The Effect Of Ownership Structure On The Performance Of Intellectual Capital

This study aims to show empirical evidence of the effect of managerial ownership, institutional ownership, foreign ownership and government ownership on intellectual capital performance as the dependent variable. This study relates the influence between these variables by expanding the concept and understanding of Resource-Based Theory, Agency Theory and Stakeholder Theory. The sample in this study is the mining sector companies listed on the Indonesia Stock Exchange in 2016-2019 using purposive sampling technique, namely selecting samples with certain criteria to get more valid results. The data analysis technique used is the classical assumption test, then the results are analyzed using multiple regression analysis to prove the influence between variables by utilizing an accurate SPSS application. The results of this study indicate that institutional ownership and foreign ownership have a positive effect on intellectual capital performance in mining companies, while managerial ownership and government ownership do not show any effect on intellectual capital performance in mining companies in Indonesia. This research contributes to the theory and practice of companies in the conduct of business. However, this study has not been able to prove the influence of managerial and government ownership on intellectual capital performance, so that further research can consider other corporate sectors whose managerial and government ownership is quite dominant.

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The effect of managerial ownership, institutional ownership, and foreign ownership on intellectual capital

The Indonesian Accounting Review ◽

10.14414/tiar.v9i1.1631 ◽

2019 ◽

Vol 9 (1) ◽

pp. 15

Author(s):

Magu Oktavian ◽

Nurmala Ahmar

Keyword(s):

Intellectual Capital ◽

Stock Exchange ◽

Value Added ◽

Sampling Technique ◽

Institutional Ownership ◽

Foreign Ownership ◽

Managerial Ownership ◽

Purposive Sampling ◽

Extended Value

This research aims to examine the effect of managerial ownership, institutional ownership, and foreign ownership on intellectual capital performance. The intellectual capital performance is measured by Extended Value Added Intellectual Capital Plus (E-VAIC Plus) which was developed by Ulum (2014). Managerial ownership is measured by the ratio of the number of stocks owned by the managers over the total company’s stocks outstanding. Institutional ownership is measured by the ratio of the number of stocks owned by institutions over the total company’s stocks outstanding. Foreign ownership is measured by the ratio of the number of stocks owned by foreign parties over the total company’s stocks outstanding. It sused a population of 34 banking companies listed on the Indonesia Stock Exchange in the period 2013-2016. They were taken using a purposive sampling technique, consisting of 20 banks. The data were analyzed using SEM-PLS. The results showed that managerial ownership has an effect on intellectual capital performance. Institutional ownership has no effect on intellectual capital performance. Foreign ownership has no effect on intellectual capital performance.

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Ownership Structure and Firm Value of Quoted Consumers Goods Firms in Nigeria

Journal of Accounting and Strategic Finance ◽

10.33005/jasf.v3i2.65 ◽

2020 ◽

Vol 3 (2) ◽

pp. 214-228

Author(s):

Godwin Emmanuel Oyedokun ◽

Shehu Isah ◽

Niyi Solomon Awotomilusi

Keyword(s):

Ownership Structure ◽

Consumer Goods ◽

Firm Value ◽

Stock Exchange ◽

Sampling Technique ◽

Institutional Ownership ◽

Foreign Ownership ◽

Ownership Concentration ◽

Annual Reports ◽

Managerial Ownership

This study examined the ownership structure's effect on the firms' value of quoted manufacturing firms (consumer goods) in Nigeria for 2010-2018. The total numbers of quoted consumer goods firms in the Nigeria stock exchange as of 31st December 2018 were twenty-one (21). A judgmental sampling technique was used to sample nineteen (19) consumer goods firms for the study. The study sought to examine whether ownership structure proxy by managerial Ownership, Institutional Ownership, foreign Ownership, and ownership concentration affect firms' values of quoted consumer goods in Nigeria. Data were collected from secondary sources through the annual reports and accounts of sampled consumer goods firms in Nigeria. The study adopted a panel regression technique as a tool of analysis. The result showed a negative effect of managerial ownership on firm value. While institutional Ownership, foreign Ownership, and Ownership concentration all positively affect the firm value of consumer goods firms in Nigeria. Therefore, the study recommends that the numbers of shares held by management should be reduced to increase the firm value of the listed consumer goods companies in Nigeria.

