PENGARUH STRUKTUR KEPEMILIKAN TERHADAP PROFITABILITAS PERUSAHAAN LQ-45 YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

This research aimed to find out of the effect of ownership structure on probability of LQ-45 companies which were listed on Indonesia Stock Exchange (IDX) during 2014 – 2018. The ownership structure is considered as reflection of companies” performance. While, a good company’s performance affects the increase of companies” profitability level. Meanwhile, the variable were consist of institutional ownership, managerial ownership and foreign ownership. Moreover, profitability itself was measured by Return On Asset (ROA). Furthermore, the data collection technique used purposived sampling, in which the sample was based on criteria given. In line with, there were 16 samples of company during 2014 – 2018. Totally, there were 90 samples. Additionaly, the data analysis technique which used to test hypothesis were multiple linear regression with SPSS 18.The research result concluded institutional ownership, managerial ownership and foreign ownership did not affect companies” profitability. In addition, this researchgave some consideration for investors in order to evaluate financial performance and invest into LQ-45 Companies. Besides, it also gave consideration for companies in sharing its proportion of stock ownership; so that it could increase its profitability.
Keywords: institutional ownership, managerial ownership, foreign ownership, profitability