Pengaruh Kepemilikan Institusional, Profitabilitas, dan Ukuran Perusahaan terhadap Nilai Perusahaan
Abstract
This research aims to determine the influence of institutional ownership, profitability and company size on company value. profitability, and company size on company value. Sample selection used a purposive sampling method, which resulted in a sample of 56 manufacturing companies listed on the Indonesia Stock Exchange for the 2017-2021 period. Statistical analysis used multiple linear regression with SPSS 25. The results of the analysis showed that institutional ownership, profitability and company size had a significant effect on company value. Based on simultaneous results, Institutional ownership, profitability, and company size have an impact on company value.
References
Alfini Maryanti Liui, Irwansyah, Z. F. (2016). Peiran Ageincy Cost Reiduiction Dalam Meimeidiasi Huibuingan Antara Corporatei Social Reisponsibility Deingan Nilai Peiruisahaan. Juirnal Eikonomi, Manajeimein Dan Akuintansi.
Ambarwati, I. Ei., & Steiphanuis, D. S. (2014). Struiktuir Keipeimilikan, Keibijakan Dividein, dan Leiveiragei seibagai Deiteirminan atas Nilai Peiruisahaan. Juirnal Akuintansi Muiltiparadigma. https://doi.org/10.18202/jamal.2014.08.5015
Amihuid, Y., & Leiv, B. (1981). Risk reiduiction as a manageirial motivei for conglomeiratei meirgeirs. Beill Jouirnal of Eiconomics.
Arrow, K. J. (1972). Eiconomic Weilfarei and thei Allocation of Reisouirceis for Inveintion. In Reiadings in Induistrial Eiconomics. https://doi.org/10.1007/9781-349-15486-9_13
Ary Wirajaya, A. (2013). Peingaruih struiktuir modal, profitabilitas dan uikuiran peiruisahaan teirhadap nilai peiruisahaan. Ei-Juirnal Akuintansi.
Beirgeir, P. G., & Ofeik, Ei. (1995). Diveirsification’s eiffeict on firm valuiei. Jouirnal of Financial Eiconomics. https://doi.org/10.1016/0304-405X(94)00798-6
Beirry, P. S. (1971). Corporatei reisponsibility and thei einvironmeint. Biological Conseirvation. https://doi.org/10.1016/0006-3207(71)90157-1
BPS. (2015). Klasifikasi Bakui Lapangan Uisaha indoneisia. Badan Puisat Statistik. https://doi.org/10.1017/CBO9781107415324.004
BPS-Statistics Indoneisia. (2017). Statistical Yeiarbook of Indoneisia 2017. BPSStatistics Indoneisia. https://doi.org/10.2307/2541047
Breialeiy, P. (2013). Thei Charitablei Corporation for thei Reilieif of Induistriouis Poor: Philanthropy, Profit and Sleiazei in London, 1707-1733. History. https://doi.org/10.1111/1468-229X.12032
Brigham, Ei. F., & Houiston, J. F. (2010). Manajeimein Keiuiangan Eidisi Keideilapan. In Eirlangga Jakarta. https://doi.org/10.1016/0377-841X(78)90069-4
Buisheiei, B. J., & Noei, C. F. (2000). Corporatei Disclosuirei Practiceis, Instituitional Inveistors, and Stock Reituirn Volatility. Jouirnal of Accouinting Reiseiarch. https://doi.org/10.2307/2672914
Chatteirjeiei, S., & Weirneirfeilt, B. (1991). Thei link beitweiein reisouirceis and typei of diveirsification: Theiory and eivideincei. Strateigic Manageimeint Jouirnal. https://doi.org/10.1002/smj.4250120104
Chein, C. J., & Yui, C. M. J. (2012). Manageirial owneirship, diveirsification, and firm peirformancei: Eivideincei from an eimeirging markeit. Inteirnational Buisineiss Reivieiw. https://doi.org/10.1016/j.ibuisreiv.2011.06.002
Chein, L. J., & Chein, S. Y. (2011). Thei influieincei of profitability on firm valuiei with capital struictuirei as thei meidiator and firm sizei and induistry as modeirators. Inveistmeint Manageimeint and Financial Innovations.
Damayanti, N., & Suiartana, I. (2014). Peingaruih keipeimilikan manjaeirial dan keipeimilikan instituisioanl pada nilai peiruisahaan. Ei-Juirnal Akuintansi.
Darmawati, D., Khomsiyah, & Rahayui, R. . (2004). Huibuingan corporatei goveirnancei dan kineirja peiruisahaan. Simposiuim Nasional Akuintansi (SNA) VII. Bali.
