PENGARUH GROWTH OPPORTUNITY, KEPEMILIKAN MANAJERIAL DAN KEPEMILIKAN INSTITUSIONAL TERHADAP NILAI PERUSAHAAN SEKTOR OTOMOTIF INDONESIA

Abstract

This research aimed to find out the effect of growth opportunity, managerial ownership, and institutional ownership on the firm value. While, growth opportunity was measured by the company’s total active, managerial ownership was measured by using stock which was owned by the commissionaire, director and others who were stakeholders, also institutional ownership was measured by using stock which was owned by stakeholders' institution. The research was quantitative. Moreover, the data collection technique used purposive sampling, in which the sample was based on criteria given. In line with, there were 13 samples from 5 automotive companies who were listed on Indonesia Stock Exchange during 2013-2018. Furthermore, the data analysis technique used multiple linear regressions with SPSS (Statistical Product and Service Solutions) 25. The research result concluded independent variable, i.e. growth opportunity did not affect the firm value. Likewise, institutional ownership did not affect the firm value. On the other hand, managerial ownership had positive effect on the firm value.
Keywords: growth opportunity, managerial ownership, institutional ownership, firm value