Effect Of Managerial Ownership Research Articles

The Effect of Debt Policy, Profitability and Managerial Ownership on Company Value

The purpose of this study is to determine the effect of debt policy, profitability, and managerial ownership on company value mediated by dividend policy. Data was obtained from the Indonesia Stock Exchange without financial sector companies during the period 2019-2021. The population for this type of company was 264, with a purposively determined sample of 35 companies obtained over three years of observation. The results of this study show that debt policy is not able to have a positive and significant influence on company value, but profitability is able to have a positive and significant influence on company value, In addition, managerial ownership is able to have a positive and significant influence on company value, The results of this study show that dividend policy cannot mediate positively and significantly the effect of policy Debt to company value, also cannot mediate positively and significantly the effect of profitability on company value, and cannot mediate positively and significantly the effect of managerial ownership on company value

PENGARUH KEPEMILIKAN MANAJERIAL, KEPEMILIKAN INSTITUSIONAL, KINERJA KEUANGAN, DAN PERTUMBUHAN PERUSAHAAN TERHADAP KEBIJAKAN DIVIDEN PADA PERUSAHAN MANUFAKTUR YANG TERDAFTAR DI (BEI) PERIODE 2017-2019

The purpose of this study is to empirically examine the effect of managerial ownership, institutional ownership, financial performance, and company growth on dividend policy in manufacturing companies listed on the Indonesia Stock Exchange in the 2017-2019 period. This study uses 44 manufacturing companies as a sample and uses multiple regression analysis. The results of this study indicate that managerial ownership does not have a significant positive effect on dividend policy, institutional ownership does not have a significant positive effect on dividend policy, financial performance does not have a significant positive effect on dividend policy, and company growth has a significant positive effect on dividend policy.

The Influence Of Managerial Ownership, Company Growth And Profitability On Dividend Policy In Lq45 Companies 2019-2021

Dividend policy is a decision about how much of current earnings will be paid out as dividends rather than retained earnings which will then be reinvested in the company. dividend policy can be measured through the dividend payout ratio (DPR). The ratio shows the percentage of the company's earnings that are paid out to shareholders in cash. Companies that have a high DPR and increase from year to year can provide positive signals to investors, because dividend announcements can be used as information by shareholders regarding company performance. This study aims to determine the effect of managerial ownership, company growth, profitability on dividend policy in LQ45 companies 2019-2021. This research is quantitative research. The data used is also secondary data taken from the official website of the Indonesia Stock Exchange in the form of financial reports of LQ45 companies listed on the IDX. Based on the results of data analysis and discussion of the effect of Managerial Ownership, Company Growth, and Profitability on Dividend Policy in LQ45 companies 2019 - 2021, it can be concluded. The managerial ownership variable has no effect on dividend policy as proxied by the dividend payout ratio. The company growth variable affects the dividend policy proxied by the dividend payout ratio. This indicates that any increase or decrease in total assets during the observation period affects the dividend to be distributed to shareholders. The profitability variable has no effect on dividend policy proxied by the dividend payout ratio

Ownership Structure And Risk Management Moderated By Audit Committee On Firm Performance

Ownership Structure And Risk Management Moderated By Audit Committee On Firm Performance

PENGARUH KEPEMILIKAN MANAJERIAL, KEPEMILIKAN INSTITUSIONAL, DAN KOMITE AUDIT TERHADAP KINERJA KEUANGAN

Financial performance is a measure of the extent to which an entity or company achieves its financial and operational goals. Operational activities in a banking can be seen from the financial conditions in a period, both in terms of collecting funds and distributing funds. This research aims to determine the effect of managerial ownership, institutional ownership, and audit committee on financial performance using banking companies from 2016-2022. This research uses secondary data. The sample used in this research was 36 companies with 252 observations. The results of this research indicate that the managerial ownership variable has a positive effect on financial performance. Meanwhile, institutional ownership and audit committee have no effect on financial performance. The implications of this research for investors and future researchers are that it can be used as material for consideration by management, shareholders, investors and other interested parties in making investment decisions and policies, so that it can produce optimal investment and it is hoped that the results of this research can become a reference. in subsequent research with similar research. Based on the results of this research, it is recommended that future researchers can increase the research sample by increasing the number of samples by increasing the number of companies or increasing the number of years of observation.

