Managerial Ownership Structure Research Articles

Determinants of Income Smoothing Practices with Managerial Ownership Structure and Firm Size as Moderators

This study aims to determine the effect of profitability, dividend policy, financial leverage on income smoothing practices and the effect of moderating managerial ownership structure and firm size on the effect of profitability, dividend policy, financial leverage on income smoothing practices. The research design used causal quantitative. The population of this study were all manufacturing companies on the Indonesia Stock Exchange as many as 157 companies. The sampling technique used purposive sampling with a total sample of 30 companies. The data analysis technique used moderated regression analysis. The results show that (1) profitability had a significant negative effect on income smoothing practices, (2) dividend policy had a significant positive effect on income smoothing practices, (3) financial leverage had a significant positive effect on income smoothing practices, (4) managerial ownership structure strengthens the negative effect of profitability on income smoothing practices, (5) managerial ownership structure weakens the positive effect of dividend policy on income smoothing practices, (6) managerial ownership structure weakens the positive influence of financial leverage on income smoothing practices, (7) firm size weakens the negative effect of profitability on earnings smoothing practices. income smoothing, (8) firm size strengthens the positive effect of dividend policy on income smoothing practices, and (9) firm size strengthens the positive effect of financial leverage on income smoothing practices.

The Influence of Islamic Social Reporting, Managerial Ownership and Capital Structure on Firm Value

Increasing competition in the business world makes companies strive to increase the prosperity of shareholders. one of which can be done to increase the prosperity of shareholders by increasing the value of the company. The purpose of this study is to determine the effect of Islamic social reporting, managerial ownership and capital structure on firm value. This study uses secondary data with a population of 30 companies registered on the Jakarta Islamic Index (JII) for the 2016-2020 period. Sampling was carried out using a purposive sampling technique with nine companies that met the criteria in this study. Based on the results of the t (partial) test that the Islamic social reporting variable has a significant positive effect on firm value, the managerial ownership variable has a significant positive effect on firm value, the capital structure variable has an insignificant positive effect on firm value. Keywords: islamic social reporting, managerial ownership, capital structure, firm value

Pengaruh Struktur Kepemilikan pada Kinerja Keuangan Perusahaan Sektor Transportasi dan Logistik yang Terdaftar di BEI

This research aims to explain the effect of the ownership structure on the financial performance of companies in the transportation and logistics sector listed on the Indonesia Stock Exchange. This research method is quantitative. The sample used in this study is the transportation and logistics sector companies listed on the Indonesia Stock Exchange for nine years from 2013 to 2021. The total number of companies for being samples is 11 companies. The results showed that the regression equation are ROAit = -1.240411it + 2.628837GOPIt + 0.388680FOPit + 1.278487IOPit + 4.157551MOPIt + 0.036448CSit and ROEit = -0.426944it + 0.728267GOPIt + 0.95709 6FOPit + 0 .757987IOPit + 0.502168MOPIt - 0.045640CSit. The conclusions drawn from this study are that institutional ownership and managerial ownership affect ROA, while state ownership, foreign ownership, and capital structure do not affect the return on assets. In addition, state ownership, foreign ownership, institutional ownership, managerial ownership, and capital structure do not affect the return on equity.

The Moderating Effect of Ownership Structure in Affecting CSR on Financial Performance

CSR activities are becoming a trend that companies do to be able to compete in increasingly fierce business competition. The company's consistency in carrying out CSR activities can have an influence on the profits generated by the company, which is shown by the company's financial performance. However, there are factors that can influence CSR on financial performance, one of which is ownership structure. The company's managerial ownership structure will have an impact on how well business decisions are made. The ownership identity applied by the company will support management decision making in implementing CSR efforts and improving financial performance. This study was conducted to examine the effect of ownership structure as a moderating variable on the relationship between corporate social responsibility and financial performance in companies located in Indonesia and Singapore. Furthermore, it was also tested by comparing CSR disclosures in the two countries by focusing on companies listed on the LQ45 index and the Straits Times Index. The test analysis uses panel data regression analysis and Mann-Whitney test to determine the level of difference in CSR in Indonesia and Singapore. The results obtained are that there is no significant difference in CSR in Indonesian and Singaporean companies. Furthermore, the role of ownership structure in strengthening the relationship between CSR and financial performance can be proven in Singapore companies, but cannot be proven in Indonesian companies.
 

