Stock Exchange during 2013. then the sample used is based on purposive sampling which are 35 companies qualified in this research. This research conducts multiple linear regression analyses method to examine the hypothesis in the level of significance 5%. This research proves that audit tenure have negative and significant influence towards cost of loan, whereas institutional ownership, managerial ownership, public accountant firm size, and voluntary disclosure does not has any influence towards the cost of loan. Institutional ownership, managerial ownership, public accountant firm size, audit tenure, and voluntary disclosure altogether or simultaneously has influence towards cost of loan. The independent variables used such as institutional ownership, managerial ownership, public accountant firm size, audit tenure, and voluntary disclosure enable to explain the dependet variable which is cost of loan 25,7%. Key words: institutional ownership, managerial ownership, public accountant firm size, audit tenure, voluntary disclosure, cost of loa
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