The effect of capital structure, institutional ownership, managerial ownership, and profitability on company values in manufacturing companies

Jhonatan Trafalgar, Laely Aghe Africa

Abstract


This study aims to exemine the effect of capital structure, institutional ownership, managerial ownership and profitability on firm value. In this study using independent variables used in this study are Debt to Equity Ratio (DER), institutional ownership, managerial ownership, and Return On Equity (ROE). While the dependent variable used in this study is the firm value of secondary company data from Indonesia Stock Exchange (BEI) period 2014-2017. The population used is all manufacturing companies listed on the Indonesia Stock Exchange (BEI) in 2014-2017 with sample manufacturing sector multifarious industry. Sampling method used is purposive sampling where in determining the sample has been determined criteria made by the researcher, so that the research will be done must meet the criteria that have been determined. Sampling technique in this research is multiple liniear regression analysis technique using SPSS 23. Based on the result of the research, the result shows that Debt to Equity Ratio (DER), institutional ownership, managerial ownership have no significant influence on the firm value. While the Return On Equity (ROE) has a significant influence on the value of company. So that corporate goals can be achieved if the company’s performance is able to optimize the value of the company.

Keywords


Capital Structure, Institutional Own-ership, Managerial Ownership, ROE, Firm Value

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DOI: http://dx.doi.org/10.14414/tiar.v9i1.1619

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