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Artikel Jurnal :: Kembali

Ownership structure and performance of public companies listed in the indonesian stock exchange / Raden Mouna Wasef, Retno Kusumastuti

Raden Mouna Wasef; Retno Kusumastuti, co-promotor (Universitas Indonesia, Department of Fiscal Administration Science,, 2010)

 Abstrak

Abstract. The aim of this study is to find out if the concentration of the biggest shareholder, the control rights and the ratio of
cash flow rights-control rights of the controlling shareholders contributed to profitability. This study uses purposive sampling
technique in collecting the data and linear panel regression in analysing the panel data. The result of this study shows that the
ownership concentration of the biggest shareholders has positive impact to company profitability as big shareholders have
bigger incentive and thus better chance to do supervision upon the management. The study also found that the control rights
concentration of controlling shareholders have negative effect to profitability since more concentrated power of the controlling
shareholders made the shareholders position stronger and may incline them to gain individual profit which in turn will reduce
the company’s profit. On the contrary, higher ratio of cash flow rights to-control rights contributed positively to profitability
because higher cash flow rights will tend to prevent the controlling shareholders from expropriating the company’s assets.

 Metadata

No. Panggil : PDF
Entri utama-Nama orang :
Entri tambahan-Nama orang :
Subjek :
Penerbitan : [Place of publication not identified]: Universitas Indonesia, Department of Fiscal Administration Science,, 2010
Sumber Pengatalogan : LibUI eng rda
ISSN :
Majalah/Jurnal : Jurnal Bisnis dan Birokrasi
Volume : Vol 17, No 3 November 2010 238-249
Tipe Konten : text (rdacontentt)
Tipe Media : computer
Tipe Carrier : online resource
Akses Elektronik : http://journal.ui.ac.id/index.php/jbb/article/view/786
Institusi Pemilik : Universitas Indonesia
Lokasi :
  • Ketersediaan
  • Ulasan
No. Panggil No. Barkod Ketersediaan
PDF 03-17-650842666 TERSEDIA
Ulasan:
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