Reciprocal Relationship Between Institutional Ownership And Firm Performance
| Main Authors: | Halim, Leny, Suk, Kim Sung |
|---|---|
| Format: | Article application/pdf eJournal |
| Bahasa: | eng |
| Terbitan: |
STIE Kesatuan
, 2014
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| Subjects: | |
| Online Access: |
http://jurnal.stiekesatuan.ac.id/index.php/jimk/article/view/874 |
Daftar Isi:
- This study was conductedtoseehowthe relationshipbetweeninstitutionalownershipand corporate performance. In addition, todeterminewhether it is truethat theeffect ofinstitutionalownershipon the performance ofnon-conglomerate firmswill be betterthan theconglomerate. This studyusessecondary dataof 260companiesthat have beenlisted onthe Jakarta Stock Exchangefor the period from2007 to 2011, notincluding thenew companylistings inthe period,in addition tothefinancialcompanyis alsonotincludedin this studydue toits financial statementsthathavedifferentcharacteristicswithother companiesin general. Dataprocessingusingpanel data, whichusesthe combinedinformationoftime seriesandcross section. Empirical modelused ispanelTwo Stage LeastSquare(2SLS). Resultsofthe studyconfirmed theirpositivereciprocal relationshipbetweeninstitutionalownershipand corporate performance. Andalsothe effectof institutionalownershipon firm performanceis greater innonconglomeratefirmscompared toconglomerate firms. Keywords : institutional ownership, firm performance