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Pengaruh Kepemilikan Institusional, Kepemilikan Manajerial, dan Kepemilikan Asing Pada Pengungkapan Corporate Social Responsibility

E-Jurnal Akuntansi ◽

10.24843/eja.2019.v29.i01.p30 ◽

2019 ◽

Vol 29 (1) ◽

pp. 468

Author(s):

Patrisia Adiputri Singal ◽

I Nym Wijana Asmara Putra

Keyword(s):

Corporate Social Responsibility ◽

Social Responsibility ◽

Stock Exchange ◽

Secondary Data ◽

Institutional Ownership ◽

Foreign Ownership ◽

Managerial Ownership ◽

Analysis Technique ◽

Negative Effect ◽

Corporate Social

One of the factors of corporate governance that influence the implementation of CSR is the ownership structure. The emergence of corporate ownership structures results from a comparison of the number of shareholders in the company. The purpose of this study was to determine the effect of institutional ownership, managerial ownership, and foreign ownership on disclosure of corporate social responsibility (CSR). This research was conducted on the Indonesia Stock Exchange in the period 2013-2017. The sample of this research was 40 Infrastructure, Utilities and Transportation companies using purposive random sampling, where samples were taken based on certain criteria. Data collection of this study uses secondary data. The analysis technique used is the Analysis of Multiple Linear Regression. The results of this study indicate that institutional ownership and managerial ownership have a positive effect on CSR, while foreign ownership has no significant negative effect on disclosure of CSR. Keywords : Institutional Ownership; Managerial Ownership; Foreign Ownership; Disclosure Of Corporate Social Responsibility.

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Struktur Kepemilikan Dan Struktur Dewan Perusahaan

Jurnal Manajemen Teori dan Terapan | Journal of Theory and Applied Management ◽

10.20473/jmtt.v7i3.2709 ◽

2016 ◽

Vol 7 (3) ◽

Author(s):

Ella Budiarti ◽

Chorry Sulistyowati

Keyword(s):

Stock Exchange ◽

Secondary Data ◽

Foreign Ownership ◽

Managerial Ownership ◽

Board Structure ◽

Government Ownership ◽

Corporate Board ◽

Analysis Technique ◽

Governance Practices ◽

Financial Firm

This study aims to determine the effect of ownership structure and corporate board structure. This study use two-tiers board system and use secondary data from non-financial firm which fulfill the requirement and listing in Indonesia Stock Exchange from 2010-2013. The analysis technique used a quantitative method with multiple linear regression. The object of research used in this research are non financial companies listed on the Stock Exchange in 2010 to 2013 the number of samples obtained some 191 samples. The results obtained are foreign ownership and managerial ownership negative significant with board size. And managerial dan government ownership negative significant with independent commissioners but foreign ownership has positive significant. The results emphasize that different ownership has behavior and preferences for corporate governance practices especially board structures.

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Pengaruh Kepemilikan Manajerial, Kepemilikan Institusional, Kepemilikan Asing, dan Ukuran Perusahaan terhadap Kinerja Modal Intelektual (Studi Empiris pada Perusahaan Perbankan yang Terdaftar di Bursa Efek Indonesia Tahun 2015-2017)

Paediatrica Indonesiana ◽

10.24036/wra.v7i1.104569 ◽

2019 ◽

Vol 7 (1) ◽

pp. 1465

Author(s):

Des Rini Hartati ◽

Efrizal Syofyan ◽

Salma Taqwa

Keyword(s):

Firm Size ◽

Intellectual Capital ◽

Ownership Structure ◽

Banking Sector ◽

Stock Exchange ◽

Value Added ◽

Institutional Ownership ◽

Foreign Ownership ◽

Managerial Ownership ◽

Short Term

The purpose of this study was to determinate the effect of firm size and ownership structure such as manajerial ownership, institutional ownership and foreign ownership towards intellectual capital performance. The method of this study is quantitative. The population in this study was banking sector company in Indonesia Stock Exchange in 2015 until 2017.The sample of this study determined by purposive sampling. Data analysis techniquefor hypothesis testing using multiple regression analysis. The result of this research showed that ownership structure such as manajerial ownership, institutional ownership and foreign ownership have no significant effect while firm size has positive and significant effect to intelectual capital performance. This happens because the proportion of manajerial ownership is low and the institution investor more focused on maximizing profit as short term goals so institution investor seing IC as charges rather than expenses of investment-generating future economic benefit.Based on the results oh this study, it can be suggested that: (1) Company should increase their asset in regard to increase the firm size so company had more financial funding to manage their IC performance and create more value added, and (2) For further researcher, it is suggested to increase the number of sample companies, add other variables and use other proxy in subsequent research.Keywords: Foreign ownership; Intellectual capital performance; Institutiona ownership; Managerial ownership

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THE EFFECT OF OWNERSHIP STRUCTURE ON INCOME SMOOTHING

ACCRUALS ◽

10.35310/accruals.v3i1.41 ◽

2019 ◽

Vol 3 (1) ◽

pp. 73-82

Author(s):

Dudi Pratomo ◽

Kurnia Kurnia ◽

Adli Dzil Ikram

Keyword(s):

