UI - Tesis (Open) :: Kembali

UI - Tesis (Open) :: Kembali

Pengaruh efektivitas dewan komisaris dan hubungan non-linier struktur kepemilikan terhadap Nilai perusahaan di Indonesia = The effect of board commissioner effectiveness and non-linear relationship ownership structure on firm value in Indonesia

Muchamad Agung Yanuar; Cynthia Afriani, supervisor; Sembel, Roy Hendra Michael, examiner; Gede Harja Wasistha, examiner (, 2011)
 Abstrak
[ABSTRAK

Penelitian ini bertujuan untuk mengetahui pengaruh struktur kepemilikan terhadap
hubungan efektivitas dewan komisaris dan nilai perusahaan pada perusahaan
yang listing di Bursa Efek Indonesia. Total sampel sebanyak 180 perusahaan
untuk masing-masing tahun, yakni 2008 dan 2009. Dengan menggunakan alat
ukur berupa kuesioner dari IICD untuk mengukur efektivitas dewan komisaris,
ditemukan bahwa efektivitas dewan komisaris mempengaruhi nilai perusahaan,
akibat pengawasan yang telah dilakukan untuk memaksimalkan kekayaan
pemegang saham. Selain itu, ditemukan bahwa terjadi alignment effect pada
perusahaan dengan konsentrasi kepemilikan medium, yang diindikasikan oleh
kepemilikan terkonsentrasi medium dan tinggi cenderung memiliki nilai
perusahaan yang lebih tinggi dibandingkan konsentrasi rendah namun untuk
konsentrasi tinggi ditemukan tidak berbeda signifikan terhadap konsentrasi
medium. Hal lainnya, identitas pemilik, yakni asing, ditemukan menghasilkan
nilai perusahaan yang lebih tinggi. Selanjutnya, tidak ada variabel kontrol yang
ditemukan mempengaruhi nilai perusahaan.


Abstract

This study is designed to determine the effect of ownership structure in
relationship of board of commissioner effectiveness and firm value to listing firm
on Indonesia Stock Exchange. Total sample of this study consist of 180
companies in each year, which is 2008 and 2009. Using questionnaire of IICD as
a measurement tool to asses the effectiveness of board of commissioner, this study
found that effectiveness of board of commissioner affect positively on firm value,
as a result of monitoring activity done by them on management in order to
maximizing shareholder wealth. In addition, this study found the alignment effect
in the company. It can be shown that medium- and high-concentrated ownership
firm tend to have higher value compared to that of lower, but firm value tend not
to differ statistically significant between medium- and high-concentrated
ownership firm. Moreover, companies having foreign investor tend to have higher
value than other type. Finally, there is no control variablefound significantly
influencing firm value.;This study is designed to determine the effect of ownership structure in
relationship of board of commissioner effectiveness and firm value to listing firm
on Indonesia Stock Exchange. Total sample of this study consist of 180
companies in each year, which is 2008 and 2009. Using questionnaire of IICD as
a measurement tool to asses the effectiveness of board of commissioner, this study
found that effectiveness of board of commissioner affect positively on firm value,
as a result of monitoring activity done by them on management in order to
maximizing shareholder wealth. In addition, this study found the alignment effect
in the company. It can be shown that medium- and high-concentrated ownership
firm tend to have higher value compared to that of lower, but firm value tend not
to differ statistically significant between medium- and high-concentrated
ownership firm. Moreover, companies having foreign investor tend to have higher
value than other type. Finally, there is no control variablefound significantly
influencing firm value., This study is designed to determine the effect of ownership structure in
relationship of board of commissioner effectiveness and firm value to listing firm
on Indonesia Stock Exchange. Total sample of this study consist of 180
companies in each year, which is 2008 and 2009. Using questionnaire of IICD as
a measurement tool to asses the effectiveness of board of commissioner, this study
found that effectiveness of board of commissioner affect positively on firm value,
as a result of monitoring activity done by them on management in order to
maximizing shareholder wealth. In addition, this study found the alignment effect
in the company. It can be shown that medium- and high-concentrated ownership
firm tend to have higher value compared to that of lower, but firm value tend not
to differ statistically significant between medium- and high-concentrated
ownership firm. Moreover, companies having foreign investor tend to have higher
value than other type. Finally, there is no control variablefound significantly
influencing firm value.]
 File Digital: 1
 Metadata
No. Panggil : T21755
Pengarang :
Pengarang/kontributor lain :
Subjek :
Penerbitan : [Place of publication not identified]: [Publisher not identified], 2011
Program Studi :
Sumber Pengatalogan : LibUI ind rda
Tipe Konten : text
Tipe Media : unmediated ; computer
Tipe Carrier : volume ; online resource
Deskripsi Fisik : xii, 69 pages : iluusration ; 28 cm + appendix
Catatan Bibliografi : pages 67-69
Naskah Ringkas :
Lembaga Pemilik : Universitas Indonesia
Lokasi : Perpustakaan UI, Lantai 3
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No. Panggil No. Barkod Ketersediaan
T21755 15-18-767542470 TERSEDIA
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