Analysis of The Influence of Institutional Ownership, Managerial Ownership, and Ownership Structure on Company Financial Performance: Case Study of Manufacturing Companies In Indonesia

This research aims to analyze the impact of institutional ownership, managerial ownership, and ownership structure on the financial performance of manufacturing companies in Indonesia. Financial performance is measured using various indicators such as profitability, liquidity, and leverage. The study is based on data from a number of manufacturing companies in Indonesia during the period 2020-2022. The results of the analysis indicate that institutional ownership has a significant positive impact on the financial performance of companies, suggesting that the presence of institutional shareholders can enhance efficiency and profitability. On the other hand, managerial ownership also contributes positively to financial performance, indicating that active management participation in share ownership can drive growth and profitability. However, the research findings show that the impact of ownership structure varies depending on the financial performance indicators considered. There are significant differences in the influence of ownership structure on profitability, liquidity, and leverage of the companies. This research provides valuable insights for stakeholders, regulators, and company owners in understanding the role of institutional ownership, managerial ownership, and ownership structure in enhancing the financial performance of manufacturing companies in Indonesia. The practical implications of these findings can help companies in making better decisions regarding share ownership and financial strategies.

ANALYSIS OF THE INFLUENCE OF INSTITUTIONAL OWNERSHIP, MANAGERIAL OWNERSHIP, AND OWNERSHIP STRUCTURE ON COMPANY FINANCIAL PERFORMANCE: A CASE STUDY ON MANUFACTURING COMPANIES IN INDONESIA

This study aims to analyze the influence of institutional ownership, managerial ownership, and ownership structure on the financial performance of manufacturing companies in Indonesia. Regression analysis method is employed to examine the relationship between these variables and financial performance, measured through financial ratios such as Return on Assets (ROA) and Return on Equity (ROE). Data is collected from manufacturing companies listed on the Indonesia Stock Exchange during a specific period. The results of the analysis indicate a significant impact of institutional ownership on company financial performance. Higher institutional ownership tends to correlate positively with better financial performance. Conversely, the influence of managerial ownership is not as significant on financial performance. However, ownership structure proves to be a crucial factor; more diversified ownership patterns tend to be positively associated with financial performance. In the context of manufacturing companies in Indonesia, this research provides insights into the factors that can affect corporate financial performance. The implication is that increasing institutional ownership and adopting a diversified ownership structure can be beneficial strategies for companies to achieve better financial performance. Nonetheless, company management needs to consider the complex dynamics of the market and business environment while making decisions regarding ownership and financial performance

Determinants of Financial Statement Integrity

Firms and financial statements are closely related. This study examines whether intellectual capital, managerial ownership, institutional ownership, and firm size affect the integrity of financial statements. This study uses the consumer goods sector firms that have been listed on the Indonesia Stock Exchange (IDX) in 2017-2021. Purposive sampling is used as a method of selecting research samples and analyzed by multiple regression methods. The results show that the integrity of financial statements is influenced by intellectual capital, managerial ownership, and firm size. Institutional ownership does not impact the integrity of financial statements for consumer goods firms listed on the IDX from 2017 to 2021. Intellectual capital serves as a potential tool for optimizing management of intellectual capital in various sectors, including consumer goods firms. Based on the findings, it is recommended that companies prioritize the effective management of intellectual capital, consider enhancing managerial ownership structures, and recognize the impact of firm size on maintaining the integrity of financial statements.

