PENGARUH KEPEMILIKAN MANAJERIAL, KEPEMILIKAN INSTITUSIONAL DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN

Abstract

This research aims to determine the influence of Managerial Ownership, Institutional Ownership and Profitability “return on asset” on company value measured using Tobin's Q. The population in this research are real estate and property companies which is listed in the Indonesia Stock Exchange in 2011-2015. Samples taken by using purposive sampling technique. The number of samples is 13 companies from 43 real estate and property companies which is listed in Indonesia Stock Exchange at 2011-2015 period. The statistic tool used in this research is multiple linear regression method with using SPSS tool version 24, with independent variables of managerial ownership, institutional ownership and profitability “return on asset” and dependent variable that is company value “tobins'Q”. The results showed that 1) Managerial Ownership does not influenced the Company Value. 2) Institutional ownership influenced Company Value. 3) Profitability influence on Corporate Value. Feasibility Test Result Model “test F” obtained significant so that it can be concluded that the regression model is said to be feasible. R Square value of 0.216 or 21.6% shows the contribution of managerial ownership, institutional ownership and profitability “return on asset” to firm value “tobins'Q” is only 21.6% while the remaining 78.4% are influenced by other factors not formed within the model.
Keywords: managerial ownership, institutional ownership, profitability and company value.