PENGARUH STRUKTUR PERUSAHAAN, LEVERAGE, DAN PROFITABILITAS TERHADAP PEMBELIAN KEMBALI SAHAM

Abstract

Share repurchase is an corporate activity which the attention related to the amount of shares which had been owned by sharehoders in order to reduce the ownership by public, leverage ratio and also profiability. This research aimed to examine the effect of institutional ownership structure, leverage, and return on equity on share repurchase through companies’ annual financial statement which were listed on Indonesia Stock Exchange (IDX). The population was companies which were listed on Indonesia Stock Exchange. Moreover the data collection technique used puposive sampling, in which the sample was based on criteria given. From 3862 annual financial statements, there were 83 annual financial statements as the sample during 2010 – 2018. Furthermore, the data analysis technique used multiple liniear regression with SPSS (Statistical Product and Service Solution) v.25.The result concluded that on Return On Equity had a positive and significant effect on share respurchase. On the other hand, institutional ownership structure as well as leverage did not affect share repurchase of companies.
Keywords: share repurchase, ownership structure, return on equity, leverage