PENGARUH KEPEMILIKAN MANAJERIAL DAN KEPEMILIKAN INSTITUSIONAL TERHADAP KINERJA KEUANGAN DENGAN KEBIJAKAN UTANG SEBAGAI VARIABEL MEDIASI

Dublin Core

Title

PENGARUH KEPEMILIKAN MANAJERIAL DAN KEPEMILIKAN INSTITUSIONAL TERHADAP KINERJA KEUANGAN DENGAN KEBIJAKAN UTANG SEBAGAI VARIABEL MEDIASI

Subject

managerial ownership, institutional ownership, debt policy, financial performance

Description

Agency problems can trigger an increase in agency
costs which will later cause a decrease in financial
performance. Bathala et al. (1994) states that there are a number of efforts to limit agency disputes, for example by increasing managerial and institutional stock ownership in companies so as to improve financial performance. This study aims to examines the effect of managerial ownership, pressure-resistant institutional ownership and pressure-sensitive institutional ownership on financial performance by using debt policy as a mediating variable. Debt policy is measured using Debt to Equity Ratio (DER) and financial performance
is measured using Return on Equity (ROE). The sample of this study was taken from companies listed on the Indonesia Stock Exchange in 2014-2018. The sample selection uses a purposive sampling method. Data analysis was performed using the Structural Equation Model. The results showed that managerial ownership had a significant positive effect on debt policy,
while pressure-resistant institutional ownership and pressure-sensitive institutional ownership had no effect on debt policy. On the other hand, debt policy, pressure resistant institutional ownership and pressure-sensitive institutional ownership have a significant positive effect on financial performance but managerial ownership has no effect on financial performance. Thus, it can be concluded that debt policy can mediate the effect
of managerial ownership on financial performance but cannot mediate the effect of pressure-resistant institutional ownership and pressure-sensitive institutional ownership on financial performance.

Creator

Niken Dewi Mandarsari

Source

http://jam.stieykpn.ac.id/index.php/jam/issue/view/131

Publisher

STIE YKPN Yogyakarta

Date

Agustus 2020

Contributor

Sri Wahyuni

Rights

P ISSN 2621-7031
E ISSN 2621-704X

Format

PDF

Language

Indonesian

Type

Text

Coverage

Jurnal Akuntansi dan Manajemen STIE YKPN Yogyakarta 2020

Files

Tags

,Repository, Repository Horizon University Indonesia, Repository Universitas Horizon Indonesia, Horizon.ac.id, Horizon University Indonesia, Universitas Horizon Indonesia, HorizonU, Repo Horizon , ,Repository, Repository Horizon University Indonesia, Repository Universitas Horizon Indonesia, Horizon.ac.id, Horizon University Indonesia, Universitas Horizon Indonesia, HorizonU, Repo Horizon , ,Repository, Repository Horizon University Indonesia, Repository Universitas Horizon Indonesia, Horizon.ac.id, Horizon University Indonesia, Universitas Horizon Indonesia, HorizonU, Repo Horizon ,

Citation

Niken Dewi Mandarsari, “PENGARUH KEPEMILIKAN MANAJERIAL DAN KEPEMILIKAN INSTITUSIONAL TERHADAP KINERJA KEUANGAN DENGAN KEBIJAKAN UTANG SEBAGAI VARIABEL MEDIASI,” Repository Horizon University Indonesia, accessed March 14, 2025, https://repository.horizon.ac.id/items/show/5689.