The Effect of Managerial Ownership, Institutional Ownership, Board of Commissioners, Independent Board of Commissioners, and Board of Directors on Company Value

Abstract

The aim of this research is to examine the impacts of managerial ownership, institutional ownership, board of commissioners, independent board of commissioner, and board of director on firm value. The population of this research are companies that included in LQ 45 companies for the period of 2012-2018. By using purposive sampling method, 133 companies were selected as samples. The type of data used in this research is secondary data. Meanwhile, data analysis method that used in this research is descriptive statistics and multiple regression analysis. The T test result of this research indicates that only institutional ownership and independent board of commissioner out of five other variables affects significant positive on firm value. Meanwhile, the F test result of this research indicates that five variables (managerial ownership, institutional ownership, board of commissioners, independent board of commissioner, and board of director) together affect the firm value