Managerial Ownership Research Articles

Profitability, Sales Growth, Ownership Structure on Company Value with Moderation of Capital Structure in Fisihing Company

This research aims to test and analyze the influence of profitability, sales growth, managerial ownership and institutional ownership on company value with capital structure as a moderating variable in fishing companies. This research uses quarterly financial report data obtained from 8 fishing companies listed on the Indonesia Stock Exchange (BEI) for the period from Quarter I 2020 to Quarter III 2023. The sampling technique in this research uses Saturated Sampling Technique with 8 fishing companies selected as sample. This research uses panel data analysis techniques with moderated regression analysis (MRA) on E-views 13. The research results prove that profitability, managerial ownership and capital structure have a positive effect on company value, while sales growth and institutional ownership have no effect on company value. In addition, capital structure is able to moderate profitability on company value.

Pengaruh profitabilitas, likuiditas, leverage, kepemilikan manajerial dan risiko bisnis terhadap kebijakan dividen dengan firm size sebagai variabel moderasi pada perusahaan sektor consumer cyclicals

This study aims to examine the effect of probability, liquidity, leverage, managerial ownership, and business risk on dividend policy and to determine whether firm size can moderate the influence of profitability, liquidity, leverage, managerial ownership, and business risk on dividend policy. The sample of this study consisted of 52 companies confirmed by the Indonesian Stock Exchange in the consumer cyclical industry from 2020-2022. The sampling technique used purposive sampling. The analysis technique uses Multiple Regression Analysis (MRA) with STATA 17. The findings obtained show that managerial ownership has a significant positive effect on dividend policy. Profitability, liquidity, leverage, and business risk do not affect dividend policy. Firm size cannot moderate the effect of profitability, liquidity, Leverage, managerial ownership, and business risk on dividend policy. Under the agency model theory, consumer cyclical companies are expected to monitor the performance and the proportion of managerial ownership shares on deciding dividend policy because the more significant the percentage of managerial share ownership will minimise agency conflicts.

The Influence of Independent Commisioners Managerial Ownership Green Accounting on Financial Performance

The Influence of Independent Commisioners Managerial Ownership Green Accounting on Financial Performance

Board composition, ownership structure and dividend policy: Evidence from NSE listed companies in India

Purpose The purpose of the study is to analyse the influence of board composition and ownership structure on the dividend pay-out policy of selected listed Indian companies. Design/methodology/approach The top 30 companies listed on National Stock Exchange were examined for a period of three financial years from 2019 to 2021. Due to the cross-sectional and time-series character of the data, fixed effect panel model is used as the primary analytical approach. Findings The results revealed that there is a significant and positive association between board size and dividend policy. The results confirm that the firms with higher Indian ownership and non-institutional ownership distribute higher levels of dividend. No significant association was found between board independence and dividend decisions of ratios. Finally, it is observed that there is a positive impact of return on assets on dividend policy. Research limitations/implications Future studies can confirm the impact of ownership determinants and board characteristics on dividend distribution policy by taking stock dividends into account and enlarging the sample size of developing market businesses. They can also investigate ownership factors including management ownership and international ownership, in addition to other board attributes like qualification, tenure and age. This will offer a more thorough comprehension of how these variables relate to dividend policy. Practical implications Because they are better able to assess the financial position and make educated judgments, a diverse and independent board of directors may result in more strategic and cautious dividend policies. The dividend policy of a firm is also influenced by its ownership structure and strategic objectives; small or primary shareholders may exert pressure for larger payments. By focusing on long-term strategic goals rather than immediate requirements, managers may guarantee that interests are aligned. The findings of this study offer significant guidance to management and regulators about the dividend policy of publicly listed corporations. Social implications According to agency theory, the link between ownership structure, board composition and dividend policy may be explained by agency conflicts. Independent directors are necessary for the board to make decisions that effectively balance the interests of management and shareholders, particularly when it comes to paying dividends. According to studies, companies with non-executive directors have greater interest alignment and fewer agency issues. In addition, the ownership structure and makeup of the board are important factors in lowering agency conflicts and enhancing corporate governance procedures. Companies may improve their governance procedures and increase value for shareholders by resolving conflicts of interest. Originality/value The research paper contributes to the existing body of knowledge by analysing and uncovering significant and unknown relationship between board composition, ownership structure and dividend policy. The paper explores the relationship between specific ownership structures and dividend policy in context of a developing country where limited research exists and addresses a research question that has not been extensively studied before.