Good Corporate Governance and Corporate Values with Profitability as a Moderating Variable in Manufacturing Companies Listed on The Indonesia Stock Exchange for the 2012-2021 Period


 
 
 
 Abstract
 This study aims to examine the effect of managerial ownership, institutional ownership, independent board of commissioners, audit committee on firm value with profitability as a moderating variable in manufacturing companies listed on the IDX for the 2012 – 2021 period. The population in this study consisted of 193 manufacturing companies on the IDX for the 2012-2021 period which were selected based on certain criteria using purposive sampling. The research sample consisted of 17 companies, with an observation period of 10 years, so the research sample consisted of 275 samples. The data analysis used was panel data regression, and moderate regression analysis (MRA) was processed using the STATA 17 program. The partial test results prove that managerial ownership has no effect on firm value with a significance value of 0.960 > 0.05, institutional ownership has no effect on firm value with a significance value of 0.718 > 0.05, independent commissioners have an effect on firm value with a significance value of 0.000 <0.05. and the audit committee has no effect on firm value with a significance value of 0.372 > 0.05. Profitability can moderate the relationship between managerial ownership and firm value with a significance value of 0.017 <0.05. Profitability can moderate the relationship between institutional ownership and firm value with a significance value of 0.016 <0.05. Profitability can moderate the relationship between the independent board of commissioners and firm value with a significance value of 0.000<0.05. Profitability cannot moderate the relationship between the audit committee and firm value with a significance value of 0.057 > 0.05. The results of testing the coefficient of determination (Adjusted R-square) shows that the percentage of the independent variable on the dependent variable is 17.43% or it can be interpreted that the independent variable used in the model is able to explain 17.43% of the dependent variable while the rest is influenced by variables outside models.
 
 
 

PENGARUH KEPEMILIKAN MANAJERIAL, KEPEMILIKAN INSTITUSIONAL, KEBIJAKAN HUTANG DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN

The purpose of this research is to test the effect of managerial ownership, institutional ownership, debt policy, and firm size on firm value in the basic materials sector in the 2019-2022 period. This research analyzes secondary data which is called quantitative research. The sampling technique in this research was purposive sampling and a sample of 24 companies was produced that met the criteria. The results of this research show that: (1) managerial ownership has no influence on firm value, (2) institutional ownership has a positive influence on firm value, (3) debt policy has a positive influence on firm value, (4) firm size has a negative influence on firm value. This suggests that the control exercised by managers over company shares may not be a determining factor in determining overall company value. Then, the findings also show that the company benefits from institutional investors, which implies that the trust and support of these investors contributes positively to the company's perceived value. Additionally, this research underscores the beneficial impact of a well-managed debt strategy on increasing overall firm value. In contrast, this research reveals a negative relationship between company size and company value, indicating that large companies may face challenges or problems that have a negative impact on overall company value.

The Effect of Managerial Ownership on Firm Value with Accounting Conservatism and Earnings Quality as Intervening Variables

Purpose - This research aims to determine the effect of managerial ownership on firm value with accounting conservatism and earnings quality as intervening variables. Design/methodology/approach - Multiple linear regression with SPSSv25 software and route analysis with an online Sobel calculator were utilized for analysis. Finding - According to the findings of this study, management ownership has a negative and considerable impact on firm value. Furthermore, managerial ownership has a considerable and favorable impact on accounting conservatism and earnings quality. Accounting conservatism and profit quality can thus be employed as intervening factors in this investigation. Originality - This research raises the issue of firm value seen from the perspective of ownership structure. The difference of this research is investigating the influence of these factors by looking at accounting conservatism and earning quality. The research was conducted because the influence of ownership structure on firm value gave inconsistent results.

Pengaruh Good Corporate Govermance Terhadap Harga Saham (Studi Kasus Pada Perusahaan Food And Bevarage Di BEI Periode 2017-2021)