Pengaruh Struktur Kepemilikan pada Kinerja Keuangan Perusahaan Sektor Transportasi dan Logistik yang Terdaftar di BEI

This research aims to explain the effect of the ownership structure on the financial performance of companies in the transportation and logistics sector listed on the Indonesia Stock Exchange. This research method is quantitative. The sample used in this study is the transportation and logistics sector companies listed on the Indonesia Stock Exchange for nine years from 2013 to 2021. The total number of companies for being samples is 11 companies. The results showed that the regression equation are ROAit = -1.240411it + 2.628837GOPIt + 0.388680FOPit + 1.278487IOPit + 4.157551MOPIt + 0.036448CSit and ROEit = -0.426944it + 0.728267GOPIt + 0.95709 6FOPit + 0 .757987IOPit + 0.502168MOPIt - 0.045640CSit. The conclusions drawn from this study are that institutional ownership and managerial ownership affect ROA, while state ownership, foreign ownership, and capital structure do not affect the return on assets. In addition, state ownership, foreign ownership, institutional ownership, managerial ownership, and capital structure do not affect the return on equity.

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.

The Influence of Financial Performance, Managerial Ownership, and Capital Structure on Stock Price

This research aims to determine the influence of return on assets, return on equity, managerial ownership, and capital structure on share prices both partially and simultaneously. The method used for sampling was purposive sampling with several predetermined criteria. The sample obtained was 27 companies with a total of 135 data and the population in this study were companies in the primary consumer goods sector, food and beverage sub-sector which were listed on the Indonesian Stock Exchange for the 2017-2021 period. The regression method in this research uses panel data regression. The research results show that simultaneously return on assets, return on equity, managerial ownership and capital structure have a significant effect on stock prices. Partially, the return on assets variable has a significant positive effect on stock prices. Meanwhile, return on equity, managerial ownership, and capital structure partially do not have a significant effect in a positive direction on share prices.

Does The Investment Opportunity Set Strengthen The Effect of Profitability, Managerial Ownership and Capital Structure on Firm Value?

This study aims to examine the effect of profitability, managerial ownership, and capital structure on firm value and to test whether the investment opportunity set strengthens Profitability, managerial Ownership, and capital structure on firm value. As part of the purposive sampling method used in this study, which leverages secondary data, 60 data points were collected from 15 firms between 2018 and 2021 that met the required requirements. Moderate Regression Analysis (MRA) is the method of data analysis used in this study. According to the findings of the study, profitability has not to effect on firm value, managerial ownership has a positive effect on firm value, capital structure has a positive effect on firm value, investment opportunity sets weaken the relationship between profitability on firm value, investment opportunity sets weaken the relationship between managerial ownership on firm value, and investment opportunity set strengthens the relationship between capital structure on firm value. This research's objective was to ascertain if the investment opportunity set enhances both the direct and indirect impacts of Profitability, managerial Ownership, and capital structure on firm value. Based on the conclusions and limitations that exist, there are several suggestions addressed to parties related to research regarding the role of investment opportunity sets in moderating Profitability, managerial Ownership, and capital structure on firm value.

THE INFLUENCE OF OWNERSHIP STRUCTURE, FREE CASH FLOW, AND COMPANY GROWTH ON DIVIDEND POLICY

Dividend policy is a critical decision concerning the distribution of company profits, determining how much profit will be distributed as dividends and how much will be retained as retained earnings. Therefore, companies must carefully consider these factors when making decisions regarding their dividend policy. This study aims to examine the influence of Ownership Structure, Free Cash Flow, and Company Growth on Dividend Policy. The subjects of this research are companies included in the LQ 45 index listed on the Indonesia Stock Exchange for the period of 2017-2021. The methodology used is regression analysis using Panel Data, and the sampling technique employed is purposive sampling. Based on the test results, it is found that the variables Managerial Ownership Structure and Company Growth have a positive and significant impact on Dividend Policy, affecting decisions made by companies for the welfare of shareholders. On the other hand, Free Cash Flow shows a negative and insignificant effect on Dividend Policy, indicating that the greater the free cash flow, the smaller the dividend shared by the company.

