PERAN MODERASI KEPEMILIKAN INSTITUSIONAL TERHADAP DETERMINAN RETURN ON EQUITY DI BURSA EFEK INDONESIA

Abstract

This study aims to analyze the effect of Cash Turnover, Turnover Turnover and Fixed Assets Turnover to Return On Equity (ROE) with Institutional Ownership as a moderating variable either partially or simultaneously. The approach of this research is quantitative approach, population in this research are property and real estate company listed in Indonesia Stock Exchange year 2011-2015, sampling technique by purposive sampling from 50 companies, and 14 companies that fulfill criteria become sample, data type in this research is secondary data. Analysis technique using multiple linear regression analysis. The results of this study show that partially Cash Turnover influential and partial receivables turnover on Return On Equity and ownership of the Institution does not moderate the influence of both. Fixed Assets Turn over significant effect on Return On Equity and moderate Institutional ownership. Simultaneously variable Cash Turnover, Receivable Turnover and Fixed Assets Turnover significant effect on Return On Equity. Institutional Ownership has no significant effect on Return On Equity and Institutional Owners moderate the relationship between Cash Turnover, Accounts Receivable Turnover and Fixed Assets Turnover with Return on Equity. Ownership of Institutions as Moderating Variables in this study.