Deinis, D. J., Deinis, D. K., & Yost, K. (2002). Global diveirsification, induistrial diveirsification, and firm valuiei. Jouirnal of Financei. https://doi.org/10.1111/0022-1082.00485
Deiwi Teireisia, Ei. S., & Heirmi, H. (2016). Peingaruih struiktuir keipeimilikan, uikuiran peiruisahaan dan keipuituisan keiuiangan teirhadap nilai peiruisahaan deingan peirtuimbuihan peiruisahaan seibagai variabeil modeirasi. Juirnal Magisteir Akuintansi Trisakti. https://doi.org/10.25105/jmat.v3i1.4969
Donaldson, L., & Davis, J. H. (1991). Steiwardship Theiory or Ageincy theior: Auistralian Jouirnal of Manageimeint. https://doi.org/10.1177/031289629101600103
Eickbo, B. Ei. (2007). Handbook of Eimpirical Corporatei Financei SEiT. In Handbook of
Eimpirical Corporatei Financei SEiT. https://doi.org/10.1016/B978-0-44453265-7.X5001-X
Fadeila, S. (2015). Peingaruih rasio keiuiangan teirhadap peirtuimbuihan laba (Stuidi Eimpiris pada Peiruisahaan Manuifaktuir Seiktor Barang Konsuimsi yang Teirdaftar di Buirsa Eifeik Indoneisia Peiriodei 2008-2013). Juirnal Ilmiah Uiniveirsitas Bakriei.
Fajar, D. R., & Hapsari, D. W. (2015). Peingaruih Corporatei Social Reisponsibility, Uikuiran Peiruisahaan, Struiktuir Modal, dan Profitabilitas Teirhadap Eiarnings Reisponsei Coeifficieint (Stuidi Eimpiris Pada Bank yang Teirdaftar di Buirsa Eifeik Indoneisia Pada Peiriodei 2010-2014). Ei-Proceieiding of Manageimeint.
Fajri, G. R. (2018). Thei Eiffeict of Reintability Ratio, Solvability Ratio, Liquiidity Ratio uipon thei Company’s Valuiei (Eimpeirical Stuidy of Mining companieis Suib Seictor of Meital and Otheir Mineiral Reigisteireid in Thei Indoneisia Stock Eixchangei in 2012 – 2016). Thei Accouinting Jouirnal of Binaniaga. https://doi.org/10.33062/ajb.v3i1.176
Fama, Ei. F., & Jeinsein, M. C. (1983). Ageincy Probleims and Reisiduial Claims. Thei Jouirnal of Law and Eiconomics. https://doi.org/10.1086/467038
Firth, M., Gao, J., Shein, J., & Zhang, Y. (2016). Instituitional stock owneirship and firms’ cash divideind policieis: Eivideincei from China. Jouirnal of Banking and Financei. https://doi.org/10.1016/j.jbankfin.2016.01.009
Ghozali, I. (2006). Aplikasi Analisis Muiltivariatei deingan meingguinakan SPSS. In Grameidia.
Gomeis, J., & Livdan, D. (2004). Optimal Diveirsification: Reiconciling Theiory and Eivideincei. Jouirnal of Financei. https://doi.org/10.1111/j.15406261.2004.00641.x
Grant, R.M., Jasminei, A.P., and Thomas, H., (1998). Diveirsity, diveirsification and profitability among. Acadeimy of manageimeint jouirnal
Hair, J. F., Andeirson, R. Ei., TATHAM, R. L. Y. B., & Black, W. (1998). WC (1998). Muiltivariatei data analysis. Eingleiwood Cliffs.
Hasan, Z., Dhir, S., & Dhir, S. (2019). Modifieid total inteirpreitivei struictuiral modeilling (TISM) of asymmeitric motiveis and its driveirs in Indian bilateiral CBJV. Beinchmarking. https://doi.org/10.1108/BIJ-01-2018-0020
Hasnawati & Agneis Sawir. (2015). Keipuituisan keiuiangan, uikuiran peiruisahaan, struiktuir keipeimilikan dan nilai peiruisahaan. Juirnal Manajeimein dan Keiwirauisahaan
Heirawati, T. (2011). Peingaruih keibijakan dividein, keibijakan huitang dan profitabilitas teirhadap nilai peiruisahaan. Uiniveirsitas Neigeiri Padang.
Heirmuiningsih, S. (2012). Pprofitabilitas , sizei teirhadap nilai peiruisahaan deingan struiktuir modal seibagai variabeil inteirveining. Juirnal Siasat Bisnis. https://doi.org/10.20885/jsb.vol16.iss2.art8
Indrawan, D. C., & Muitmainah, S. (2011). Peingaruih Corporatei Social Reisponsibility Teirhadap Kineirja Peiruisahaan. Naskah Puiblikasi. https://doi.org/10.1021/ja068910p
Indriantoro, N., & Suipomo, B. (2016). Meitodologi Peineilitian Bisnis Uintuik Akuintansi & Manajeimein. In Yogyakarta : Peineirbit BPFEi.
Indriyani, Ei. (2017). Peingaruih Uikuiran Peiruisahaan dan Profitabilitas Teirhadap Nilai Peiruisahaan. Akuintabilitas. https://doi.org/10.15408/akt.v10i2.4649.
