FAKTOR YANG MEMENGARUHI NILAI PERUSAHAAN DENGAN MEDIASI KINERJA PERUSAHAAN PADA PERUSAHAAN PROPERTI

Main Article Content

Micheal
Henryanto Wijaya

Abstract

This study aims to obtain empirical evidence about the effect of capital structure, institutional ownership, and managerial ownership on firm value with firm performance as mediation in property sector companies listed on the Indonesia Stock Exchange for the period 2019 to 2021. The sampling method used was purposive sampling thus 51 sample companies were obtained. Data processing is carried out using the SmartPLS 4.0.8.4 program. The results of this study indicate that capital structure, institutional ownership, and managerial ownership do not have a significant effect on firm value, and firm performance does not mediate the relationship between capital structure, institutional ownership, and managerial ownership on firm value. The implication of this research is that investors need to pay attention to external factors such as the global economic situation, investor sentiment, and capital market conditions to be able to measure a company's value more accurately.

Article Details

Section
Articles

References

Alkurdi, A., hamad, A., Thneibat, H., & Elmarzouky, M. (2021). Ownership structure’s effect on financial performance: An empirical analysis of Jordanian listed firms. Cogent Business and Management, 8(1). https://doi.org/10.1080/23311975.2021.1939930

Ben Mohamed, E., Garoui, N., & Naoui, K. (2020). Do optimistic managers destroy firm value? Journal of Behavioral and Experimental Finance, 26, 100292. https://doi.org/10.1016/j.jbef.2020.100292

Brigham, E. F., & Houston, J. F. (2018). Dasar-dasar manajemen keuangan (14th ed.). Salemba Empat.

Chowdhury, E. K., Khan, I. I., & Dhar, B. K. (2022). Catastrophic impact of Covid-19 on the global stock markets and economic activities. In Business and Society Review (Vol. 127, Issue 2, pp. 437–460). https://doi.org/10.1111/basr.12219

Din, S. U., Arshad Khan, M., Khan, M. J., & Khan, M. Y. (2021). Ownership structure and corporate financial performance in an emerging market: a dynamic panel data analysis. International Journal of Emerging Markets. https://doi.org/10.1108/IJOEM-03-2019-0220

Doğan, M. (2020). Institutional Ownership and firm Value: A study on the Bist Manufacturing Index. Ekonomika , 99(2), 59–75. https://doi.org/10.15388/EKON.2020.2.4

Doorasamy, M. (2021). Capital structure, firm value and managerial ownership: Evidence from East African countries. Investment Management and Financial Innovations, 18(1), 346–356. https://doi.org/10.21511/imfi.18(1).2021.28

Hasanudin, Nurwulandari, A., Adnyana, I. M., & Loviana, N. (2020). The effect of ownership and financial performance on firvalue of oil and gas mining companies in Indonesia. International Journal of Energy Economics and Policy, 10(5), 103–109. https://doi.org/10.32479/ijeep.9567

Herwany, A., Febrian, E., Anwar, M., & Gunardi, A. (2021). The Influence of the COVID-19 Pandemic on Stock Market Returns in Indonesia Stock Exchange. Journal of Asian Finance, Economics and Business, 8(3), 39–47. https://doi.org/10.13106/jafeb.2021.vol8.no3.0039

Ilmi, M., Kustono, A. S., & Sayekti, Y. (2017). Effect of Good Corporate Governance , Corporate Social Responsibility Disclosure and Managerial Ownership To the Corporate Value With Financial Performance As Intervening Variables : Case on Indonesia Stock Exchange. 1, 75–88.

Indonesia, B. (2021). Permintaan properti komersial triwulan IV-2021 tumbuh meningkat Perkembangan Properti Komersial ( PPKOM ) Perkembangan pasokan properti juga meningkat pada triwulan IV- Perkembangan Properti Komersial ( PPKOM ).

Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4), 305–360. https://doi.org/10.1016/0304-405X(76)90026-X

Kurniawan, K., Bangun, N., Wijaya, H., & Rahardjo, T. (2019). Pengaruh Ukuran Perusahaan, Struktur Modal, dan Pertumbuhan Perusahaan terhadap Nilai Perusahaan. STATERA: Jurnal Akuntansi Dan Keuangan, 1(1), 1–15. https://doi.org/10.33510/statera.2019.1.1.1-15

Martinez, L. B., Scherger, V., & Guercio, M. B. (2019). SMEs capital structure: trade-off or pecking order theory: a systematic review. Journal of Small Business and Enterprise Development, 26(1), 105–132. https://doi.org/10.1108/JSBED-12-2017-0387

Nasution, N., Faruqi, F., & Rahayu, S. (2019). Pengaruh Kepemilikan Manajerial, Kepemilikan Institusional, Struktur Modal, Pertumbuhan Perusahaan Dan Profitabilitas Terhadap Nilai Perusahaan Pada Perusahaan Manufaktur Di Indonesia Tahun 2015-2018. Jurnal STEI Ekonomi, 28(01), 153–171. https://doi.org/10.36406/jemi.v28i01.273

Pangestu, L., & Triyono. (2022). PENGARUH KINERJA KEUANGAN DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN. 10(2).

Prabowo, D. (2016). Pengelola Gerai KFC akan di Rilis Obligasi Rp 200 M. https://investasi.kontan.co.id/news/pengelola-gerai-kfc-akan-rilis-obligasi-rp-200-m

Pratiwi, M. W. (2017). ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI KINERJA KEUANGAN PERUSAHAAN Imanuel Parluhutan Mangasi Nainggolan Fakultas Ekonomi dan Ilmu Sosial Universitas Bakrie. 32(1).

Putri, I. G. A. P. T. (2020). Effect of capital structure and sales growth on firm value with profitability as mediation. International Research Journal of Management, IT and Social Sciences, 145–155. https://doi.org/10.21744/irjmis.v7n1.833

Safitri, K. (Money K. (2020, December 30). Sepanjang 2020, Sektor Properti Menyumbang Pelemahan Terbesar ke IHSG. https://money.kompas.com/read/2020/12/30/204500626/sepanjang-2020-sektor-properti-menyumbang-pelemahan-terbesar-ke-ihsg

Sierpińska, M. (2021). Determinants of mining companies’ capital structure. Gospodarka Surowcami Mineralnymi / Mineral Resources Management, 37(2), 125–144. https://doi.org/10.24425/gsm.2021.137561

Soewarno, N., & Ramadhan, A. H. A. (2020). The effect of ownership structure and intellectual capital on firm value with firm performance as an intervening variable. International Journal of Innovation, Creativity and Change, 10(12), 215–236.

Wijaya, H., & Gunawan, J. (2020). Pengaruh Kepemilikan Manajerial, Kepemilikan Institusional, Dan Ukuran Perusahaan Terhadap Kinerja Perusahaan Mnufaktur. Jurnal Paradigma Akuntansi, 2(4), 1718. https://doi.org/10.24912/jpa.v2i4.9367

Wijaya, H., & Reviani, M. M. (2020). Faktor Yang Mempengaruhi Nilai Perusahaan Pada Perusahaan Manufaktur Yang Terdaftar Di Bei. Jurnal Paradigma Akuntansi, 2(2), 826. https://doi.org/10.24912/jpa.v2i2.7665

Yanti, N. L. E. K., Made, E. D., & Asri, P. & I. G. A. (2021). Pengaruh Ukuran Perusahan, Ukuran Dewan Komisaris, Kepemilikan Institusional, Leverage, Dan Profitabilitas terhadap Pengungkapan Corporate Social Responsibility. Ekonomi Bisnis, 3(1), 43–51.

Similar Articles

<< < 17 18 19 20 21 22 23 24 25 26 > >> 

You may also start an advanced similarity search for this article.