PENGARUH HARGA EKSEKUSI DAN ESOP TERHADAP KINERJA PERUSAHAAN DENGAN MODERASI KEPEMILIKAN MANAJERIAL

Abstract

The purpose of this research is to find out the influence of exercise price and employee stock
ownership program to the company performance which is moderated by managerial ownership.The
sample selection has been done by using purposive sampling method on go public companies which
are listed in Indonesia Stock Exchange (IDX) with the selected criteria i.e. go public company which
has financial statement during 2012-2015 periods, go public company which has done ESOP during
2012-2015 periods. Based on the research method, 47 go public companies have been selected as
samples. The data analysis has been done by using SPSS 23rd version statistics test instrument.The
result of the research shows that employee stock ownership program gives positive influence to the
company performance and employee stock ownership program gives negative influence to the
company performance which is moderated by managerial ownership whereas exercise price does not
give any significant influence to the company performance and exercise price does not give any
significant influence to the company performance which is moderated by managerial ownership.
Keywords:Exercise price, employee stock ownership program, company performance, managerial
ownership