Analisis Pengaruh Kepemilikan Institusional dan Kepemilikan Manajerial Terhadap Kinerja dan Nilai Perusahaan

Abstract

Conflict of interest between shareholder and management can trigger the increasing of cost production of the company and give an effect to the performance and value of the company. The purpose of this study is to examine the effect between ownership stuctures, the institutional and managerial ownership on the perfomance and value of companies. Based on the sample of 193 non-financial companies listed in Indonesia's Stocks Exchange for the period 2004 to 2015 by using purposive sampling method, institutional ownership gives positive effect on the perfomance and value of the companies, while managerial ownership gives negative effect on the perfomance as well as the value of the companies.