scholarly journals THE EFFECT OF SHARE OWNERSHIP STRUCTURE TOWARDS EXPROPRIATION RISK ON THE COMPANIES REGISTERED IN INDONESIA STOCK EXCHANGE

2016 ◽  
Vol 15 (2) ◽  
Author(s):  
Muh. Abdi Imam ◽  
Gagaring Pagalung ◽  
Grace T. Pontoh
Keyword(s):  
Ownership Structure ◽  
Stock Exchange ◽  
Share Ownership ◽  
Expropriation Risk ◽  
Share Ownership Structure

scholarly journals Struktur kepemilikan saham terhadap profitabilitas dan nilai pada perusahaan perbankan

2020 ◽  
Vol 10 (1) ◽  
pp. 105
Author(s):  
Surayya Surayya ◽  
Juliana Kadang
Keyword(s):  
Foreign Exchange ◽  
Ownership Structure ◽  
Commercial Banks ◽  
Firm Value ◽  
Stock Exchange ◽  
Secondary Data ◽  
Public Ownership ◽  
Ownership Structures ◽  
Share Ownership ◽  
Share Ownership Structure

This study aims to determine the effect of managerial and public ownership structures on profitability at the Foreign Exchange National Private Commercial Banks (BUSN), determine the effect of managerial and public ownership structures on firm value at Foreign Exchange National Private Commercial Banks (BUSN), and determine the effect of profitability on firm value in Foreign Exchange National Private Commercial Banks (BUSN). This research method uses descriptive quantitative as a type of research. The population is 35 banking companies, while the sample is 17 banking companies whose financial statements are listed on the Indonesia Stock Exchange. The date were collected through secondary data in the form of documents, namely financial reports for 2016 - 2018. The data analysis technique uses multiple regression analysis. The results showed that there was no influence of managerial share ownership structure on profitability and firm value. Furthermore, there is a significant effect of public share ownership structure on profitability while firm value has no significant effect. The implication is that managerial roles and participation are needed in this case the share ownership structure in order to increase the profitability and value of banking companies such as other companies listed on the Indonesia Stock Exchange.

The effect of share ownership structure on ex-dividend day stock price behavior

2019 ◽  
Vol 45 (6) ◽  
pp. 744-759
Author(s):  
Dong H. Kim
Keyword(s):  
Ownership Structure ◽  
Stock Price ◽  
Individual Investors ◽  
Price Behavior ◽  
Content Type ◽  
Share Ownership ◽  
Investor Heterogeneity ◽  
Closing Price ◽  
The Difference ◽  
Share Ownership Structure

Purpose The purpose of this paper is to explore whether share ownership structure plays a role in determining the ex-day pricing of dividends. If share ownership structure, specifically the proportion of the firm’s stock held by individuals vs institutions, has an effect on the ex-dividend day stock price behavior, the ex-day premium is expected to be different for firms with different ownership structures. Design/methodology/approach To investigate whether the ex-day pricing of dividends is affected by the proportion of the firm’s stock held by individuals vs institutions, the author look into the ex-day premium. The ex-day premium is calculated by dividing the difference between the closing price on the cum-dividend day and the closing price on the ex-dividend day by the amount of the dividend. Findings Consistent with both the tax-based theory and the dynamic trading clientele theory, the author find that the ex-day premium decreases with the level of individual ownership. Consistent with the short-term trading theory, the author also find that the ex-day premium increases with the degree of investor heterogeneity, defined as the product of the proportion of the firm’s stock held by individual investors and the proportion held by institutional investors. Originality/value The author believe that this study contributes to the literature by providing useful evidence that share ownership structure affects the ex-day pricing of dividends, and thus this study will be of interest to the readers of managerial finance.

scholarly journals Corporate Governance in China: A Research Agenda for a Corporate Group and Shareholder Control Perspective

2006 ◽  
Vol 1 (1) ◽  
Author(s):  
Jenny Fu
Keyword(s):  
Corporate Governance ◽  
Ownership Structure ◽  
Relevant Literature ◽  
Listed Companies ◽  
Future Research ◽  
Share Ownership ◽  
Corporate Group ◽  
Legal Contexts ◽  
Share Ownership Structure ◽  
And Control

The share ownership structure of listed companies in China lends support to the research findings of the recent “concentrated share ownership” thesis. However, due to its particular economic, political and legal contexts, the Chinese share ownership structure has its own characteristics. Instead of rich families or banks as seen elsewhere, publicly traded corporations in China are typically controlled by their state-owned founder/sponsor enterprises. Based on an examination of the state of ownership and control in listed companies in China and a brief review of the relevant literature, this paper suggests a corporate group contextual-based approach to understand corporate governance in China. For that purpose, some major issues for future research are also outlined.

PENGARUH FAMILY OWNERSHIP, PERUBAHAN TARIF PAJAK DAN KEBIJAKAN HUTANG TERHADAP NILAI PERUSAHAAN

2017 ◽  
Vol 9 (2) ◽  
Author(s):  
Elfina Astrella Sambuaga
Keyword(s):  
Ownership Structure ◽  
Tax Reform ◽  
Stock Exchange ◽  
Family Ownership ◽  
Corporate Debt ◽  
Tax Rates ◽  
Manufacturing Companies ◽  
The Impact ◽  
The Relationship ◽  
Debt Policy

<p>This study aims to provide empirical evidence related to the influence of family ownership, tax reform on corporate debt policy, and further prove the impact on the firm value.This study examined the effect of changes in tax rates in 2009 and 2010 on the relationship between family ownership structure and corporate debt policy. The population of this research is manufacturing companies listed in Indonesia Stock Exchange for 8 consecutive years (2006-2013), with the period of observation for 7 years (2007-2013). A period of 8 years was taken to see a company that is consistently listed on the Stock Exchange prior to the end of the observation period. The result of this study shows that tax reform from progressive tax rates to a flat rate does not affect the relationship between family ownership structure and corporate debt policy. In contrast to the year 2009, changing rate from 28% to 25% in late 2010 was a significant effect on the debt policy with the company of family ownership. Based on the results, it was found that family ownership and debt policy significantly affect the company's enterprise value. It can be concluded, the higher the family ownership, the company's value would be diminished. Instead, the company's value will increase when the company adds to its debt policy.</p><p>Keywords : debt policy, family ownership, firm value, tax reform.</p>

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