THE ROLE OF INVESTMENT OPPORTUNITIES, MANAGERIAL OWNERSHIP, CAPITAL STRUCTURE ON CORPORATE VALUE

Authors

  • Darlene Dacia Septiana Bunda Mulia University
  • Ernie Riswandari Bunda Mulia University

DOI:

https://doi.org/10.32493/eaj.v3i2.y2020.p138-145

Keywords:

Company value, investment opportunity set, capital structure, ownership managerial

Abstract

There are still companies that pay less attention and maintain value of ownership even though this is a concern in making investment decisions. In this study will examine investment opportunities, capital structure, and managerial ownership of firm value. The sample used is the financial statements of 27 companies manufacturing consumer goods sub sector in 2015-2017. This research is an associative research using secondary data which is quantitative data. Data is processed using Stata 12 by using multiple linear regression tests. The results showed that investment opportunities, capital structure, and managerial ownership had a significant effect on the firm's value partially on companies manufacturing the consumer goods sub sector.

References

Abbas, Asad. (2013). Impact of Large Ownership on Firm Performance: A Case of non Financial Listed Companies of Pakistan. World Applied Sciences Journal, 21 (8), 1141-1152.

Abdolmanafi, Saeed. (2013). The Effect of Managerial Stock Ownership on The Value of Listed Companies in Tehran Stock Exchange. Advances in Environmental Biology, 7(8), 1612-1615.

Chowdhury, Anup dan S.P. Chowdhury. (2010). Impact of Capital Structure on Firm’s Value: Evidence from Bangladesh. Business and Economic Horizons, 3, 111-122.

cnbcindonesia.com

Dewi, A. M., & Wirajaya, A. (2013). Pengaruh Struktur Modal, Profitabilitas, dan Ukuran Perusahaan pada Nilai Perusahaan. E-Jurnal Akuntansi Universitas Udayana .

Fahmi, I. (2014). Pengantar Manajemen Keuangan Teori dan Soal Jawab. Bandung: Alfabeta.

Gaver, J.J, dan Gaver, K.M. (1993) “Additional Evidence on The Association Between The Irrvestment OpporlLrnity Set ar,d Corporate Financing Dividend, and Compesation Policiesâ€, Jouynal of Accounting and Economic, 125-160.

Harmono, 2009. Manajemen Keuangan. PT Bumi Aksara. Jakarta

Handriani, E., & Irianti, T. E. (2015). Investment Opportunity Set (IOS Berbasis Pertumbuhan Perusahaan dan Kaitannya dengan Upaya Peningkatan Nilai Perusahaan. Jurnal Ekonomi dan Bisnis, 18(1), 83-99.

Hidayah, N. (2015). Pengaruh Investment Opportunity Set (IOS dan Kepemilikan Manajerial terhadap Nilai Perusahaan pada Perusahaan Property dan Real Estate di Bursa Efek Indonesia. Jurnal Akuntansi, 19(3), 420-432.

Jusriani, I. F., & Rahardjo, S. N. (2013). Analisis Pengaruh Profitabilitas, Kebijakan Dividen, Kebijakan Utang, dan Kepemilikan Manajerial terhadap Nilai Perusahaan (Studi Empiris pada Perusahaan Manufaktur yang Terdaftae di Bursa Efek Indonesia Periode 2009-2011. Diponegoro Journal of Accounting, 1-10.

Lubis, I. L., Sinaga, B. M., & Sasongko, H. (2017). Pengaruh Profitabilitas, Struktur Modal, dan Likuiditas terhadap Nilai Perusahaan. Jurnal Aplikasi Bisnis dan Manajemen, 3(3), 458-465

Muktiajdi, N., & Felicia. (2013). Analisis Kebijakan Dividen terhadap Nilai Intrinsik dan Nilai Pasar Perusahaan. Jurnal Ilmiah Manajemen Kesatuan, 1(2), 113-124.

Myers, Stewart C. (1997), Determinant of Corporate Borrowing, Journal of Financial Economics 5, 147-175

Ningsih, R. (2013). Pengaruh Kepemilikan Manajerial Terhadap Nilai Perusahaan (StudiKasus pada Industri Perbankkan yang terdaftar di BEI). Jurnal Universitas Komputer Indonesia .

Prastika, Ni Gst. A. Pt. Silka. 2013. “Pengaruh IOS, Leverage, Dan Dividend Yield Terhadap Profitabilitas Dan Nilai Perusahaan Sektor Manufaktur Di BEI.†Jurnal Ekonomi Dan Bisnis Universitas Udayana, 1, 147–74.

Prastuti, N. R., & Sudiartha, I. M. (2016). Pengaruh Struktur Modal, Kebijakan Dividen, dan Ukuran Perusahaan terhadap Nilai Perusahaan pada Perusahaan Manufaktur. E-Jurnal Manajemen Unud, 5(3)

Rodoni, Ahmad dan Ali, Herni. (2010), Manajemen Keuangan. Jakarta: MitraWacana Media.

Samisi, K., & Ardiana, P. A. (2013). Pengaruh Struktur Pendanaan terhadap Nilai Perusahaan dengan Kepemilikan Manajerial Sebagai Variabel Moderasi. E-Jurnal Akuntansi Universitas Udayana, 5, (2), 451-469.

Suartawan, I. A., & Yasa, G. W. (2016). Pengaru Investment Opportunity Set dan Free Cash Flow pada Kebijakan Dividen dan Nilai Perusahaan. E-Jurnal Akuntansi Universitas Udayana, 14(3), 2014-2044

Sudiani, N. A., & Darmayanti, N. A. (2016). Pengaruh Profitabilitas, Likuiditas, Pertumbuhan, dan Investment Opportunity Set terhadap Nilai Perusahaan. E-Jurnal Manajemen Unud, 5(7), 4545-4574.

Published

2020-07-30