Earnings Management ◽

Ownership Structure ◽

Stock Exchange ◽

Sampling Technique ◽

Institutional Ownership ◽

Financial Statements ◽

Income Smoothing ◽

Managerial Ownership ◽

Government Ownership ◽

Control Variables

Income smoothing is an earnings management action by raising or lowering earnings to make it look more stable. This was done by company management for reasons not achieving the company's targets. In financial statements, a stable company profit illustrates that the company had good business continuity.Explained in the concept of corporate governance, institutional ownership, government ownership, and managerial ownership were believed to be able to minimize the occurrence of income smoothing. Therefore, this research was conducted to determine the effect of institutional ownership, government ownership, and managerial ownership with profitability and leverage control variables on income smoothing both simultaneously and partially in BUMN companies listed on the Indonesia Stock Exchange in 2012 - 2017.The technique used to select samples was purposive sampling technique. In the process, 10 research samples were obtained with a period of 6 years, so that 60 sample units were obtained. Then, to carry out the analysis, the analytical method used logistic regression analysis with the software used SPSS 23.0.After the analysis of this study, the results stated that simultaneous institutional ownership, government ownership, and managerial ownership with profitability control variables and leverage had a significant influence on income smoothing. Furthermore, partially the results of this study stated that government ownership had a significant effect on the negative direction of income smoothing. While the other two independent variables, namely institutional ownership and managerial ownership variables did not have a significant effect on income smoothing.

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PERAN COREPORATE SOCIAL RESPONSIBILITY TERHADAP HUBUNGAN ANTARA STRUKTUR KEPEMILIKAN DAN NILAI PERUSAHAAN

JURNAL AKUNTANSI ◽

10.37932/ja.v10i1.236 ◽

2021 ◽

Vol 10 (1) ◽

pp. 1-15

Author(s):

Muhammad Muttaqin ◽

Muhidin Muhidin

Keyword(s):

Ownership Structure ◽

Firm Value ◽

Negative Impact ◽

Stock Exchange ◽

Sampling Technique ◽

Institutional Ownership ◽

Foreign Ownership ◽

Managerial Ownership ◽

Purposive Sampling ◽

Csr Disclosure

AbstractThe research aims to examine the effect of institutional ownership, managerial ownership and foreign ownership on firm value with corporate social responbility disclosure as an mediating variable. The population of this research is the textile and garment sectors companies listed on the Indonesia Stock Exchange (IDX) in 2015 until 2019. The sampling technique using purposive sampling method with total sample 50 of 10 companies. Further this study uses data analysys through multiple linear regressions with two steps using by SPSS version 16. The result showed that ownership structure has an effect on the CSR disclosure simultaneously, other result show that ownership structure has no effect on CSR disclosure partially. The result also shows that ownership structure and CSR disclosure have affect on firm value simultaneously. Than while partially institutional ownership and foreign ownership have negative impact on firm value. Meanwhile managerial ownership and CSR disclosure has no effect on firm value, and CSR disclosure is not an mediating of structure ownership on firm value. Keywords: Structure Ownership, Institusional Ownership, Managerial Ownership, Foreign Ownership, CSR Disclosure, Firm Value. AbstrakTujuan dari penelitian ini adalah untuk menguji pengaruh kepemilikan institusional, kepemilikan manajerial dan kepemilikan asing terhadap nilai perusahaan dengan pengungkapan CSR sebagai variabel intervening. Populasi dalam penelitian ini adalah perusahaan sektor tekstil dan garmen yang terdaftar di Bursa Efek Indonesia pada tahun 2015 sampai 2019. Teknik pengambilan sampel dengan menggunakan metode purposive sampling dengan jumlah sampel 50 dari 10 perusahaan. Hasil penelitian menunjukkan bahwa secara simultan struktur kepemilikan memiliki pengaruh terhadap pengungkapan CSR, hasil penelitian lain menunjukkan secara partial struktur kepemilikan tidak memiliki pengaruh terhadap pengungkapan CSR. Hasil penelitian juga menunjukkan bahwa struktur kepemilikan dan pengungkapan CSR secara simultan memiliki pengaruh terhadap nilai perusahaan. Kemudian yang secara parsial kepemilikan institusional, dan kepemilikan asing memiliki pengaruh negatif terhadap nilai perusahaan. Sementara kepemilikan manajerial dan pengungkapan CSR tidak berpengaruh terhadap nilai perusahaan, dan pengungkapan CSR bukan sebagai mediating dari stuktur kepemilikan terhadap nilai perusahaan. Kata Kunci: Struktur Kepemilikan, Kepemilikan Institusional, Kepemilikan Manajerial, Kepemilikan Asing, Pengungkapan CSR, Nilai Perusahaan.

