ANALISIS PENGARUH STRUKTUR KEPEMILIKAN DAN CASH HOLDING TERHADAP NILAI PERUSAHAAN

(Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di BEI Periode Tahun 2013 2015)

Authors

  • Mario Yusuf Sekolah Tinggi Ilmu Ekonomi Kesatuan
  • Yayuk Nurjanah Sekolah Tinggi Ilmu Ekonomi Kesatuan

Keywords:

Ownership structure (managerial ownership and institutional ownership), cash holding, firms's value

Abstract

Based on the research gap and the gap phenomenon that has previously
described the research problem in this study, it can be formulated that there are
inconsistencies between empirical phenomena with the existing theory and
research inconsistencies. The using of variables in this research are managerial
ownership, institutional ownership, cash holding and value of enterprise variable
size companies (study on the manufacturing companies listed on the Indonesia
stock exchange period 2013-2015).
The population in this research is all the manufacturing companies listed
on the Indonesian stock exchange from 2013 to 2015 period. A sample in this
research is manufacturing firm in accordance with the specified criteria. A
method of analysis used the statistics descriptive and the assumption of classical
continued with linear regression worship of idols with the level of significance of
5%.
From the results of hypothesis testing with multiple linear regression
analysis, we got the result that the individual variable of managerial and
institutional ownership has no effect on the firm value, While variable of cash
holding effects on firm value. That simultaneous ownership structure (managerial
ownership and institutional ownership) and cash holding affect the firm value. It
is recommended that the future researchers study not only the manufacturing
sector, banking, transportation services and telecommunication which have good
characteristics to be used as the research population but also other financial
variables which influence the value of the company.

Keywords : Ownership structure (managerial ownership and institutional
ownership), cash holding, firms's value

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Published

2021-07-01