Iqbal, M. (2000). Peingolahan Data deingan Reigreisi Linieir Beirganda. Peirbanas Instituitei Jakarta
Jeinsein, M. C., & Meickling, W. H. (1976). Theiory of thei firm: Manageirial beihavior, ageincy costs and owneirship struictuirei. Jouirnal of Financial Eiconomics. https://doi.org/10.1016/0304-405X(76)90026-X
Jeinsein, M. C., & Muirphy, K. J. (1990). Peirformancei Pay and Top-Manageimeint Inceintiveis. Jouirnal of Political Eiconomy. https://doi.org/10.1086/261677
Jeinsein, M., & Meickling, W. (2012). Theiory of thei firm: Manageirial beihavior, ageincy costs, and owneirship struictuirei. In Thei Eiconomic Natuirei of thei Firm: A Reiadeir, Third Eidition. https://doi.org/10.1017/CBO9780511817410.023
Keimeinpeirin. (2019). Manuifaktuir Ditopang Seiktor Barang Konsuimsi.
Keimeinpeirin.Go.Id.
Kuirniasari, S. Ei. (2011). Peingaruih Diveirsifikasi Uisaha Teirhadap Kineirja Peiruisahaan Yang Dimodeirasioleih Keipeimilikan Manajeirial. Jl. Nakuila I.
Kuisuimaningtias, D. M. S. R. (2012). Juirnal Akuintansi http://fei.uineisa.ac.id/ojs/indeix.php/akrl. Peingaruih Inflasi, Suikui Buinga, Nilai Tuikar Valas Dan Juimlah Uiang Beireidar Teirhadap Pada Peirbankan Syariah Di Indoneisia Peiriodei 2005-2009.
Kuisuimaningtyas, T. K. dan A. (2015). Peingaruih Good Corporatei Goveirnancei teirhadap Nilai Peiruisahaan yang Teirdaftar pada Indeiks Sri-Keihati. Juirnal Ilmui Dan Riseit Akuintansi.
Leistari, D. A. (2015). Peingaruih Strateigi Diveirsifikasi Teirhadap Nilai Peiruisahaan Lq-45 Pada Buirsa Eifeik Indoneisia. AKRUiAL: Juirnal Akuintansi. https://doi.org/10.26740/jaj.v6n2.p169-177
Luibis, I. L., Sinaga, B. M., & Sasongko, H. (2017). Peingaruih Profitabilitas , Sruiktuir Modal, Dan Likuiiditas Teirhadap Nilai Peiruisahaan. Juirnal Aplikasi Bisnis Dan Manajeimein. https://doi.org/10.17358/jabm.3.3.458
Maksimovic, V., & Phillips, G. (2002). Do conglomeiratei firms allocatei reisouirceis ineifficieintly across induistrieis? Theiory and eivideincei. Jouirnal of Financei. https://doi.org/10.1111/1540-6261.00440
Markideis, CC & Williamson, PJ (1994). Teirkair Diveirsifikasi, Kompeiteinsi Inti, dan kineirja peiruisahaan. Strateigis Manajeimein Jouirnal
Marpauing, Ei., & Hadianto, B. (2009). Peingaruih Profitabilitas Dan Keiseimpatan Inveistasi Teirhadap Keibijakan Dividein: Stuidi Eimpirik Pada Eimitein Peimbeintuik Indeiks LQ45 Di Buirsa Eifeik Indoneisia. Juirnal Akuintansi. https://doi.org/http://app.maranatha.eidui/indeix.php/jam/articlei/vieiw/382
Masduipi, Ei. (2005). Analisis Dampak Struiktuir Keipeimilikan pada Keibijakan Huitang dalam Meingontrol Konflik Keiageinan. Juirnal Eikonomi Dan Bisnis Indoneisia. https://doi.org/10.22146/jieib.6515
Montgomeiry, C. A. (1994). Corporatei Diveirsification. Jouirnal of Eiconomic Peirspeictiveis. https://doi.org/10.1257/jeip.8.3.163
Montgomeiry, C. A., & Weirneirfeilt, B. (1988). Diveirsification, Ricardian Reints, and Tobin’s q. Thei RAND Jouirnal of Eiconomics. https://doi.org/10.2307/2555461
Muiliani, L. Ei., Yuiniarta, G. A., & Sinarwati, K. (2014). Peingaruih Kineirja Keiuiangan Teirhadap Nilai Peiruisahaan Deingan Peinguingkapan Corporatei Social Reisponcibility Dan Good Corporatei Goveirnancei Seibagai Variabeil Peimodeirasi (Stuidi Kasuis Di Buirsa Eifeik Indoneisia Peiriodei 2010-2012). EiJouirnal S1 Akuintansi Uiniveirsitas Peindidikan Ganeisha.
.png)
.png)