Pengaruh Struktur Kepemilikan Terhadap Konservatisme Akuntansi

This study aims to examine the effect of ownership structure (institutional, managerial and public) on accounting conservatism. This study uses quantitative research. The data analysis technique used multiple linear regression analysis with SPSS version 25.0. The data used in this research is documentary data in the form of financial reports. Variable Accounting conservatism is measured using the accrual measure, institutional ownership is measured by the percentage ratio of the number of institutional shares to the number of shares outstanding by the company. Managerial ownership is measured by the percentage ratio of the number of managers' shares to the number of shares outstanding by the company. Public ownership is measured by the percentage ratio of the number of shares owned by the general public to the number of shares issued by the company. The population in this study are manufacturing companies listed on the Indonesia Stock Exchange in 2020. Sampling was carried out using a purposive sampling method with a total sample of 76 data. The results of this study indicate that the variable institutional ownership structure and managerial ownership structure have no effect on accounting conservatism. Meanwhile, the public ownership structure variable has a significant negative effect on accounting conservatism.

The Effect of Managerial Ownership and Capital Structure on Stock Returns With Dividend Policy As an Intervening Variable

The purpose of this study is to obtain empirical evidence for the impact of manager ownership and capital structure on stock returns, mediated by dividend policy. Manager ownership is tested by comparing the size of shares owned by the manager to the total number of shares. The size of the capital structure is tested by the leverage ratio, which represents the company's total debt to equity. A stock's return is measured by comparing the market price at the beginning of the year to the market price at the end of the year. The study population utilizes the consumer goods industry listed on the Indonesian Stock Exchange in 2020-2021 consumer goods industry. A sample of 25 companies was extracted based on the target sampling method. This study proves that management ownership and capital structure influence dividend policy. Management ownership and dividend policy affect stock returns, but capital structure does not. Furthermore, the results of the Sobel test prove that dividend policy does not convey the impact of management ownership and capital structure on stock returns.

Pengaruh Solvabilitas Dan Laba Operasi Terhadap Kecenderungan Audit Delay Dengan Struktur Kepemilikan Manajerial Dan Ukuran Perusahaan Sebagai Pemoderasi

Abstract This study aims to prove (1) the effect of solvency on audit delay, (2) the effect of operating profit on audit delay, (3) managerial ownership structure can moderate the effect of solvency on audit delay, (4) managerial ownership structure can moderate the effect of operating profit. has an effect on audit delay, (5) firm size can moderate the effect of solvency on audit delay, and (6) firm size can moderate the effect of operating profit on audit delay. To achieve the research objectives, the research design used is causal quantitative by using secondary data obtained from the company's annual financial statements. The population of this research is all companies in the Property, Real Estate and Building Construction sector on the Indonesia Stock Exchange as many as 65 companies. The sampling technique in this study used purposive sampling with a total sample of 35 companies. The data analysis technique used is moderated regression analysis. The results show that (1) solvency has a positive effect on audit delay, (2) operating profit has a negative effect on audit delay, (3) managerial ownership structure can moderate the effect of solvency on audit delay, (4) managerial ownership structure can moderate the effect of earnings. operations affect audit delay, (5) firm size can moderate the effect of solvency on audit delay, (6) firm size can moderate the effect of operating profit on audit delay. Keywords : solvency, operating profit, managerial ownership, firm size, audit delay

Pengaruh Growth, Cash Ratio, Struktur Kepemilikan Manajerial dan Profitabilitas terhadap Deviden Payout Ratio (DPR) pada Perusahaan Pertambangan yang Terdaftar di Bursa Efek Indonesia (BEI)

Abstract
 This study was aimed at determining the effect of growth, cash ratio, managerial ownership structure and profitability on the dividend payout ratio in mining companies listed on the Indonesian stock exchange. The type of data which used in this study was quantitative data with secondary data. The data analysis technique used in this study was multiple regression analysis with the Classical Assumption Test, the Coefficient of Determination Test, and the T Test. The population of this study was 49 mining companies listed in Indonesian stock exchange with 13 companies qualified in 5 years, so the sample analised was 65 samples. This study used purposive sampling in determining the sample. The results show that Growth has a significant negative effect on the dividend payout ratio. While cash ratio, managerial ownership structure, profitability have a significant positive effect on the dividend payout ratio in mining companies listed on the Indonesian stock exchange.
 Keywords : Deviden Payout Ratio, Growth, Cash Ratio, Managerial Ownership Structure And Profitabilitas.