Good Corporate Governance is the basis or guideline in conducting the company's internalmanagement. Stock prices are a reflection of the performance or value of the company andalso a reflection of investor confidence. The objectives to be achieved are: 1) To determine the effect of managerial ownership on stock prices in Food and Beverage companies on theIDX for the 2017-2021 period. 2) To determine the effect of institutional ownership on stockprices in Food and Beverage companies on the IDX for the 2017-2021 period. 3) Todetermine the effect of the size of the board of commissioners on the stock price of Food andBeverage companies on the IDX for the 2017-2021 period. 4) To determine the effect ofmanagerial ownership, institutional ownership and the board of commissioners on stockprices in Food and Beverage companies on the IDX for the 2017-2021 period. This researchis a quantitative research. The type of data used in this study is secondary data, namely GoodCorporate Governance on stock prices listed on the Indonesia Stock Exchange (IDX) in2017-2021. The data collection technique used in this research is documentation technique.The analytical technique used in this study is multiple regression analysis. The results ofresearch and data processing obtained the results of the t-test on the Managerial Ownershipvariable having a tcount of 5.444 where the tcount value is 5.444 > ttable 1.717, with asignificance value below 0.05, namely 0.000, then H1 is accepted. The results of the t-test ofthe institutional ownership variable have a tcount value greater than ttable or it can beexplained that the value (4.650 > 1.717) with a significance value below 0.05 is 0.000. Theresults of the t-test of the board of commissioners variable have a tcount value (5.502)greater than ttable (1.717) or it can be explained that the value of tcount > ttable (5.502 >1.717) with a significance value below 0.05, which is 0.000. The results of the F test on theindependent variables (managerial ownership, institutional ownership and the board ofcommissioners) have Fcount greater than Ftable or it can be explained that the value (18.776> 3.07) with a significance level below 0.05 is 0.000. Based on the results of the study, it canbe concluded that the test results simultaneously with the F test show that Good CorporateGovernance on indicators of managerial ownership, institutional election and independentcommissioners jointly affect stock prices in Food and Beverage companies listed on the IDXin 2017-2021. This is evidenced by statistical testing where tcount > ttable with asignificance less than 0.05. So it can be concluded that the results of this studysimultaneously (simultaneously) have a significant effect on stock prices.

The Effect Of Managerial Ownership, Independent Commissioner, And Tax Planning On Profit Management In Manufacturing Companies Listed On Indonesia Stock Exchange 2020-2022

Profit management is an attempt by management to manipulate information so that it does not reflect reality. The purpose of earnings management is to provide information in the form of financial statements that have been manipulated through various efforts to bring produce the financial statements desired by management, in order to provide stakeholders and potential investors with an overview of management's performance in terms of generating company profits. Several factors are considered to influence profit management, namely managerial ownership, independent commissioners and tax planning. The purpose of this research is to analyse the influence between managerial ownership, independent commissioners and tax planning on profit management in manufacturing companies listed on the Indonesia Stock Exchange in 2020-2022. The type of research used is quantitative research, with a sample of manufacturing companies listed on the Indonesia Stock Exchange in 2020-2022. The sampling technique used was purposive sampling technique. The results showed that managerial ownership variable had a negative effect on profit management, independent commissioner variable had no significant effect on profit management, tax planning variable had a positive effect on profit management, and managerial ownership, independent commissioners and tax planning simultaneously affected profit management.

DETERMINAN INTELLECTUAL CAPITAL DISCLOSURE: PADA PERUSAHAAN INDEKS ESG LEADERS

The purpose of this research was to test and analyze the effect of managerial ownership and institutional ownership on intellectual capital performance and intellectual capital disclosure for 2020-2021. This research used a quantitative approach. The population of this research are companies that included in the ESG Leaders index. The sample of this research as much 35 companies. The analysis technique used a content analysis and Warp Pls software. The result of this research prove that managerial ownership and institutional ownership contributed to intellectual capital performance, institutional ownership also contributed to intellectual capital disclosure, but managerial ownership and intellectual capital performance can’t contributed to intellectual capital disclosure.

IMPACT OF MANAGERIAL OWNERSHIP, COMPANY SIZE AND CAPITAL STRUCTURE ON COMPANY VALUE THROUGH PROFITABILITY IN COMPANY SECTORS PROPERTY, REAL ESTATE AND BUILDING CONSTRUCTION LISTED ON INDONESIA STOCK EXCHANGE PERIOD 2019–2021

