PENGARUH KEPEMILIKAN MANAJERIAL, KEPEMILIKAN INSTITUSIONAL DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN FOOD AND BEVERAGE YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2020-2023

Abstract

This research examined the effect of the managerial and institutional ownership and profitability on the firm value. Managerial ownership is the proportion of shares owned by company management, meanwhile institusional ownership is the proportion of shares owned by institutions outside the company. Profitability was measured by using the Return On Assets (ROA) indicator. Moreover, firm value was measured by using the Price-to-Book Value (PBV) indicator. The research was quantitative. The data were secondary in the form of companies’ financial statements and annual reports which could be seen through the official website of the Indonesia Stock Exchange www.web.idx.com and related companies’ websites. Furthermore, the data collection technique used purposive sampling with 60 samples from 15 companies during 4 years of observation. The data analysis technique used descriptive statistics, classical assumption tests, and multiple linear regression. The result showed that managerial ownership as well as Profitability affected firm value. However, institutional ownership did not affect firm value.