Office :
Jl. M.H. Thamrin 12 Surabaya 60264
Telp. (031) 5684955, 5683021
Fax. (031) 5684955, 5676475

Jurnal ISEI Tahun 2009

TINGKAT KEPEMILIKAN MANAJERIAL DAN NILAI PERUSAHAAN: BUKTI EMPIRIS PADA PERUSAHAAN PUBLIK DI INDONESIA

 

 

 

TINGKAT KEPEMILIKAN MANAJERIAL DAN NILAI PERUSAHAAN: BUKTI EMPIRIS PADA PERUSAHAAN PUBLIK DI INDONESIA
Penulis: HERRY dan HAMIN- UNIVERSITAS KRISTEN DUTA WACANA (Mei 2007) [ 31/7/2007 ]

 

Initial analyses using panel data for none intercept model show a positive and significant effect of low level of managerial ownership on firm value and negative and significant effect of high level of managerial ownership on firm value. This conclusion is different when unobserved firm heterogeneity controlled using firm fixed effects model. The fixed effects analyses suggest that managerial ownership doesn?t have significant effect on firm value. The 2SLS analyses show that both managerial ownership and firm value are jointly endogenous. Managerial ownership has positively impacts on firm value, a higher firm value, on the other hand, inspires larger managerial ownership

Facebook