PENGARUH KEPEMILIKAN MANAJERIAL, UKURAN
PERUSAHAAN DAN KEBIJAKAN HUTANG
TERHADAP NILAI PERUSAHAAN
(Pada Telekomunikasi di BEI)
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Institusion
Sekolah Tinggi Ilmu Ekonomi Indonesia Surabaya
Author
PRATIWI, DIANA AJENG
Subject
HD28 Management. Industrial Management
Datestamp
2019-10-24 11:32:43
Abstract :
One of the supporting sectors for the sustainability of an industry is the availability of financial resources. The enhancement of firm value can be achieved when the company management can establish good cooperation with other parties in the making of financial decisions which is known as other parties which include shareholder and stakeholder. This research is aimed to examine the influence of managerial ownership, firm size and debt policy to the firm value of telecommunication companies which are listed in the IDX. The analysis techniques which has been applied to analyze the influence of variables in this research are multiple regressions analysis, and t test. The population is 5 telecommunications companies which are listed in Indonesia Stock Exchange in 2011-2015 periods with 5 years of observation. The result of the research shows that (1) Managerial ownership gives influence to the firm value which means that large management ownership will be effective to supervise company activities; (2) firm size gives influence to the firm value which means that high sales growth requires large support from company resources; (3) Debt policy gives influence to the firm value which means that optimum debt level is reached when tax saving has reached its maximum amount to the cost of financial distress. Keywords: Managerial ownership, firm size, debt policy, firm value
One of the supporting sectors for the sustainability of an industry is the availability of financial resources. The enhancement of firm value can be achieved when the company management can establish good cooperation with other parties in the making of financial decisions which is known as other parties which include shareholder and stakeholder. This research is aimed to examine the influence of managerial ownership, firm size and debt policy to the firm value of telecommunication companies which are listed in the IDX. The analysis techniques which has been applied to analyze the influence of variables in this research are multiple regressions analysis, and t test. The population is 5 telecommunications companies which are listed in Indonesia Stock Exchange in 2011-2015 periods with 5 years of observation. The result of the research shows that (1) Managerial ownership gives influence to the firm value which means that large management ownership will be effective to supervise company activities; (2) firm size gives influence to the firm value which means that high sales growth requires large support from company resources; (3) Debt policy gives influence to the firm value which means that optimum debt level is reached when tax saving has reached its maximum amount to the cost of financial distress. Keywords: Managerial ownership, firm size, debt policy, firm value
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