Blockholder Ownership, Capital Structureand Manufacture Company Value in Indonesia Stock Exchange  

Oleh:

Yuliani

Jenis: Article from Journal - ilmiah nasional - terakreditasi DIKTI
Dalam koleksi: Journal of Economics, Business, & Accountancy: ventura vol. 15 no. 3 (Dec. 2012), page 471-482.
Topik: Block-holder Ownership; Capital Structure; Company Value
Fulltext: 115-401-1-SM_dv.pdf (134.26KB)

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: VV5.9 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

Lihat Detail Induk

Isi artikel

The capital markets have been in the emerging market category for example, the Indonesia Stock Exchange. In connection with this condition, it has been known that the behavior of issuers and investors are still relatively unstable. This behavior is quite different to market conditions in other countries, which have become the efficient market. The number of listed companies is still relatively smalt compared to the number of listed companies on stock exchanges in de\'eloped countries. The research aims to measure and to find empirical evidence, the direct effect ofblockholder ownership and capital structure on company value. It will investigate and examine the mediating effect of capital structure on company value. Tfie research was conducted at manufacturing company in Indonesia Stock Exchange (IDX) for five years. This research use census sampling, with number 36 of companies that were analyzed with Structural Equation Modeling (SEM). The result shows di- rectly the blockholder ownership does not have significant effect to company value. Capital struc- ture has mediating effect to the relationship between blockholder ownership and company value. This finding Explains that the indirect role of capital structure can increase of company value. In addition, capital structure directly has significant effect to company value.

Opini Anda

Klik untuk menuliskan opini Anda tentang koleksi ini!

Kembali