Ekadjaja, Margarita and Siswanto, Halim Putera and Nuringsih, Kartika and Amelinda, Rita Parabolic Effect Between Managerial Ownership And Firm Value To Control Agency Conflict. Parabolic Effect Between Managerial Ownership And Firm Value To Control Agency Conflict.
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Abstract
This research attempts to place the ownership structure, which includes
managerial ownership, institutional ownership, foreign ownership, and concentration
ownership as determinants to predict value of the firm. Managerial ownership will be
identified and analyzed on its possibility to form the inverse U-shape relationship pattern,
therefore the test on parabolic effect between managerial ownership using Tobin’s Q can be
conducted. Meanwhile, such test cannot be conducted to the other three independent
variables. This test was applied to non-financial firms whose shares were listed on Indonesia
Stock Exchange (IDX) during 2000-2017. The result of panel data regression test concludes
that managerial ownership can predict value of the firm, while it is not for institutional
ownership and foreign ownership.
| Item Type: | Article |
|---|---|
| Subjects: | Penelitian > Fakultas Ekonomi |
| Divisions: | Fakultas Ekonomi > Manajemen |
| Depositing User: | Puskom untar untar |
| Date Deposited: | 16 Nov 2020 07:49 |
| Last Modified: | 16 Nov 2020 07:49 |
| URI: | https://repotest.untar.ac.id/id/eprint/13269 |
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