scholarly journals PERAN PROFITABILITAS DALAM MEMEDIASI PENGARUH KEPEMILIKAN MANAJERIAL TERHADAP CORPORATE VALUE

2021 ◽  
Vol 8 (1) ◽  
pp. 68-83
Author(s):  
Alit - Prabowo ◽  
Sri - Ayem

Penelitian ini bertujuan untuk mengetahui pengaruh kepemilikan manajerial terhadap corporate value dengan profitabilitas sebagai variabel intervening. Populasi yang digunalan dalam penelitian ini adalah perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia (BEI) periode 2015-2018. Metode pengambilan sampel menggunakan purposive sampling dan diperoleh sampel sebanyak 44 perusahaan. Teknik analisis data yang digunakan adalah teknik analisis regesi dan analisis jalur. Hasil penelitian menunjukkan bahwa (1) kepemilikan manajerial tidak berpengaruh positif terhadap profitabilitas, (2) kepemilikan manajerial tidak berpengaruh positif terhadap corporate value, (3) profitabilitas berpengaruh positif terhadap corporate value dan (4) kepemilikan manajerial berpengaruh positif terhadap corporate value melalui profitabilitas.

2015 ◽  
Vol 5 (2) ◽  
pp. 161
Author(s):  
Kukuh Fertion

Recent studies are paid attention to see whether there is a difference among the factors related to stock in companies listed in stock exchange. Therefore, it is also salient to do the same research so that more evidence can be gathered. The purpose of this research is to find the differences in stock return, corporate value, and risk between the compa-nies listed on SRI-KEHATI Index and those, which are not listed in SRI-KEHATI Index. This research uses secondary data taken from public companies listed on Indo-nesia Stock Exchange (BEI). The population consists of the companies listed on SRI-KEHATI Index to be compared with the companies listed in Indonesia Stock Exchange (BEI) from 2010 to 2013. The purposive sampling method is used in this study accord-ing to the criteria of assessment. The quantitative method is used to analyze this study. The signaling theory is the basic theory of this research. The analysis technique is using independent sample t-test. The result indicates that there is no difference in stock return, corporate value, and risk between the companies listed and those which are not listed on SRI-KEHATI index.


2020 ◽  
Vol 4 (1) ◽  
pp. 1
Author(s):  
Dana Eka Setiawan ◽  
Ika Yustina Rahmawati

<p><em>This study aims to examine the effect of liquidity, profitability, leverage on corporate value with dividend policy and the BI Rate as a moderating variable on banking companies listed on the Indonesia Stock Exchange in 2014-2017. The study used a purposive sampling method for sampling, as many as 13 banks based on criteria. This study uses secondary data from company annual reports. Data were analyzed using SPSS 25. The results showed that: liquidity had a negative and not significant effect on corporate value, profitability had a positive and significant effect on corporate value, leverage had a negative and not significant effect on corporate value, dividend policy and the BI Rate are not able to moderate the effect of liquidity, profitability, and leverage on corporate value.</em></p>


2019 ◽  
Vol 1 (2) ◽  
pp. 58-66
Author(s):  
Reni Susanti ◽  
Imanda Firmantyas Putri Pertiwi

The purpose of this research is to find out the role of ISR disclosure as a moderator of the relationship between profitability and leverage on firm value in companies listed in JII for the 2014-2018 period. This research uses quantitative research using Moderated Regression Analysis (MRA). This study uses secondary data in the form of panel data on companies registered in JII for the 2014-2018 period. The populations in this study are all companies registered in JII during the 2014-2018 period. The sampling method is carried out by purposive sampling by using several criteria to obtain 15 companies used as research samples. The results of this study indicate that profitability and leverage affect the value of the company. The results of the Moderated Regression Analysis (MRA) analysis show that disclosure of the ISR is able to moderate the relationship between profitability and firm value but towards the negative. However, ISR disclosure is not able to moderate the relationship between leverage and firm value.


2017 ◽  
Vol 9 (8) ◽  
pp. 103 ◽  
Author(s):  
Purwohandoko

This study aims to examine the effect of size, growth, and profitability on corporate value with capital structure as a mediator.This study was conducted on agricultural companies listed on the Indonesia Stock Exchange from 2011 to 2014. The population of this study is an agricultural company listed on the Indonesia Stock Exchange period 2011-2014 with a sample of 14 companies, using purposive sampling method. Data were analyzed using smartpal, because this research adds capital structure as mediator variable.The results of this study indicate that firm size and firm growth have no effect on capital structure. Profitability negatively affects the capital structure.