Impact of corporate governance on tax avoidance

In light of the pivotal role that taxes play as a primary source of income, particularly within developing economies, this study aims to examine the influence of various corporate governance (CG) mechanisms on tax avoidance. We employ three proxies to measure tax avoidance or tax management within companies listed on the Tehran Stock Exchange (TSE). The CG mechanisms under scrutiny encompass board size and independence, CEO duality, auditor type, common stock ratio of at least 5% to total stock, managers' common stock holdings about total stock, gender diversity, manager ownership value, board meeting frequency, CEO stock ownership percentage, institutional shareholders' stock holdings, audit committee membership, and financial specialization. This research investigates 192 companies listed on the TSE, utilizing data available on the TSE website from 2011 to 2021. Our findings indicate that while several CG mechanisms, such as board size and independence, audit firm size, gender diversity, institutional ownership, and the specialization of audit committee members, serve to reduce tax avoidance, CEO duality exacerbates it. Moreover, profitability, financial leverage, and capital significantly inhibit tax avoidance. In contrast, the return on assets (ROA), economic growth, and inflation have a pronounced positive association with tax avoidance. A notable constraint of this study lies in its exclusive focus on publicly listed firms, driven by the availability of relevant information. This study offers valuable insights into the three dimensions of tax avoidance and their interaction with CG mechanisms, with implications for performance monitoring.

Kepemilikan Manajerial sebagai Moderasi Pengaruh Kinerja Keuangan terhadap Financial Distress di Indonesia

One of the main problems influencing Indonesian corporate sustainability is financial distress. The moderating effect of managerial ownership on the impact of financial performance—more especially, liquidity ratios (cash ratio), solvency ratios (DER), and profitability ratios (ROI)—on financial distress is investigated in this paper. Data from 32 food-related companies listed on the Indonesia Stock Exchange (IDX) spanning 2020 to 2023 is used in the study. Analyzed using SmartPLS, which combines inner and outer model assessments to ascertain validity, dependability, and variable influence, Higher profitability and solvency ratios clearly help to lower financial stress; managerial ownership and liquidity have no direct bearing on this regard. Furthermore, managerial ownership indicates that higher managerial ownership reduces financial instability when solvency rises, so improving the relationship between solvency and financial distress. Managerial ownership does not, however, help to moderate the effects of liquidity and profitability on financial distress. These results underline the need of managerial ownership in improving corporate resilience against financial distress.

Pengaruh Independensi Auditor, Kepemilikan Manajerial, Kualitas Audit, dan Leverage terhadap Integritas Laporan Keuangan (Studi Empiris Pada Perusahaan Sektor Properti & Real Estate yang Terdaftar di Bursa Efek Indonesia Periode 2018-2022)

Financial reports are reports produced from various processes of recording financial transactions within the company. This study aims to determine the effect of auditor independence, managerial ownership, audit quality, and leverage on the integrity of financial statements. This research was conducted on property & real estate sector companies listed on the IDX in 2018-2022. The data used is secondary data obtained from financial reports and annual reports of property & real estate sector companies listed on the IDX for 2018-2022. The final sample size was 164 samples during 2018-2022 with a sampling technique using purposive sampling. This study uses quantitative methods and multiple linear regression models with SPSS version 25. The results show that managerial ownership, audit quality, and leverage have a negative and significant effect on the integrity of financial statements. Meanwhile, auditor independence has no influence on the integrity of financial reports.