The research aims to test and analyze the influence of managerial ownership, the size of the company, and the capital structure on the value of a company with profitability as an intervening variable. In this study, the researchers used external data obtained from the Indonesian Stock Exchange, which processed data of the Company's property, real estate and building sectors listed during the period 2019-2021. Sampling using purposive sampling, where the population is 32 companies so in a three-year period of 96. The data analysis process is statistically tested using Structural Equation Modeling (SEM) with a Partial Least Square (PLS) approach and the processing medium is SmartPLS 3.2.9. The value of the company is still a factor that investors pay attention to the ratio used is Price to Book Value, which is a simple valuation method and can be used by investors to analyze whether the price of a stock is undervalued or overvalued. The sectors used in property, real estate and building construction have brilliant prospects and are supported by the government and the valuation of corporations belonging to them has a significant influence on the state. The sector of real estate, building and construction has a relatively stable PBV ratio to a relative stable share price, so the researchers are looking at other financial ratios that are related to profitability and can affect the value of the company. The results show that capital structure and profitability don’t effect the company, but managerial ownership and the size of a company have a negative effect on the company's value. Profitability cannot mediate the effect of managerial ownership, company size and capital structure on the company's value. With this research, the Company can increase the value of the Company and strive to profitability that benefits the investor or the company itself, then able to perform tasks or responsibilities for decision-making with stability and vigilance. Meanwhile, companies are able to evaluate the factors that can affect the value of the company and consider which items need to be upgraded. The research focuses on managerial ownership, company size, capital structure, company value and profitability. It's done because we're so interested in this phenomenon. Company value items are like mirrors that can reflect the company's market assessment and help investors determine the viability of the company to invest in.

Real earnings management and ESG disclosure in emerging markets: The moderating effect of managerial ownership from a social norm perspective

Drawing on social norm theory, this study delves into the nexus between real earnings manipulation (REM) and Environmental, Social, and Governance (ESG) disclosure within Egypt's emerging capital market. By analyzing data from the S&P/EGX ESG index (2013–2018) through a two-stage regression analysis, we unearth a noteworthy pattern: heightened REM practices correspond with reduced tendencies for ESG sustainability disclosure. Notably, this association is moderated by managerial ownership, which diminishes the negative linkage between REM and ESG transparency. A unique cultural insight emerges, revealing that religiously-aligned firms leverage REM as a risk-mitigation mechanism, leading to curtailed ESG disclosures. Our findings cast a spotlight on a possible managerial tilt towards short-term gains, often overshadowing long-term sustainability imperatives, especially in religiously influenced contexts. As we advance understanding of REM-ESG dynamics in religious emerging markets, our study highlights the pressing need for enhanced sustainability consciousness and accountability in these regions.

PENGARUH KEPEMILIKAN MANAJERIAL, ARUS KAS OPERASI, TINGKAT HUTANG DAN UKURAN PERTUSAHAAN TERHADAP PERSISTENSI LABA

Earnings persistence is a component of earnings quality. This study aims to determine the effect of managerial ownership, operating cash flow, debt levels and company size on earnings persistence. In this study population, namely property and real estate sector companies listed on the IDX in the period 2018 to 2022. In this study the sample selection technique used purposive sampling and obtained 17 companies included with a period of 5 years, 85 samples were observed. The research method of data analysis in this study was multiple regression analysis using SPSS v25.0. The results of this study indicate that operating cash flow has a positive and significant effect on earnings persistence. Meanwhile, managerial ownership, debt level and firm size have no effect on earnings persistence

The Relationship between Managerial Ownership and Firm Performance Mediated by Real Earnings Management of Thai IPO Firms

This study aims to examine the effect of managerial ownership on firm performance, both directly and through real earnings management as a mediating variable, during the pre- and post-initial public offering (IPO) years. Thai quoted companies on the Market for Alternative Investment (MAI) between 2012 and 2017 are analyzed. The findings reveal that before the IPO year, higher managerial ownership exhibits a positive association with firm performance, and this relationship is fully mediated by real earnings management. However, after the IPO, managerial ownership no longer significantly affects firm performance, and real earnings management acts as a mediating variable. These findings highlight the changes in ownership structure during the transition from private to public companies. The decline in managerial ownership post-IPO strongly suggests a potential loss of control and influence, which could impact strategic decisions, financial reporting practices, and operational efficiency. This research adds valuable and important insights to the previous studies on managerial ownership, earnings management practices, and firm performance, offering policymakers, investors, and market participants a better understanding of these dynamics. Nonetheless, it is critical to note that the study’s focus on the MAI in Thailand may limit the generalizability of the findings, so further research is strongly advised to be undertaken in diverse markets and contexts.