2020 ◽  
Vol 1 (1) ◽  
pp. 1-20
Author(s):  
Putria Hafsadillah ◽  
Yusralaini ◽  
Devi Safitri

The purpose of this research was to analyze the effect of financial ratio on corporate value with dividend policy as moderation. Population on this research is all companies listed in Indonesia Stock Exchange (IDX) year 2015-2017. 108 companies selected using the purposive sampling method. Financial ratio used variable liquidity, solvency and profitability. The analysis method of this research is moderate regression analysis (MRA) by using SPSS 25 version. The result of this research shows that: liquidity has no significant effect on the corporate value, solvency and profitability has significant effect on the corporate value. Dividend policy has moderated relationship solvency and profitability with corporate value


2020 ◽  
Vol 15 (1) ◽  
pp. 9-26
Author(s):  
Verawaty Verawaty ◽  
Ade Kemala Jaya ◽  
Megawati Megawati

Abstract: Hedging is an alternative of risk management that aims to protect the assets of company from losses caused by the risk. This research was aimed to analyze the influence of corporate value, liquidity, leverage, growth opportunity, financial distress and firm size to the hedging decision on manufacturing companies listed in Indonesia Stock Exchange. The samples were 24 manufacturing companies which were listed in Indonesia Stock Exchange in the period of 2016-2017 which had been selected by using the purposive sampling technique. The data analysis technique used logistic regression. The research result showed that corporate value, liquidity and growth opportunity did not give any significant influence to the hedging decision whereas leverage, financial distress and firm size had significant influence to the hedging decision. Hedging adalah alternatif manajemen risiko yang bertujuan untuk melindungi aset perusahaan dari kerugian yang diakibatkan oleh risiko. Penelitian ini bertujuan untuk menganalisis pengaruh corporate value, liquidity, leverage, growth opportunity, financial distress dan firm size terhadap keputusan hedging pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia. Sampel yang digunakan adalah 24 perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia periode 2016-2017 dengan menggunakan teknik purposive sampling. Teknik analisis data yang digunakan adalah analisis regresi logistik. Hasil penelitian ini menunjukkan bahwa variabel corporate value, liquidity, dan growth opportunity tidak berpengaruh signifikan terhadap keputusan hedging, sedangkan variabel leverage, financial distress dan firm size berpengaruh signifikan terhadap keputusan hedging. 


2017 ◽  
Vol 3 (2) ◽  
pp. 169-178
Author(s):  
Lidya Avinda Tamalagi ◽  
Muhammad Noval ◽  
Cici Riyanti K Bidin

This study aims to study Managerial and Institutional Ownership of Value of Non-Financial Companies listed on the Stock Exchange. The independent variables consist of Managerial Share Ownership (X1) and Institutional Share (X2), as well as several control variables namely Debt, Size and Age. Dependent variable is Company Value (Y), using Tobins'Q ratio. The research sample is 110 companies with purposive sampling sampling technique. Multiple regression data analysis process. The results showed that share ownership positively and insignificantly to the control variables. The result of managerial-related imposition on a significant corporate value of 0.368%. and Institutional Share Ownership has a positive and insignificant relationship to the company with the controls, variables and companies used as control variables. The test results showed that the significant value of 0.378. Penelitian ini bertujuan untuk menganalisis pengaruh Kepemilikan Saham Manajerial dan Institusional terhadap Nilai Perusahaan Non Keuangan yang terdaftar di BEI. Variabel independen terdiri dari Kepemilikan Saham Manajerial (X1) dan Saham Institusional (X2), serta beberapa variabel kontrol yaitu Hutang, Ukuran dan Umur. Variabel dependen adalah Nilai Perusahaan (Y), diukur menggunakan rasio Tobins’Q. Sampel penelitian sebanyak 110 perusahaan ditentukan dengan tehnik penarikan sampel purposive sampling. Metode analisis data yang digunakan adalah regresi berganda. Hasil penelitian menunjukan bahwa Kepemilikan Saham Manajerial pengaruh positif dan tidak signifikan terhadap nilai perusahaan dengan mengendalikan hutang, ukuran dan umur perusahaan yang bertindak sebagai variabel kontrol. Hasil pengujian menunjukkan bahwa pengaruh kepemilikan saham manajerial terhadap nilai perusahaan memiliki nilai signifikan sebesar 0.368%. dan Kepemilikan Saham Institusional memiliki pengaruh positif dan tidak signifikan terhadap nilai perusahaan dengan mengendalikan hutang, ukuran dan umur perusahaan yang bertindak sebagai variabel kontrol. Hasil pegujian menunjukan bahwa nilai signifikan sebesar 0.378.