Meningkatkan Kualitas Laba Melalui Corporate Governance

This study aims to examine the effect of independent commissioners, audit committees, and managerial ownership on earnings quality. This study uses three control variables, namely firm size, profitability, and leverage. The population in this study are manufacturing companies listed on the Indonesia Stock Exchange (IDX) in 2019-2021. Sampling using purposive sampling technique produces 182 data. The results obtained indicate that managerial ownership has a significant positive effect on earnings quality. Ownership of shares owned by directors is considered capable of providing oversight of performance between agents and management. In contrast, independent commissioners and audit committees have no effect on earnings quality. This is because the supervision carried out by independent commissioners and audit committees is considered less than optimal. For the variable firm size, profitability, and leverage have a significant positive effect on earnings quality.

Mekanisme GCG Terhadap Kinerja Keuangan dengan Kinerja Lingkungan sebagai Variabel Intervening

This study integrates the variables that have been studied into a mediation analysis. The population used in this study are Manufacturing Companies Listed on the IDX and PROPER for the 2019-2021 period, totaling 69 companies. The selection or sampling method in this study used a purposive sampling technique, namely the selection or sampling technique with certain considerations and criteria in mind. So that the sample data in this study were 117. The analysis technique used was multivariate with Structural Equation Modeling Partial Least Sequare (SEM-PLS). The research results of the board of directors have an effect on financial performance but have no effect on environmental performance, the board of commissioners has an effect on environmental performance but has no effect on financial performance, an independent board of commissioners has an effect on environmental performance but has no effect on financial performance, the audit committee has no effect on financial performance and environmental performance, institutional ownership has no effect on financial performance and environmental performance, managerial ownership has no effect on financial performance on environmental performance. Environmental performance cannot be an intervening variable in the relationship between the proportions of the board of directors, board of commissioners, independent board of commissioners, audit committee, institutional ownership, and managerial ownership of financial performance.

Pengaruh Intensitas Aset Biologis, Profitabilitas, Ukuran Perusahaan, dan Kepemilikan Manajerial terhadap Pengungkapan Aset Biologis

This study aims to examine the influence of the intensity of biological assets, profitability, company size, and managerial ownership on the disclosure of biological assets in agricultural companies listed on the Indonesia Stock Exchange (IDX) for the period 2016-2021. Based on predetermined criteria using a purposive sampling technique, 42 companies were selected from a population of 130 companies. The results of the study indicate that the intensity of biological assets affects the disclosure of biological assets, but profitability, company size, and managerial ownership do not affect the disclosure of biological assets. Furthermore, the intensity of biological assets, profitability, company size, and managerial ownership did not affect the disclosure of biological assets before the implementation of PSAK 69, according to additional investigations. Then, after the implementation of PSAK 69, the disclosure of biological assets was influenced by the intensity of biological assets and profitability, but not by company size and managerial ownership. The limitation of this study is that it focuses only on four independent variables: the intensity of biological assets, profitability, company size, and managerial ownership. The results of this study indicate that there are additional factors that may influence the disclosure of biological assets.

THE INFLUENCE OF GOOD CORPORATE GOVERNANCE ON THE FINANCIAL PERFORMANCE OF MANUFACTURING COMPANIES LISTED ON THE INDONESIAN STOCK EXCHANGE IN 2011-2013

This study aims to determine the effect of Good Corporate Governance consisting of Institusional Ownership, Board Structure, Audit Committees, Audit Quality, Managerial Ownership, Board Size, Board Commissioners to Financial Performance as measured by ROA. Sampling method in this study using proposive sampling with a sample of 16 companies listed on the Indonesian Stock Exchange in the period is 2011 until 2013. The result show that Institutional Ownership Board Structure, Audit Quality, and the size of the Board of Commissioners positive effect on the company's Financial Performance as measured by ROA. Meanwhile, other test result showed that the Audit Committee, Managerial Ownership and the size of the Board of directors does not affect the company’s Financhial Performance as measured by ROA.

