Pengaruh Return on Equity Dan Kepemilikan Manajerial Terhadap Nilai Perusahaan (Studi Pada Perusahaan Manufaktur Sektor Industri Barang Konsumsi Yang Terdaftar di Bursa Efek Indonesia Tahun 2016-2018)

Authors

  • Zaidatul Chusniah Institut Tekonologi dan Bisnis Widya Gama Lumajang
  • Ratna Wijayanti Daniar Paramita Institut Tekonologi dan Bisnis Widya Gama Lumajang
  • Ratna Wijayanti Daniar Paramita Institut Tekonologi dan Bisnis Widya Gama Lumajang
  • Fetri Setyo Liyundira Institut Tekonologi dan Bisnis Widya Gama Lumajang

Keywords:

Return on Equity, Managerial Ownership, Company Value.

Abstract

The purpose of this study was to determine and analyze the effect of return on equity and managerial ownership on firm value measured using the PBV value of 32 manufacturing companies in the consumer goods sector. Based on purposive sampling, it is known that there were 96 sample companies in the 2016-2018 observation period. The dependent variable in this study is return on equity (ROE) and managerial ownership, then the independent variable in this study is the value of the company. The results showed that ROE had no effect on firm value and managerial ownership had a significant effect on the value of manufacturing companies in the consumer goods sector listed on the Stock Exchange in 2016-2018. Company value describes the financial condition of the company which then becomes the consideration of investors. High book value can occur when investors have a perception that corporate governance as measured by managerial ownership has balanced with the total of all shares but high stock returns are no longer the main consideration of investors. For this reason, investors will consider managerial ownership as a liquidity factor of the company's shares.

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Author Biographies

Zaidatul Chusniah, Institut Tekonologi dan Bisnis Widya Gama Lumajang

The purpose of this study was to determine and analyze the effect of return on equity and managerial ownership on firm value measured using the PBV value of 32 manufacturing companies in the consumer goods sector. Based on purposive sampling, it is known that there were 96 sample companies in the 2016-2018 observation period. The dependent variable in this study is return on equity (ROE) and managerial ownership, then the independent variable in this study is the value of the company. The results showed that ROE had no effect on firm value and managerial ownership had a significant effect on the value of manufacturing companies in the consumer goods sector listed on the Stock Exchange in 2016-2018. Company value describes the financial condition of the company which then becomes the consideration of investors. High book value can occur when investors have a perception that corporate governance as measured by managerial ownership has balanced with the total of all shares but high stock returns are no longer the main consideration of investors. For this reason, investors will consider managerial ownership as a liquidity factor of the company's shares.

Ratna Wijayanti Daniar Paramita, Institut Tekonologi dan Bisnis Widya Gama Lumajang

The purpose of this study was to determine and analyze the effect of return on equity and managerial ownership on firm value measured using the PBV value of 32 manufacturing companies in the consumer goods sector. Based on purposive sampling, it is known that there were 96 sample companies in the 2016-2018 observation period. The dependent variable in this study is return on equity (ROE) and managerial ownership, then the independent variable in this study is the value of the company. The results showed that ROE had no effect on firm value and managerial ownership had a significant effect on the value of manufacturing companies in the consumer goods sector listed on the Stock Exchange in 2016-2018. Company value describes the financial condition of the company which then becomes the consideration of investors. High book value can occur when investors have a perception that corporate governance as measured by managerial ownership has balanced with the total of all shares but high stock returns are no longer the main consideration of investors. For this reason, investors will consider managerial ownership as a liquidity factor of the company's shares.

Ratna Wijayanti Daniar Paramita, Institut Tekonologi dan Bisnis Widya Gama Lumajang

The purpose of this study was to determine and analyze the effect of return on equity and managerial ownership on firm value measured using the PBV value of 32 manufacturing companies in the consumer goods sector. Based on purposive sampling, it is known that there were 96 sample companies in the 2016-2018 observation period. The dependent variable in this study is return on equity (ROE) and managerial ownership, then the independent variable in this study is the value of the company. The results showed that ROE had no effect on firm value and managerial ownership had a significant effect on the value of manufacturing companies in the consumer goods sector listed on the Stock Exchange in 2016-2018. Company value describes the financial condition of the company which then becomes the consideration of investors. High book value can occur when investors have a perception that corporate governance as measured by managerial ownership has balanced with the total of all shares but high stock returns are no longer the main consideration of investors. For this reason, investors will consider managerial ownership as a liquidity factor of the company's shares.

Fetri Setyo Liyundira, Institut Tekonologi dan Bisnis Widya Gama Lumajang

The purpose of this study was to determine and analyze the effect of return on equity and managerial ownership on firm value measured using the PBV value of 32 manufacturing companies in the consumer goods sector. Based on purposive sampling, it is known that there were 96 sample companies in the 2016-2018 observation period. The dependent variable in this study is return on equity (ROE) and managerial ownership, then the independent variable in this study is the value of the company. The results showed that ROE had no effect on firm value and managerial ownership had a significant effect on the value of manufacturing companies in the consumer goods sector listed on the Stock Exchange in 2016-2018. Company value describes the financial condition of the company which then becomes the consideration of investors. High book value can occur when investors have a perception that corporate governance as measured by managerial ownership has balanced with the total of all shares but high stock returns are no longer the main consideration of investors. For this reason, investors will consider managerial ownership as a liquidity factor of the company's shares.

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Published

2023-10-16

Issue

Vol. 5 No. 2 (2022): Desember 2022

Section

Articles

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