PENGARUH STRUKTUR KEPEMILIKAN DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN PROPERTI DI BEI

Abstract

Fund resources can be obtained by industries by selling shares to the public in the capital market. Capital market is regarded as one of effective ways to collect funds from the public and then it is distributed to the productive sectors. The purpose of this research is to examine the influence of ownership structure which consists of management ownership, domestic institutional ownership, foreign institutional ownership, and public ownership and profitability to the value of property companies which are listed in Indonesia Stock Exchange. The samples are 15 property companies which are listed in Indonesia Stock Exchange (IDX) in 2011-2013 periods and this research has been done by using quantitative method, the data is the secondary data in the form of audited financial statement. The data analysis technique has been done by using descriptive research whereas the analysis technique is done by using multiple linear regressions.The result of the research shows that the value of determination coefficient is 28.4% and each of management ownership, domestic institutional ownership, foreign institutional ownership, public ownership, and profitability has significant influence to the firm value. The result of hypothesis test i.e. the influence of management ownership, domestic institutional ownership, foreign institutional ownership, public ownership, and profitability have positive influence to the firm value and its significance value is less than α (0.05).
Keywords:Ownership Structure, Profitability, Firm Value