2019 ◽  
Vol 5 (1) ◽  
pp. 70-83
Author(s):  
Asnawi Asnawi ◽  
Ridwan Ibrahim ◽  
Mulia Saputra

This study aims to examine the effect of managerial ownership, institutional ownership, and debt policy either jointly or partially to Corporate Value. The sample in this research is Manufacturing Company listed in Indonesia Stock Exchange period 2014-2016, the total sample in this research are 46 manufacturing companies selected by purposive sampling method. This study uses secondary data, secondary data used in the form of financial statement data, annual report (annual report), sustainability reporting, and GCG report from sample companies period 2014-2016. The method of analysis used in this study is multiple linear regression. The results of this study indicate that; (1) managerial ownership, institutional ownership, and debt policy together affect to Corporate Value. (2) Managerial ownership partially does not have affect to Corporate Value. (3) Institutional ownership and Debt policy partially affect to Corporate Value.Keywords: Managerial Ownership, Institutional Ownership, Debt Policy, Corporate Value AbstrakPenelitian ini bertujuan untuk menguji pengaruh kepemilikan manajerial, kepemilikan institusional, dan kebijakan hutang baik secara bersama-sama ataupun parsial terhadap Nilai Perusahaan. Sampel pada penelitian ini adalah Perusahaan Manufaktur yang terdaftar di Bursa Efek Indonesia periode 2014-2016, total sampel pada penelitian ini sebanyak 46 perusahaan manufaktur yang dipilih dengan purposive sampling method. Penelitian ini menggunakan data sekunder, data sekunder yang digunakan adalah berupa berupa data laporan keuangan, laporan tahunan (annual report), sustainability reporting, dan GCG report dari perusahaan sampel periode tahun 2014-2016. Metode analisis yang digunakan pada penelitian ini adalah regresi linear berganda. Hasil penelitian ini menunjukkan bahwa; (1) kepemilikan manajerial, kepemilikan institusional, dan kebijakan hutang secara bersama berpengaruh terhadap nilai perusahaan. (2) kepemilikan manajerial secara parsial tidak berpengaruh terhadap nilai perusahaan. (3) kepemilikan institusional dan kebijakan hutang secara parsial berpengaruh terhadap nilai perusahaan.Kata kunci:    Kepemilikan Manajerial, Kepemilikan Institusional, Kebijakan Hutang, Nilai Perusahaan  


2019 ◽  
Vol 4 (2) ◽  
pp. 267-276
Author(s):  
Tyahya Whisnu Hendratni

The purpose of the study is to examine the antecedents of corporate value on commercial banks listed on the Indonesia Stock Exchange. The financial appearance of money from financial ratios is ROA (Return on Assets) and ROE (Return on Equity). The object of this research is commercial banks listed on the Indonesian stock exchange. After the sample is taken to be observed using the purposive sampling method, there are 74 manufacturing companies. The results of this study indicate that ROA and ROE simultaneously have a significant effect on the value of the company. However, partially, only ROE has a significant effect on the value of the company and NPL. Keyword :  ROA (Return on Asset), ROE (Return on Equity), Non Performing Loan (NPL)


2019 ◽  
pp. 1628
Author(s):  
Yunita Ardianti ◽  
Akram Akram ◽  
Surasni Surasni

This study aims to determine the effect of managerial ownership and independent commissioners on corporate value through CSR. This research was conducted at mining companies listed on the Indonesia Stock Exchange for the period 2016-2017. The population in this study were 82 companies and 36 research samples using purposive sampling method. This study uses path analysis with SPSS 23. Analysis tools. The results of this study indicate that managerial ownership and independent commissions influence CSR simultaneously. Managerial ownership, independent commissioners and CSR have no effect on company value simultaneously. Managerial ownership does not partially affect CSR and companyvalue. Independent commissioners do not partially influence CSR and company value. Keywords: Corporate Value, CSR, Managerial Ownership, Independent    Commissioner


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