Examine The Role Of Management Ownership In Unlocking Firm Value

Authors

  • Aprih Santoso Universitas Semarang, Indonesia
  • Tuti Dharmawati Universias Universitas Halu Oleo
  • Bastanta Prawira Tarigan Bursa Efek Indonesia, Indonesia
  • Pandu Adi Cakranegara Universias President, Indonesia
  • Irsyad Kamal Universitas Padjadjaran, Indonesia

DOI:

https://doi.org/10.29040/jap.v23i2.6970

Abstract

The purpose of this research is to analyze the effect of profitability and liquidity on firm value by moderating management ownership. The data were obtained from the financial statements and annual reports of manufacturing companies listed on the Indonesia Stock Exchange for the years 2018 – 2020. By using purposive sampling, 27 companies were selected as research samples. The data was processed by multiple regression analysis using the IBM SPSS Statistic 25 application. The results showed that profitability had a positive and significant effect on firm value, but liquidity had no effect on firm value. The results of the moderating variable test show that management ownership does not moderate the effect of profitability and liquidity on firm value. Keywords: ownership, liquidity, firm value, profitability

References

Hamidy, R.R., Wiksuana, I.G.B. & Artini, L.G.S. (2015). Pengaruh Struktur Modal Terhadap Nilai Perusahaan Dengan Profitabilitas Sebagai Variabel Intervening Pada Perusahaan Properti Dan Real Estate Di Bursa Efek Indonesia. E-Jurnal Ekonomi dan Bisnis Universitas Udayana. 4(10). 665-682

Marchyta, N.K. & Astuti, D. (2015). Pengaruh Struktur Modal dan Karakteristik Perusahaan Terhadap Profitabilitas dan Nilai Perusahaan. Jurnal FINESTA. 3(1). 13-18

Nafisah, N.I., Halim, A., & Sari, A.R. (2018). Pengaruh return on assets (ROA), debt to equity ratio (DER), current ratio (CR), return on equity (ROE), price earning ratio (PER), total assets turnover (TATO), dan earning per share (EPS) terhadap nilai perusahaan manufaktur yang terdaftar di BEI tahun 2014-2015. Jurnal Riset Mahasiswa Akuntansi, JRMA. 6(2). 1-17

Nugroho,P.S., Sumiyanti, T. & Astuti, R.P. (2019). Pengaruh Struktur Modal (Der), Profitabilitas (Roa) Dan Ukuran Perusahaan (Size) Terhadap Nilai Perusahaan Dengan Variabel Moderasi Kepemilikan Manajerial (Studi Pada Perusahaan Manufaktur di BEI Tahun 2014-2018). 5 (02). 61-77

Pratama, I.G.G.W & Wirawati, N.G.P. (2016). Pengaruh struktur modal dan profitabilitas terhadap nilai perusahaan dengan kepemilikan manajerial sebagai pemoderasi. E-Jurnal Akuntansi 15(3). 1817-1825.

Putra, I. W. Juniastana Wiagustini. 2014. Pengaruh Leverage dan Profitabilitas Terhadap Kebijakan Dividen dan Nilai Perusahaan. E-Jurnal Manajemen Universitas Udayana. 3 (9). 4044 - 4070

Sadalia, I. Simanjuntak, S. & Butar-Butar,N.A. (2017). An analysis of the determinants of capital structure and their influence on firm value (a case study on manufacturing companies investors in Southeast Asia). International Journal of Applied Business and Economic Research. 15 (19), 165-177

Sucuahi, W. & & Cambarihan, J.M. (2016). Influence of Profitability to the Firm Value of Diversified Companies in the Philippines. Accounting and Finance Research 5(2). 149-153

Suryadi, D. & Afridayani (2021). Pengaruh Corporate Risk, Capital Intensity, Dan Kepemilikan Institusional Terhadap Tax Avoidance. SAKUNTALA Prosiding Sarjana Akuntansi Tugas Akhir Secara Berkala. 1 (1). 162-174

Thaib, I. & Dewantoro, A. (2017). Pengaruh profitabilitas dan likuiditas terhadap nilai perusahaan dengan struktur modal sebagai variabel intervening (Studi pada perusahaan transportasi laut di Bursa Efek Indonesia. Jurnal Riset Perbankan Manajemen dan Akuntansi. 1(1). 25-44

Downloads

Published

2023-01-29

How to Cite

Santoso, A., Dharmawati, T., Tarigan, B. P., Cakranegara, P. A., & Kamal, I. (2023). Examine The Role Of Management Ownership In Unlocking Firm Value. Jurnal Akuntansi Dan Pajak, 23(2). https://doi.org/10.29040/jap.v23i2.6970

Issue

Vol. 23 No. 2 (2023): JAP : Vol. 23, No. 2, Agustus 2022 - Januari 2023

Section

Articles

Citation Check

License

The copyright of the article fully belongs to the Jurnal Akuntansi dan Pajak and publishing rights belong entirely to LLPM STIE AAS Surakarta 

 Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.