Pengaruh Struktur Kepemilikan Saham dan Ukuran Perusahaan terhadap Pengungkapan Corporate Social Responsibility (CSR) Pada Perusahaan Manufaktur yang Terdaftar Di BEI

This study was conducted to determine the factors that influence the disclosure of Corporate Social Responsibility. This type of research is a quantitative research. The population used in this study were all manufacturing companies in the food and beverage -sector listed on the Indonesia Stock Exchange from 2015 to 2019. The sample used in this study was collected based on data obtained from the company's annual report using the purposive sampling method. The data collection method in this study used the documentation study method and data analysis using the SPSS 20 (Statistical Package for the Social Sciences) program, by performing descriptive statistical analysis and multiple linear regression analysis, R test, t test, and F test. data has been obtained that institutional ownership structure, managerial ownership structure has no significant effect on the disclosure of Corporate Social Responsibility, while the size of the company has a significant effect on the disclosure of Corporate Social Responsibility. Simultaneously, institutional ownership structure, managerial ownership structure, and firm size have a significant effect on the disclosure of Corporate Social Responsibility.

PENGARUH STRUKTUR KEPEMILIKAN MANAJERIAL, LEVERAGE, FINANCIAL DISTRESS DAN RISIKO LITIGASI TERHADAP KONSERVATISME AKUNTANSI

This study aims to examine and analyze the influence of managerial ownership structure, leverage, financial distress and litigation risk on accounting conservatism. A sample of 8 companies was obtained from 35 companies using purposive sampling of manufacturing companies in the transportation sub-sector listed on the IDX in the 2017-2020 period. The results of the study found 1) managerial ownership structure has a negative and not significant effect on accounting conservatism, 2) leverage has a negative and significant effect on accounting conservatism, 3) financial distress has a positive and insignificant effect on accounting conservatism, 4) litigation risk has a positive and significant effect on accounting conservatism, 5) while simultaneously managerial ownership structure, leverage, financial distress and litigation risk have a positive and significant effect on accounting conservatism.

Ownership Structure On Tax Avoidance: Empirical Study On Manufacturing Companies

The purpose of this study aims to examine the effect of ownership structure as measured by institutional and public managerial ownership on tax avoidance. The population of this study are manufacturing companies listed on the IDX in 2019. The sampling technique uses a purposive sample which is a sampling method with criteria such as manufacturing companies listed on the IDX in 2019 and companies that present annual reports during 2019. The results show that managerial ownership structure affects tax avoidance, while public ownership structure and institutional ownership structure does not affect tax avoidance in manufacturing companies listed on the Indonesia Stock Exchange in 2019. These results indicate that companies owned by managers are more likely to carry out tax avoidance because managers have full power to prepare financial statements in accordance with their wishes compared to institutional and public ownership. This research contributes to providing information to stakeholders about which type of ownership structure is more likely to avoid tax.

Effect of Company Ownership Structure, Profit Rate and Company Risk on Intellectual Capital Performance (Study on Banking Companies Listed on The Indonesia Stock Exchange in 2017 - 2019)

This study aims to determine the effect of managerial ownership structure, institutional ownership structure, profit level, and company risk on the significance of intellectual capital performance. This type of research is quantitative research where populations or samples are analyzed to test hypotheses. The population in this study is banking companies listed on the Indonesia Stock Exchange in 2017 - 2019. The method used is purposive sampling method, the sample obtained is 41 companies. The type of data used is secondary data where the data is processed from publication data. The results of this study indicate that managerial ownership structure has no significant effect on intellectual capital performance, institutional ownership structure has a significant effect on intellectual capital performance, profit level has no significant effect on intellectual capital performance, and company risk has no significant effect on intellectual capital performance.