Ukuran Perusahaan, Kepemilikan Institusional, Struktur Kapital dan Nilai Perusahaan Publik di Indonesia

Authors

  • Ni Putu Mira Diantari Sadia Universitas Pendidikan Nasional

DOI:

https://doi.org/10.38043/jmb.v16i1.2021

Keywords:

Firm Size, Capital Structure, Ownership Structure and Value of The Company

Abstract

ABSTRACT

               The purpose of this study was to determine the importance of the role of corporate value in the manufacturing industry of public companies in Indonesia. Specifically, this study intends to examine whether company size and ownership structure play a role in increasing the value of the company, especially through the capital structure. This study focuses on manufacturing companies in Indonesia that are listed on the Indonesia Stock Exchange (IDX). Determination of company samples in this study was carried out by purposive sampling method, with the criteria of manufacturing companies listed on the Indonesia Stock Exchange during the period of 2016, the data collection method used in this study was the method of documentation study. The data analysis method used is Path Analysis.

               The results of the study, the minimum value of the company size was 12.74, while the maximum value was 30.87. The average value of company size is 23.98 with a standard deviation value of 4.87. Institutional ownership variables with a minimum value of 0.87 and a maximum value of 99.38 with an average value of 59.57 and a standard deviation of 29.22. The capital structure variable with a minimum value of 10.52 and the highest is 1658.82 with an average value of 133.98 and a standard standard deviation of 19.33. In the variable value of the company it is known that the minimum value is 0.14 and the highest is 62.78 with an average value of 3.35 and a standard deviation of 20.41. Noting the value of the cut-of-value and Goodness of fit results of the model, it appears that the criteria are good so that it is feasible to be used for further testing.

References

Fahmi, I. (2012). Analisis Laporan Keuangan.Cetakan Ke-2. Bandung: Alfabeta.

Ferdinand, A. (2014). Structural Equation Modelling, Dalam Penelitian Manajemen. Edisi 5. Semarang: Badan Penerbit Universitas Diponogoro.

Ferdinand, A.T. (2014). Structural Equation Modeling Dalam Penelitian Manajemen, Edisi 5. Semarang: BP Undip Press.

Handayani, K.A.T., Maradona, A.F., and Darma, G.S. (2018). Firm Size, Business Risk, Asset Structure, Profitability, and Capital Structure, Jurnal Manajemen & Bisnis, 15 (2): 48-57.

Handika, M.R., Maradona, A.F., and Darma, G.S. (2018). Strategi Pemasaran Bisnis Kuliner Menggunakan Influencer Melalui Media Sosial, Jurnal Manajemen & Bisnis, 15 (2): 188-199.

Haruman, T. (2008). Pengaruh Struktur Kepemilikan Terhadap Keputusan Keuangan Dan Nilai Perusahaan Survey pada Perusahaan Manufaktur di PT. Bursa Efek Indonesia. SNA XI: IAI.

Horne, J., C., and Wachowicz, J., M. (2013). Fundamental of Financial Management. Jakarta: Salemba Empat.

Jensen, M.C., and Meckling, W.H. (1976). Theory of the firm: Managerial Behavior, Agency Costs And Ownership Structure, Journal of Financial Economics, 3 (4).

Lucas, A.B.B., and Silveria. (2007). Overconfidence, Managerial Optimis and the Determinants of Capital Structure Modal, Journal Management.

Margaretha, F., and Ramadhan, A.R. (2010). Faktor-faktor yang Mempengaruhi Struktur Modal pada Industri Manufaktur di Bursa Efek Indonesia, Jurnal Bisnis dan Akuntansi, 2 (12): 119-130.

Rahmawati, A., N. (2012). Analisis Faktor Kebijakan Hutang yang Mempengaruhi Nilai Perusahaan (Studi pada Perusahaan Manufaktur yang terdaftar di BEI Periode 2006 – 2010). Skripsi. Fakultas Ekonomi UNDIP, Semarang.

Riyanto, B. (2011). Dasar-Dasar Pembelanjaan Perusahaan. Yogyakarta: BPFE UGM.

Riyanto, B. (2008). Dasar - dasar Pembelanjaan. Yogyakarta: BPFE.

Rusmahadewi, I.A., and Darma, G.S. (2018). Team Engagement and Performance Management (A Study of Banking Industry), Jurnal Manajemen & Bisnis, 15 (3): 38-50.

Sally, M.O. (2017). Pengaruh Kepemilikan Manajerial, dan Kepemilikan Institusional Terhadap Nilai Perusahaan (Studi Pada Perusahaan Manufaktur Terdaftar Di Bursa Efek Indonesia Pada Tahun 2009-2015). Artikel Ilmiah. Sekolah Tinggi Ilmu Perbanas, Surabaya.

Sugiarto, M. (2011). Pengaruh Struktur Kepemilikan Dan Kebijakan Dividen Terhadap Nilai Perusahaan Dengan Kebijakan Hutang Sebagai Intervening, Jurnal Akuntansi Kontemporer, 3 (1).

Sujoko & Ugy, S. (2007). Pengaruh Struktur Kepemilikan, Leverage, Faktor Intern, dan Faktor Ekstern terhadap Nilai Perusahaan (Studi Empirik pada Perusahaan Manufaktur dan Non Manufaktur di Bursa Efek Jakarta), Jurnal Manajemen dan Kewirausahaan, 9 (1): 41-48.

Vranakis, S., K., and Prodmoros, D., C. (2012). A Conceptual Model For Machinery And Aquipment Investment Decisions, International Journal of Business and Management, 7 (1): 36-57.

Wahyudi & Pawestri. (2006). Implikasi Struktur Kepemilikan terhadap Nilai Perusahaan: dengan Keputusan Keuangan sebagai Variabel Intervening. Simposium Nasional Akuntansi 9, Padang. 1-25.

Widigdo, I. (2013). Effect of Corporate Social Performance, Intellectual Capital, Ownership Structure, and Corporate Governance on Corporate Performace and Firm Value (Studies on Companies Listed in the Sri-Kehati Index, International Journal of Business, Economics and Law, 2 (1): 87-106.

Downloads

Published

2019-01-18

How to Cite

Mira Diantari Sadia, N. P. (2019). Ukuran Perusahaan, Kepemilikan Institusional, Struktur Kapital dan Nilai Perusahaan Publik di Indonesia. Jurnal Manajemen Bisnis, 16(1), 87-102. https://doi.org/10.38043/jmb.v16i1.2021

Issue

Section

Articles