PENGARUH STRUKTUR KEPEMILIKAN DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN MANUFAKTUR SEKTOR ANEKA INDUSTRI YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2012-2016

Abstract

This study aims to determine the effect of institutional ownership structure and profitability (ROA) on firm value. (Empirical study on Manufacturing Companies in the Miscellaneous Industry sector which was listed on the Indonesia Stock Exchange in 2012-2016). Company samples were taken by purposive sampling method in which samples were taken from 6 companies from 44 Manufacturing Companies in Various Industry sectors which were listed on the Indonesia Stock Exchange in 2012-2016. The analytical method used in this study is multiple linear regression analysis and classic assumption test. Hypothesis testing is done using the F test and t test. The results of this study indicate that partially, institutional ownership variable has a significant negative effect on firm value. Meanwhile, profitability has no effect on firm value. Simultaneously, the structure of institutional ownership and profitability together (simultaneously) significantly influences the value of Manufacturing Companies in the Various Industry sectors listed on the Indonesia Stock Exchange in 2012-2016.