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Pengaruh Struktur Kepemilikan Terhadap Kebijakan Dividen Perusahaan Manufaktur Yang Terdaftar Di BEI

Jurnal Ekonomi ◽

10.24912/je.v26i3.795 ◽

2021 ◽

Vol 26 (3) ◽

pp. 345

Author(s):

Haura R. T. Effendi, Ferina A. Latiefa, H. S. Lestari

Keyword(s):

Stock Exchange ◽

Manufacturing Sector ◽

Control Variable ◽

Sampling Technique ◽

Institutional Ownership ◽

Foreign Ownership ◽

Dividend Yield ◽

Government Ownership ◽

Panel Data Regression ◽

The Impact

The purpose of this research is to conclude the impact of ownership structure on dividend yield. The sample in this study are companies from the manufacturing sector listed on Indonesia Stock Exchange in 2016-2020. The sampling technique used in this study is purposive sampling and the analysis method is panel data regression. The independent variables in this study are institutional ownership, foreign ownership and government ownership, and the control variable is profitability, with the dividend yield as the dependent variable. The results show that foreign ownership and profitability have a positive effect on dividend yield, while institutional ownership and government ownership have no effect on dividend yield. This study is expected to give implication for company managers. by paying attention to the amount of profit earned so that shareholders get dividend yield, and also expected to be a source of information for potential investors to see the level of profit and dividend yield given by the company to shareholders.

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Pengaruh Kepemilikan Asing, Kepemilikan Institusional dan Leverage terhadap Pengungkapan Corporate Social Responsibility

E-Jurnal Akuntansi ◽

10.24843/eja.2020.v30.i05.p10 ◽

2020 ◽

Vol 30 (5) ◽

pp. 1196

Author(s):

Ni Putu Tista Paradiva Yani ◽

I Dewa Gede Dharma Suputra

Keyword(s):

Corporate Social Responsibility ◽

Social Responsibility ◽

Stock Exchange ◽

Linear Regression Analysis ◽

Sampling Technique ◽

Institutional Ownership ◽

Multiple Linear Regression Analysis ◽

Foreign Ownership ◽

Analysis Technique ◽

Corporate Social

The purpose of this study was to determine the effect of foreign ownership, institutional ownership, and leverage on corporate social responsibility disclosure. The theory used is stakeholder theory. This research was conducted at the Indonesia Stock Exchange (IDX) in the mining company for the period of 2016-2018. Data analysis technique used is multiple linear regression analysis. The method of determining the sample non probability sampling with purposive sampling technique. The number of samples was 51 of 17 companies with a three-year observation period. The analysis shows that foreign ownership, ownership, institutional influence on the disclosure of corporate social responsibility, while leverage does not affect the disclosure of corporate social responsibility. Keywords: Corporate Social Responsibility; Foreign Ownership; Institutional Ownership; and Leverage.

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The Moderation Role of the Audit Committee Quality on the Effect of the Ownership Structure on Intellectual Capital Disclosures

Jurnal Dinamika Akuntansi ◽

10.15294/jda.v10i1.12994 ◽

2018 ◽

Vol 10 (1) ◽

pp. 27-39

Author(s):

Desi Alifia ◽

Muhammad Khafid

Keyword(s):

Intellectual Capital ◽

Ownership Structure ◽

Audit Committee ◽

Institutional Ownership ◽

Foreign Ownership ◽

Managerial Ownership ◽

Government Ownership ◽

Disclosure Practice

Intellectual capital is an intangible asset which is able to increase company’s value. Intellectual capital inherent to skill, knowledge and experience that can create competitive advantage for company. The purposes of this study are to analyze the effect of ownership structure (managerial ownership, institutional ownership, government ownership, foreign ownership with the quality of audit committee as moderating variable on intellectual capital. The population of this study is financial companies listed in Indonesia Stock Exchange from 2013 until 2015. Samples are selected using purposive sampling method, and obtained 165 units as observations. Data was collected by documentation, and the analysis data is moderated regression analysis. The study found that managerial ownership has negative effect on intellectual capital disclosure. Government ownership and foreign ownership has positive effect on intellectual capital disclosure, and institutional ownership has not been proven to effect on intellectual capital disclosure. Then, the study also found that the quality of audit committee has significant effect as a moderating variable on the influence of institutional ownership, but it has not been proven to have a moderating effect on the influence of managerial ownership, government ownership and foreign ownership intellectual capital disclosure. The recommendation for further study is to use another technique such as questionnaires that is directly given to company for discovering the level of company’s intellectual capital disclosure. For the company, the limitation of managerial ownership can be used as a control to the company disclosure practice, and improve the role of audit committee to maximize disclosure practice in the company.

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