Pengaruh Profitabilitas, Kepemilikan Manajerial, dan Gender Diversity Terhadap Penerapan Integrated Reporting

Integrated reporting is still a relatively new problem in the business world, there are not many studies or literature on this topic. Until now, the case study of a single organization has been the most common method of integrated reporting studies. financial and non-financial reports, corporate prospects, governance, and performance are provided through integrated reporting. Integrated reporting is expected to change the emphasis from short-term value created for shareholders to long-term value created for all stakeholders. The purpose of this study is to ascertain how the implementation of integrated reporting is affected by profitability, management ownership, and gender diversity. Real estate and property sector companies listed on the IDX from 2018 to 2021 are the study population. Purposive sampling is the method used with 21 listed companies. Panel data analysis is the analysis method used. According to the findings of this study, the probability value of the effect of profitability on integrated reporting is 0.0028 <0.05 so that profitability has a partial effect on integrated reporting. The probability value on the effect of managerial ownership on integrated reporting is 0.7792 > 0.05, therefore managerial ownership has no effect on integrated reporting partially. The probability value for the effect of gender diversity on integrated reporting is 0.8076 > 0.05, therefore gender diversity has no effect on integrated reporting partially in a sample of real estate and property sector companies listed on the IDX in 2018–2021

Struktur Kepemilikan Dan Kebijakan Hutang : Pendekatan Teori Agency

Debt policy is a policy taken by the management to obtain external sources of funding for the company's operations. The ownership structure in this study is proxied by managerial ownership and institutional ownership. This study aims to determine the effect of managerial ownership and institutional ownership on debt policy. This research was conducted on property and real estate companies listed on the Indonesia Stock Exchange in 2017-2021. The number of samples used is 79 companies with purposive sampling technique. The analysis technique used is multiple linear regression. The results showed that Managerial Ownership did not have a significant effect on debt policy, while institutional ownership had a significant positive effect on debt policy.

The Effect of Managerial Ownership, Institutional Ownership, Board of Commissioners, Independent Board of Commissioners, and Board of Directors on Company Value

The aim of this research is to examine the impacts of managerial ownership, institutional ownership, board of commissioners, independent board of commissioner, and board of director on firm value. The population of this research are companies that included in LQ 45 companies for the period of 2012-2018. By using purposive sampling method, 133 companies were selected as samples. The type of data used in this research is secondary data. Meanwhile, data analysis method that used in this research is descriptive statistics and multiple regression analysis. The T test result of this research indicates that only institutional ownership and independent board of commissioner out of five other variables affects significant positive on firm value. Meanwhile, the F test result of this research indicates that five variables (managerial ownership, institutional ownership, board of commissioners, independent board of commissioner, and board of director) together affect the firm value

Effect of Management Ownership, Industry Auditor Specialization, Audit Complexity and Auditor Switching on Timeliness of Financial Reporting

This study aims to determine the effect of managerial ownership, auditor industry specialization, complexity audit, and auditor switching on the timeliness of submitting financial reports to Energy sector companies listed on the Indonesia Stock Exchange in 2017-2021. The method in this research is a quantitative research method. The population in this study are energy sector companies listed on the Indonesia Stock Exchange during 2017-2020. The sampling technique in this study used a purposive sampling technique with 41 research samples within five years so that a total of 205 research data were obtained. Data analysis used descriptive statistical analysis method and logistic regression analysis using SPSS 26 software. The results showed that managerial ownership, auditor industry specialization, audit complexity had a positive effect on the timeliness of financial reporting, while switching auditors did not affect on the timeliness of financial reporting. The accuracy of submitting financial statements to companies tends to be influenced by factors such as high levels of managerial ownership, auditor industry specialization, and audit complexity, but the presence of switching auditors in the company does not affect the time of submission of financial statements.

Determining Corporate Social Responsibility Disclosure with Firm Size as Variable Moderation

This study aims to determine the effect of managerial ownership, profitability, leverage, and tax aggressiveness moderated by firm size on Corporate Social Responsibility (CSR) disclosure. The population in this study comprises energy sector companies listed on the Indonesia Stock Exchange (IDX), which have a capitalization value of more than 5,000,000,000. Determining the minimum number of samples using Slovin theory shows that 33 minimum samples must be met. The method of determining using purposive sampling with the criteria of energy companies listed on the IDX and issuing annual and sustainability reports in 2019-2021. The results showed that managerial ownership has a significant effect on CSR disclosure. Profitability has no significant effect on CSR disclosure. Leverage has a significant effect on CSR disclosure. Tax aggressiveness has a significant effect on CSR disclosure. Managerial ownership, profitability, leverage, and tax aggressiveness have significant simultaneous effects moderated by firm size on CSR disclosure. Future studies are anticipated to use a bigger sample size because this research is still only applicable to one industry, allowing the findings to reflect a wider range of businesses. Additionally, institutional ownership or shares as illustrations of effective corporate management can be introduced as additional variable factors, which may affect the company's CSR disclosure.