PENGARUH STRUKTUR KEPEMILIKAN, UKURAN PERUSAHAAN, DAN INOVASI TERHADAP NILAI PERUSAHAAN

  • Kurrotul Akyunina
  • Kurnia Kurnia
Keywords: ownership structure, firm size, innovation, firm value

Abstract

This research aimed to examine the effect of ownership structure measured by managerial ownership (KM) and institutional ownership (KI), firm size measured by Log Natural of total assets, and innovation measured by the intensity of Research and Develpoment (R&D) on the firm value measured by Price Book Value (PBV). The sample was taken by purposive sampling. Furthermore, this research population used sub-sector companies of consumption goods listed on the Indonesia Stock Exchange. Moreover, from 54 companies, it obtained 13 companies’ samples during 4 years of observation periods (2016-2019). The analysis data used multiple linear regressions analysis with the statistical instrument of the SPSS 23 version. This research showed that: (1) managerial ownership had a positiive effect on the firm value, it shows that the height of the management holdings ownership brings the escalate of the firm value, (2) Institusional ownership did not affect the firm value, it indicates that the lack of control of external shareholders on management performance, (3) Firm size had a positive effect on firm value, (4) Innovation had a positive effect on the firm value.
Keywords: ownership structure, firm size, innovation, firm value

Published
2021-09-13