Te Social Responsibility (CSR) and Good Corporate Governance (GCG) Influence on Corporate Financial Performance

The aim of this research is to analyze the influence of CSR which will be viewed from CSR disclosures carried out by the company and GCG PROXIED by institutional ownership, managerial ownership and an independent board of commissioners on the company's financial performance. The population in this research is manufacturing companies listed on the BEI in 2019 - 2021. Sampling used the purposive sampling method that collected 37 companies. The analysis was multiple linear regression analysis. The results of this research indicate that corporate social responsibility, institutional ownership and managerial ownership do not affect on financial performance. Independent board of commissioners has a positive effect on financial performance. The results of this research are expected to provide the government an evaluation material regarding corporate social responsibility regulations.

Managerial Ownership and Managerial Ability on Tax Avoidance: Moderating Role of Firm Size

Managerial Ownership and Managerial Ability on Tax Avoidance: Moderating Role of Firm Size

Effect of managerial ownership and institutional ownership on firm value with profitability as an intervening variable in mining companies listed on the Indonesia Stock Exchange

This study aims to obtain empirical evidence of Managerial and Institutional Ownership of the Mining firm’s value listed on the Indonesia Stock Exchange with profitability as a mediating variable. The sampling technique used purposive sampling, the research samples obtained totalled 13 companies with a research period from 2019-2022 so there were 52 units of analysis. The research design was quantitative descriptive. The analysis technique in this research is the path analysis method. The results showed that Managerial and Institutional Ownership has a significant positive effect on a firm’s value and no effect on profitability. Profitability has no direct effect or mediating effect on a firm’s value. This research implies that companies must pay attention to Managerial and Institutional Ownership and those that can affect the stock price to increase the firm’s value.

The effect of Corporate Social Responsibility, Capital Intensity and Managerial Ownership on Tax Avoidance at Mining Company

The objective of this study is to analyze and examine the effect of corporate social responsibility, capital intensity, and managerial ownership on tax avoidance in mining companies listed on the Indonesian stock exchange. The sample was processed with purposive sampling technique, amounting 72 respondents were obtained from mining companies in the oil, gas and coal subsectors at www.idx.co.id for the period 2020-2022. The research method used is quantitative method with panel data regression as a data analysis technique. The results of this study demonstrate that corporate social responsibility, capital intensity, and managerial ownership simultaneously affect tax avoidance. Corporate social responsibility and capital intensity partially have a significant and negative effect on tax avoidance. Meanwhile, managerial ownership has no effect on tax avoidance.

The Effect of Enterprise Risk Management, Firm Size, Profitability, Leverage, and Managerial Ownership on Firm Value

The phenomenon of a Tobin's q value of less than 1 indicates a decrease in firm value. Knowing the effect of ERM (Enterprise Risk Management), firm size as proxied by ln (total assets), profitability as proxied by return on assets, leverage as proxied by debt to equity ratio, and managerial ownership on firm value by Tobin's q in conventional commercial banks listed on the IDX in 2017-2022 is the aim of the study. Quantitative methods used in this study and data analysis using SPSS 26. The number of samples is 84 data. Firm value impacted simultaneous by ERM, firm size, profitability, leverage, managerial ownership. In the partial test, firm value have no impacted by ERM and managerial ownership, the firm value has a significant negative impacted by firm size, while the firm value show results that have a significant positive impacted by profitability and leverage variables. Other variables can be added in further study such as bank health calculation ratios, including non-performing loans, so that you can get a regression model with high value.

Peran Kepemilikan Manajerial Memoderasi Tingkat Hutang, Ukuran Perusahaan, Arus Kas Operasi Terhadap Persistensi Laba

