Ownership Structure and Firm Values: Empirical Study on Indonesia Manufacturing Listed Companies
| Main Authors: | Abukosim, Abukosim, Mukhtaruddin, Mukhtaruddin, Ika Sasti, Ferina |
|---|---|
| Format: | Article PeerReviewed Book |
| Bahasa: | eng |
| Terbitan: |
Researchers World ? Journal of Arts Science & Commerce
, 2014
|
| Subjects: | |
| Online Access: |
http://repository.unsri.ac.id/14521/1/Paper_01.pdf http://repository.unsri.ac.id/14521/ |
| ctrlnum |
14521 |
|---|---|
| fullrecord |
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<dc schemaLocation="http://www.openarchives.org/OAI/2.0/oai_dc/ http://www.openarchives.org/OAI/2.0/oai_dc.xsd"><relation>http://repository.unsri.ac.id/14521/</relation><title>Ownership Structure and Firm Values: Empirical Study on Indonesia Manufacturing Listed Companies</title><creator>Abukosim, Abukosim</creator><creator>Mukhtaruddin, Mukhtaruddin</creator><creator>Ika Sasti, Ferina</creator><subject>H Social Sciences (General)</subject><subject>HB1-3840 Economic theory. Demography</subject><description>The companies listed in Indonesia Stock Exchange generally have an organizational structure that separates owners and management. This situation may create a confalict between the owners and the management. However if they share a common goal, it can increase the companies? values. This research is aimed at identifying the influence of ownership structure (managerial, institutional, foreign, and central) on the prices to book values (PBV). Understanding of the ownership structure is important for the control of a company operation. This research uses secondary data; it is based on the annual financial reports of Indonesia Stock Exchange in 2009 ? 2011. A purposive sampling technique is applied, and 32 companies are selected as the sample. The data are analyzed using multiple linear regression and descriptive statistics. The research results show that the ownership structure significantly influences the firms values: (1) the managerial ownership does not have a positive influence on firm value, (2) the institutional ownership has a positive and significant influence on firm vlue, (3) the foreign ownership has a positive and significant influence on firm value, (4) the concentrated ownership does not have a positive influence on firm value. This research is limited to only the ownership structure as the factors influence of firm value</description><publisher>Researchers World ? Journal of Arts Science & Commerce</publisher><date>2014-10</date><type>Journal:Article</type><type>PeerReview:PeerReviewed</type><type>Book:Book</type><language>eng</language><identifier>http://repository.unsri.ac.id/14521/1/Paper_01.pdf</identifier><identifier> Abukosim, Abukosim and Mukhtaruddin, Mukhtaruddin and Ika Sasti, Ferina (2014) Ownership Structure and Firm Values: Empirical Study on Indonesia Manufacturing Listed Companies. Journal of Art Science & Commerce, v (4). pp. 1-14. ISSN 2223-4686 </identifier><recordID>14521</recordID></dc>
|
| language |
eng |
| format |
Journal:Article Journal PeerReview:PeerReviewed PeerReview Book:Book Book |
| author |
Abukosim, Abukosim Mukhtaruddin, Mukhtaruddin Ika Sasti, Ferina |
| title |
Ownership Structure and Firm Values: Empirical Study on Indonesia Manufacturing Listed Companies |
| publisher |
Researchers World ? Journal of Arts Science & Commerce |
| publishDate |
2014 |
| topic |
H Social Sciences (General) HB1-3840 Economic theory. Demography |
| url |
http://repository.unsri.ac.id/14521/1/Paper_01.pdf http://repository.unsri.ac.id/14521/ |
| contents |
The companies listed in Indonesia Stock Exchange generally have an organizational structure that separates owners and management. This situation may create a confalict between the owners and the management. However if they share a common goal, it can increase the companies? values. This research is aimed at identifying the influence of ownership structure (managerial, institutional, foreign, and central) on the prices to book values (PBV). Understanding of the ownership structure is important for the control of a company operation. This research uses secondary data; it is based on the annual financial reports of Indonesia Stock Exchange in 2009 ? 2011. A purposive sampling technique is applied, and 32 companies are selected as the sample. The data are analyzed using multiple linear regression and descriptive statistics. The research results show that the ownership structure significantly influences the firms values: (1) the managerial ownership does not have a positive influence on firm value, (2) the institutional ownership has a positive and significant influence on firm vlue, (3) the foreign ownership has a positive and significant influence on firm value, (4) the concentrated ownership does not have a positive influence on firm value. This research is limited to only the ownership structure as the factors influence of firm value |
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Universitas Sriwijaya |
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