Pengaruh Kepemilikan Manajerial Dan Kepemilikan Institusional Terhadap Nilai Perusahaan Pada Perusahaan Manufaktur Yang Terdaftar Di Bei Tahun 2009-2013

Abstract

This study aimed to investigate the influence of management ownership and institusional ownership to firm value. Firm value in this study calculated using the value of Tobin’s Q. Data used in this study are manufacturing companies listed in Indonesia Stock Exchange in 2009 up to 2013, and in data collection using puprosive sampling method with some spesific criteria. This study used a sample of 85 manufaturing companies over five years, 17 manufacturing companies per year. The method of analysis of this study used multiple regression. The Result of this study indicate that the variable that effect the firm value is management ownership. While variables that did not effect the firm value is institutional ownership.