This study uses management ownership as a moderating variable to examine the effects of debt levels, firm size, and operating cash flow on earnings persistence. Quantitative approaches are employed in this study. Up to 80 samples were selected via purposive selection, with the population of this study consisting of industrials sector companies listed on the Indonesia Stock Exchange in 2019–2022. Multiple linear regression analysis models and moderated regression analysis (MRA) were used for the hypothesis testing, with the moderator variables being tested. The results of this research based on partial testing (t test) probability value of the debt level variable is 0.008. The firm size variable is 0.032. The operating cash flow variable is 0.160. The managerial ownership variable is 0.014. The degree of debt and management ownership have an interaction variable of 0.016. The interaction variable between firm size and managerial ownership is 0.010. Additionally, managerial ownership and operating cash flow interact with a coefficient of 0.132. Known that debt levels and firm size have positive effect on profit persistence, while operating cash flow has no effect on profit persistence. The moderating effect of managerial ownership can amplify the favorable impact of debt levels on earnings persistence. However, the favorable impact of company size and operating cash flow on earnings persistence cannot be amplified by managerial ownership

PENGARUH INVESTMENT DECISION, PROFITABILITY, DAN FAKTOR LAIN TERHADAP FIRM VALUE

The increasing performance of the firm is one of the interests of investors in investing. The value of a firm is reflected in its share price which continues to increase in the long term. The higher the share price, the higher the firm value. The purpose of this study is to obtain empirical evidence about the effect of dividend policy, investment decision, leverage, profitability, firm size, current ratio, managerial ownership, and total assets turnover on firm value. The object of this study are consumer cyclicals and non-cyclicals companies listed on the Indonesia Stock Exchange from year 2020 until year 2022. The selection sample in this study used purposive sampling method with a total 105 data samples used. This study used a multiple regeression in analyzing the data. The results of this study indicate that leverage, profitability, investment decision, and managerial ownership affect firm value. Leverage has a positive effect on firm value, the use of debt as a source of funding can optimize the company's operational activities to obtain the benefits that the company wants to achieve so that it can increase the firm value. Profitability has a positive effect on firm value, high level of profitability will attract investors to invest so that it can increase the firm value. Investment decision has a negative effect on firm value, inappropriate investment decisions can affect the development of a company’s business so that can reduce investor confidence and decrease the firm value. Managerial ownership has a negative effect on firm value, high managerial ownership will make management make decisions only to prosper the interests of management in decision making, so that investors do not have maximum control and decrease the firm value. Meanwhile, the dividend policy, firm size, current ratio, and total assets turnover have no effect on firm value.

The EFFECT OF GROWTH OPPORTUNITY AND OTHER FACTORS ON ACCOUNTING CONSERVATISM

The purpose of this study is to obtain empirical evidence about the effect of institutional ownership, liquidity, growth opportunity, managerial ownership, leverage, and firm size as independent variables on accounting conservatism as the dependent variable. This research uses the market-to-book ratio to measure accounting conservatism. This research uses sample data from companies in the consumer cyclicals and consumer non-cyclicals listed on the Indonesia Stock Exchange (IDX) in 2019-2022. The sample selection in this study used purposive sampling method, resulting in 72 companies that met the criteria and were selected as sample data total 288 data. In testing the hypothesis, this study uses multiple regression method. The result of this study concluded that the independent variable leverage has a positive effect on accounting conservatism, while firm size has a negative effect on accounting conservatism. Meanwhile, the other independent variables institutional ownership, liquidity, growth opportunity and managerial ownership has no affect to accounting conservatism.

Pengaruh Struktur Kepemilikan dan Kebijakan Dividen terhadap Tunneling

Concentrated ownership structure of a company leads to the ability majority shareholders to control the company which can be used to take opportunistic actions. This study to examine the effect of ownership strucuture proxied by managerial ownership, institusional ownership, foreign ownership, public ownership and another variables, dividend policy as well as listed on the Indonesia Stock Exchange in 2020-2022. Tunneling is the transfer of resources out of the company for the interests of controlling shareholders. this type of research is classified as quantitative and uses secondary data from www.idx.co.id. The number of samples is generated by purposive sampling. Sampling of 36 companies according to the criteris multiplied by 3 years of company period making. Logistic regression is the hypothesis test used in this study. The result of this study indicate that managerial ownership has a positive effect on tunneling, while institusional ownership, foreign ownership, public ownership, and dividend policy don not affcet tunneling.